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Explaining Why Federal Deficits Are Needed[W:5330]

Kushinator said:
When the currency is no longer able to purchase goods and services. How does this happen? When the production of the economy is no longer able to facilitate investment, deficit spending, and credit.
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We would have a lot of worries before the currency actually got to the point of being insolvent.
 
Conservative said:
Bush didn't lose Private Sector jobs when he had a Republican Congress. Only when the Democrats took control did we go into recession and it took the GOP to retake Congress before the economic results returned to pre recession levels.
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The Democrats taking control didn't cause the recession and nothing they did once they got control didn't cause the recession either. The recession was caused by the dramatic weakening of underwriting standards for subprimes beginning in 2004. It was a slow-motion trainwreck in the works since late 2003.
 
Incisor said:
The Democrats taking control didn't cause the recession and nothing they did once they got control didn't cause the recession either. The recession was caused by the dramatic weakening of underwriting standards for subprimes beginning in 2004. It was a slow-motion trainwreck in the works since late 2003.
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That is your opinion and nothing is ever going to change your mind as you go through life by being wrong on another subject. Your BDS is a serious condition that inflects only the far leftwing zealots who don't truly want honest, objective data and results. It really is sad to see someone so poorly informed continuing to make a fool of themselves
 
Conservative said:
Trump voters will earn the benefits by Trump getting rid of Obama executive orders and getting things like the Keystone Pipeline back on track. Fraud is the true description of liberal social engineering
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The KXL pipeline will cost us more than it will ever be worth.
 
Conservative said:
That is your opinion and nothing is ever going to change your mind as you go through life by being wrong on another subject. Your BDS is a serious condition that inflects only the far leftwing zealots who don't truly want honest, objective data and results. It really is sad to see someone so poorly informed continuing to make a fool of themselves
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It's not my opinion, it's fact. The fact is that there was a sudden surge in subprime lending beginning in 2004 that continued through 2007. That is what caused the collapse. It's funny, Conservatives like to pretend Bush never happened but go apoplectic if his name is even mentioned. Well, we'll stop bringing up Bush once Conservatives take responsibility for him and what happened when they controlled everything.
 
Incisor said:
It's not my opinion, it's fact. The fact is that there was a sudden surge in subprime lending beginning in 2004 that continued through 2007. That is what caused the collapse. It's funny, Conservatives like to pretend Bush never happened but go apoplectic if his name is even mentioned. Well, we'll stop bringing up Bush once Conservatives take responsibility for him and what happened when they controlled everything.
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No, the only fact is the bubble burst under Bush, the true facts are and all the non partisan reports show those relaxing of standards on loans DIDN'T CAUSE THE BUBBLE. Your economic ignorance is staggering.
 
Conservative said:
Your opinion noted but like with most issues this is another you have no understanding of and are wrong
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The cost of refining the sludge in Alberta is more than the cost of the sludge itself. Also, why do you think they want to connect the Alberta sludge to the Gulf Coast (the point of KXL)? To sell it to foreign countries. It won't create a single job here and may actually raise energy prices because of increased demand. Secondly, here's what TransCanada (the company building the pipeline) said its effects on prices would be right from their own permit application:

“Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
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So what means is right now, there is a surplus of sludge. That's what is keeping those prices low. If the pipeline is built, that surplus disappears because it can be sold anywhere in the world if it gets down to the Gulf Coast. So by arguing for KXL, all you're doing is arguing for higher energy prices. What is it with Conservatives and erasing surpluses anyway?
 
Incisor said:
The cost of refining the sludge in Alberta is more than the cost of the sludge itself. Also, why do you think they want to connect the Alberta sludge to the Gulf Coast (the point of KXL)? To sell it to foreign countries. It won't create a single job here and may actually raise energy prices because of increased demand. Secondly, here's what TransCanada (the company building the pipeline) said its effects on prices would be right from their own permit application:



So what means is right now, there is a surplus of sludge. That's what is keeping those prices low. If the pipeline is built, that surplus disappears because it can be sold anywhere in the world if it gets down to the Gulf Coast. So by arguing for KXL, all you're doing is arguing for higher energy prices. What is it with Conservatives and erasing surpluses anyway?
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We are about to see which of us is right. Your total leftwing ideology went down to defeat so get used to seeing more pro growth activity.
 
Conservative said:
No, the only fact is the bubble burst under Bush, the true facts are and all the non partisan reports show those relaxing of standards on loans DIDN'T CAUSE THE BUBBLE. Your economic ignorance is staggering.
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No reports say that. And furthermore, are you kidding me?? Bush's own Working Group on Financial Markets said the turmoil was caused by a dramatic weakening in lending standards for subprime loans, beginning in 2004 and extending into 2007. So that's Bush telling you what the cause was. To deny that junky subprime loans were responsible for the market collapse is just delusion.
 
Conservative said:
We are about to see which of us is right. Your total leftwing ideology went down to defeat so get used to seeing more pro growth activity.
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I am right. TransCanada even said themselves that the price for that sludge is going to increase. Why else would they want to build the pipeline if not to drive up the price by opening it up to foreign buyers??
 
Conservative said:
Your total leftwing ideology went down to defeat so get used to seeing more pro growth activity.
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Wow...so do the economics suddenly not make sense to you now? Rather than try to argue that it would somehow create jobs and lower energy prices, you just deflect to this. Weak sauce.
 
Incisor said:
No reports say that. And furthermore, are you kidding me?? Bush's own Working Group on Financial Markets said the turmoil was caused by a dramatic weakening in lending standards for subprime loans, beginning in 2004 and extending into 2007. So that's Bush telling you what the cause was. To deny that junky subprime loans were responsible for the market collapse is just delusion.
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I suggest you read the President's working groups actual words instead of inserting you own, the turmoil caused the bubble to burst didn't cause the bubble. Here we are 12 years later and all you can do is continue to blame bush alone. Take a civics class please
 
Incisor said:
I am right. TransCanada even said themselves that the price for that sludge is going to increase. Why else would they want to build the pipeline if not to drive up the price by opening it up to foreign buyers??
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No, you are wrong, spent 35 years in the oil business and you are completely and totally wrong. The price of sludge is going to be offset by the thousands of jobs created and the pro growth economic activities generated from the pipeline
 
Incisor said:
Wow...so do the economics suddenly not make sense to you now? Rather than try to argue that it would somehow create jobs and lower energy prices, you just deflect to this. Weak sauce.
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It is hard keeping someone as leftwing and wrong as you out of any post. How does keeping the Keystone Pipeline from proceeding impact economic activity?
 
Conservative said:
I suggest you read the President's working groups actual words instead of inserting you own, the turmoil caused the bubble to burst didn't cause the bubble. Here we are 12 years later and all you can do is continue to blame bush alone. Take a civics class please
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How about you summarize for all of us then, what this statement means:
“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
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Now words don't mean what they mean, apparently.
 
Conservative said:
No, you are wrong, spent 35 years in the oil business and you are completely and totally wrong. The price of sludge is going to be offset by the thousands of jobs created and the pro growth economic activities generated from the pipeline
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LOL! I'm not the one saying the price of the sludge is going to rise, TransCanada is. The reason is obvious...right now, they can only sell that sludge to the US. There's so much of it, that it's actually oversupplied. Do you know what that means? Do you also know what happens when an oversupply is erased? Prices rise. So all that sludge that we get so cheap right now will skyrocket up in price as soon as it can be bought by foreign countries. Which is the whole point behind the pipeline. So it doesn't create jobs, it doesn't reduce oil prices. All it does is hike our energy prices. Why do you support everyone paying more for energy for the sake of corporate profits? That makes no sense.
 
Conservative said:
It is hard keeping someone as leftwing and wrong as you out of any post. How does keeping the Keystone Pipeline from proceeding impact economic activity?
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For one, stopping it prevents oil prices from rising which, in turn, doesn't harm the economy. If oil prices do rise as TransCanada says they will, those higher costs will negatively affect the economy by making transportation of goods more expensive. Higher energy prices = less consumption.
 
Incisor said:
How about you summarize for all of us then, what this statement means:


Now words don't mean what they mean, apparently.
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Triggered meaning the bullets were already in the gun and the bubble burst. You simply do not understand basic civics at all nor actual independent studies on the crisis. Interesting how much power Bush had to create the problem and how little power Obama had to generate the worst recovery from a major recession in history
 
Incisor said:
For one, stopping it prevents oil prices from rising which, in turn, doesn't harm the economy. If oil prices do rise as TransCanada says they will, those higher costs will negatively affect the economy by making transportation of goods more expensive. Higher energy prices = less consumption.
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You have no idea what the Keystone Pipeline is going to generate in economic activity.
 
Conservative said:
That is your opinion and nothing is ever going to change your mind as you go through life by being wrong on another subject. Your BDS is a serious condition that inflects only the far leftwing zealots who don't truly want honest, objective data and results. It really is sad to see someone so poorly informed continuing to make a fool of themselves
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The left is just fine with their cherry picked facts. No need for any other facts.
 
Incisor said:
The KXL pipeline will cost us more than it will ever be worth.
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I find this funny. The left is real big on spending on infrastructure and even putting it on Uncle Sam's charge card, claiming that it gives people jobs and grows the economy. But, the Keystone pipeline won't do this.
 
Conservative said:
Triggered meaning the bullets were already in the gun and the bubble burst.
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Ummm...the bullets, in this case, are the subprimes that had "dramatically weakened" standards. That's why they say the economic crisis was triggered by the sudden surge in subprime lending. Funny how you can't even understand what words mean.
 
Conservative said:
We are about to see which of us is right. Your total leftwing ideology went down to defeat so get used to seeing more pro growth activity.
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But, but, but the goal is to get people on government programs.
 
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