O'Day lawyers up

[casewinter13]

Kem, man, you're so un-cool! Such a neanderthal! Don't you get it? It's hip, it's in, to spend way more money than you have! Join the civilized class and start spending other people's money, you square! $140,000,000,000,000.00 in un-funded liabilities in this country? Psshhh! That means my recently born son is ONLY about $50,000.00 or so in debt...weak sauce!!! :thumb:

 

[casewinter13]

The real crime is having a deficit while you're booming. If we didn't so drastically over-spend at ALL times, it wouldn't be called deficit spending. It would be called surplus spending, which no one would care about, or hey, novel approach here, deficit neutral spending where when you apply common sense, if you over-spend in one particular area, you tighten shit up in another area, so as to not be a degenerate country.

 

[casewinter13]

And outlaw, check a time-line of yearly deficits, please. G-Dub spent too much for my tastes, but yearly deficits became egregious at the tale end of 2007 thru 2008, 09 and so on, with a new Democratic congress(veto, G-Dub?). 2000-06 yearly deficits make a conservative guy down-right giddy, now.

 

[Grizzoola]

Grizzoola, rather than a deflection, I'd actually be really curious to hear your rebuttal on the way off topic subject at hand. Massive government spending is good, right? So, where exactly did Europe go wrong? Shouldn't the EU be a Utopian society by now? Break it down for me, man!

Ok, you don't want to look at history, the New Deal, WWII, and how all that deficit spending helped our economy. BTW, tax rates on the rich were multiple times higher than they are now. Plus, the government controlled wages and prices over a period of 5 years. Every able-bodied man and woman had a job either in the service or a defense plant.

Result? Your grandmas and grandpas at the end of that 5 years had money in their pockets they didn't have, before. It was not due to "free" enterprise. It was not due to "free" markets. It was due to MASSIVE GOVERNMENT SPENDING. Deficit spending and the national debt nosedived practically in months after WWII. Why? Because people took that money and spent it. They became customers. They created demand. This demand financed private businesses. In the meantime, people and businesses were paying back that money to the Feds through their taxes.

As to Europe, each country got into trouble, not because of its social programs, but because private banks and government officials got too heady about the prosperity they thought they could gain. They departed from the conservative nature of socialism and opted to gamble in the private sector. Each country went about it a different way, due to its culture, but the result was the same.

In Greece, for example, hardly anyone in the higher incomes paid any taxes because the government did not press the issue. Consequently, the government went to deficit spending to make up the shortfall between its services and its revenue. Had the higher income earners paid their fair share, Greece would not be in the straits it is. Sound familiar?

I'm very bored by you guys who have this "free" market, "free" enterprise mantra that sounds good on paper, but does not work out in practice, to the detriment of millions of people in this country. The private sector has its place, but that is not the only place. Government figures equally, and if you deny that, then you'd be more comfortable living in America of the 1870s.

 

[Grizzoola]

Kem, man, you're so un-cool! Such a neanderthal! Don't you get it? It's hip, it's in, to spend way more money than you have! Join the civilized class and start spending other people's money, you square! $140,000,000,000,000.00 in un-funded liabilities in this country? Psshhh! That means my recently born son is ONLY about $50,000.00 or so in debt...weak sauce!!! :thumb:

Ok, Mr. Wiseguy, answer me this: Is the government the only sector in our economy that handles "other people's money?" I'll answer for you: No! How do you think this economic crisis came about? It came about because of the private sector's careless handling of "other people's money." And, it still does it. Any attempt by the government to regulate how the private sector handles OPM, people like you scream bloody murder, because, well that's socialism...communism...fascism, etc., etc.

I really don't understand you people. :roll:

 

[tnt]

A good round of inflation which usually follows a downturn and/or "quantitative easing" will take care of the debt in nothing flat. Its made more than one doofus look good. We have been equally screwed by both Dem's or Reps.

 

[mcg]

God you're an idiot! :roll:

Is this a Canadian Socialist thing to just resort to name-calling when you have nothing to refute the statements?

To set the record straight regarding the Great Depression; FDR's great social agendas did nothing but extend it.

This of course is completely incorrect. The New Deal made an incredible difference in the welfare of millions of americans and served to turn the tide of the Great Depression. It put people to work and made investment in America's infrastructure that still pay off today (for example, in the county I live in the court house was a WPA project that we still use. Fort Peck Dam is another great example). The error was reducing the level of spending in the late 1930's as a response to Republican whining about 'debt', which had the effect of reducing the pace of the recovery (sound familiar?).

To back you up, WWII was the greatest MASSIVE GOVERNMENT SPENDING project up to that time. Government spending and control of the economy those 5 years pulled this country out of the Great Depression. It was not a nickel & dime Republican private enterprise project, like they're wanting, now. When that war ended, people had money in their pockets, even tho the national debt was high. They went out & spent that money on cars, housing, etc., and the debt nosedived shortly thereafter.

WWII was socialism at its best. Hate to say this, but Pearl Harbor was good for our economy. We are going to continue in our economic doldrums as long as we listen to the Republicans trying to nickel & dime us back to where we were before the vaunted private sector screwed us, once again. The only way we will get back to where we were is thru MASSIVE GOVERNMENT SPENDING like in WWII. Private enterprise, by itself, ain't going to cut it.

He's right you know. WW2 was a socialist thing. The government controlled production of all goods and set their prices, that's a pretty textbook definition of socialism.

 

[Ursa Major]

So if I'm reading this thread correctly both John Maynard Keynes and Milton Friedman had something to do with the firing of our coach and AD?

Those Bastards!!

 

[tnt]

So if I'm reading this thread correctly both John Maynard Keynes and Milton Friedman had something to do with the firing of our coach and AD?

Those Bastards!!

Now that right there was funny.......

 

[AllWeatherFan]

Just a question: Would the gold standard have impacted Mr. Oday's termination?

 

[Ursa Major]

Just a question: Would the gold standard have impacted Mr. Oday's termination?

I'm going with a "yes" on that one. It has Tricky Dick's fingerprints all over it!