Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1122955 Apr 21, 2014
Keynesian Economics: Still Failing After All These Years

BY LOREN HEAL
04/30/2013
Keynesianism is still not working.

The central idea of the dominant economic philosophy in Washington, DC, is that when the private economy fails to produce enough demand, the government can and should step in to take up the economic slack. It should have been long since discredited. But like other bad ideas, people keep bringing it back.

No sane person would say we have not tried government spending to stimulate the economy. We've tried it over and over, and it does not work.

But still, some will beat a straw man until he cries for submission. Henry Blodgett, writing at Yahoo, noted that an important error had been uncovered in an influential economics finding.

Once the error was corrected, the "90% debt-to-GDP threshold" instantly disappeared. Higher government debt levels still correlated with slower economic growth, but the relationship was not nearly as pronounced. And there was no dangerous point-of-no-return that countries had to avoid exceeding at all costs.

The discovery of this simple math error eliminated one of the key "facts" upon which the austerity movement was based.

It also, in my opinion, settled the "stimulus vs. austerity" argument once and for all.

The argument is over. Paul Krugman has won. The only question now is whether the folks who have been arguing that we have no choice but to cut government spending while the economy is still weak will be big enough to admit that.

The straw man is twofold. First, debt is not just bad because it slows down the economy, which it does a little. Debt is bad because it eventually piles up and the interest crushes the economic life out of a nation.

Secondly, the 90% figure is important to those who identified the problem as the deficit (and taxes being too low), rather than as too much government that spends too much. Deficit and debt are symptoms of tring to spend our way out of a slow economy. As governments try to cushion the people from the effects of bad decisions or to spend their way to prosperity, they tend to develop high levels of debt.

Spending is the problem, not the solution. And should some "unexpected" set of conditions force a rise in interest rates, the huge debt will leave us without good options.

Europe has tried "austerity" since 2008, but the United States has not. The meaning of austerity is different over there: higher taxes on the people, with only a little more spending.

While dancing on the grave of austerity, the Keynesians sing a song of higher spending. Excess debt is fine, they chime, so high spending is nothing to worry about.

Contrary to Blodgett, all we have done since the 2010 elections is to keep the increases in government spending at bay. We are still spending an outrageous amount, and not getting anything for it.

Stimulus spending will continue to fail, because government spending, in and of itself, does not promote economic growth. There is no point going ever further into debt when doing so will not help.

If you say "A results in B," and B doesn't happen, then either A never happened or A does not, in fact, result in B. In this case, if you say "Government spending results in economic growth," and the economic growth doesn't happen, either government spending never happened or government spending does not, in fact, result in economic growth.

Since: Sep 08

Location hidden

#1122956 Apr 21, 2014
Teaman wrote:
<quoted text>
Nothing about any decline in the past 20 years. From what I read. much of the decline is due to a respiratory disease, a natural cause. Of all of the un-natural causes, cattle wasn't listed. From what I read, they're moving cattle off the land over tortoises being moved into the area? Is that right?
Yes. That is right. The land has belonged to the tortoise. Cattle are not and have not been welcome for twenty years.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1122957 Apr 21, 2014
Why doesn't government spending work? There are at least four reasons: taxation, regulation, bad aim, and dependency.

When government spends, it gets the money from somewhere: borrowing, printing, or taxation. In the end, all of these harm economic growth over the long term.

Borrowed money must be repaid with interest, resulting in taxes -- and the anticipation of future taxes -- that are higher than they would have been otherwise. Printing money reduces its value, a tax on the buying power of the money people already have.

Government spending comes with regulations. This may be the worst aspect of spending, because it lasts long after the spending is done. Sometimes government gives away money apparently without strings, but show me someone who is unemployed, and I will show you a law or regulation keeping them that way.

Government seldom spends on the right things, in terms of trying to stimulate the economy. If something were a good investment, the private sector would already be making it. Free markets fill voids.

For instance, the federal government continues to spend money to keep home prices inflated, in order to keep people happy with their economic situation. The thought is that people who believe their homes are worth a lot will continue to pay on their mortgages and be better consumers in other areas. But that also means that some people who want to buy homes are priced out of the market. This is also why you have seen so many company layoffs when stimulus money runs out. The market didn't create the need for that job, easy credit and government money did. When the money dries up, so do the jobs created.

The government also malinvests when trying to encourage immature technology in the marketplace. Rather than waiting for market conditions to coalesce around ethanol, solar power, or electric cars, the government tries to encourage people to take them up before they make economic sense, or worse, to force their acceptance by fiat.

That's not to say that all government spending is bad. It's just that neither bureaucrats nor elected officials can pick the right things to spend money on to improve the economy. Even spending on infrastructure doesn't, by itself, help the economy as a whole. The infrastructure that gets built may help the economy, or it may be a bridge to nowhere.

Since: Mar 11

St. Croix valley

#1122958 Apr 21, 2014
DBWriter wrote:
<quoted text>
So, who came up with the government plan to slaughter the entire herd and bury them with the backhoe the government brought to the raid?
Are you stupid enough to think anyone in the BLM would slaughter the entire herd of a rancher living in the home state of the Majority Leader of the Senate without giving him the plan and getting his approval?
Looks like we need yet another investigation of the government.
where did you get this crazy, bullshit idea?

they were going to sell the cattle to pay the debt he owed from stealing our national treasure..

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1122959 Apr 21, 2014
frontporchreactionary wrote:
<quoted text> "resident Barack Obama may have expected a quiet Easter, but his presence rallied a congregation eager to greet him and his family to the front of the church.
Obama, wife Michelle and their daughters sat in the second row at Nineteenth Street Baptist Church, nearly two miles north of the White House.
They received a standing ovation during the welcome, with dozens of worshippers gathering around to shake the Obamas' hands and take pictures." Obama, Family Cause Small Stir At Easter Service @TPM http://talkingpointsmemo.com/news/obama-easte...
And?

Since: Mar 11

St. Croix valley

#1122960 Apr 21, 2014
flack wrote:
<quoted text> Once again.
The fundamental difference between an on exchange and off exchange health plan is where the applicant performs his or her enrollment. If the enrollment for the health plan is performed within a government-run marketplace for insurance, it is known as an on-exchange health plan. If the enrollment does not take place within the government-run marketplace for insurance, it is known as an off-exchange health plan. Both on and off-exchange health plans in the individual and small group markets must satisfy Essential Health Benefits coverage requirements and utilize one of the metal plan designs for medical out-of-pocket costs.
Both on and off-exchange health plans in the individual and small group markets must satisfy Essential Health Benefits coverage requirements and utilize one of the metal plan designs for medical out-of-pocket costs.
and that had nothing to do with my statement...

yes, of course the exchange plans are not as good as you can buy yourself in the free market. that is why they are there for those who could not afford insurance before...

and what percentage of insured americans are on these exchange plans? and you think that will tank the entire insurance market how?

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1122961 Apr 21, 2014
frontporchreactionary wrote:
<quoted text> "resident Barack Obama may have expected a quiet Easter, but his presence rallied a congregation eager to greet him and his family to the front of the church.
Obama, wife Michelle and their daughters sat in the second row at Nineteenth Street Baptist Church, nearly two miles north of the White House.
They received a standing ovation during the welcome, with dozens of worshippers gathering around to shake the Obamas' hands and take pictures." Obama, Family Cause Small Stir At Easter Service @TPM http://talkingpointsmemo.com/news/obama-easte...
Hitler had people fawning all over him also. We know how that turned out!

Since: Sep 08

Location hidden

#1122962 Apr 21, 2014
DBWriter wrote:
<quoted text>
So, who came up with the government plan to slaughter the entire herd and bury them with the backhoe the government brought to the raid?
Are you stupid enough to think anyone in the BLM would slaughter the entire herd of a rancher living in the home state of the Majority Leader of the Senate without giving him the plan and getting his approval?
Looks like we need yet another investigation of the government.
Where do you come up with this garbage? The BLM hired a wrangler and auctioneer from Utah to round up the cattle and sell them. After the governor stepped in and stopped the sell of Nevada cattle in Utah because it would negatively affect the price of beef in Utah, the trespass cattle were pinned up in Nevada. There was never any talk of slaughtering them and burying them. That is a Bundy lie.

Since: Sep 08

Location hidden

#1122964 Apr 21, 2014
woodtick57 wrote:
<quoted text>where did you get this crazy, bullshit idea?
they were going to sell the cattle to pay the debt he owed from stealing our national treasure..
Bundy is claiming that the BLM killed cows and buried them but if you look at the pictures, these cows are emaciated and were probably buried long before any siege. Ranchers bury their cattle all the time. Bundy says they were "dehydrated from running". IMO, it's all a lie.

Since: Mar 11

St. Croix valley

#1122965 Apr 21, 2014
USAsince1680 wrote:
<quoted text>
Where do you come up with this garbage? The BLM hired a wrangler and auctioneer from Utah to round up the cattle and sell them. After the governor stepped in and stopped the sell of Nevada cattle in Utah because it would negatively affect the price of beef in Utah, the trespass cattle were pinned up in Nevada. There was never any talk of slaughtering them and burying them. That is a Bundy lie.
DB will openly and knowingly lie about anything.

anything at all.

nothing he says can be taken at its worth. his word has no worth thus, he has no worth as a human.

“fairtax.org”

Since: Dec 08

gauley bridge wv

#1122967 Apr 21, 2014
Finally, government spending produces dependency. When government spends, people and companies sit around contemplating how to get the next handout. Instead of looking for a job, people tend to look in the mailbox. Rather than putting their time to productive use finding what people want to buy and selling it to them, companies focus on government grants and cost cutting.

Even if governments print money to give away without any strings to everyone (so the right people are sure to get it), the result is dependency. Don't take my word for it. Look around.

We have not tried cutting spending, slashing the bureaucracy, allowing markets to define technology and prices, or encouraging people and companies to make it on their own. Until we do, the economic morass will continue.
John Galt

Temecula, CA

#1122968 Apr 21, 2014
USAsince1680 wrote:
<quoted text>
Yes. I would be thrilled if the BLM returns in mass armed to the hilt. I would not, on the other hand, be thrilled to see anyone hurt or killed. Although something tells me you would love to see a few of the revolutionaries killed as it would give you one more reason to hate the United States of America.
....and a SWAT team to break down your door to collect taxes......
Realtime

Deltona, FL

#1122969 Apr 21, 2014
Teaman wrote:
<quoted text>
Nothing about any decline in the past 20 years. From what I read. much of the decline is due to a respiratory disease, a natural cause. Of all of the un-natural causes, cattle wasn't listed. From what I read, they're moving cattle off the land over tortoises being moved into the area? Is that right?
Tortoises-turtles are being used as some gauge__or form of measurement as to how much damage humans are causing through development.

Here in Florida we've spent million$ relocating gopher turtles (tortoises) and God only knows how much protecting nesting turtles along our beaches.

When I arrived in Florida, camping on the beach was legal as was drinking, building fires, scarooing, and skipping baby loggerheads across the sand was a form of amusement for many.

Well__times change__I miss drinking on the beach mostly__these days anyway__sand was never a good base for scarooing anyway, too sandy__and turtles truly are precious.

Farmers should own or lease the land they work__seems fair eh?

.
Duncan Keith

Chicago, IL

#1122970 Apr 21, 2014
flack wrote:
Finally, government spending produces dependency. When government spends, people and companies sit around contemplating how to get the next handout. Instead of looking for a job, people tend to look in the mailbox. Rather than putting their time to productive use finding what people want to buy and selling it to them, companies focus on government grants and cost cutting.
Even if governments print money to give away without any strings to everyone (so the right people are sure to get it), the result is dependency. Don't take my word for it. Look around.
We have not tried cutting spending, slashing the bureaucracy, allowing markets to define technology and prices, or encouraging people and companies to make it on their own. Until we do, the economic morass will continue.
At least you have given up trying to pretend all your stories were your own.
Duncan Keith

Chicago, IL

#1122971 Apr 21, 2014
Dumbazz tea baggers don't have a clue about the ' food chain' till their mcdonalds burger is threatened.
Duncan Keith

Chicago, IL

#1122972 Apr 21, 2014
woodtick57 wrote:
<quoted text>DB will openly and knowingly lie about anything.
anything at all.
nothing he says can be taken at its worth. his word has no worth thus, he has no worth as a human.
That is a fact

Since: Mar 11

St. Croix valley

#1122973 Apr 21, 2014
USAsince1680 wrote:
<quoted text>
Bundy is claiming that the BLM killed cows and buried them but if you look at the pictures, these cows are emaciated and were probably buried long before any siege. Ranchers bury their cattle all the time. Bundy says they were "dehydrated from running". IMO, it's all a lie.
Bundy is a proven liar and a thief...

what he says doesn't matter in any place on this planet.

Since: Mar 11

St. Croix valley

#1122974 Apr 21, 2014
flack wrote:
<quoted text> I posted it once before to him with the source. Hence the "once again". Here is the first posts : woodtick57 wrote:
<quoted text>so buy your oinsurance plan outside of the exchange!! are you really this stupid?
I don't normally read your drivel much less respond but I can't help myself this time.
healthpocket.com
The fundamental difference between an on exchange and off exchange health plan is where the applicant performs his or her enrollment. If the enrollment for the health plan is performed within a government-run marketplace for insurance, it is known as an on-exchange health plan. If the enrollment does not take place within the government-run marketplace for insurance, it is known as an off-exchange health plan. Both on and off-exchange health plans in the individual and small group markets must satisfy Essential Health Benefits coverage requirements and utilize one of the metal plan designs for medical out-of-pocket costs.
keep up.
and the first time it didn't address my point either...

do try to keep up,. fool....

Since: Mar 11

St. Croix valley

#1122975 Apr 21, 2014
Realtime wrote:
<quoted text>Tortoises-turtles are being used as some gauge__or form of measurement as to how much damage humans are causing through development.
Here in Florida we've spent million$ relocating gopher turtles (tortoises) and God only knows how much protecting nesting turtles along our beaches.
When I arrived in Florida, camping on the beach was legal as was drinking, building fires, scarooing, and skipping baby loggerheads across the sand was a form of amusement for many.
Well__times change__I miss drinking on the beach mostly__these days anyway__sand was never a good base for scarooing anyway, too sandy__and turtles truly are precious.
Farmers should own or lease the land they work__seems fair eh?
.
uh yeah...that whole hollywood ideal of making love in the surf?....ummm sand is abrasive and it is everywhere in the surf!

Every. Where!!!!!

and then the water has soalt in it!!! could there possibly be a worse place for scaroooing on this planet? i think not outside of an active volcano...

you ocean fols need to visit the beautiful beaches of our ten thousand Minnesota lakes! absolutely perfect place for scarooing...

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#1122977 Apr 21, 2014
White House Shows How Little Money Goes to Scientific Research: http://physics.about.com/b/2014/04/16/2013tax...

But, HEY! We've got more Muslims working at NASA!

Allah Akbar!

More Obamaphones! Praise Jeebus!

Meanwhile, China is on the Moon and Russia is headed to Mars.

Isn't Socialism just wonderful?

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