GOP Economic Policies Under Heavy Fire

Discussion in 'Politics' started by Lakhota, Aug 13, 2011.

  1. Lakhota
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    Lakhota Diamond Member

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    WASHINGTON — The boasts of Congressional Republicans about their cost-cutting victories are ringing hollow to some well-known economists, financial analysts and corporate leaders, including some Republicans, who are expressing increasing alarm over Washington’s new austerity and antitax orthodoxy.

    MORE (by Jackie Calmes): G.O.P. on Defensive as Analysts Question Party’s Fiscal Policy
     
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  2. Lakhota
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    Lakhota Diamond Member

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  3. Oldstyle
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    Oldstyle Gold Member

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    Good luck making the people who were calling for deficit reduction the scapegoats for the downgrade, Lakhota. When we get downgraded six months from now because we STILL haven't cut the deficit will it be their fault again?

    The fact is...we got downgraded because the rating agency was looking for reductions to the deficit in the neighborhood of 4 trillion dollars but we gave them non specified cuts of less than half that. If you go and read the S&P explanation for the downgrade you will see that it questions our resolve to make even the small deficit cuts that WERE part of the debt ceiling increase.
     
  4. Lakhota
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    Lakhota Diamond Member

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    You're too funny! Apparently you haven't read the full S&P justification... Or, maybe you just cherry picked the parts you liked and ignored the rest...
     
  5. Patrick2
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    Patrick2 Senior Member

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    One of the two economist critics mentioned in the New York Slimes article is Martin Feldstein.

    Who is Martin Feldstein?

    Wiki:

    Yaaaaaaaaaa - everyone should take lectures from this guy on economics.

    :lmao: :rofl:
     
  6. Matthew
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    Matthew Blue dog all the way!

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    Seriously, wtf is wrong with trying to balance our national budget.
     
  7. Mr_Rockhead
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    Mr_Rockhead Slouching toward Medicare

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    And, about six months after that, we will see if the Big Spenders or the Spending Cutters get the job of fixing the mess.
     
  8. Lakhota
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    Lakhota Diamond Member

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    Nothing, when the timing is right. But should one try trimming their toenails during a heart attack?

    Right now government should be spending on infrastructure and JOBS.
     
  9. JoeB131
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    JoeB131 Diamond Member

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    No, we shouldn't.

    Because usually those projects waste money.

    Remember the 1 Trillion dollar stimulus. How many jobs did that produce?

    What we need to do is rebuild our manufacturing infrastructure and get our trade policies under control. Then you can get the money to do the infrastructure stuff.

    We are running huge deficits because the free traders allowed us to move all the good manufacturing jobs overseas, and we are bleeding a half trillion a year in trade to other countries.

    From 1776-1976, the entire national debt was all of 600 Billion. That was it. That's what we ran up with two world wars and a few smaller ones, building the interstate highway system, the space program, the New Deal and the Great Society. We could afford all this stuff.

    Because in that time period, we exported more than we imported, there was plenty of money to finance the government, and plenty of jobs to keep the tax payer to tax recipiant ratio sane.

    Spending a crapload of money we don't have isn't the solution. Getting us back on track econmically is. And if that means creating jobs that aren't great initially, so be it.
     
  10. California Girl
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    California Girl BANNED

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    Under "heavy" fire? By whom? What moron thinks a balanced budget is a bad idea?

    Oh, wait. Yea.... it's under fire from the left. I'd be more concerned if they agreed with it.
     

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