"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the ******* irony in that." - Justin Halpern
All one needs do is look at those Keynesian Economics played out in Chicago, L.A. and Detroit, Baltimore, New York.....huh? Actually out of 300 Worldwide cities and with the US having the Most 76 and not one of them recovering last year or the year before. Pretty much says it all about the Democrats and their ridiculous spending and waste. Even moreso since Obama declared the Recession over in 2009. The net result.....huh?
WASHINGTON (Reuters) - Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city.
Knoxville is a member of a very small club. Three and a half years since the 2007-09 economic recession ended, only three major U.S. metropolitan areas are experiencing an economic recovery, according to the Brookings Institution. <<<<<
The Washington-based research group has also deemed Dallas and Pittsburgh in recovery after analyzing their employment levels and gross domestic product per capita.
The United States has the most major metropolitan economies of all countries - 76 - according to an annual report on the 300 largest metropolitan economies worldwide that Brookings released on Friday.
"It was still better than last year when the U.S. had no metro recoveries," Brookings Associate Fellow Emilia Istrate said.
"People always want to know what metros are recovering, what they are doing, so they can replicate it. There is no single industry that can help, but there is an industrial structure that can help you grow year to year," she said. "More and more metropolitan areas are looking at the export sector, at foreign investors, at infrastructure."
Any improvements could take a while to impact budgets, said Christy McFarland, who researches fiscal issues for the National League of Cities.....snip~
When the Right has had no Control. Can they be blamed for over 60 - 75 yrs of failed Keynesian Economics that never worked. Course the reality of the last 4 years is quite different especially with all of those 76 cities. Do you think being last on the list 4 years Prior helped the these three? Other than Dallas that is.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
So again the Debt Ceiling issue is far more the sticking point and making sure Obama doesn't expand that Executive Power.
The point is that it and Medicare are self funded through FICA, so your "2/3 of spending" or whatever .....is covered. They are NOT contributors to the debt....and ACTUALLY....since the doubling of the FICA rates by none other than Saint Ronnie at the the behest of of Saint Greenspan, it has created a surplus that has been used in the general funding of govt.....which is another fact that you cons ALWAYS forget about when you whine about "half not paying federal income taxes".
PS...here is some Krugman for you:
“ [T]here is a long-run financing problem. But it's a problem of modest size. The [CBO] report finds that extending the life of the Trust Fund into the 22nd century, with no change in benefits, would require additional revenues equal to only 0.54 percent of G.D.P. That's less than 3 percent of federal spending — less than we're currently spending in Iraq. And it's only about one-quarter of the revenue lost each year because of President Bush's tax cuts — roughly equal to the fraction of those cuts that goes to people with incomes over $500,000 a year. Given these numbers, it's not at all hard to come up with fiscal packages that would secure the retirement program, with no major changes, for generations to come."
It's the people's concious decision to watch the media they choose to and it's not because of the edge of the media IMO.
Senate Minority Leader Mitch McConnell (R-KY) wanted to prove on Thursday that Democrats don’t have the votes to weaken Congress’ authority on the debt limit. Instead they called his bluff, and he ended up filibustering his own bill.
The legislation, modeled on a proposal McConnell offered last year as a “last-choice option” to avert a U.S. debt default, would permit the president to unilaterally lift the debt ceiling unless Congress mustered a two-thirds majority to stop him.
McConnell brought up the legislation Thursday morning. Senate Majority Leader Harry Reid (D-NV) initially objected, seemingly proving the Republican leader’s point that it cannot pass the Senate. But then Reid ran it by his members and, in the afternoon, agreed to hold that same vote. This time it was McConnell who objected.
“The Republican leader objects to his own idea,” Reid declared on the floor. “So I guess we have a filibuster of his own bill.”
It is just allowing a temporary tax cut to expire.
When the Bush tax cuts were first passed they were temporay cuts and had a "sunset" attached to them.
read more:Many of these tax cuts were enacted with sunset provisions, meaning they were embedded with predetermined expiration dates, many of which are coming up in 2011 and 2012. These sunset provisions were placed in the tax laws in some cases to garner enough legislative support to get the bills passed, or to get around rules that existed on cutting revenue without passing an offsetting spending cut.
How Will The Expiring Bush Tax Cuts Affect You? - Forbes.com