Results 31 to 40 of 40
|
-
-
- Join Date
- Mar 2004
- Posts
- 3,323
-
- Join Date
- May 2008
- Location
- Locked in a Dungeon, being tortured and LOVING IT!
- Posts
- 8,164
07-28-2009, 12:36 AM
I was too young to vote for Reagan, and try and find one reference any where in all my post about him.
And on Bush, I agreed with much of what he tried to accomplish, but that doesn't mean I was a blind follower. I have said here many times I hated his over the top spending. And I have also stated he is the reason we lost power.
So your assertion that all conservatives support him is incorrect.
And no, large spending in absolutely not needed now.
To do large spending, one must do a few things.
Increase the debt by selling it to other nations willing to buy. And under Obama, we lost our AAA credit rating due to too much debt. That means future debt will cost more due to higher interest rates.
Also in this global downturn, there are fewer nations buying our debt. So Obama has cranked up the presses and is just printing the cash with nothing to back it up.
What will that do? Another larger recession with massive inflation. Same as we saw thanks to Carter doing the same under his administration. For the only way to equal out too much cash available in the market, is massive inflation with a recession.
But you state all you need to do is when we get hit by the inflation is suck the extra cash out of the system. Well how do you do that in the midle of a recession? Under Obama's theory, you just spend more to get the economy moving, which means more cash into the system, not less.Klaatu barada nikto
-
- Join Date
- May 2008
- Location
- Locked in a Dungeon, being tortured and LOVING IT!
- Posts
- 8,164
07-28-2009, 12:51 AM
If Deficits matter to you ...but Reagan/Bush and Bush Cheney say they don't matter, then why would you support them ?
I agree with the spending right now. No country on earth has come out of a recession like this without spending.
Because by the theory of spending now, (The Deficit doesn't matter) we can save the economy.
But also, when the economy is doing better, and looking at 20 trillion in deficits when its all said and done. How do you pay off that massive deficit?
Higher Taxes? Which kills the private sector, which causes another downturn as the private sector falls from too much burden of High taxes to pay off that debt that got racked up trying to save them in the first place.
So in ending, you too are saying Deficits don't matter because you have to send your way out of a recession.Klaatu barada nikto
-
- Join Date
- Jun 2005
- Location
- Woodland Park, Colorado, United States
- Posts
- 8,568
07-28-2009, 04:57 PM
Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
Ayn Rand
-
- Join Date
- Aug 2005
- Posts
- 22,891
-
- Join Date
- Jun 2009
- Posts
- 1,452
07-28-2009, 06:32 PM
100% wrong. The USA has not lost our AAA rating.
And ...Obama has added 1 trillion in debt.
Bush added over 5 trillion ... But you think we lost our rating because of Obamas debt ? ...LOL
But you state all you need to do is when we get hit by the inflation is suck the extra cash out of the system. Well how do you do that in the midle of a recession? Under Obama's theory, you just spend more to get the economy moving, which means more cash into the system, not less.
-
07-28-2009, 06:47 PM
hate to say it - but Satanica is right on one thing at least - we have not yet lost our AAA bond rating.
http://www.clippertoday.com/pages/fu...es_left_column
Now as for Obama's debt - yes he has only added $1 trillion in actual factual debt - SO FAR. We're only 6 months in to his presidency and we have trillions of debt looming based on his projected spending and the bail outs etc.
and even then none of these numbers take into account the raids on SS and how much that amounts to.Last edited by PoliCon; 07-28-2009 at 06:52 PM.
Stand up for what is right, even if you have to stand alone.
-
- Join Date
- Aug 2005
- Posts
- 22,891
07-28-2009, 07:19 PM
How do you explain this ?
China is dumping greenbacks as fast as they can for gold .
and these .If the dollar is sp strong why is China so nervous ?
...............................
Foreign Investment In The US Going Down
http://www.commoditynewscenter.com/a...C_Down_?page=1
................................
China tells U.S. to manage flood of dollars with care
http://www.reuters.com/article/topNe...51749620090728
............................
U.S. Assures ‘Concerned’ China It Will Shrink Deficit
http://www.forexfactory.com/news.php?do=news&id=185782
..........................
Top US officials seek to reassure Chinese
http://finance.yahoo.com/news/Top-US...html?x=0&.v=39
......................................
U.S.'s Geithner tells China to spend more at home
http://www.swissinfo.ch/eng/news/int...01866000&ty=ti
.................................
Red China: Beijing in uneasy embrace of the greenback
http://www.ft.com/cms/s/0/a2992d28-7...nclick_check=1
...........................
China to press US on the dollar and the deficit as talks start in Washington
http://www.telegraph.co.uk/finance/f...ashington.html
...................................
..........................
-
- Join Date
- May 2008
- Location
- Locked in a Dungeon, being tortured and LOVING IT!
- Posts
- 8,164
07-29-2009, 04:35 AM
Concidering the topic, thought this was fitting.
Found on mil.com
[IMG]file:///C:/Users/AMISHN%7E1/AppData/Local/Temp/moz-screenshot.jpg[/IMG]
Name todays politions in that 1934 political cartoon.Klaatu barada nikto
« Previous Thread | Next Thread » |
Breaking: BOMBSHELL Nunes...
Today, 05:58 PM in Political News and Commentary