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Old 09-24-2012, 12:09 AM   #101
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How much of that $16 trillion came from the unfunded wars, bailouts, and tax cuts? I'll wait.

Also, tell me what you know about the deficit. I'm no economist, but I know enough about economics from my undergraduate and graduate education.

"If the spending that creates deficits supports your party’s programs, fiscal irresponsibility doesn’t matter."

The deficit wasn't a big deal when we were losing jobs by the truckload last decade, so now all of a sudden it matters.
Lol ive actually had my nose in an Economics textbook a good part of the day. Got an exam tomorrow...


And debt rose 4.88 T under 8 years of bush. So far we are up ~6T in 3.5 years of Obama. Yes, part of that comes from defense costs, but what about failed stimulus and economic projects?
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Old 09-24-2012, 12:09 AM   #102
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Quote:
Originally Posted by Spartanator

How much of that $16 trillion came from the unfunded wars, bailouts, and tax cuts? I'll wait.

Also, tell me what you know about the deficit. I'm no economist, but I know enough about economics from my undergraduate and graduate education.

"If the spending that creates deficits supports your party's programs, fiscal irresponsibility doesn't matter."

The deficit wasn't a big deal when we were losing jobs by the truckload last decade, so now all of a sudden it matters.
How does printing 23 billion dollars fix anything?
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Old 09-24-2012, 12:14 AM   #103
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How does printing 23 billion dollars fix anything?
FWIW, if you're the President, and the treasury recommends that you print money to keep the economy afloat, then what would you do?
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Old 09-24-2012, 12:17 AM   #104
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Some opinion, but fair enough. If some of your deductions are eliminated, then will your effective tax rate go up?

http://www.bloomberg.com/news/2012-0...ans-taxes.html
If some deductions are eliminated, yes. But, if at the same time tax rates are lowered, then the net affect maybe zero. I am actually okay paying a little bit more as long as it goes to reducing the debt, and I want guarantees from who ever is elected. The debt is too high, if we don't make changes my children are screwed. There are easy fixes to several of our problems, like social security, but I don't tink either candidate has the backbone to make them, due to loss of votes.
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Old 09-24-2012, 12:23 AM   #105
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Have fun fixing the debt. It's been around awhile.
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Old 09-24-2012, 12:24 AM   #106
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FWIW, if you're the President, and the treasury recommends that you print money to keep the economy afloat, then what would you do?
I think you are referencing the Quantitative Easing programs the Fed (not treasury) has put in place. They did not recommend it to the president as they are independent from all offices. The Fed chiefs (Bernake) are appointed by sitting presidents, if their term ends during their presidency. The Fed then puts forward its monetary policy based on their committee meetings. In all reality, the chief does not need follow the committee recomendations as he is the chief. Though it usually follows the majority of the fed members votes.
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Old 09-24-2012, 12:24 AM   #107
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If some deductions are eliminated, yes. But, if at the same time tax rates are lowered, then the net affect maybe zero. I am actually okay paying a little bit more as long as it goes to reducing the debt, and I want guarantees from who ever is elected. The debt is too high, if we don't make changes my children are screwed. There are easy fixes to several of our problems, like social security, but I don't tink either candidate has the backbone to make them, due to loss of votes.
I agree with everything you're saying, minus paying more. Honestly, I don't want to pay more because I pay out every year. If it weren't for my mortgage interest deduction, I'd be paying even more.

Restore the Clinton era tax cuts, end these expensive wars, cut foreign aid, continue to build jobs so we can keep middle class tax rates the same and bring in additional tax revenue. Whatever candidate can provide me with that path, I'm onboard 100%. I lean left for the most part, but I'll be onboard with a right wing guy if he/she can do just that.
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Old 09-24-2012, 12:25 AM   #108
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I think you are referencing the Quantitative Easing programs the Fed (not treasury) has put in place. They did not recommend it to the president as they are independent from all offices. The Fed chiefs are appointed by sitting presidents, if their term ends during their presidency. The Fed then puts forward its monetary policy based on their committee meetings. In all reality, the chief does not need follow the committee recomendations as he is the chief. Though it usually follows the majority of the fed members votes.
I'm very aware of how the fed chiefs are appointed, and no, I'm not referring to quantitative easing.
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Old 09-24-2012, 12:28 AM   #109
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I'm very aware of how the fed chiefs are appointed, and no, I'm not referring to quantitative easing.
What were you referring to? The 23 billion I was speaking of is the QE3
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Old 09-24-2012, 12:29 AM   #110
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Lol ive actually had my nose in an Economics textbook a good part of the day. Got an exam tomorrow...


And debt rose 4.88 T under 8 years of bush. So far we are up ~6T in 3.5 years of Obama. Yes, part of that comes from defense costs, but what about failed stimulus and economic projects?
The stimulus failed according to who? The unemployment rate would have been in the double digits if it weren't for the stimulus! Why do you think those who opposed the current President railed against it?

What failed economic projects?
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