Stimulus Failed, so we need More Stimulus!

[Oddball]

When does ANYONE in the WH/gov ever stop and say,

"We're BEYOND BROKE!! We're BANKRUPT!!!

We CAN'T Spend any more; we don't HAVE any More!"

Unfortunately, I'm afraid that it's a case of them being so broke,

they can't even pay attention...

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

In 1933, the U.S. gubmint declared bankruptcy, under the auspices of FDR's Executive Orders 6073, 6102, 6111, and 6260.

They've basically been in receivership ever since.

 

[CrusaderFrank]

When does ANYONE in the WH/gov ever stop and say,

"We're BEYOND BROKE!! We're BANKRUPT!!!

We CAN'T Spend any more; we don't HAVE any More!"

Unfortunately, I'm afraid that it's a case of them being so broke,

they can't even pay attention...

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

In 1933, the U.S. gubmint declared bankruptcy, under the auspices of FDR's Executive Orders 6073, 6102, 6111, and 6260.

They've basically been in receivership ever since.

FDR and Hitler shared more similarities than differences

 

[rightwinger]

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

Exactly how does spending trillions of dollar you don't have constitute good financial footing?

Do you understand what Bankrupt means? Get back to me when you do

 

[rightwinger]

Our politicians are too weak and our people are too spoiled to make the sacrifices needed to run on a balanced budget.

And that is precisely the problem, but I certainly don't see you being part of the solution

.

Why not?

 

[Liability]

When the stimulus for the failed stimulus fails we will need a massive stimulus bill to correct the failure to fix the failure!

This post brought to you by the President's favorite color: red!

 

[rightwinger]

When does ANYONE in the WH/gov ever stop and say,

"We're BEYOND BROKE!! We're BANKRUPT!!!

We CAN'T Spend any more; we don't HAVE any More!"

Unfortunately, I'm afraid that it's a case of them being so broke,

they can't even pay attention...

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

In 1933, the U.S. gubmint declared bankruptcy, under the auspices of FDR's Executive Orders 6073, 6102, 6111, and 6260.

They've basically been in receivership ever since.

Nice try Dude..

Total assets of the US is $188 Trillion

Total Assets of the U.S. Economy $188 Trillion, 13.4xGDP : rutledgecapital.com

We are, by far, the wealthiest nation on earth. To make ludicrous claims that the US is somehow bankrupt is ridiculous. Our total assets are ten times our GDP and fifteen times our current debt

 

[Liability]

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

In 1933, the U.S. gubmint declared bankruptcy, under the auspices of FDR's Executive Orders 6073, 6102, 6111, and 6260.

They've basically been in receivership ever since.

Nice try Dude..

Total assets of the US is $188 Trillion

Total Assets of the U.S. Economy $188 Trillion, 13.4xGDP : rutledgecapital.com

We are, by far, the wealthiest nation on earth. To make ludicrous claims that the US is somehow bankrupt is ridiculous. Our total assets are ten times our GDP and fifteen times our current debt

Our current debt and obligations are very nearly the same as the figure you cite for our "assets."

Where you get that 15 TIMES multiple is -- ex recto.

 

[Oddball]

The United States is the wealthiest nation on earth. Do you have any proof, other than your histrionics, that we are BANKRUPT ??????

In 1933, the U.S. gubmint declared bankruptcy, under the auspices of FDR's Executive Orders 6073, 6102, 6111, and 6260.

They've basically been in receivership ever since.

Nice try Dude..

Total assets of the US is $188 Trillion

Total Assets of the U.S. Economy $188 Trillion, 13.4xGDP : rutledgecapital.com

We are, by far, the wealthiest nation on earth. To make ludicrous claims that the US is somehow bankrupt is ridiculous. Our total assets are ten times our GDP and fifteen times our current debt

That's only if you count ALL private property and privately generated product and wealth as the property of the US federal gubmint, comrade.

Meanwhile, they have something like 50+ trillion of liabilities that they haven't yet figured out a way to pay off.

 

[Oddball]

Liberals should go to Vegas, I think every hotel should comp Libs any chance they get because they double down on every losing bet every time

Obama pleads for $50 billion in state, local aid

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery. "

washingtonpost.com

BTW, this isn't "stimulus"....It's yet another bailout.

 

[HUGGY]

Liberals should go to Vegas, I think every hotel should comp Libs any chance they get because they double down on every losing bet every time

Obama pleads for $50 billion in state, local aid

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery. "

washingtonpost.com

Stimulus Failed, so we need More Stimulus!


Therefore because you fail all the time...we need more Krusty Frank?

 

[Sarah G]

We also tried no stimulous under Bush/Cheney/Rove...

That was a disaster.

 

[The Rabbi]

We also tried no stimulous under Bush/Cheney/Rove...

That was a disaster.

BUSHWHACKED!

The thread is over!

 

[SFC Ollie]

Locally, we just laid off 1/3 of our deputy sheriffs. Yet at the same time received federal funds from the stimulus to pay for opening a public swimming pool. Yeah like we need yet another BS stimulus.

 

[HUGGY]

Locally, we just laid off 1/3 of our deputy sheriffs. Yet at the same time received federal funds from the stimulus to pay for opening a public swimming pool. Yeah like we need yet another BS stimulus.

So now one/third of your deputy's get to lay around the pool and collect unemployment checks???!!!!!

 

[editec]

Who the hell needs teachers, police and firefighters?

Since when is funding state and local bureaucracies a federal responsibility, Nonsequiturman?

FYI, Dude

http://www.usmessageboard.com/wiki/Federal_government_of_the_United_States

United States government revenue sharing was in place from 1972-1987. Under this policy, Congress gave an annual amount of federal tax revenue to the states and their cities, counties and townships. Revenue sharing was extremely popular with state officials, but it lost federal support during the Reagan Administration. In 1987, revenue sharing was replaced with block grants in smaller amounts to reduce the federal deficit

http://www.usmessageboard.com/wiki/Federal_government_of_the_United_Stateshttp://www.usmessageboard.com/wiki/Federal_government_of_the_United_States

source

 

[Oddball]

The key word was responsibility to prop up state and local spending...I couldn't care less about on-again-off-again federal handouts that happen to have been popular.

 

[boedicca]

Locally, we just laid off 1/3 of our deputy sheriffs. Yet at the same time received federal funds from the stimulus to pay for opening a public swimming pool. Yeah like we need yet another BS stimulus.

Bingo. Police, firefighters, teachers and other staff who provide actual services the public values are being used as body shields to scare the public about cutting the real size of government spending. Cynical politicians will cut such staff in order to preserve the overhead bureaucracy and insanely bloated pension programs - and the pork for their cronies.

 

[oreo]

Liberals should go to Vegas, I think every hotel should comp Libs any chance they get because they double down on every losing bet every time

Obama pleads for $50 billion in state, local aid

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery. "

washingtonpost.com

Not another so called stimulus bill to protect government jobs!!!! This is getting a little ridiculous--HELLO. Yes, government workers can get laid off too during a severe recession. When states and cities can't afford them--they've got to cut back.

 

[Epsilon Delta]

The point of the stimulus is to make up for the underutilization of the factors of production produced by a lack of confidence in the economy. The $790 billion stimulus that got passed did not cover even half of the total loss in demand the economy was going to experience. It would've required something like 900 billion a year over two years to make up for the 10% of GDP that was lost, but of course after both Democrats and Republicans had been preaching about "balanced budgets" for so long the climate was ripe for people to get upset over this massive amount of spending.

This huge outcry is a little misplaced. The first thing is that debt is not entirely a bad thing always. Debt is an instrument. Like consumers, governments use debt to smooth consumption. Right now, that we are in a recession, it makes perfect economic sense for the government to run a large deficit (high spending, low taxes) for consumption-smoothing (and that is just basic macroeconomic theory). The flip side to that is that governments have to run surpluses (low spending, high taxes) during booms. This was the major policy mistake of the massive Bush deficits: it's not that Bush's policies created the recession (the Fed had been playing the leading role there independently), it's that he triggered a huge deficit (tax cuts and spending increases to fund his global wars) in the middle of a giant boom - THAT is what makes no sense. By the time this recession came and that administration ended, there wasn't really anything else to do but go further into deficit. In other words, the deficits that began emerging in the 2000s with the Bush policies limited the governments abilities to use its would-be surplus to counter the recession.

Another point is that surely massive and unlimited deficits can't go on forever, but the fact is that we're talking about a situation in which the US government ceases to be able to pay off its debt. This isn't going to happen in the foreseeable future, beginning with the fact that debt today is not historically that alarming (it's far below the peak burden as % of GDP, which was back in the early 1990s, or peak total debt-to-GDP ratios, which were MUCH larger than now, during WWII). The fact that "them darned forrrnerrsss" hold tons of US debt (especially China) is actually subsidizing the US ability to acquire more debt. None of the big holders have absolutely anything to gain (but a lot to lose) by a massive sell-off of US debt, China least of all.

The point is, yes, you actually could use more stimulus, because the other stimulus was not big enough. Furthermore, by far the most important stimulus is that to state and local governments.

 

[saveliberty]

Who the hell needs teachers, police and firefighters?

Well...let's see. We have kids that aren't learning, so scratch the teachers.

Crime rates are down and the libs hate the police, so axe a bunch of them.

Kalifonia might burn, but hardly a loss there, so we can halve them.