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Thread: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by The Prof View Post
    from 17.4 to 17.3?

    LOL!
    Source? Ten Char
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #132
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    why did the economy collapse despite the presence of decades of coherent macro stabilizers?

    why did it not only collapse, but collapse SO VERY, VERY FAR?

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    Did U6 (the number you seem all to happy to site) not fall in accordance as well?
    Did it? Show me

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by The Prof View Post
    why did the economy collapse despite the presence of decades of coherent macro stabilizers?

    why did it not only collapse, but collapse SO VERY, VERY FAR?
    From 1998-2008, the US financial system issued/created/sold etc... around $20 trillion worth of debt, and much of it was stamped AAA.

    We can site the removal of the Glass Steagall, real estate bubbles, investors not paying attention to Tobins Q, etc.....

    The bottom line: a perfect storm arose and guess what. We are all still here, and the parking lot @ Applebee's is always full on a Friday night (unless you are in Detroit). So say what you want about macro stabilizers, the fact of the matter remains.....

    Doing nothing would have been worse. How much worse? Think 1930's worse.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #135
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    Doing nothing would have been worse. How much worse? Think 1930's worse.
    You'll now go on for pages and pages and pages trying to avoid having to prove this is true.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    Did it? Show me
    Sure.........
    Attached Images Attached Images
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goobieman View Post
    You'll now go on for pages and pages and pages trying to avoid having to prove this is true.
    When monetary velocity falls dramatically, and foreign entities begin pouring trillions into US treasuries, it is safe to assume that collapse is eminent. Unless of course something is done.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    When monetary velocity falls dramatically, and foreign entities begin pouring trillions into US treasuries, it is safe to assume that collapse is eminent. Unless of course something is done.
    There's post #1 to that effect.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    The question no "so called" conservative will answer: Why is demand for US treasuries still considerably high? (bid to cover is over 2.25).

    If all this debt is unsustainable, why do banks and foreign entities continue to gobble it up?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goobieman View Post
    There's post #1 to that effect.
    If you have cannot provide a worthy critique, why bother replying?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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