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France busts deficit limit

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  • #46
    It is also a large reason for agricultural subsidies in the rest of the world as well. It is the result of populists who want the family farms to be protected from the big business who wants to take it away.
    “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
    - John 13:34-35 (NRSV)

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    • #47
      He Siddiqui speaking of food I just ate some kick ass Chicken Karahi. *belch*

      Come one, you know you want to eat some!!
      We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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      • #48
        HATE, HATE, HATE Indian/Paki food.
        “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
        - John 13:34-35 (NRSV)

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        • #49
          Originally posted by DanS
          The US deficit will likely stay roughly within its economic growth rate, even with Bush's tax cuts and a war added in. It has done this so far, even with the first round of tax cuts and a recession, which indicates that Bush isn't really skating on thin ice.
          I doubt that. The deficit could go as high as 400b.
          "When you ride alone, you ride with Bin Ladin"-Bill Maher
          "All capital is dripping with blood."-Karl Marx
          "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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          • #50
            Which would probably be roughly comparable to the economic growth per annum.
            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, 1891

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            • #51
              Originally posted by DanS
              Which would probably be roughly comparable to the economic growth per annum.
              GDP is 10.5T right? I think its about twice economic growth.
              "When you ride alone, you ride with Bin Ladin"-Bill Maher
              "All capital is dripping with blood."-Karl Marx
              "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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              • #52
                That's last year's economic growth. Not this year's. Last year's deficit was roughly in line with economic growth as well.

                So far, this has been a good piece of work by the administration. Also, some luck.
                Last edited by DanS; March 9, 2003, 04:27.
                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, 1891

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                • #53
                  Originally posted by DanS
                  That's last year's economic growth. Not this year's. Last year's deficit was roughly in line with economic growth as well.
                  I think the average is about 2% for the recent years.
                  "When you ride alone, you ride with Bin Ladin"-Bill Maher
                  "All capital is dripping with blood."-Karl Marx
                  "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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                  • #54
                    What's your point?
                    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, 1891

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                    • #55
                      I'm not against deficits, but I am against deficits that won't stimulate the economy, and I don't think these will.
                      "When you ride alone, you ride with Bin Ladin"-Bill Maher
                      "All capital is dripping with blood."-Karl Marx
                      "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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                      • #56
                        DanS,

                        These tax cuts are going to go mostly to the baby boomers. This generation is trying to save for their retirement, and they have lost money in the stock market. When they get these tax cuts they aren't going to spend the money. When they retire its going to be the other generations who are going to have to pay the tax bill.
                        "When you ride alone, you ride with Bin Ladin"-Bill Maher
                        "All capital is dripping with blood."-Karl Marx
                        "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

                        Comment


                        • #57
                          Originally posted by Imran Siddiqui
                          I wonder why people think farm subsidies intended purpose was to pay rich farmers. The whole reason was so that individual small farmers wouldn't have to fold and sell to the agribusinesses.
                          They are sold as helping small family farms but the reality is most of the money goes to agro-business. BTW those family farms own own millions of dollars in property so I don't feel bad for them at all. The truth is we have to many farms and to much farm produce so the government should be helping to move farmers into other industries instead of paying them to over produce (or worse pay them to do nothing).

                          Get rid of the subsidies and let them sink or swim. That will lower everyone's tax bill & their food prices and it will help third world farmers who are currently frozen out of the market. More choice, lower taxes, lower food prices. This is a winner if ever there was one.
                          Try http://wordforge.net/index.php for discussion and debate.

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                          • #58
                            Originally posted by Oerdin


                            They are sold as helping small family farms but the reality is most of the money goes to agro-business. BTW those family farms own own millions of dollars in property so I don't feel bad for them at all. The truth is we have to many farms and to much farm produce so the government should be helping to move farmers into other industries instead of paying them to over produce (or worse pay them to do nothing).

                            Get rid of the subsidies and let them sink or swim. That will lower everyone's tax bill & their food prices and it will help third world farmers who are currently frozen out of the market. More choice, lower taxes, lower food prices. This is a winner if ever there was one.
                            The problem is that the subsidies don't discriminate between the farmers that need them to stay in business and agro-business. I'm not totally against subsidies that would force poor farmers to sell the farm just because of temporary low prices.
                            "When you ride alone, you ride with Bin Ladin"-Bill Maher
                            "All capital is dripping with blood."-Karl Marx
                            "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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                            • #59
                              Especially not now when food prices are set to increase significicantly by 2015.
                              "When you ride alone, you ride with Bin Ladin"-Bill Maher
                              "All capital is dripping with blood."-Karl Marx
                              "Of course, my response to your Marx quote is 'So?'"-Imran Siddiqui

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                              • #60
                                This year Germany will probably also break the deficit limit since our economy has huge problems. (IIRC experts predicted that Germany's economy won't grow at all this year)
                                Schröder has made alot of promisses to get reelected but now it has become obvious that he's a liar. (It was obvious before but people were blind)
                                His party, the socialist SPD is unable to reform the country which is really necessary. Our taxes are way too high in Germany and people without a job earn more than many workers with low-income jobs so working is not profitable any more.

                                Anyways, even though an inflation of the Euro will help the German economy because we export alot, it is a dangerous development and Europe should strengthen Brussels authority.
                                The European countries only have their own interests in mind and Brussels doesn't have the power to do anything that Paris and Berlin don't want.
                                "Cogito Ergo Sum" - Rene Descartes, French Mathematician

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