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Comments (29) (Please sign in to comment)
wmconelly said, 3 months ago
“In the long run we need a clear plan to reduce the ratio of publicly held debt to national income. BUT FOR NOW the best chance to reinvigorate the economy, spur business investment and encourage consumer spending is through PUBLIC BORROWING AND SPENDING. Instead, we’re heading into an ill-advised, across-the-board austerity program.” Robert M. Solow, a Nobel laureate.
But Glen Rush News Fox Gold Standard want the opposite and since 9/11 haven’t they been right about everything?
ConserveGov said, 3 months ago
@wmconelly
We’ve been doing the BORROWING AND SPENDING thing for the past 4 yard.
How’s that working out?Michael wme said, 3 months ago
@ConserveGov
makes a great point about the ‘past 4 yard’.
When President Obama took office, the government was running a huge surplus thanks to Bush, Jr’s enlightened policies, and had a huge positive balance in its account.
Now, ‘4 yard’ later, the government is running a deficit and is in debt, something that never happened under any previous president.
And don’t go quoting any economic history books to me, I’m sure the Obamabots just cooked all those books.
Zipi said, 3 months ago
Hey Jerry, tomorrow (when nothing happens) will by be doing your best Myan calendar “oh well” impression?
DGF999 said, 3 months ago
@Zipi
Probably. Too bad the cuts won’t be closer to 30 percent.
Ms. Ima said, 3 months ago
Sequester born of O. He wouldn’t sign the bill unless a sequester was in it. What will his next crisis be?
Ms. Ima said, 3 months ago
@et2008
et, you found a new computer to type on. O supports your opinion 100% so keep ranting!
ronald rini
said, 3 months ago
first we have to go to the store and buy made in USA items. And unlike obama is doing in making more free trade agreements they need to stop the ones we have. And moey to stimulate the econmy does not do us any good to build roads if we go to the store and spend it on imports.
The Wolf In Your Midst said, 3 months ago
@ConserveGov
Just the last four years, huh?
jack75287 said, 3 months ago
Holbert has got it right today!
ARodney said, 3 months ago
@ScottPM
What rubbish. None of that is true. Study some economics. People aren’t investing in business because there’s low demand. There’s low demand because people don’t have jobs, and those who do aren’t getting raises even with vast raises in productivity. Too much of our wealth (over 90% of the Obama recovery) goes straight to the top 10%, who off-shore it to the Caiman islands to take advantage of tax loopholes. They have plenty of money, but aren’t investing it. Because there’s no demand. We need stimulus spending, and we need to close tax loopholes to pay for it.
Bruce4671 said, 3 months ago
@et2008
really? So how come he can’t get a budget passed in the Senate? The DEMOCRATIC senate. Let’s see the last proposal for 3.8 trillion in spending? That’s right 99-0 defeat in the senate.
So where did the money go last time.
Oh some good places. The CBO says i created or saved from 1.2 to 3.3 million jobs in 2010. Huh. OK.
The huffpo submits this slide show.
http://tinyurl.com/bvwc2v4
Now how many of those “investments” succeeded?
So 2 times we followed your path, how about doing some cutting now?
coraryan
said, 3 months ago
Change that from “Congress” to “Senate” & you got it.
coraryan
said, 3 months ago
@HOWGOZIT
Yep, right on top of things, isn’t he?
coraryan
said, 3 months ago
@et2008
You are so polite (sarcasm here). This is why I avoid liberals – I am allergic to nuts!