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Thread: November Deficit Highest on Record

  1. #161
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Another good thing to give him credit for.
    He was given a "peace dividend" by Reagan

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    Re: November Deficit Highest on Record

    Quote Originally Posted by Conservative View Post
    Yet you distort the numbers to serve your point of view using the wrong data and then never telling the rest of the story. That to me is something a true cult follower does. I remember to this day when I realized that liberalism was a total and complete failure and how it was creating dependence. I wanted no part of it and wondered why it took me so long to realize what a fool liberalism was making out of me. I am confident that it will happen to you someday.
    so now you do not like your own numbers anymore?

    This is really getting confusing and you should really stick to one position with one set of numbers if you like them so well.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    so now you do not like your own numbers anymore?

    This is really getting confusing and you should really stick to one position with one set of numbers if you like them so well.
    I love my numbers, get someone to help you read them

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    1992 117978 117753 118144 118426 118375 118419 118713 118826 118720 118628 118876 118997
    1993 119075 119275 119542 119474 120115 120290 120467 120856 120554 120823 121169 121464
    1994 121966 122086 121930 122290 122864 122634 122706 123342 123687 124112 124516 124721
    1995 124663 124928 124955 124945 124421 124522 124816 124852 125133 125388 125188 125088
    1996 125125 125639 125862 125994 126244 126602 126947 127172 127536 127890 127771 127860
    1997 128298 128298 128891 129143 129464 129412 129822 130010 130019 130179 130653 130679
    1998 130726 130807 130814 131209 131325 131244 131329 131390 131986 131999 132280 132602
    1999 133027 132856 132947 132955 133311 133378 133414 133591 133707 133993 134309 134523
    2000 136559 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
    2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047

  4. #164
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Gimme a freakin' break. Is there any doubt that if the numbers were in your favor you righties would trumpet them and damn any other reasons or explanations?
    Yes. Believe it or not, I don't make stupid arguments about how the loss of jobs over the past few years automatically proves that Obama is terrible. Just because you're a partisan hack doesn't mean that everyone else is as well.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Another good thing to give him credit for.
    cutting military in half is good? You need help

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    Re: November Deficit Highest on Record

    Quote Originally Posted by reefedjib View Post
    Tell us a little more about that!
    IMO, it would look basically like South Korea circa 1997 with a mix of China's state firms and their plethora of non-performing loans. While that was private banks, the effect would be the same. In South Korea circa 1997 lending was cheap to the point where it was profitable for firms to rely on 3 month revolving lines of credit to finance their operations. Eventually when the Asian Financial Crisis hit and massive amounts of money fled the country, banks couldn't keep the lines of credit open and promptly caused massive cash flow and bankruptcy problems across South Korea. Direct government lending would mirror this as it would be exceedingly loose, low rates and easily renewable. But eventually something is going to cause this to end and with it, it will take all of the firms reliant upon that financing. Direct lending will in effect boost activity. But the cost down the road is extensive.

    China has for years kept employment artificially high by effectively direct government lending through the large industrial banks to state owned enterprises. These banks have hundreds of billions of non-performing loans on their books. Sure it keeps lots of people employed and creates artificial demand by keeping bad companies going and thereby boosting aggregate demand. But when the NPL apocalypse comes calling, it's the end.

    In the end, direct government lending will result in lots of bad loans and serious cashflow problems for those reliant on those financing.

    What are the bigger problems it causes down the line (run a higher deficit, balloon the debt, devalue the dollar, struggle with selling govt bonds and T-bills?)?
    A higher deficit may be an outcome, but if the profitable loans are paying for the non-profitable the net outcome to the deficit may be zero. Hard to say. Devaluation of the dollar would be likely as the rate charged would be below market. Funneling in large amounts of cash at low rates isn't going to be good for the dollar. As for debt, depends on the profitability of the overall program.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by RightinNYC View Post
    Yes. Believe it or not, I don't make stupid arguments about how the loss of jobs over the past few years automatically proves that Obama is terrible. Just because you're a partisan hack doesn't mean that everyone else is as well.
    True, but in this case, hayward's opponent is indeed a hack. The problem with Conservative and Hayward is that they are dumbing down economics to suit their arguments to the point where their discussion has no value whatsoever. Both seem to hold the truly asinine argument that economics is a simple science.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: November Deficit Highest on Record

    Quote Originally Posted by ptif219 View Post
    cutting military in half is good? You need help
    no - the country and right wingers do.

    Conservative... okay - I read the line incorrectly. So by this chart its still 18 million more than we had in the last decade with the Bush tax cuts.

    I will take that any day of the week.

    If anybody created 18 million more jobs today it would be heralded as a miracle.... and then leaving the nation with a surplus would be a double miracle.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by obvious Child View Post
    True, but in this case, hayward's opponent is indeed a hack. The problem with Conservative and Hayward is that they are dumbing down economics to suit their arguments to the point where their discussion has no value whatsoever. Both seem to hold the truly asinine argument that economics is a simple science.
    You know, OC, if I never get another response from you it won't matter a bit in my life. Would love to put my results up against yours but we know that isn't possible on line, don't we? This Thread is about the Nov. 2010 deficit being the highest on record and has nothing to do with your comments.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    no - the country and right wingers do.

    Conservative... okay - I read the line incorrectly. So by this chart its still 18 million more than we had in the last decade with the Bush tax cuts.

    I will take that any day of the week.

    If anybody created 18 million more jobs today it would be heralded as a miracle.... and then leaving the nation with a surplus would be a double miracle.
    Of course you will because you don't understand that the Clinton tax increase led to a Republican Congress and repeal of most of those taxes and you further ignore that since Obama took office he has added 3 trillion to the debt with November 2010 being the highest on record and that is almost 2 years after Bush left office. Now that is a liberal record to be proud of, isn't it?

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