We Are Witnessing the Failure of Socialism

[Google]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

 

[auditor0007]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

It all boils down to making certain we have adequate revenues to fund our government while not overspending to the point of creating a larger and larger debt to pass on. While I would agree that just spending more with more borrowed money is not a good idea and would not be beneficial, I also do not see cutting government to the core as being beneficial either.

 

[occupied]

If it is the death of socialism then it is the birth of ......what?

 

[Google]

If it is the death of socialism then it is the birth of ......what?

I never said death of socialism, it is alive and well here in the US. It is the failure of socialism, which is inevitable where ever it is applied.

After having power for 8 years in Spain the socialists have destroyed the economy and burdened the nation with unsustainable debt.

The conservative party won in a landslide.

 

[oreo]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

The 5 best sentences.

1. You cannot legislate the poor into prosperity, by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work, because somebody else is going to get what they work for, that, my friend is the beginning of the end of any nation.

Andrian Rogers 1931.

 

[Sallow]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

 

[occupied]

I happen to see this mess as more of a failure of capitalism to be an overall benefit to society, if it were so great the world would not be so unstable. We need both working together, not this stupid adversarial boom and bust, winner take all bullshit.

 

[BluePhantom]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

Well...dude. You are talking about a guy who argued that 9/11 was a great thing because it would boost our economy a mere three days after the attack.

"Our economy is so huge that the scenes of destruction, awesome as they are, are only a pinprick...Nobody has a dollar figure for the damage yet, but I would be surprised if the loss is more than 0.1 percent of U.S. wealth -- comparable to the material effects of a major earthquake or hurricane....So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects."

"...the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.....Now it seems that we will indeed get a quick burst of public spending"

Reckonings - After The Horror - Op-Ed - NYTimes.com

 

[bripat9643]

It all boils down to making certain we have adequate revenues to fund our government while not overspending to the point of creating a larger and larger debt to pass on. While I would agree that just spending more with more borrowed money is not a good idea and would not be beneficial, I also do not see cutting government to the core as being beneficial either.

Of course you don't. You're a socialist, and you're probably sucking off the government tit.

 

[Sallow]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

Well...dude. You are talking about a guy who argued that 9/11 was a great thing because it would boost our economy a mere three days after the attack.

"Our economy is so huge that the scenes of destruction, awesome as they are, are only a pinprick...Nobody has a dollar figure for the damage yet, but I would be surprised if the loss is more than 0.1 percent of U.S. wealth -- comparable to the material effects of a major earthquake or hurricane....So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects."

"...the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.....Now it seems that we will indeed get a quick burst of public spending"

Reckonings - After The Horror - Op-Ed - NYTimes.com

And?

Had that been done..instead of the war crime of Iraq..we'd be in better shape now. And the WTC would have been rebuilt.

 

[bripat9643]

If it is the death of socialism then it is the birth of ......what?

Why do you believe a bad idea needs to be replaced with another bad idea?

 

[Jarhead]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

Wow...you said that with such confidence....yet there is no evidence of it...Sure...some that believe that socialism works calim that....but havent been ablke to prove it.

Truth is, when you establish socialism, it works for a while...but it is just a matter of time before the takers outweigh the givers......and that is what is happening in europe.

 

[Ame®icano]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

Left is in love with European "high class" socialism. Progressives/liberals here and socialists there are the two sides of the same coin.

 

[bripat9643]

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

I love the way socialists portray socialist governments as the helpless pawns of sinister capitalists. If these government officials can't avoid gutting suckered by con artists, then what makes them qualified to run an economy? What makes them qualified to spend almost half of everything I earn?

 

[Sallow]

During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

These people told us that the debt and deficit isn't detrimental at all.

"It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

Wow...you said that with such confidence....yet there is no evidence of it...Sure...some that believe that socialism works calim that....but havent been ablke to prove it.

Truth is, when you establish socialism, it works for a while...but it is just a matter of time before the takers outweigh the givers......and that is what is happening in europe.

What the heck do you mean, no evidence of it? Holy crap. You think our financial crisis stopped at our shores?

Seriously?

 

[bripat9643]

I happen to see this mess as more of a failure of capitalism to be an overall benefit to society, if it were so great the world would not be so unstable. We need both working together, not this stupid adversarial boom and bust, winner take all bullshit.

Government makes the world unstable, not capitalism. Government has been the major player in every financial boondoggle since the Civil War. Government meddling in credit markets is what causes credit bubbles.

Socialists are always trying to blame capitalism for their disastrous policies. Every few years they come out with some new scheme to solve the problems they created the last time, the result is an even bigger disaster.

When are people going to learn?

 

[Jarhead]

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

Wow...you said that with such confidence....yet there is no evidence of it...Sure...some that believe that socialism works calim that....but havent been ablke to prove it.

Truth is, when you establish socialism, it works for a while...but it is just a matter of time before the takers outweigh the givers......and that is what is happening in europe.

What the heck do you mean, no evidence of it? Holy crap. You think our financial crisis stopped at our shores?

Seriously?

So let me get this straight...

You are blaming the US for the Europes financial crisis?

 

[ekrem]

The sun rises in the East.

 

[Sallow]

What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.

I love the way socialists portray socialist governments as the helpless pawns of sinister capitalists. If these government officials can't avoid gutting suckered by con artists, then what makes them qualified to run an economy? What makes them qualified to spend almost half of everything I earn?

That's what happened ace, and I didn't vote for the sucker that was asleep at the wheel while this was going on, George W. Bush. That's on you guys.

 

[Sallow]

Wow...you said that with such confidence....yet there is no evidence of it...Sure...some that believe that socialism works calim that....but havent been ablke to prove it.

Truth is, when you establish socialism, it works for a while...but it is just a matter of time before the takers outweigh the givers......and that is what is happening in europe.

What the heck do you mean, no evidence of it? Holy crap. You think our financial crisis stopped at our shores?

Seriously?

So let me get this straight...

You are blaming the US for the Europes financial crisis?

Yeah. Those toxic assets got into everyone's banks. Ah..and in case you aren't aware of this, most financial institutions are multinational. NYSE/Euronext ring a bell?