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Thread: CBO: Stimulus hurts economy in the long run

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post

    Are you ever going to recognize that FIT do not fund the highway system? Just as I thought, you don't have a clue what the tax dollars fund?
    Just take out the letter I in FIT and substitute a G.

    Feel better? Still a tax.
    Last edited by hazlnut; 11-28-11 at 11:20 PM.

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    Re: CBO: Stimulus hurts economy in the long run

    [QUOTE=hazlnut;1059986268]
    Quote Originally Posted by Conservative View Post

    Just take out the letter I in FIT and substitute a G.

    Feel better? Still a tax.
    I would feel better if taxes were used for their purpose and not put on budget to spend on whatever they want

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    Re: CBO: Stimulus hurts economy in the long run

    I guess we can all agree that tax cuts don't stimulate the economy.

    So let's start with repealing the biggest cuts first.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post

    I would feel better if taxes were used for their purpose and not put on budget to spend on whatever they want
    We'd all feel better if you'd post a link proving your statement. (not a far-rightie blogger, please. We don't give two craps about the conspiracy theories spewed out Malkins trap)
    Last edited by hazlnut; 11-28-11 at 11:18 PM.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by hazlnut View Post
    I guess we can all agree that tax cuts don't stimulate the economy.

    So let's start with repealing the biggest cuts first.
    Wow, we all believe tat tax cuts don't stimulate the economy? Where did you get that idea? Further what do you do when you get more spendable income from tax cuts? Think about it and its affect on the economy.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Wow, we all believe tat tax cuts don't stimulate the economy? Where did you get that idea? Further what do you do when you get more spendable income from tax cuts? Think about it and its affect on the economy.
    Um... SAVE. According to ALL economists.

    You realize a good part of the stimulus was tax cuts... or maybe they don't teach that on Fox.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by hazlnut View Post
    We'd all feel better if you'd post a link proving your statement. (not a far-rightie blogger, please. We don't give two craps about the conspiracy theories spewed out Malkins trap)
    Social Security Online - HISTORY: Budget Treatment of Social Security Trust Funds

    SS on Budget

    "On-Budget"-
    In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
    This 1968 change grew out of the recommendations of a presidential commission appointed by President Johnson in 1967, and known as the President's Commission on Budget Concepts. The concern of this Commission was not specifically with the Social Security Trust Funds, but rather it was an effort to rationalize what the Commission viewed as a confusing budget presentation. At that time, the federal budget consisted of three separate and inconsistent sets of measures, and often budget debates became bogged-down in arguments over which of the three to use. As an illustration of the problem, the projected fiscal 1968 budget was either in deficit by $2.1 billion, $4.3 billion, or $8.1 billion, depending upon which measure one chose to use. Consequently, the Commission's central recommendation was for a single, unified, measure of the federal budget--a measure in which every function and activity of government was added together to assess the government's fiscal position.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    Hey finebead, how you been? I have a question for you. My understanding is that WWII spurred a huge manufacturing effort to sustain our military, and if what you say is true that we suffered a recession immediately following the war due to that dropping off, then what pulled us out? Could it be that an equally strong demand for goods such as houses, cars, durable goods, textiles, ag products etc. all manufactured in this country did that trick? If so then it was American business, and manufactured goods that spurred economic growth, not government nannyism.

    j-mac
    Hi j-mac, I have been doing well! I'm still employed in a good job, mainframe computer software related. It's been nearly recession proof, we don't sell more in bad times, but we charge an annual maintenance fee and since nobody throws us out, we have a steady source of income. Yes, I count my blessings!

    Let me recap this thread. CPwill starts with article that says CBO finds the stimulus is now retarding growth. I say that is not unusual, whenever you print a lot of money, something bad will happen. That is not the point to me, the point is, what was the alternative and how would it have worked out (which nobody has answered)? Then the UCLA study is posted saying FDR's New Deal retarded the recovery in the great depression, which I don't believe (and what was the alternative)? Then I hear "New Deal didn't end the depression, WWII ended the depression". I agreed that all that govt. spending stimulated the economy, like the current $800 billion stimulus did. Then I was told, no it was not the spending, it was the happiness over the end of the war that ended the depression. Then I pointed out that there was a recession immediately following the end of the war, caused by the withdrawal of govt. spending.

    As to your point about the aftermath of the war, and the demand for new houses and cars and was that stimulative, sure it was. There are natural business cycles from recession to recovery and back that go on continuously. They can be fairly regular unless they are impacted by extraordinary events like a big war or big bubble/bust, then they get distorted. But this line of reasoning is mighty far from the original premise of the thread. We were talking about the Obama stimulus and it's effect, and using the FDR new deal as a similar stimulus to analyze the effect. Then this got pulled to WWII, and now nobody knows where this thread is anymore.

    My problem with this, and why I post much less these days, is I work a full time job, and I have to watch my investments closely these days. At Whistlestopper, there were not that many posters, and you could leave a thread in the morning and hop back in at night and it had not moved that far. I came back tonight and this thing added 4 pages, not 4 posts. And we're off on another tangent. Given my life, there does not appear to be a way for me to participate meaningfully. I'll just have to settle for an occasional comment, sans much followup.

    How are you doing? You can PM me, I'd like to know.

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    Re: CBO: Stimulus hurts economy in the long run

    It's the 'hurts' the economy part of this hackery that is so laughable.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by hazlnut View Post
    Um... SAVE. According to ALL economists.

    You realize a good part of the stimulus was tax cuts... or maybe they don't teach that on Fox.
    Great, where do you put that savings and what does the savings institution do with the money?

    As for the Obama stimulus funding most were not tax cuts, 235 billion were targeted tax cuts that required a specific action. Guess MSNBC didn't tell you that.

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