shared sacrifice is for suckers

Discussion in 'Economy' started by Star, Jun 12, 2012.

  1. Star
    Offline

    Star Gold Member

    Joined:
    Apr 5, 2009
    Messages:
    2,510
    Thanks Received:
    594
    Trophy Points:
    155
    Ratings:
    +1,016
    ✄snip>


    ...low interest rates offer the US a remarkable opportunity to rebuild the country. There will never be a better time to do the “internal improvements” that we need to make – rebuilding roads, bridges, mass transit, sewers, fast trains, airports, and retrofitting public buildings, building up renewable energy and more.

    This is work that must be done. But now we can borrow the money at virtually no cost to finance it, and put to work a construction industry that is now idled, and help get the economy going. As the editors of the Financial Times conclude, “whatever is invested at these rates is likely to pay for itself in higher growth and revenues. “ This is what most would call a no brainer.

    This isn’t all that should be done. Reviving Richard Nixon’s “revenue sharing” – a tip of the hat to E.J. Dionne – would send money to states and localities to rehire teachers and cops. The President has suggested a jobs corps for veterans, so no one who risks their life in battlefields abroad will be cut down in economic crossfire at home. That could sensibly be expanded with urban and green corps, targeted to areas of obscene levels of youth unemployment, to insure that young people under 25 don’t start their lives in idleness, depression, drugs and despair. And we should start making the long term investments – in world class education from pre-K to college, in research and development, in new energy – vital to our economic future.

    These can be paid for by ending the subsidies Republicans protect, shutting down corporate tax havens, and fair taxes on Wall Street speculation and the rich.

    Most sensibly, this program for revival and renewal would be accompanied by a hard knuckled, no holds barred, everything on the table drive to get our books in order once the economy recovers. That requires unrelenting focus on the three things that drive our budget out of whack. Not Social Security and Medicare, but the real deal: shackling Wall Street which just blew up the economy and effectively doubled our debt to GDP; ending our commitment to endless wars and policing the world which we cannot afford; and fixing our broken health care system, the most corrupted of our crony capitalism, now squandering about twice what other advanced countries spend per capita on health care with worse results. Everything else – the so called “grand bargain” that would trade cuts in Medicare and Social Security for tax reforms – is simply using the crisis to take another hit out of working families. When the rewards aren’t shared, shared sacrifice is for suckers. When you weren’t invited to the party, you shouldn’t be stuck with the bill.
     
    • Thank You! Thank You! x 1
  2. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    of course thats liberal and so stupid. Artifically low rates offer another oppportunity to rebuild a bubble like the one that caused the current low interest rate depression.

    Don't forget the government prints money so if it made sense they could always build bridges at low or no interest rates. In reality, things must be purchased in a competitive private sector environment to insure that the labor and material is not largely wasted. Thats how an economy grows sustainably. And now you know it too but of course as a liberal you lack the IQ to understand it.
     
    Last edited: Jun 12, 2012
  3. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    Jesus, Ed. Another profound post. You should not argue with Star. She is much smarter than you and you will again end up looking stupid.
     
  4. Star
    Offline

    Star Gold Member

    Joined:
    Apr 5, 2009
    Messages:
    2,510
    Thanks Received:
    594
    Trophy Points:
    155
    Ratings:
    +1,016

    I've often said conservatives don't know how to invest -- Republican posters on this M/B go far to reinforce my opinion. And speaking of reinforce; seldom has a better time presented itself to reinforce, rebuild and upgrade our deteriorating infrastructure, money's cheap, labor's eager, and the need to build and rebuild increases exponentially the longer we wait --- investing in infrastructure right now is a classic no brainer.





    Its [congress] reluctance to support investment in infrastructure is unfortunate because this is an opportune time to earn a better report card; presently, we can borrow at very low interest rates to upgrade our streets, roads, bridges, railroads, school buildings, Internet bandwidth and K-12 education. We have earned the trust of foreign investors, who value the safety of our financial markets and seek to loan us money through their purchases of U.S. Treasury bonds.

    In the short run, infrastructure investment would stimulate business growth and employ otherwise unemployed resources of labor and equipment. In the longer run, when these assets are in good working order, they would support faster growth of the economy, a prerequisite for bringing down the national debt and putting workers back on the path to higher after-tax incomes.

    win-win
     
  5. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    of course liberal make-work deepens the depression because it hires people away, at twice the pay, from real sustainable private sector jobs.

    A liberal simply lacks the IQ to understand what make-work is.
     
  6. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    Well, who in this country doesn't want to be a "slave" for the Guberment?

    Isn't it what we all inspired to be?
     
  7. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    And now our children are referred to as, investments..

    damn, what country are we in?
     
  8. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    a liberal country, sadly
     
  9. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    This article came from the Communist website?
     
  10. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself."
    Tullius Cicero (106-43 BC)





    Similarly :

    Norman Thomas quotes:
    The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.


    This was precisely the tactic of “infiltration” advocated by Lenin and Stalin.[3] As Communist International General Secretary Georgi Dimitroff told the Seventh World Congress of the Comintern in 1935:
    "Comrades, you remember the ancient tale of the capture of Troy. Troy was inaccessible to the armies attacking her, thanks to her impregnable walls. And the attacking army, after suffering many sacrifices, was unable to achieve victory until, with the aid of the famous Trojan horse, it managed to penetrate to the very heart of the enemy’s camp."[4]

    C. S. Lewis on Diabolical Democracy, Socialism, and Public Education « Conservative Colloquium


    Buckley endorsed Chambers’ analysis of modern liberalism as a watered-down version of Communist ideology. The New Deal, Chambers insists, is not liberal democratic but “revolutionary” in its nature and intentions, seeking “a basic change in the social and, above all, the power relationships within the nation.”
     

Share This Page