[quote]pittbulll wrote:
$60,333 for every man woman and child [/quote]
And how much was it per person BEFORE Obama’s reign of terror?
Uh huh…[/quote]
I don’t know Zeb but let’s remember the way it happened , Bush started 2 wars and cut taxes ( I can’t remember which came first) then the economy started to nose dive bringing in even less tax and created a bigger demand on social services Then Obama was elected , then we had to live with a tepid recovery , no tax increase and one of the 2 parties thinking the answer is to pick a fight with Russia or Iran and cut taxes farther . Oh did I mention give the pentagon more money and if you even mention Audit the Pentagon , you are UNPATRIOTIC . Sorry for the rant:)
[/quote]
I agree with most of what you said, except the part where I am unpatriotic.
But you are wrong Obama did in fact increase taxes. But what did he do with the money? He grew government even larger! And now we have a bigger problem.
[quote]pittbulll wrote:
$60,333 for every man woman and child [/quote]
And how much was it per person BEFORE Obama’s reign of terror?
Uh huh…[/quote]
I don’t know Zeb but let’s remember the way it happened , Bush started 2 wars and cut taxes ( I can’t remember which came first) then the economy started to nose dive bringing in even less tax and created a bigger demand on social services Then Obama was elected , then we had to live with a tepid recovery , no tax increase and one of the 2 parties thinking the answer is to pick a fight with Russia or Iran and cut taxes farther . Oh did I mention give the pentagon more money and if you even mention Audit the Pentagon , you are UNPATRIOTIC . Sorry for the rant:)
[/quote]
I agree with most of what you said, except the part where I am unpatriotic.
But you are wrong Obama did in fact increase taxes. But what did he do with the money? He grew government even larger! And now we have a bigger problem.[/quote]
I did not mean you are unpatriotic:) I meant if I say we should audit Pentagon I would be unpatriotic:)
The only Government expansion was ACA. IT could have been much better to make it Single Payer
Another aspect , I do not know if we know or even if our Gov knows , How much money they printed because they could not get a lone for it ? It could be much worse that the $60,000 per person owed
[quote]pittbulll wrote:
Another aspect , I do not know if we know or even if our Gov knows , How much money they printed because they could not get a lone for it ? It could be much worse that the $60,000 per person owed [/quote]
[quote]pittbulll wrote:
Another aspect , I do not know if we know or even if our Gov knows , How much money they printed because they could not get a lone for it ? It could be much worse that the $60,000 per person owed [/quote]
[quote]pittbulll wrote:
The only Government expansion was ACA.
[/quote]
You mean that massive expansion of government power and spending? Don’t get me wrong, I disagree with Bush as well and his expansion of government (DHS, TSA, medicare). But let’s not act like Obamacare is small potatoes.
Let’s also not forget amnesty, auto bailouts, and numerous “shovel ready jobs” programs.
[quote]pittbulll wrote:
Another aspect , I do not know if we know or even if our Gov knows , How much money they printed because they could not get a lone for it ? It could be much worse that the $60,000 per person owed [/quote]
Umm, huh? The Federal Reserve is not a product of free market capitalism. It was literally created by an act of government (Congress) much like the SEC or any number of other initials. AKA it is regulation, the opposite of free market.
If you don’t like what the Federal Reserve is doing you’re espousing conservative principles Pitt.
[quote]countingbeans wrote:
Posts video from Reich with “truth” in the title and isn’t joking?
[/quote]
Okay…I’ll show my very limited savvy in economics (I guess it all comes down to whose camp you gravitate towards): what is untrue in Bob Reich’s economics? I thought he was regarded as one of the better current minds on the subject.
[quote]countingbeans wrote:
Posts video from Reich with “truth” in the title and isn’t joking?
lol Pitt… [/quote]
I don’t always agree with Reich, but there was nothing objectionable about what he said in that video. Middle class purchasing power has disintegrated over time, and real wage growth has not grown along with the economy’s productivity gains over the last 30+ years.
And I suppose conservatives could adopt a morally neutral, “that’s how the market has allocated wealth, can’t be upset but it”, but that would be a very big mistake, in my view.
[quote]countingbeans wrote:
Posts video from Reich with “truth” in the title and isn’t joking?
[/quote]
Okay…I’ll show my very limited savvy in economics (I guess it all comes down to whose camp you gravitate towards): what is untrue in Bob Reich’s economics? I thought he was regarded as one of the better current minds on the subject.[/quote]
He, more often than not, only presents one side of a situation, or in other words will take and twist data to fit into his pre-conceived world view.
Read Sowell’s “Economic Facts and Fallacy”. If you can read that book, absorb the point Sowell is making (even though Sowell is biased right, the point of the book is very unbiased) and still not see directly through Reich… You’re a lost soul.
[quote]thunderbolt23 wrote:
but there was nothing objectionable about what he said in that video.[/quote]
Let’s take a stab at that shall we
Does his crying about wage growth take into effect increases in non-monetary increases? IE: Health Insurance, flex time, etc etc. Does it adjust fro the introduction of the computer and internet plus their subsequent explosion in advancement into account?
Is his evil 1% the same people year over year? Are the same families part of that 1%in 1980, 1990, 2000 & 2010? The answer is likely no, not at all… And if that is the case, the entire point of whining about the “money going to the top” is moot.
Tax rate whining… No one should take anyone serious that compares nominal rates pre-1986 with post. The only way you can compare is effective rates, which he isn’t, by a long shot. 1986 was such a significant change in the tax code, it’s like comparing the Rolling Stones and the Beatles.
Also, no mention of the portion of the over all tax burden the evil 1% caries, I wonder why that is? Ohhh right, because it doesn’t fit his narrative. No mention that just because the “top” has risen faster, that the bottom and middle has still risen as well. The whole nation is better off, generally speaking, than it was in 1980, particularly when it comes to material possessions.
No mention of increased spending, blames the deficits and budget problems solely on not taxing the rich enough. Can anyone say, super biased bullshit?
Still perpetuating the keynsian borrow and spend non-sense that got us into the mess we’re in now.
I agree the economy is utter shit right now, and factors he didn’t mention:
Artificially low rates - Fed
Unreal money supply manipulation - Fed
Hyper sensationalized governmental bullshit - Ideologies and the invention of the Rock Star POTUS
Continued market manipulations - Government
Obviously more factors, and those rest on the shoulders of dingbats in the private sector, but you won’t hear Reich ever talk about the 4 I listed above, and that is why he is a joke. He’s so ultra partisan… Put it this way, the way you view Zep, is the way I view Reich. Any nuggets of truth are lost in his inability to sell anything other than soft collectivism (at best).
