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Stinky The Clown

(67,676 posts)
Tue Jul 10, 2012, 08:01 AM Jul 2012

How does a government expenditure of $750 Billion over 10 years "reign in the deficit?"

That's how much the republicans want to spend to give the fat cats their continuing tax cut. Meanwhile, the cuts for the regular folks will only cost $150 Billion.

Amazingly, these rat fuckers are taken seriously and treated seriously by our crack (addled) media.

The Disgusting wing of the Democratic party has its members (that includes you, Claire . . . And you, Bill . . . . .) falling all over each other to not appear opposed to this "reasonable" position by the "reasonable" republicans.

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Fumesucker

(45,851 posts)
1. It's a Very Serious Proposal..
Tue Jul 10, 2012, 08:06 AM
Jul 2012

By Very Serious Persons..

So of course the Democrats have to take it Very Seriously.

Anything else would be shrill.

Atman

(31,464 posts)
3. They will continue to shower their wealth upon us.
Tue Jul 10, 2012, 08:36 AM
Jul 2012

Their tax savings, and the additional interest they will earn, will provide for a veritable golden shower of jobs and prosperity for all. Just as it has for the last ten years!

No, that's not piss on your loafers, I swear, it's just raining.

 

DCKit

(18,541 posts)
4. Drop the tax cuts and admit our war in Iraqistan was a failure, and pull out.
Tue Jul 10, 2012, 09:02 AM
Jul 2012

I mourn for all the families that lost their children, wives, husbands and S.O.s in these failed wars.

The Pentagram's budged needs to be halved, then halved again in three years. They're only supposed to protect the US. What part of "protecting the US" has anything to do with invading foreign countries?

ProgressiveEconomist

(5,818 posts)
6. Rs still believe the LEGEND of the often-debunked 'Laffer Curve'
Tue Jul 10, 2012, 09:07 AM
Jul 2012

the LEGEND of the often-debunked 'Laffer Curve':

From http://www.forbes.com/sites/briandomitrovic/2011/08/23/the-laffer-curve-files-jfks-advisor-said-tax-cuts-raise-revenue/

"The Laffer Curve Files
8/23/2011

The 'Laffer curve.' That's the thing that economist Arthur Laffer, in the
company of his sidekick Jude Wanniski, drew on a napkin showing that tax cuts
pay for themselves. That's right--tax cuts pay for themselves, by so
increasing economic activity that the total revenue take is higher after the
tax cut than before. Laffer laid out the point to Donald Rumsfeld and Dick
Cheney, Gerald Ford Administration staffers, at the bar at the Two Continents
restaurant in Washington, D.C. in December 1974.

Or so you'd think, if you traffic in urban legends. All sorts of potted
histories of supply-side economics out there in places like the Internet echo
what John Quiggin says in his book Zombie Economics: 'Everyone knows the
story of how Laffer drew a graph on a napkin.' It's been repeated a million
times. It's also a pretty big deal: the founding moment of supply-side
economics, of the Reagan Revolution that changed our world come the 1980s.

What sources do we have from the time verifying the story? None at all...."

Gman

(24,780 posts)
7. The term I use is " foregone revenue"
Tue Jul 10, 2012, 09:12 AM
Jul 2012

Meaning you choose not to collect it. I use it when talking about this. It's more accurate than "expenditure" and if someone has half a brain in business they understand it. You get push back from the "expenditure" because it's not completely accurate.

 

Huey P. Long

(1,932 posts)
9. Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
Tue Jul 10, 2012, 10:51 AM
Jul 2012
Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
Posted on July 8, 2012 by WashingtonsBlog

Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers
Nobel prize winning economist Joe Stiglitz – and many other experts – have said nothing will change unless dishonest bankers are jailed.

Former trader Max Keiser has been calling for years for crooked bankers to be hanged, to send a message that crime won’t be tolerated.
But Nouriel Roubini is a lot more mainstream than Keiser – or even Stiglitz – being very close to Treasury Secretary Tim Geithner. See this and this.

Roubini told Bloomberg that nothing has changed since the start of the financial crisis, and we might need to throw bankers in jail – or hang them in the streets – before they’ll change:

Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.

-
I noted 7 years ago:
I am NOT calling for the overthrow of the government. In fact, I am calling for the reinstatement of our government. I am calling for an end to lawless dictatorship and a return to the rule of law. Rather than trying to subvert the constitution, I am calling for its enforcement.

***

The best way to avoid all types of revolution would be for the government to start following the rule of law. I passionately hope it will do so.

The fact that even mainstream economists like Roubini are talking about hanging bankers shows that this is the last chance for the justice system – the only thing which stands between criminals on Wall Street and pitchforks – to work.


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http://www.washingtonsblog.com/2012/07/mainstream-economist-we-might-need-to-hang-some-bankers-to-stop-illegal-behavior.html
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