Tweet
I am going to bed.
Good night.
Good night.
-
For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence) -
Typical Fez answer to a direct question
19th Century Liberal, 21st Century EuropeanComment
-
Coming back OT, I wonder how the US citizens could feel comfortable with a budget system producing a forecasted deficit for the current year varying by 150 billions in five months. This should be a technical problem, not so hard to solve. But is it ?Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
-
I wonder how the US citizens could feel comfortable with a budget system producing a forecasted deficit for the current year varying by 150 billions in five months. This should be a technical problem, not so hard to solve. But is it ?
Well 1/3rd of that change was because the economy didn't do as well as was hoped. 1/3rd was because the costs of GWII through September (the end of FY '03) were included this time. The remaining 1/3rd was due to tax cuts and spending increases not previously included.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Bill Clinton's 2001 budget $127 billion surplus
George Bush Jr $455 billion deficit = 4.2% of the economy.
That beats the previous deficit record of
George Bush Sr of $290 billion
Ronald Reagan's 1983 deficit 6 per cent of the GDP.
Why are Republicans financially incompetent. All they seem to know how to do is to spend, spend, spend.
It's great for Asia. China, Japan, Taiwan and Hong Kong billions in US government bonds and US dollars. Washington knows that if they piss off these countries, then the countries would sell off their US holdings and tank the US economy.Golfing since 67Comment
-
"Bill Clinton's 2001 budget $127 billion surplus
George Bush Jr $455 billion deficit = 4.2% of the economy."
It's not the moron's fault this time. Greenspan gave it, gravity took it....
“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
-
One pie chart I saw in a magazine said that since WWII, the best combination for the economy to do well was Dem president + Republican congress. Rep + Rep was the worst
Anyways, let's see whut we could have cut out and saved...let's see, forget about the war on Iraq...we don't need tax cuts, they didn't do any good the last time we got them, are they going to do something now
? And eliminate the Department of Homeland Panic, I thought that was the FBI + CIA's job 
And we're left with a much smaller deficit all due to economy.
But this kind of thing won't hurt now, but in 10 years when we're falling behind desperately trying to pick up our collective granny's social security, we'll really be screwed.meet the new boss, same as the old bossComment
-
DanS, 50 billions is the cost of GWII for one year, not for 3 months. And even if this cost was initially underestimated, that does not explain that no provision at all was made in the last forecast. I would therefore be tempted to conclude that GWII was deliberately omitted.
As for the tax cuts and spending increases, they seemed to be happily improvised at an impressing pace.Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
-
Fez, come on now. Admit you're beaten. El freako has owned you so thouroughly in this debate that I wouldn't be surprised if there were now an "e.f." branded on your butt.Tutto nel mondo è burlaComment
-
I love how everyone assumes that immediate economic responses to financial stimulous. (this is sarcasm)
I am not sure what the lag-time is, but I doubt it is anything less than a year, and maybe more so.
You cut taxes, response is not immediate... Uh, anyone remember 'Trickle down'? Funny how when it is bad for the dems it is because of something a repub did 10 years ago, but when it is bad for repub it is because of something he did 3 months ago!
Granted we spent a lot on war, gave too much money to a disrespectful continent to help them treat (not combat) AIDS... Silly decisions.
Yet, we have also entered a time that has seen an increase in spending on national defense, and this will continue to occur... Maybe if Clinton kept his eyes open a little better this would need to have happened...
Blah!Comment
-
DanS, 50 billions is the cost of GWII for one year, not for 3 months. And even if this cost was initially underestimated, that does not explain that no provision at all was made in the last forecast. I would therefore be tempted to conclude that GWII was deliberately omitted.
Of course it was deliberately omitted. We weren't at war yet. We were still at the UN debating it.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Originally posted by Japher
Funny how when it is bad for the dems it is because of something a repub did 10 years ago, but when it is bad for repub it is because of something he did 3 months ago!
I might be wrong but I thought Bush stole the election three years ago.
So what you're saying is that Bush hands out $330 billion in tax cuts (according to The Globe and Mail), but the deficit is Clinton's fault.Originally posted by Japher
Maybe if Clinton kept his eyes open a little better this would need to have happened...
Bush and Rumsted allocated $25 billion on a light mobile force that the military doesn't want and it's Clinton's fault.
The Republicans add billions of dollars to the budget to upgrade Abrahm tanks, even though the military doesn't ask for the upgrades and it is Clinton's fault.
Bush steals the election and immediately starts saying that the stock market is going to crash, and surprise, surprise, the stock market crashes, and it's Clinton's fault.
Bush orders the US military to invade Iraq which results in a $45 billion a month bill and its Clinton's fault.
Yeah, it's all Clinton's fault. (Japher: this is sarcasm)
Anyways, if your theory about massive lag time is true, then Reagan's trickle down theory resulted in the Bush Sr's second largest US deficit.Golfing since 67Comment
-
I didn't see your post before it.Originally posted by el freako
Typical Fez answer to a direct question
I was busy writing up something but decided it was my bed time.
For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
-
Leftist nonsense.Originally posted by Tingkai
I might be wrong but I thought Bush stole the election three years ago.
Actually he won it fair and square, it was Al Gore who was trying to steal the election.
No he didn't. I will never ****ing concede anything. Not in economics. He lost.Originally posted by Boris Godunov
Fez, come on now. Admit you're beaten. El freako has owned you so thouroughly in this debate that I wouldn't be surprised if there were now an "e.f." branded on your butt.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
-
@ Fezzie again.
I don't believe anything by the CIA. I bet the TRUE unemployment rate is at least 7.5%, maybe even 9%, The US figures don't count people getting unemployment checks.Comment
Comment