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Thread: Economists: Failure to raise debt limit could lead to recession

  1. #101
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    So this is pretty much your ideal economy huh?
    I never said that.

    Quote Originally Posted by Catawba View Post
    The impoverished are still impoverished, just a whole lot more of the middle class now swell their ranks thanks to the 30 year experiment with trickle down economics.
    Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame. The shrinking middle class has nothing to do with a failure of wealth to trickle down to them. The people are ultimately to blame for the out of control spending and wars its government engages in, the devaluation of their currency, and the ruinously low interest rates. In a democracy the people always get exactly what they deserve.

    And no amount of taxing the rich could have prevented this nor covered the deficits.
    Last edited by Spartacus FPV; 07-07-11 at 02:46 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  2. #102
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    Re: Economists: Failure to raise debt limit could lead to recession

    Obama has shown an inability to see and understand economic reality.

    He has made one major blunder followed by a larger one.

    A story came out that every news job cost us tax payers over $200,000 each and Obama wants to spend even more?

    You have to be a damn fool to claim Obama is anything other that a imbecilic idiot.

  3. #103
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean View Post
    Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.
    Yep, like I said, 30 years of trickle down economics.

    In a democracy the people always get exactly what they deserve.
    Yep, we have a representative government alright!

    And no amount of taxing the rich could have prevented this nor covered the deficits.
    It took 30 years of tax cuts and overspending to create our debt, it will take 30 years of tax increases and spending cuts to significantly address our debt.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #104
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean
    Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.
    Quote Originally Posted by Catawba View Post
    Yep, like I said, 30 years of trickle down economics.
    What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?

    Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.

    Quote Originally Posted by Catawba View Post
    It took 30 years of tax cuts and overspending to create our debt
    If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?

    It wasn't that we didn't tax enough, no amount of soaking the rich would have covered our deficits and that's even assuming they would produce at the same rates.

    Quote Originally Posted by Catawba View Post
    it will take 30 years of tax increases and spending cuts to significantly address our debt.
    Or a default.
    Last edited by Spartacus FPV; 07-07-11 at 03:05 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  5. #105
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean View Post
    Do you even know what Trickle Down Economics means?
    Yep, it is the economic system we have been operating under for the last 30 years.


    If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?
    If I am going into credit card debt, I don't give away part of my pay check and increase spending as we have been doing for the last 30 years.

    Or a default.
    It ain't happening, it would only worsen our financial situation.
    Last edited by Catawba; 07-07-11 at 03:15 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  6. #106
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Lachean View Post
    What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?

    Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.



    If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?

    It wasn't that we didn't tax enough, no amount of soaking the rich would have covered our deficits and that's even assuming they would produce at the same rates.



    Or a default.
    I won't be surprised if the republicans attempt to force a default. I don't know why they've gone crazy, nor do I care. But why do YOU advocate that they not be people of honor?

  7. #107
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by BDBoop View Post
    I really do. Whatcha got?


    http://www.politifact.com/truth-o-me...t-limit-when-/

    ...and since you completely dropped the Boehner point, I'm assuming you agree.
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Jeezy View Post


    http://www.politifact.com/truth-o-me...t-limit-when-/

    ...and since you completely dropped the Boehner point, I'm assuming you agree.
    Why are you so ... I don't know. This shouldn't be such a big deal but it feels like you're acting like a prosecuting attorney, and every time I post, you think you've scored a point. In this instance you did. Congratulations.

    /bewilderment

  9. #109
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by Catawba View Post
    Yep, it is the economic system we have been operating under for the last 30 years.
    No, that would be called Modified Capitalism. As I said, Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.

    "Trickle down economics" is not an "economic system" its what you "soak the rich" types call the notion that low tax rates help everyone.

    Quote Originally Posted by Catawba View Post
    If I am going into credit card debt, I don't give away part of my pay check and increase spending as we have been doing for the last 30 years.
    You've obviously missed my point entirely. I agree with you on the overspending, now address my points on the taxation.

    Quote Originally Posted by Catawba View Post
    It ain't happening, it would only worsen our financial situation.
    Yeah, what we really need is more of the poison that got us sick.

    I'm sure your advice to a person overwhelmed with credit card debt and have maxxed out their cards is to open up another card too, right?
    Last edited by Spartacus FPV; 07-07-11 at 03:25 AM.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  10. #110
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    Re: Economists: Failure to raise debt limit could lead to recession

    Quote Originally Posted by BDBoop View Post
    I won't be surprised if the republicans attempt to force a default. I don't know why they've gone crazy, nor do I care. But why do YOU advocate that they not be people of honor?
    What makes you think our politicians are people of honor in the first place? People of honor don't do this to their children's children.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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