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Old 07-25-2011, 11:24 PM   #256
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And the can gets kicked a little further down the road.


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Old 07-26-2011, 10:08 PM   #257
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Kinda nice for Obama that TARP and some other "bailouts" are costs for Bush and revenues for Obama as they get repaid.
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Old 07-26-2011, 10:33 PM   #258
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I'm sure that sentence makes up for $3+ trillion.
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Old 07-26-2011, 11:24 PM   #259
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Kinda nice for Obama that TARP and some other "bailouts" are costs for Bush and revenues for Obama as they get repaid.


you people are the ones voting people out who voted for TARP. explain that to the suicide cult Tea Pariters.

can you please, please, please agree that even more important than a balanced budget is the sunsetting of the clearly unaffordable Bush Tax Cuts?

because, damn, look at that ...
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Old 07-27-2011, 07:36 AM   #260
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Kinda nice for Obama that TARP and some other "bailouts" are costs for Bush and revenues for Obama as they get repaid.
Not as far as the Republican Party's disinformation screen will tell you
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Old 07-30-2011, 12:08 AM   #261
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However, right now the interest cost is negative. The government saves money by borrowing now rather than waiting and paying cash. Let me say again because I have noticed that this goes against so much intuition that its hard for many people to wrap around when I first say it.

The government will wind up paying more if it decides to pay cash for a project than it will if it decides to borrow. This is irrespective of the return on the project itself or the advantages of avoiding delays or anything like that. It is simply that the cost of borrowing is negative.

It is cheaper than paying cash.
Debt crisis!
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Old 07-30-2011, 12:37 AM   #262
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I've never really understood the American aversion to paying taxes. No one really likes it but the Americans have a visceral hatred of it. I supposed the fact outside of a stupidly large military* the American's don't see too much return for their tax dollars, the infrastructure in the states is poor, there's little in the way of a medical or social safety net and the public school system lags behind most of the rest of the world. One really wonders what you are spending the money on.


*Yes, it is stupidly large, the US has 24 Aircraft carriers in service, including the WASP and Tawara class VTOL carriers which are roughly analogous to the UK's invincible class carriers. Brazil who now, following the decommissioning of the UK's aircraft carriers, have the next highest amount of carriers have 2. China and Russia both have one each. To put it in further context, the UK has the 4th biggest Armed Forces in the world, and the US Marines (which isn't even a separate branch) have more men, ships and aircraft at their disposal than the entire UK armed forces.Unless you're planning to fight the rest of the world at once, you simply don't need to spend that much money 'defending' yourself. Outside of North Korea the US is the most militarised country on Earth.
Remember...it was a tea tax that started our tax hatred I would prefer a huge cut in military. No foreign bases. No being the police of the world. That would be where I would like us to advance to some day before I leave this earth.
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Old 07-30-2011, 12:42 AM   #263
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The Tea Party - and why on earth are we calling them that when they are bloody Republicans and run on GOP tickets is beyond me - is a disgrace and is no longer even a relevant group when it comes to discussions. You have 60 members of the house (actually, at least 60) who will NOT vote to raise the debt ceiling NO MATTER WHAT. This is not a serious faction, nor do they have one brain to share between them, apparently.
If I was there, I would be with the 60. On principle, they're right - even if, granted, some of them are voting for cynical political reasons.

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So the world goes on without them at the negotiating table. Frankly, a fantastic outcome.
To me, this blase dismissal of views outside the mainstream comes aross as no more or less than advocacy to further centralise power.

I mean, why not just declare the Tea Party illegal and amalgamate the Dems and Repubs while were at it? Who needs this old-fashioned democracy gig anyway?

I submit that America is already under-democraticised - 300 million people, still (incredibly) the largest economy on earth and a mere two political parties? Two parties who largely share the same views and policies on practically everything? Come off it.

There are concerns regarding the backers of the Tea Party movement, but, any tendency to broaden political representation, IMO, is de facto a healthy development.
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Old 07-30-2011, 12:45 AM   #264
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Remember...it was a tea tax that started our tax hatred I would prefer a huge cut in military. No foreign bases. No being the police of the world. That would be where I would like us to advance to some day before I leave this earth.

X 1,000,000.
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Old 07-30-2011, 12:50 AM   #265
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Unless you're planning to fight the rest of the world at once, you simply don't need to spend that much money 'defending' yourself. Outside of North Korea the US is the most militarised country on Earth.
Indeed. But, the problem is, some of them want to fight the rest of the world at once. As the old saying goes, out of crisis comes opportunity - and this is the ideal opportunity to finally cut the military-industrial complex that Eisenhower warned about right down to size and put the war mongers back into their box where they belong.
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Old 07-30-2011, 01:40 AM   #266
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Obama hails deal on increasing auto fuel-economy standards - latimes.com
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Old 07-30-2011, 08:27 PM   #267
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Why does this socialist hate America?
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Old 08-01-2011, 03:05 AM   #268
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X 1,000,000.
Double plus thumbs up.



"as per GDP" is a somewhat unreliable state as recessions (consecutive decreases in the denominator) can change the variable, but the trend is pretty clear.

As a general notion, we are not over taxed in the U.S. Some people just won't ever concede victory. I think we can tax smarter, but there's a pretty large gap between us and otherwise functional OECD countries. I wish a mainstream politician would repeatedly point that out.
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Old 08-01-2011, 03:10 AM   #269
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One thing I've learned with regards to worker's pensions is that it's pretty risky to be counting on mid term fulfillment, but I'm cautiously optimistic about the Obama Administration's moves here. I hope I can tell my kids wacky stories about the crazy inefficient 17 mpg truck my family used to own.
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Old 08-01-2011, 09:36 AM   #270
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I don't see how he could ever be President for a second term and all this crap would just continue-debt ceiling crap every time that comes up, budget crap, etc. Oh yeah, maybe that's all part of the plan.
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