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Thread: G20 summit agrees on deficit cuts by 2013

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    G20 summit agrees on deficit cuts by 2013

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    BBC News - G20 summit agrees on deficit cuts by 2013

    Quote(Leaders at the G20 summit in Canada have reached agreement on a deal to cut national budget deficits without stunting economic growth.

    Summit host Prime Minister Stephen Harper said the group's richest members should halve their deficits within three years.

    Correspondents note that every major G20 country had already committed to that target before the summit.)

    In other words just a glorified waste of time.

    Quote(Proposals for a global levy on banks have been dropped, Mr Harper said.)

    Happy to see there were sensible people there.

    Quote(US President Barack Obama warned against fast and deep budget cuts, fearing damage to global growth.)

    More likely fearful of damage to his spend spend spend scheme to inure rest of world in mounting debt!

    Quote(But European members, including the UK, France, and Germany, have already led moves to slash record public deficits, despite opposition from the United States which is saddled with a $1.3tn debt.)

    Good for them.

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    Re: G20 summit agrees on deficit cuts by 2013

    So are you under the impression that this was all they talked about? All this for a five minute conversation?

    You don't think they maybe talked about other things too, or maybe some methods as to how to go about such deficit cutting?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: G20 summit agrees on deficit cuts by 2013

    That article was pretty worthless. No discussion of how they intend to reduce spending without hurting growth. At least they finally recognized banking asset tiers (Basel Accords) need to be updated. But not much of substance in that article.
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    Re: G20 summit agrees on deficit cuts by 2013

    Nice to see that they had to turn the city of Toronto go into a martial law, that cost the city over 1.2 BILLION, did NOTHING to stop the 'anarchists', for a convention that accomplished nothing except the promise to give money to Africa, which most of the time happens through the IMF which gives the money as a 'loan' that is beyond loan shark rates so that it can never be paid back... then, when the country fails on it's 'obligations' the IMF gets to come in and takeover control of the infrastructure of these poor countries... suck the profits untill the infrastructure falls apart and then gives it back to the people. Or like the case of Greece, they are just having Greece sell off many of their tourist islands....

    Sorry for the rant...

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    Re: G20 summit agrees on deficit cuts by 2013

    Here is my problem with Obama's press conference, after the summit ended, which I saw in its entirety. He talks a good talk, but there was something missing - Namely details. He did not explain how he was going to create more jobs, while slashing the deficit. He only said that he was going to do it. OK, at least he has good intentions, but the proverbial road to hell is paved with those.
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    Re: G20 summit agrees on deficit cuts by 2013

    Quote Originally Posted by danarhea View Post
    Here is my problem with Obama's press conference, after the summit ended, which I saw in its entirety. He talks a good talk, but there was something missing - Namely details. He did not explain how he was going to create more jobs, while slashing the deficit. He only said that he was going to do it. OK, at least he has good intentions, but the proverbial road to hell is paved with those.
    So, this is the first president you've ever watched give a press conference, eh?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: G20 summit agrees on deficit cuts by 2013

    Nope, and I stand by what I stated. I wanted details. I got squat. So, how is Obama going to do it?

    At least Bush gave details. I might not have liked the details at all, but at least he let me know u[ front how he was screwing us all. Obama is screwing us stealthily, and most of the Democrats are just laying back and enjoying it. LOL.
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    Re: G20 summit agrees on deficit cuts by 2013


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    Re: G20 summit agrees on deficit cuts by 2013

    Obama was the only leader at the table laughing hysterically internally at the absurdity of "deficit reduction".

    He intends to do absolutely nothing of the sort.

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    Re: G20 summit agrees on deficit cuts by 2013

    Quote Originally Posted by ptif219 View Post
    thanks for the video
    i believe he couched his discussion about paygo as indicating it is something which is now affecting the budget decision process for out years while recognizing our current economic circumstance causes a need for stimulus spending which is counter to paygo objectives
    i liked that he noted the tax system is unfair in many ways ... hope that foreshadows an intent to implement a major overhaul
    also appreciated that he plans to effect hard caps for many federal programs and alluded to some nebulous belt tightening recommendations in the future
    what i would want that to mean is that those who are calling for fiscal responsibility will step up and show it when he makes significant proposed cuts to our very costly and very expensive military as well as modifications to the various entitlement programs
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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