But... But... But... The Models!

Discussion in 'Economy' started by Big Fitz, Mar 16, 2011.

  1. Big Fitz
    Offline

    Big Fitz User Quit *****

    Joined:
    Nov 23, 2009
    Messages:
    16,917
    Thanks Received:
    2,473
    Trophy Points:
    48
    Ratings:
    +2,475
    Oh boy. A good example of why computer models, faithfully worshiped can get you into a world of trouble.

    Mandatory Spending to Exceed all Federal Revenues

    So, raise taxes? Or cut spending?

    This is not "Bialystock unt Bloom" here, and "Springtime for Hitler" is not going to be a flop. The investors are now looking for their 50% profit.

    [​IMG]

    Someone needs to paste Geithner's and Bernanke's faces on this.
     
  2. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,683
    Did anyone see Obamas' NCAA Tournament bracket?
     
  3. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Which mandatory spending is, in your opinion, the worst problem?

    Whose OX are you proposing gets gored?
     
  4. skeptic
    Offline

    skeptic BANNED

    Joined:
    Feb 22, 2011
    Messages:
    417
    Thanks Received:
    23
    Trophy Points:
    0
    Ratings:
    +23
    Neither. We have no choice but to restructure medicare and SS. We are not gonna be able to raise taxes high enough to cover the liabilities shortfalls that are only beginning to overwhelm receipts. Look at the trajectory in your article since 2000. That's the recession and the baby boom retirement exodus and our entitlements in a high speed collision.

    And like the article points out it is no longer possible to balance the budget by cutting spending.
     

Share This Page