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This Is Not The Time For Stimulus Spending[W:279]

Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
https://www.yahoo.com/finance/news/...wrong-for-us-economy-right-now-110539235.html


Lefties on here think that all times are OK for stimulus or infrastructure spending but this is clearly not the case. Inflation and interest rates are ticking up and the debt clock ticks closer to blowing up every day.
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Hey now, my investments make more money when interest rates go up. But yes, the spending has to stop, where the heck do people think the money is going to come from, raise taxes to 50%, maybe it is getting close to the time for a reform of our government, before we go bankrupt, oh wait, too late.
 
Re: This Is Not The Time For Stimulus Spending

Casper said:
Hey now, my investments make more money when interest rates go up. But yes, the spending has to stop, where the heck do people think the money is going to come from, raise taxes to 50%, maybe it is getting close to the time for a reform of our government, before we go bankrupt, oh wait, too late.
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According to MMT'rs we can print all the money we want to pay the nation's bills and debt so no need to worry and according to other lefties we can raise taxes on the rich and all of our troubles will just go away.
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
According to MMT'rs we can print all the money we want to pay the nation's bills and debt so no need to worry and according to other lefties we can raise taxes on the rich and all of our troubles will just go away.
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Polyanna, pie in the sky, chicken in every pot. We need to take back with taxes the stimulus that went to banks and Wall Street and spend that money on a Renewable Energy infrastructure that moves us into a no-carbon future. Subsidize small agriculture, not big ag. Subsidize small scale distribution of ag products. Generate LOCAL economic, not Mega corporations. Make drugs a competitive market, not freeloading off the system. I'm not bitching, I'm offering suggestions.
 
Re: This Is Not The Time For Stimulus Spending

THat is what is being pushed, any country that has the ability to add debt is being pushed to do infrastructure spending as a means to keep the global economy from crashing.

These boys and girls are desperate.

The jig is about up.




https://www.imf.org/en/News/Articles/2015/09/28/04/53/sores093014a
 
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Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
According to MMT'rs we can print all the money we want to pay the nation's bills and debt so no need to worry and according to other lefties we can raise taxes on the rich and all of our troubles will just go away.
Click to expand...

When then nothing can go wrong, oh wait...........never mind.
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
https://www.yahoo.com/finance/news/...wrong-for-us-economy-right-now-110539235.html


Lefties on here think that all times are OK for stimulus or infrastructure spending but this is clearly not the case. Inflation and interest rates are ticking up and the debt clock ticks closer to blowing up every day.
Click to expand...

That is true. We do not need stimulus now, though, we would, had we reduced the debt and tightened monetary policy, when the economy picked up. But there is not enough cash in the money jar to be so proactive. We have to wait and see, if the bottom falls out.
 
Re: This Is Not The Time For Stimulus Spending

joG said:
That is true. We do not need stimulus now, though, we would, had we reduced the debt and tightened monetary policy, when the economy picked up. But there is not enough cash in the money jar to be so proactive. We have to wait and see, if the bottom falls out.
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So tell us, how much cash is left in the federal money jar?
 
Re: This Is Not The Time For Stimulus Spending

PeteEU said:
And what should the US do instead?
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Instead of what? Public spending on infrastructure? Privatise it, of course. It should have been long ago and now that technology makes payments individualization so cheap and efficient?
 
Re: This Is Not The Time For Stimulus Spending

JohnfrmClevelan said:
So tell us, how much cash is left in the federal money jar?
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That is a rather silly question at this level of discussion. But you know that.
 
Re: This Is Not The Time For Stimulus Spending

joG said:
That is a rather silly question at this level of discussion. But you know that.
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How is it a silly question? You have somehow determined that we are close to being out of money, and you have made your policy choice based on that. That is silly, especially when you can't really say that the Feds are "almost out of money."
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
According to MMT'rs we can print all the money we want to pay the nation's bills and debt so no need to worry and according to other lefties we can raise taxes on the rich and all of our troubles will just go away.
Click to expand...

It's a wondrous world out there.
 
Re: This Is Not The Time For Stimulus Spending

JohnfrmClevelan said:
How is it a silly question? You have somehow determined that we are close to being out of money, and you have made your policy choice based on that. That is silly, especially when you can't really say that the Feds are "almost out of money."
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I have read some of the things you say and deem it a waste of time to debate with you as you do not listen to economics and believe in a perpetuum mobile.
 
Re: This Is Not The Time For Stimulus Spending

PeteEU said:
And what should the US do instead?
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Do for what? The economy is growing and unemployment is closing in on full employment. We don't need any stimulus spending. We need to get our deficit under control without causing a pull back. Localities and private industry should be responsible for any infrastructure spending and renewable energies, not the federal government.
 
Re: This Is Not The Time For Stimulus Spending

JohnfrmClevelan said:
So tell us, how much cash is left in the federal money jar?
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Well, we all now your answer to that. The money jar is constantly refilled by a 24/7 printing press.
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
Do for what? The economy is growing and unemployment is closing in on full employment. We don't need any stimulus spending. We need to get our deficit under control without causing a pull back. Localities and private industry should be responsible for any infrastructure spending and renewable energies, not the federal government.
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So in other words, you dont want any infrastructure spending or renewable energy or similar .. because no way in hell that the private industry will do that.
 
Re: This Is Not The Time For Stimulus Spending

joG said:
Instead of what? Public spending on infrastructure? Privatise it, of course. It should have been long ago and now that technology makes payments individualization so cheap and efficient?
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So got any examples privatized funded infrastructure that worked? Just curious... cause the private toll road near here... damn expensive to go on, and that is even with the partial EU funding that went to pay for it..
 
Re: This Is Not The Time For Stimulus Spending

joG said:
I have read some of the things you say and deem it a waste of time to debate with you as you do not listen to economics and believe in a perpetuum mobile.
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And you have been unable to successfully counter my points. I know why you don't want to get into a discussion.
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
Do for what? The economy is growing and unemployment is closing in on full employment. We don't need any stimulus spending. We need to get our deficit under control without causing a pull back. Localities and private industry should be responsible for any infrastructure spending and renewable energies, not the federal government.
Click to expand...

We have a third world passenger rail system which is rotting fast, we have crap water systems many of which need nearly complete replacement, we have an electric grid that needed a lot of work BEFORE we set up so much solar, 20% of our interstates need rebuilding/resurfacing, 600,000 bridges should be upgraded or replaced.....

America's Infrastructure Needs Repair | National News | US News

There is work to be done.

New Jersey Transit, a Cautionary Tale of Neglect
The swift decline of one of the nation’s busiest commuter railroads is a story of failures and mismanagement, and ominous for mass transit systems across the country.
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New Jersey Transit, a Cautionary Tale of Neglect - The New York Times

Has anyone been watching DC Metro Rail? Brand new in the 1970's, allowed to rot to the point that it has major safety and reliability problems, needs tons of work (money).
 
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Re: This Is Not The Time For Stimulus Spending

PeteEU said:
So in other words, you dont want any infrastructure spending or renewable energy or similar .. because no way in hell that the private industry will do that.
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I'm not so sure about that, that is what investors do - invest. Let a company build a bridge, giving lots of private sector jobs and put tolls on the bridge to pay the investors back. But, the first part of my post mentioned localities paying for infrastructure instead of the federal government, something many localities already do now. You totally ignored what I said there.
 
Re: This Is Not The Time For Stimulus Spending

Hawkeye10 said:
We have a third world passenger rail system which is rotting fast, we have crap water systems may of which need nearly complete replacement, we have an electric grid that needed a lot of work BEFORE we set up so much solar, 20% of our interstates need rebuilding/resurfacing, 600,000 should be upgraded or replaced.....

America's Infrastructure Needs Repair | National News | US News

There is work to be done.
Click to expand...

Please point out in my posts where I said we do not need them done. I merely said they should either be paid for or let localities put these things on their charge card instead of the federal governments, or better yet let some private industry do the work.
 
Re: This Is Not The Time For Stimulus Spending

Moderate Right said:
Please point out in my posts where I said we do not need them done. I merely said they should either be paid for or let localities put these things on their charge card instead of the federal governments, or better yet let some private industry do the work.
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The numbers dont work, state and local government does not have taxing power to pay their current obligations, much less new ones.
 
Re: This Is Not The Time For Stimulus Spending

Hawkeye10 said:
The numbers dont work, state and local government does not have taxing power to pay their current obligations, much less new ones.
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My area just built two new bridges with tolls.
 
Re: This Is Not The Time For Stimulus Spending

Hawkeye10 said:
The numbers dont work, state and local government does not have taxing power to pay their current obligations, much less new ones.
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EDIT: I live in WA State, one of the better off states economically in this era where the haves get more and the have nots get less....all the government agencies here are broke, there is no many, and as promised differed wages to state employees increasingly come due there will be even less money to go around.

America is about to hit a debt and promises wall.

There is no where nears enough money.
 
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