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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by jonny5 View Post
    ...Bush is not responsible for the currents govt failure to deal with out of control entitlement spending.
    Sure, but what was his excuse for out of control entitlement spending when he was in office?
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    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Tettsuo View Post
    Clinton was the president. Thanks for playing.
    Spending, taxation, and the budget is controlled by Congress.
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
    "When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    What are those bubbles?
    The prices of bonds, real estate and equities in Europe and the US are all rather higher than the expected cash flow would justify. China certainly has a real estate and debt double bubble.

    Of course, bubbles do not necessarily pop, when you realize they are there. Greenspan noticed the first bubble years before it blew up. While bonds cannot easily double in price anymore, at least not German bonds, share prices could, like they did before the Dot.Com crisis. But with the Fed tightening the likelihood of nearing collapse rears its head.
    Last edited by joG; 11-08-14 at 06:23 AM.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by joG View Post
    The prices of bonds, real estate and equities in Europe and the US are all rather higher than the expected cash flow would justify. China certainly has a real estate and debt double bubble.

    Of course, bubbles do not necessarily pop, when you realize they are there. Greenspan noticed the first bubble years before it blew up. While bonds cannot easily double in price anymore, at least not German bonds, share prices could, like they did before the Dot.Com crisis. But with the Fed tightening the likelihood of nearing collapse rears its head.
    Makes sense to me.

    And does the pooling of wealth have anything to do with this? Just seems to me that it would be the very rich who are desperate for a place to park their money who cause bubbles. Maybe higher taxes on the uber weathy would prevent these types of bubbles.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    Makes sense to me.

    And does the pooling of wealth have anything to do with this? Just seems to me that it would be the very rich who are desperate for a place to park their money who cause bubbles. Maybe higher taxes on the uber weathy would prevent these types of bubbles.
    Anytime someone talks about redistributing wealth which means higher taxes on a particular class it is really disturbing. This country wasn't built on that but rather neighbor helping neighbor. Obama has promoted making the govt. that neighbor as has liberalism and that destroys incentive and creates greater dependence. There is no justification for a 3.9 trillion dollar Federal Govt. and therein lies the problem.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Anytime someone talks about redistributing wealth which means higher taxes on a particular class it is really disturbing. This country wasn't built on that but rather neighbor helping neighbor. Obama has promoted making the govt. that neighbor as has liberalism and that destroys incentive and creates greater dependence. There is no justification for a 3.9 trillion dollar Federal Govt. and therein lies the problem.
    Lower taxes on a particular income class is also redistribution. And complaining about the 47% could equally be considered "class warfare". It's just a matter of point of view.

    The poor and middle class have always gotten by by "neighbor vs neighbor". the rich get rich by redistribution from the poor and middle class - I would call that "neighbor vs neighbor"
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Anytime someone talks about redistributing wealth which means higher taxes on a particular class it is really disturbing. This country wasn't built on that but rather neighbor helping neighbor. Obama has promoted making the govt. that neighbor as has liberalism and that destroys incentive and creates greater dependence. There is no justification for a 3.9 trillion dollar Federal Govt. and therein lies the problem.
    My beginning questions to you on the economy will be picking your brain.
    I'm a science/math guy, not an econ expert.
    I found it very dry and gray, with theories not applicable to every new generation due to so many factors.

    With that, I recognize that the gains in jobs once again last month have a down side from your perspective.
    I'm aware of the stagnant wages for the middle class except for the very rich.

    Please pick up the ball and keep it rolling from there.
    I'm a quick learn when listening earnestly .
    Physics is Phun

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    Lower taxes on a particular income class is also redistribution. And complaining about the 47% could equally be considered "class warfare". It's just a matter of point of view.

    The poor and middle class have always gotten by by "neighbor vs neighbor". the rich get rich by redistribution from the poor and middle class - I would call that "neighbor vs neighbor"
    Let the people who earned the money decide where to spend it or send it rather than letting the govt. take it, subtract the administrative costs and create greater dependence. That was our Founders point of view when they promoted a limited Federal Govt. Don't understand how we got to the point we are today

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by NIMBY View Post
    My beginning questions to you on the economy will be picking your brain.
    I'm a science/math guy, not an econ expert.
    I found it very dry and gray, with theories not applicable to every new generation due to so many factors.

    With that, I recognize that the gains in jobs once again last month have a down side from your perspective.
    I'm aware of the stagnant wages for the middle class except for the very rich.

    Please pick up the ball and keep it rolling from there.
    I'm a quick learn when listening earnestly .
    The basic problem I have is that we have gone way too long for any kind of significant job gains and the reality is there are still far too many part time employees who want full time jobs, far too many discouraged workers, and an economy that isn't keeping up with population growth and personal demand. When the recession began in December 2007 there were 146.6 million Working Americans, today that number is 147.2 million with far too many of them part time. That isn't a strong economy, that isn't a pro growth economic policy, that is a stagnant economy generated by a President who lacks the experience for the job or even the understanding of how our economy works.

    Obama's problem is he is a community organizer who doesn't understand incentive and how to create jobs. It is the private sector that creates the jobs and it has been way too long for us to get back to the 2007 levels because Obama is a big govt. liberal who believes the govt. has the solutions when the govt. just creates the problem. There are four components to GDP with govt. spending normally about 20%. Obama doesn't understand that it is the consumers which constitute about 66% of the economy that generates the demand. More money in the hands of the consumer means greater demand created and that is why we have had stagnant growth and slow job creation

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Let the people who earned the money decide where to spend it or send it rather than letting the govt. take it, subtract the administrative costs and create greater dependence. That was our Founders point of view when they promoted a limited Federal Govt. Don't understand how we got to the point we are today
    Large sums of money acquired in a fairly short period of dime often aren't actually earned, it's just transfered from the production of others.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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