Hey Clarise why don't you show me (you know post the proof) that $4 Trillion deal that the conservative/Republican/Tea Baggers in congress proposed and President Obama refused or admit (and at the same time prove) that you're simply spouting right wing noise machine false propaganda.

Oh well I know you're actually incapable of admitting you're really quite brainwashed and simply spout little snippets that got washed into your brain.

But wanted to point it out for everyone else to see.

 

I need to make a correction on the $17 Trillion figure I said it took to bail out the global financial sector due to the greed, corruption, and the AAA rating S&P gave to bundles of high risk loans.

Its not $17 Trillion. Now thanks to more information from the Federal Reserve its $18.2 Trillion.

Now, of course Old Tool and others will be quick to point out that this $1.2 Trillion was just temporary emergency loans the banks needed to remain solvent and some of them were paid back within days and so that money was not really lost.

I dispute that however because all of it was necessitated by the same greed and corruption that very nearly collapsed the global economy and caused the US Great Recession.

*not_secure_link*www.huffingtonpost.com/2011/08/22/federal-reserve-12-trillion-loans_n_933615.html

 

FFS! Less blogs more Wall Street Journal!

The rating agency's request for REAL cuts was all over the Journal and IBD for almost a month.

It is so hard to have anything resembling an intelligent conversation on ANY subject with you because you are so ill informed. Any source other than your 4 blogs you discount. Any time someone trumps your emotionally hinged insanity you issue personal attacks, like this one I quoted and highlighted.

This stuff is common sense. The US makes $100/year, but spends $115 / year, and owes $97. Only a liberal moron like you would say 'gee, its a great idea to net -$15/year and carry so much debt we are financially insolvent, lets just add more to it every year because we are not boned hard enough yet'.

ONLY $4T in IMMEDIATE cuts (not the bullshit over 10-20 years Washington is talking) will stop the bleeding. That's why the ratings agencies, WSJ, and IBD were saying what they were saying.

 

Actually, just like Clarise you're really only spouting more bullshit that got washed into your brain, and the proof of that is you will not be able to post anything that remotely resembles what you just said.

And I'll demonstrate what I can do and you can't.

The credit downgrade had two factors. One of course the deficit but the other was the conservative/Republican/Tea Baggers refusal to consider tax cuts.

*not_secure_link*www.ssc.wisc.edu/~mchinn/sandpdecision.pdf

 

Why worry about S&P? Their decision doesn't mean shit. Anyone who follows their advice will lose tremendously. Look at their track record...

Fuck 'em.

 

You meant "tax increases," but thank you for this post.

 

Thank you for the correction because I didn't catch it and I did mean tax increases not tax cuts.

 

This just seems to be getting better everyday.

Because what we've got here as Old Tool contends is the most basic philosophical differences between the two major parties, when it comes to taxes.

But I cannot think of a more insane time for the conservative/Republican/Tea Baggers in congress to try and stand on the lies of conservationism, such as tax cuts create jobs and tax increases kill jobs, with a 9.2% unemployment rate.

Especially when many of those conservative/Republican/Tea Baggers can't even sell that myth anymore to people on the right, let alone the Independents and Democrats.

Take a look at how bad Ben Stein tears Bill O'Reilly up on his own show. :excited:

*not_secure_link*www.rawstory.com/r...in-destroys-oreillys-talking-points-on-taxes/

 

Middle America Is Not Buying It Either

And just like Ben Stein offering to eat Bill O'Reilly's shoes if tax cuts for the rich create jobs average Americans don't appear to be believing that old conservative lie either.

At Town Hall, GOP Rep. Hultgren Can’t Explain How Bush Tax Cuts Created Jobs

*not_secure_link*thinkprogress.org/economy/2011/08/23/301385/town-hall-hultgren-bush-tax-cuts/

 

Thank you for proving me right yet again. . .

Can't win with ideas *open stumbles playbook* issue nonsensical emotional attack.

Your sources are blogs. . . I can set one of those up in under 15 minutes. My sources are the Wall Street Journal and Investors Business Daily. Credibility question? I win again.

I use math based on percentages of income v debt & spending. . . you counter with a fallacious personal attack. . . I win again.

Thank you for playing. You lose 3 / 3

 

You are an obvious and really stupid liar.

The source I used was the actual S&P analysis. Check it yourself fool instead of embarrassing yourself even more.


*not_secure_link*www.ssc.wisc.edu/~mchinn/sandpdecision.pdf

Speaking of nonsensical how's that 25% inflation rate you said you figured out all my yourself going?:excited:

My God what a hilarious fraud you are.:excited:

PS And there's no credibility question at all. You ain't got none. Its as simple as that.

 

Deven Sharma steps down as president of S&P.

*not_secure_link*www.forbes.com/sit...ma-is-out-as-president-of-sp-citi-exec-is-in/

 

Oh no he proves me right again with more personal attacks supported by blogs! I might have to work myself up to care in a few years. . .

Have you checked the price of corn lately? What about gas? How about your water bill? Your electric? Been watching Fed analysis?

I have. They PLAN on increasing the rate of inflation now because they want the future repayment value of money to be less then the interest repayment on the national debt. Which is a typical short sighted paper fix, because the discount rate on the sale of those treasury bonds will fall resulting in less money from the sale of those bonds which means that the relative IR of repayment will only MATCH and then EXCEED inflation.

Inflation is based on the ratio of [$ in the economy] / [real wealth in the economy] . If it is $1/$1 inflation change = 0%. If someone prints 3x as much money $3/$1 = 300% potential inflation.

Mock all you want. Math is math and your emotional flailing can't change that.

 

Um, excuse me. The effects of inflation are relative. In order for there to be a NET increase in price levels aggregate demand needs to shift back to where it was before the economic downturn FIVE years ago.

 

All I know is while there are some higher prices they can be traced to supply problems not inflation as in just charging more money for the same products.

Just off the top of my head there was the record cold temperatures that froze crops, flooding of prime farm land next to the Mississippi and droughts across the southwest.

Plus the one I've been wrong on for one of the few times in my life is predicting an increase in the price of gasoline when its actually gone down instead. That to me is the key indicator right there. Inflation starts and stops at the gas and diesel pumps because the cost of fuel effects the cost of everything else.

 

Fix Social Security For The Next 75 Years

I bet the members who call themselves "independents" are just going to love this recommendation from Independent Senator Bernie Sanders.
Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

*not_secure_link*thinkprogress.org/...-social-security-funding-for-nearly-75-years/

 

sure why not....it will give congress more money to loot for other purposes...more special issue US Bonds that may or may not be ever paid back....

 

But if you listen to the hysteria from the conservative/Republican/Tea Baggers Social Security is doomed and there's nothing we can do about that to make in solvent. And they just never finish the sentence by saying other than raising taxes on the wealthiest Americans.

Its also why brainwashed parrots see Social Security as some kind of welfare program instead of something I paid into all my working life, and what I get back is based on my contributions to the trust fund, and being on disabled three to five years before I was going to retire simply means I get less per month not something for nothing.

 

I was talking to an elderly acquaintance of ours yesterday...she's a conservative Republican, owing to her strong feelings about abortion, and social security represents nearly half of her total income (my husband and I help her with her financial affairs). She was completely shocked when I told her that I believe the agenda of the Republican party is to end Social Security as we know it. I told her that Rick Perry had referred to it as a "ponzi scheme", that George Bush had made a strong effort to "privatize" it.

I think there are a lot of people out there like her. They don't follow politics, and they don't think anything our elected officials do will have much impact on their lives. And when you tell them about the threat, they simply don't believe it. Or if they do, they think (perhaps correctly) that it won't effect them.

But the people I really don't get are the tea-partiers. In theory, at least, they're better informed than my elderly friend. But they either don't believe, through some form of doublethink, that the agenda of the Republican Party is to demolish Social Security, or they're actually for that, even though they've been paying into the system all their lives, or they have parents and grandparents who depend on it.

 

I have to agree and would point out I think part of the problem with the older generation especially is they cannot believe a program like social security would be under attack of that some people consider it a bad thing. I know my grandfather and grandmother thought it was the best and maybe the only thing the Government had ever done for them. And they considered literal insurance against an uncertain world and another depression.

And on the other end of the spectrum we have younger people who have bought into the lies who were not around to see senior citizens eating pet food, freezing to death in their apartments, or dying form easily treated medical problems just because they could not afford a doctor.

But they also think its something that can't and won't happen to them which is a really illogical and irrational way to look at the cold hard facts of this life. We not only all get old. Anyone of us could be disabled by an accident or illness at any moment.

The good thing, however, is the people supporting Social Security in all the different groups, far out number the brainwashed parrots and their manipulators. Even the Tea Party supports raising the caps instead of cutting benefits.

So its pretty easy to see just how bought and paid for the conservative/Republican/Tea Baggers in congress are by the wealthiest 5%, when they are willing to go against the will of about 75% of the nation.