CBO: Stimulus "a net drag on the economy"

[The T]

You don't understand how Social Security works. The Trust Fund is INVESTED in order to generate INTEREST INCOME. That is how it makes its money grow. And it always has been that way.

Is he serious? Please tell me he is not serious.

Ponzi schemes are supposed to generate interest too...doesn't work out that way...does it?

 

[The T]

Okay you guys who won't accept a link from the Washington Times, regardless of who actually wrote it, would you accept Harvard Business School as a source?

. . . .The (Recovery Act) law may not have worked, but could other stimulus spending work? One could say that under the best case scenario, the existence of large multiplier, a perfect implementation, and an absence of massive debt accumulation, there is a chance that stimulus may deliver some results. That level of optimism requires a heavy dose of wishful thinking, however, and should be taken with a grain of salt. Research from Harvard Business School shows that federal spending in states causes local businesses to cut back rather than to grow. In other words, more government spending causes the private sector to shrink, the exact opposite of the intended result. . . .
Government Spending Shrinks the Private Sector | Debate Club | US News Opinion

Oh and here's the link to that Harvard Study:
http://www.people.hbs.edu/cmalloy/pdffiles/envaloy.pdf

Here is a novel idea, Why dont we judge it on the meaning of stimulate. Funding the status quo is in no way stimulation.

In other words some refuse to think outta the box?

 

[Full-Auto]

Why don't we ever hear what the CBO says about the Bush tax cuts?
CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years | Political Correction

"The Bush tax cuts cost about four times more than President Obama's oft-demonized Recovery Act"


The Bush tax cuts are the single largest driver of the deficit.

The Clinton era tax rates left us with budget surpluses and the greatest economic growth since the 50s and 60s.
RVC--Graphs

When will people learn? The Bush tax cuts sent this country into the worst deficit crisis in this nation's history.

Republican attempted to "starve the beast" by depriving government of the money to function. They have long admitted that the only thing that will kill medicare and social security is a fiscal emergency so deep that there will be no choice but to cut government spending.

"Starve the beast" has worked. Meaning: state's across the country have been forced to enact programs of austerity. Problem is: government spending since the postwar years has played a major role in lower and middle class consumption. Progressive taxation was used to redistribute wealth to the consumption classes. Now that we have weakened those policies, consumption is dead.

ONCE AGAIN WITH FAIRY TALES.

I can create a surplus anytime. Just dont pay all of the bills. Or in this particular case. THE ROSY PROJECTION SCAM.

I see you have bought in. Everyone has benefited from the cuts and the economy kept chugging along. Then in came a dem congress that campaigned on a bad economy. Then went ahead and made it so.

Starving the beast is the best strategy. Now if we could elect another few hundred tea partiers, we might have a country left to save.

 

[The T]

Why don't we ever hear what the CBO says about the Bush tax cuts?
CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years | Political Correction

"The Bush tax cuts cost about four times more than President Obama's oft-demonized Recovery Act"


The Bush tax cuts are the single largest driver of the deficit.

The Clinton era tax rates left us with budget surpluses and the greatest economic growth since the 50s and 60s.
RVC--Graphs

When will people learn? The Bush tax cuts sent this country into the worst deficit crisis in this nation's history.

Republican attempted to "starve the beast" by depriving government of the money to function. They have long admitted that the only thing that will kill medicare and social security is a fiscal emergency so deep that there will be no choice but to cut government spending.

"Starve the beast" has worked. Meaning: state's across the country have been forced to enact programs of austerity. Problem is: government spending since the postwar years has played a major role in lower and middle class consumption. Progressive taxation was used to redistribute wealth to the consumption classes. Now that we have weakened those policies, consumption is dead.

ONCE AGAIN WITH FAIRY TALES.

I can create a surplus anytime. Just dont pay all of the bills. Or in this particular case. THE ROSY PROJECTION SCAM.

I see you have bought in. Everyone has benefited from the cuts and the economy kept chugging along. Then in came a dem congress that campaigned on a bad economy. Then went ahead and made it so.

Starving the beast is the best strategy. Now if we could elect another few hundred tea partiers, and we might have a country left to save.

^^THIS. Tea Partiers know and campaign on the austerity measures that have to ensue IF we are to regain control. Status quo doesn't work...and is what has led us here.

 

[Listening]

A bump for more government stupidity.

 

[NYcarbineer]

Is he serious? Please tell me he is not serious.

Ponzi schemes are supposed to generate interest too...doesn't work out that way...does it?

When has SS missed a payment?

 

[Listening]

Is he serious? Please tell me he is not serious.

Ponzi schemes are supposed to generate interest too...doesn't work out that way...does it?

When has SS missed a payment?

According to our beloved Idiot-In-Chief...it could have missed one earlier this year.

Or do you not recall him saying that ?