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How the U.S. Surplus became a deficit (spreading the blame)

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How the U.S. Surplus became a deficit (spreading the blame)

Old 06-10-2009, 06:04 AM
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How the U.S. Surplus became a deficit (spreading the blame)

http://www.nytimes.com/2009/06/10/bu...nhardt.html?hp

Note: I know it's the new york times. And its written by David Leonhardt, who obviously leans quite left of center. So take it with a grain of salt. It will be interesting to see if any bloggers do their own calculations based on CBO data and what calculations they come to.

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Old 06-10-2009, 06:10 AM
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Old 06-10-2009, 07:59 AM
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I thought we were done pointing fingers? When do we get more than the following options to fix it:

1) Throw arbitrary amounts of money it (covering a herpes sore with lots of makeup)

2) Step back, point fingers yelling "I told you so!" (hide in the house [if you still have one] until the herpes sore goes away and pretend your herpes is cured)
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Old 06-10-2009, 08:01 AM
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Stop spending money that we don't have.
How hard is that?
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Old 06-10-2009, 08:34 AM
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raise taxes, stop spending. when raising taxes, raise them evenly, like the more you make them more you get taxed, (if you make 30k a year 30 mil a year, 1000 bucks spends alot differently to these people. you live here and have the ability to make that money shut up and pay your due. what would you rather lose 40% of 30k or 40 % 30 mil, what hurts you more.), because it is unamerican to try and not pay your taxes, if you try and get out of it you dont support the troops, you dont like america, and want it to fail.

how do you like them apples
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Old 06-10-2009, 08:37 AM
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barry is huge into debt
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Old 06-10-2009, 09:16 AM
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we've had a national debt since the 60's. this surplus you're referring to is actually a statistical misrepresntation of a reduction in the rate at which the defecit grew.

it's been discussed here many times.

oh, and obligatory :facepalm:



here's the link... take it for what it's worth.
http://www.craigsteiner.us/articles/16

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Old 06-10-2009, 09:16 AM
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Originally Posted by sigma pi View Post
barry is huge into debt
but... its ok to borrow for healthcare!

http://finance.yahoo.com/news/Obama-...626.html?.v=13
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Old 06-10-2009, 09:17 AM
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Originally Posted by RussB View Post
we've had a national debt since the 60's. this surplus you're referring to is actually a statistical misrepresntation of a reduction in the rate at which the defecit grew.

it's been discussed here many times.

oh, and obligatory icard:
yarp. There was no Clinton surplus.

http://www.craigsteiner.us/articles/16
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Old 06-10-2009, 09:25 AM
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Originally Posted by [email protected] View Post
Stop spending money that we don't have.
How hard is that?
"Things that could have been brought to my attention yesterday!" - America

To not spend money that we don't have is unAmerican.

Why do you hate America?
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Old 06-10-2009, 09:35 AM
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its time to let the markets dictate interest rates. by keeping them artificially low for 30 years we created a major, major problem for our economy.

if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.

lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability
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Old 06-10-2009, 09:48 AM
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Originally Posted by [email protected] View Post
Stop spending money that we don't have.
How hard is that?
this is being proposed. look into "pay-as-you-go". http://www.cnn.com/2009/POLITICS/06/10/paygo/index.html

too little / too late considering they've just blown the next few generations budget...
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Old 06-29-2009, 02:33 AM
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Originally Posted by irrational x View Post
its time to let the markets dictate interest rates. by keeping them artificially low for 30 years we created a major, major problem for our economy.

if interest rates were at 10% do you think anyone would have lost money in their 401(k)? no... because it would all have been in an FDIC insurance savings account making guaranteed money.

lowering interest rates and spending more money to 'stimulate' only causes more protraction of our economic instability

Wow.. Wouldn't it be nice to earn 10% on a savings account!!
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Old 06-29-2009, 02:47 AM
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Get rid of the Federal Reserve, fire all of the legislature, get rid of the presidential branch, or shrink it's power.

#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.

After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.

This isn't hard, or confusing, or whatever the hell everyone thinks it is.

US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.
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Old 06-29-2009, 06:29 AM
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Originally Posted by iLoqin View Post
Get rid of the Federal Reserve, fire all of the legislature, get rid of the presidential branch, or shrink it's power.

#1 Let the recession hit, let the firms go down who were supposedly bankrupt. Fire all these stupid jobs that people have (all these extra automobiles are unnecessary, all this service **** is unnecessary)
This creates people who can get other jobs.
#2 Start PRODUCING and SAVING again. How can we get OUT of debt when we don't sell **** for profit to other nations? We don't. US needs to drop down in $$, so we can produce **** cheap enough that other nations will BUY what we produce, why the hell would someone buy a product they can get for cheap elsewhere. No one would (except stupid rich people).
#3 Stop printing mother ****in dollar bills, as a matter of fact, Screw the Fed, lets go back to the GOLD standard, it's written in the constitution.
#4 After all of this is done, there will be a huge decrease everywhere, everyone needs to stay in business, so everything trickles down slowly and evenly. If nike can't sell $100 dollar shoes, you bet those prices will drop. If Rolex doesn't get any buyers, you bet those prices will drop, etc. Once consumers stop spending $$ on dumb items, it eventually all trickles down. That's how the market competes.

After that, of course all the taxes n' sanctions that are all over these businesses will be lifted off, or decrease in value to stay within the economy norms.

This isn't hard, or confusing, or whatever the hell everyone thinks it is.

US is in debt, we need to produce and save and sell. If we aren't producing ****, the debt will sit there forever.
That won't happen until there is another revolution. Seriously. Too many people make too much money (and thus have too much power) to let that ever happen.
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