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Thread: US Treasury asks Congress to lift debt ceiling

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by cholla View Post
    I believe that the economy would have started back months ago (if not a year) instead of starting with the retaking of the House (and the forced end of the Obama agenda). Remember, I am a real world, old school guy, not a, this number means this, this number means that, student.
    Ok mr real world

    How much deeper would the economic contraction been without the government deficit spending.


    If you say it would not have have been deeper then you are not a real word person, but a head in the clouds type
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Goldenboy219 View Post
    Fallacy number 1. Non-sequitor



    This is fallacy number 2, a weak (very weak) strawman. I have not claimed that the government always needs to run deficits, only during periods of economic contraction. Your hero's Reagan and Bush II followed the same economic policy, they increased government spending during recessions while lowering taxes (as did Obama).



    I can think of many things the government is good at: providing roads and bridges, national defense, providing police and fire rescue, etc....



    When consumption and investment fall, so will aggregate income unless government runs a deficit. GDP still contracted by about 3%, even though deficit spending increased by more than $1 trillion. You take the deficit spending away, and total output falls by (at least) $1 trillion.



    The economy is beginning to recover, and once private companies are capable of picking up the slack, the deficit will decrease by virtue of less unemployment benefits, food stamps, and welfare outlays.

    For comedic relief, define socialism as you see it.
    Govt. provides funds from taxpayers to American workers who build the roads. Those taxes come from the gasoline and diesel that the American drivers pay. I am amazed at how little some understand about our tax payments.

    The economy is beginning to recover but at what cost. It is the private sector economy that will grow the economy, not the Govt. spending. There are four components to GDP of which govt. spending is about 20%.

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Conservative View Post
    Learn how are roads are funded. Typical leftwing strawman.
    Quote Originally Posted by Conservative View Post
    Govt. provides funds from taxpayers to American workers who build the roads. Those taxes come from the gasoline and diesel that the American drivers pay. I am amazed at how little some understand about our tax payments.

    The economy is beginning to recover but at what cost. It is the private sector economy that will grow the economy, not the Govt. spending. There are four components to GDP of which govt. spending is about 20%.
    So the government can do something that isn't bad. Thank you for clarifying that since you claimed the opposite.

    By the way, I had not commented on how they where funded, which makes your straw man comment particularly amusing.
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Lord Tammerlain View Post
    Ok mr real world

    How much deeper would the economic contraction been without the government deficit spending.


    If you say it would not have have been deeper then you are not a real word person, but a head in the clouds type
    The 700 billion TARP fund saved the financial institutions. The 842 billion stimulus was a waste of dollars. TARP has been mostly repaid whereas the stimulus was money put down the rat hole. Had Obama cut taxes for the private sector instead of bailing out Unions the economy would have recovered a lot quicker at much lower costs.

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Redress View Post
    So the government can do something that isn't bad. Thank you for clarifying that since you claimed the opposite.

    By the way, I had not commented on how they where funded, which makes your straw man comment particularly amusing.
    What did the govt. do? Most of the tax money for the roads are collected and spent by the states. There are two types of Excise taxes on gasoline, state and Federal. State excise taxes fund local roads and bridges, federal excise taxes are to fund the interstate highway system.

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by cholla View Post
    I believe that the economy would have started back months ago (if not a year) instead of starting with the retaking of the House (and the forced end of the Obama agenda). Remember, I am a real world, old school guy, not a, this number means this, this number means that, student.
    So you are operating on the basis of good faith as opposed to tangible evidence? Good to know.
    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: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Conservative View Post
    The 700 billion TARP fund saved the financial institutions. The 842 billion stimulus was a waste of dollars. TARP has been mostly repaid whereas the stimulus was money put down the rat hole. Had Obama cut taxes for the private sector instead of bailing out Unions the economy would have recovered a lot quicker at much lower costs.

    Uhmm Obama did cut taxes:

    Tax cut for 95 percent? The stimulus made it so



    PolitiFact | Tax cut for 95 percent? The stimulus made it so

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Goldenboy219 View Post
    So you are operating on the basis of good faith as opposed to tangible evidence? Good to know.
    Tangible evidence like 4 million more unemployed since Obama took office and 3.5 trillion added to the debt? The American people got it in Nov. 2010 when will you?

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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Conservative View Post
    The 700 billion TARP fund saved the financial institutions. The 842 billion stimulus was a waste of dollars. TARP has been mostly repaid whereas the stimulus was money put down the rat hole. Had Obama cut taxes for the private sector instead of bailing out Unions the economy would have recovered a lot quicker at much lower costs.
    Which proves my point about government deficit spending does it not?
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    Re: US Treasury asks Congress to lift debt ceiling

    Quote Originally Posted by Conservative View Post
    What did the govt. do? Most of the tax money for the roads are collected and spent by the states. There are two types of Excise taxes on gasoline, state and Federal. State excise taxes fund local roads and bridges, federal excise taxes are to fund the interstate highway system.
    They instituted the tax, collected the money, hired the people to do the work. The issue is not how they collected the money, nothing I said had anything to do with that, but that the roads are a federal(and state) program that is good, despite your claim that the government is only good for creating debt. Roads are one example of something that the government does good with.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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