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Joined: Sep 2005
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Pooh-Bah
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Pooh-Bah
Joined: Sep 2005
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Not really begging the question, Iss. Imagine what a 5-10% increase in the GDP would do for the overall economy. That would probably bring unemployment down, increase demand, break capital loose to invest in equipment, get corporations off the sidelines, bring investment back in and restore confidence. The increase in activity will then increase government revenues, the disastrous tax cuts then can be rolled back in 2012, we can then get on the road to reducing the deficits that the GOP saddled us with. After 5 years of continual growth, we can then fold the tent and disband the government, wot? Of course it would provide a short term stimulus -- not unusual when the can is kicked down the road -- but once it is spent (on consumable goods, debt relief, and perhaps put into savings by the better off folks) the economy will be either back where it started or even worse. There is no logical reason to assume that jobs will be created or companies will expand based on a short-term one-time injection of money at the consumer level. And, given your statement that it will only "probably" bring down unemployment, effective demand will be short-lived. So again, I ask, after it has been spent, what then? Yours, Issodhos
"When all has been said that can be said, and all has been done that can be done, there will be poetry";-) -- Issodhos
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Joined: Jun 2004
Posts: 21,134
Administrator Bionic Scribe
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Administrator Bionic Scribe
Joined: Jun 2004
Posts: 21,134 |
This entire affair is entirely bogus. There is no debt crisis, there is a truth crisis. I am now very clear this is just another stop on the road to fascism and the take over of every aspect of life by the wealthy.
I am not voting for Obama or any member of Congress who votes for anything other than a straight vote to extend the "debt ceiling". Anything else is just ripping us off for the uber rich.
I am so disgusted with the Democrats who have caved in on every single vote. There is no Democrat party, there are shades of Republicans.
I have not been this angry since LBJ's betrayal in 1966. Traitors all.
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame You are born naked and everything else is drag - RuPaul
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Joined: Aug 2008
Posts: 10,853
veteran
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veteran
Joined: Aug 2008
Posts: 10,853 |
' I have not been this angry since LBJ's betrayal in 1966. Traitors all. I quite agree with you, Phil---except that I have been outraged since September 11, 2001. It has been a long time.
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Joined: May 2005
Posts: 47,430 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,430 Likes: 373 |
All of the "politicians" making hooey out of raising the debt limit need to be made examples of next election cycle. - The House has already spent the money in sending budgets to any President for signature
- Defaulting on a payment is akin to ignoring your personal financial obligations, ie. not paying your car payment, not paying your electric bill - you already used the goods or service
Lastly, the 14th amendments states: The validity of the Unites States debt shall not be questioned. What part of all of the above do the Tea Partiers not understand? Oh, yes, I forgot, they're not too educated: ![[Linked Image from i48.photobucket.com]](http://i48.photobucket.com/albums/f228/ca_rickf/Teabonics2.jpg) , ![[Linked Image from i48.photobucket.com]](http://i48.photobucket.com/albums/f228/ca_rickf/Teabonics3.jpg) , ![[Linked Image from i48.photobucket.com]](http://i48.photobucket.com/albums/f228/ca_rickf/Teabonics4.jpg) , ![[Linked Image from i48.photobucket.com]](http://i48.photobucket.com/albums/f228/ca_rickf/Teabonics.jpg) ...but many elected Republicans and Democrats are just as bad...
Contrarian, extraordinaire
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Joined: May 2005
Posts: 47,430 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,430 Likes: 373 |
I quite agree with you, Phil---except that I have been outraged since September 11, 2001.
It has been a long time. Counseling and Lexapro 
Contrarian, extraordinaire
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Joined: May 2005
Posts: 47,430 Likes: 373
Member CHB-OG
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Member CHB-OG
Joined: May 2005
Posts: 47,430 Likes: 373 |
I am so disgusted with the Democrats who have caved in on every single vote. So where's the value in voting them back into Office?  We ALL need to vote for ANYONE, I mean ANYONE on a voter ballot that IS NOT a Republican or a Democrat. We need to make this a national movement, ie Facebook and Twitter
Contrarian, extraordinaire
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Joined: Aug 2008
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veteran
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veteran
Joined: Aug 2008
Posts: 10,853 |
I quite agree with you, Phil---except that I have been outraged since September 11, 2001.
It has been a long time. Counseling and Lexapro  The psychologists struggle to get people to adjust themselves to the world. The point, however, is to change the world. · · · 
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Joined: Sep 2005
Posts: 12,581
Pooh-Bah
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Pooh-Bah
Joined: Sep 2005
Posts: 12,581 |
Oh, yes, I forgot, they're not too educated: The 14th amendment nonsense aside, keep in mind that it is the "educated" folks what got us where we be, rick.;-) Yours, Issodhos P.S. But, to repeat myself: " Major corporations, organizations, and administration after administration have usually had the "Best and the Brightest" that the most prestigious centers of higher conditioning can offer, yet we routinely see these entities either sinking into bankruptcy or public bailout, or brought low by scandal or massive criminal fraud, or implementing policy blunder after policy blunder. The common thread is that it is these supposedly "Undumb" who consistently take others into the ethical and moral abyss. It is the plutocratic saints of intellect that leave us wallowing in disaster after disaster. Whereas these "Best and Brightest" sculpt self-gratifying grandiose policies that require the suborning of the masses, perhaps the "Unbest and the Unbrightest" could be selected by lottery and would at worst do no more poorly than our “Best and Brightest”, perhaps even engaging only in human-sized mischief – either in government or in its conjoined twin, Corpo-World. Of course, the “Best and the Brightest”, may be the “Undumbest” of a thoroughly dumb pool of “Unbest and Unbright” to select from – in which case, we are probably screwed.:-)"
Last edited by issodhos; 07/31/11 11:28 PM.
"When all has been said that can be said, and all has been done that can be done, there will be poetry";-) -- Issodhos
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Joined: Apr 2005
Posts: 1,499
member
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member
Joined: Apr 2005
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Hi Iss.
Ignorance Is Bliss!["donchaknow"!] And... "We" have "probably" been " screwed", already ."
------------------------------ You can fool some of the people all of the time and all of the people some of the time,but you can't fool all of the people all of the time.[A. Lincoln]
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Joined: Aug 2008
Posts: 10,853
veteran
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veteran
Joined: Aug 2008
Posts: 10,853 |
' The 14th amendment nonsense aside, keep in mind that it is the "educated" folks what got us where we be, rick. Well, or at least what passes for education in the United States.
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