Who do you support for U.S. Senate in...
Oh my

Blairsville, GA

#7501 Apr 23, 2013
Meet the 28-Year-Old Grad Student Who Just Shook the Global Austerity Movement
By Kevin Roose
4/18/13 at 4:29 PM
http://nymag.com/daily/intelligencer/2013/04/...

Most Ph.D. students spend their days reading esoteric books and stressing out about the tenure-track job market. Thomas Herndon, a 28-year-old economics grad student at UMass Amherst, just used part of his spring semester to shake the intellectual foundation of the global austerity movement.

Herndon became instantly famous in nerdy economics circles this week as the lead author of a recent paper, "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff," that took aim at a massively influential study by two Harvard professors named Carmen Reinhart and Kenneth Rogoff. Herndon found some hidden errors in Reinhart and Rogoff's data set, then calmly took the entire study out back and slaughtered it. Herndon's takedown which first appeared in a Mike Konczal post that crashed its host site with traffic was an immediate sensation. It was cited by prominent anti-austerians like Paul Krugman, spoken about by incoming Bank of England governor Mark Carney, and mentioned on CNBC and several other news outlets as proof that the pro-austerity movement is based, at least in part, on bogus math....

Since: Jul 12

Douglasville, GA

#7502 Apr 23, 2013
Oh my wrote:
Meet the 28-Year-Old Grad Student Who Just Shook the Global Austerity Movement
By Kevin Roose
4/18/13 at 4:29 PM
http://nymag.com/daily/intelligencer/2013/04/...
Most Ph.D. students spend their days reading esoteric books and stressing out about the tenure-track job market. Thomas Herndon, a 28-year-old economics grad student at UMass Amherst, just used part of his spring semester to shake the intellectual foundation of the global austerity movement.
Herndon became instantly famous in nerdy economics circles this week as the lead author of a recent paper, "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff," that took aim at a massively influential study by two Harvard professors named Carmen Reinhart and Kenneth Rogoff. Herndon found some hidden errors in Reinhart and Rogoff's data set, then calmly took the entire study out back and slaughtered it. Herndon's takedown which first appeared in a Mike Konczal post that crashed its host site with traffic was an immediate sensation. It was cited by prominent anti-austerians like Paul Krugman, spoken about by incoming Bank of England governor Mark Carney, and mentioned on CNBC and several other news outlets as proof that the pro-austerity movement is based, at least in part, on bogus math....
I saw the interview with him. He is a very young man and has very little real life wisdom.
His basic theory is to spend your way out of a depression. If that works then why don't you and I do that, and I bet we go bankrupt very quickly. He wants the countries to keep printing money and spending it to keep the economy up. He says that cutting spending just causes more job loses and a weaker economy.
He is probably correct about that but I wonder just how long a country can keep printing money and overspending before it actually collapses. It might be a no win situation either way. The moral of the story is not to let your country spend more than it takes in and live within a budget. This country has had no budget in 4 years. Hummm, could that be a problem? I wonder what he would say about that?
Since I am not an economic professor all these people can claim anything and it is probably just smoke and mirrors. None of these so called experts agree. If any of them are correct then why hasn't anything worked? All I know is old fashioned economics such as make a budget and live within your means has worked since almost the beginning of man. Common sense and trial and error over centuries have proven it that to be true.
Perhaps the only way out is total economic collapse, hurt for awhile, and start over. That is how it will end for sure if we keep spending more than we take in to run this country.
columbus native

Edmond, OK

#7503 Apr 23, 2013
Oh my wrote:
<quoted text>
Sorry, but you can't separate one from the other, Freedon of Reilgion and Freedom from Religion are two sides of the same coin.
When the Supreme Court stopped the reading of daily devotionals over the PA System in my elementary school it did not prohibit public worship, Christians still had numerous churches to attend, but it did disentangle the state from promoting religion.
Perhaps you could explain how public worship is currently prohibited, because I see many doezens of churches within our small community, I see street corner preachers hawking their wares, I see people praying in public, I see the open display of religion on private property during religious holidays, I see religious opinions expressed in the local paper and on public message boards like this.
It does me no injury for my neighbor to say there are 20 gods, or no god. It neither picks my pocket nor breaks my leg.
-Thomas Jefferson
Religious institutions that use government power in support of themselves and force their views on persons of other faiths, or of no faith, undermine all our civil rights.
-Thomas Jefferson, letter to Danbury Baptists
Very good statements indeed. These christians can't agree on many things themselves but want all of us to accept their christ. This is one of the reasons you could'nt buy alcohol on sundays and many would prevent all of us from buying liquor anytime. Another reason they draw all of us into war ,to fight muslims who think differenly about God. They are always trying to be fixers to almost all countries with our tax dollars. Let them worship the way they want and leave the rest of us the hell alone. These big churches have been collecting billions of dollars every year and don't have to pay taxes. They buy all kinds of real estate investment property and yet they claim to be non-profit BS! This country needs a lot of fixing up itself before it can inspire other countries to help themselves.
columbus native

Edmond, OK

#7504 Apr 23, 2013
OMTE wrote:
<quoted text>Without God there will always be something missing. It's our duty to teach them to understand the pledge they are taking and if you don't consent to it you're not an american.
It's good to worship and teach God to yourself, the problem comes when you try and push it on others who are'nt interested.
columbus native

Edmond, OK

#7505 Apr 23, 2013
Synergy wrote:
<quoted text>
Perhaps you should read back a few pages and take a look at the insults CN has thrown. I don't look for trouble. You don't know me, so to make a judgement in regard to whether or not I have compassion for people "beneath" me is rather judgemental of YOU. I have compassion for people whom I feel need it and deserve it. There is not one lib on this site that deserves one bit of compassion from me; ESPECIALLY "Columbus Native". He IS a TROLL. Unless you've been reading for quite sometime while not posting, you need to catch up before telling me, or anyone else for that matter, whether we have human compassion or not. See, that's YOUR problelm. You are judging people when you don't have all the facts. Sheesh.......
What is this "why is everybody picking on me" Don't play the role of a martyr just answer my questions without resorting to some shallow statement TROLL. See you can't explain romney and give some intelligent defining answers to why he should be president. Come on now we are all waiting! You republicans are just pissed we all had to rebuke him from the Whitehouse. By the way the Stock Market has hit record highs, Obama is drawing down troops in Afganistan, cutting a massive bloated defence down to a right size and I could go on and on. All this will bring the deficits down.

Since: Nov 12

Location hidden

#7506 Apr 23, 2013
Oh my wrote:
<quoted text>
Sweet Baby Jesus told me that ol' Tommy had once admitted that he really didn't know how things would work out, that he now realized that as the country changed he was thankful that the governmental framework he had helped create was flexible enough to respond to the demands of the time.
Jefferson was pretty clear in his views on a large and intrusive government:

"A wise and frugal Government,... shall leave them free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government...."

"Experience hath shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny."

"I own I am not a friend to a very energetic government. It is always oppressive."

"The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive."

"The natural progress of things is for liberty to yield and government to gain ground."

And in talking about the effects of dependence upon others:
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition."
formerresident

Decatur, GA

#7507 Apr 23, 2013
Aggie, you are 100% correct on this point. Great post! I totally agree. The resistance to government is so exhausting that I wouldn't wish it on anybody in their right mind. If you are in your right mind when you start, you won't be when you finish. I have no idea how I have any sanity left, if I do.
I have never worked so focussed on a task, for so long with such little results in my life. I earned a graduate degree faster then this. It cost less and I had one piece of paper, not paper so heavy I can't carry it. Our government has so many paper trails, there is no wonder we get nothing done. We are one layered mess.
Oh my

Blairsville, GA

#7508 Apr 23, 2013
Bigdave1 wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
I saw the interview with him. He is a very young man and has very little real life wisdom.
His basic theory is to spend your way out of a depression. If that works then why don't you and I do that, and I bet we go bankrupt very quickly....
While it may be easy to understand when we equate government spending to household spending, the reality is that they are not alike at all.

http://en.wikipedia.org/wiki/Deficit_spending
Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views.[1] The "mainstream economics" position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit: run deficits during recessions to compensate for the shortfall in aggregate demand, but run surpluses in boom times so that there is no net deficit over an economic cycle, i.e., only run cyclical deficits. This is derived from Keynesian economics, and gained acceptance (especially in the Anglo-Saxon world) during the period between the Great Depression in the 1930s and post-WWII in the 1950s.

That position is attacked from both sides advocates of sound finance argue that deficit spending is always bad policy, while some Post-Keynesian economists, particularly Chartalists, argue that deficit spending is necessary, and not only for fiscal stimulus.

Keynesian Effect
Following John Maynard Keynes, many economists recommend deficit spending to moderate or end a recession, especially a severe one. When the economy has high unemployment, an increase in government purchases creates a market for business output, creating income and encouraging increases in consumer spending, which creates further increases in the demand for business output.(This is the multiplier effect). This raises the real gross domestic product (GDP) and the employment of labour, and if all else is constant, lowers the unemployment rate.(The connection between demand for GDP and unemployment is called Okun's Law.)

The increased size of the market, due to government deficits, can further stimulate the economy by raising business profitability and spurring optimism, which encourages private fixed investment in factories, machines, and the like to rise. This accelerator effect stimulates demand further and encourages rising employment. Increase in government payroll has been shown to depress the economy in the long run.[citation needed]

Similarly, running a government surplus or reducing its deficit reduces consumer and business spending and raises unemployment. This can lower the inflation rate. Any use of the government deficit to steer the macro-economy is called fiscal policy.

A deficit does not simply stimulate demand. If private investment is stimulated, that increases the ability of the economy to supply output in the long run. Also, if the government's deficit is spent on such things as infrastructure, basic research, public health, and education, that can also increase potential output in the long run. Finally, the high demand that a government deficit provides may actually allow greater growth of potential supply, following Verdoorn's Law.

There is, however, a danger that deficit spending may create inflation - or encourage existing inflation to persist.(In the United States, this is seen most clearly when Vietnam-war era deficits encouraged inflation.) This is especially true at low unemployment rates (say, below 4% unemployment in the U.S.)....
Oh my

Blairsville, GA

#7509 Apr 23, 2013
Aggie23 wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Jefferson was pretty clear in his views on a large and intrusive government:
"A wise and frugal Government,... shall leave them free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government...."
"Experience hath shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny."
"I own I am not a friend to a very energetic government. It is always oppressive."
"The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive."
"The natural progress of things is for liberty to yield and government to gain ground."
And in talking about the effects of dependence upon others:
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition."
Jefferson was a product of his time, there is no way to know how he would react to the demands and problems faced by subsequent administrations. The country and problems faced by the United States of 1803 was not the country of 1853, 1883, 1933, 1963, or 2013. Whether Jefferson would stand firm in his beliefs when facing new challenges is purely conjecture.

“Liberals are closet raaacists!”

Since: Nov 08

Location hidden

#7510 Apr 23, 2013
columbus native wrote:
<quoted text>What is this "why is everybody picking on me" Don't play the role of a martyr just answer my questions without resorting to some shallow statement TROLL. See you can't explain romney and give some intelligent defining answers to why he should be president. Come on now we are all waiting! You republicans are just pissed we all had to rebuke him from the Whitehouse. By the way the Stock Market has hit record highs, Obama is drawing down troops in Afganistan, cutting a massive bloated defence down to a right size and I could go on and on. All this will bring the deficits down.
You are a TROLL. You showed your complete ignorance by stating that you were leaving this forum because we were all too dumb for you. Well, HERE YOU ARE! lol You are such a tool. You don't deserve any serious consideration.
What does Romney have to do with ANYTHING? Any statments you make in regards to the type of president he would have been is simply speculation. You have no IDEA the kind of president he would have been. But, one thing is for SURE. YOU voted TWICE for an individual who won't even condemn the members of al Quida. He was asked his opinion of al Quida and he totally skirted the question. Never DID answer it. You think you are so intelligent when in reality you are supported and participating in systematically dismantling this country. Guess what? Democratic Senator Bachus has suddenly decided that he isn't running for reelection. Wonder why? Could it be that a couple of weeks ago he warned that instating Obamacare was going to be a TRAINWRECK? Heck! He helped craft the legislation for Obamacare. ALSO, he broke ranks with fellow democrats and didn't support more background checks for those purchasing guns. The Obama Mean Machine kicked in and now Bachus is OUT after this term. You ignorant liberals are too stupid to see what you are going. Move on, TROLL.

“Liberals are closet raaacists!”

Since: Nov 08

Location hidden

#7511 Apr 23, 2013
Oh my wrote:
<quoted text>
Jefferson was a product of his time, there is no way to know how he would react to the demands and problems faced by subsequent administrations. The country and problems faced by the United States of 1803 was not the country of 1853, 1883, 1933, 1963, or 2013. Whether Jefferson would stand firm in his beliefs when facing new challenges is purely conjecture.
Bet if his words supported YOUR current agenda, you would be praising his intellectual prowess. "Jefferson was a product of his time". Gotta love it. The liberal mantra, "When all else fails, resort to "time".

“Liberals are closet raaacists!”

Since: Nov 08

Location hidden

#7512 Apr 23, 2013
Synergy wrote:
<quoted text>
You are a TROLL. You showed your complete ignorance by stating that you were leaving this forum because we were all too dumb for you. Well, HERE YOU ARE! lol You are such a tool. You don't deserve any serious consideration.
What does Romney have to do with ANYTHING? Any statments you make in regards to the type of president he would have been is simply speculation. You have no IDEA the kind of president he would have been. But, one thing is for SURE. YOU voted TWICE for an individual who won't even condemn the members of al Quida. He was asked his opinion of al Quida and he totally skirted the question. Never DID answer it. You think you are so intelligent when in reality you are supported and participating in systematically dismantling this country. Guess what? Democratic Senator Bachus has suddenly decided that he isn't running for reelection. Wonder why? Could it be that a couple of weeks ago he warned that instating Obamacare was going to be a TRAINWRECK? Heck! He helped craft the legislation for Obamacare. ALSO, he broke ranks with fellow democrats and didn't support more background checks for those purchasing guns. The Obama Mean Machine kicked in and now Bachus is OUT after this term. You ignorant liberals are too stupid to see what you are going. Move on, TROLL.
I should have said, "jihadas" rather than al Qaeda.
Oh my

Blairsville, GA

#7513 Apr 23, 2013
Press Release FAA Statement
April 23, 2013
http://www.faa.gov/news/press_releases/news_s...

As a result of employee furloughs due to sequestration, the FAA is implementing traffic management initiatives at airports and facilities around the country. Travelers can expect to see a wide range of delays that will change throughout the day depending on staffing and weather-related issues. For example, the FAA is experiencing staffing challenges at the New York and Los Angeles En Route Centers and at the Dallas-Ft. Worth and Las Vegas TRACONs. Controllers will space planes farther apart so they can manage traffic with current staff, which will lead to delays at airports including DFW, Las Vegas and LAX. The FAA also expects delays at Newark and LaGuardia because of weather and winds.

The FAA will continue to work with the airlines throughout the day to try and minimize delays for travelers. We encourage all travelers to check their flight status and also to visit fly.faa.gov for the latest airport delay information.

Yesterday more than 1,200 delays in the system were attributable to staffing reductions resulting from the furlough. There were more than 1,400 additional delays as a result of weather and other factors.
Oh my

Blairsville, GA

#7514 Apr 23, 2013
Synergy wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Bet if his words supported YOUR current agenda, you would be praising his intellectual prowess. "Jefferson was a product of his time". Gotta love it. The liberal mantra, "When all else fails, resort to "time".
Go back a few pages and you will see that I did quote Jefferson in support of a position, but that does not detract from the post you reference. The world of 1803 did not have to deal with the problems and demands of subsequent administrations, perhaps you could enlighten us on how Jeffersonian limited government, self-reliance, and the independence of the states would fare against industrial pollution that crosses state lines.
Oh my

Blairsville, GA

#7515 Apr 23, 2013
Aggie23 wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Jefferson was pretty clear in his views on a large and intrusive government:
You do realize that both large and intrusive are completely subjective terms.

Is the government large and intrusive that regulates food processing procedures, or industrial pollution, or work place safety. Perhaps labor relations need to swing back to management whose prime concern is making a profit.

pure nuts

Reidsville, GA

#7516 Apr 23, 2013
Synergy wrote:
<quoted text>
If a conservative even had a HINT of this crap in his background, you libs would be going insane. It's that old liberal double standard. With Obama's very questionalbe past, if he had been white, he wouldn't have even been ASKED to speak at the DNC much less gotten the nomination later. You know it and so does everyone else. He has been given a blanket pass because he is black. No other reason. Social experiement.
Not a conservative or lib, but I can smell a load of crap a mile away. Will NEVER understand why and how anyone with an ounce of sense could waste their time believing such nonsense. A pass are you kidding? If FNC and the rest of the idiot fringe of the Republican Party had any proof of the nonsense they have claimed Obama would be gone years ago, you are a nut.
big deal

Reidsville, GA

#7517 Apr 23, 2013
Oh my wrote:
Press Release FAA Statement
April 23, 2013
http://www.faa.gov/news/press_releases/news_s...
As a result of employee furloughs due to sequestration, the FAA is implementing traffic management initiatives at airports and facilities around the country. Travelers can expect to see a wide range of delays that will change throughout the day depending on staffing and weather-related issues. For example, the FAA is experiencing staffing challenges at the New York and Los Angeles En Route Centers and at the Dallas-Ft. Worth and Las Vegas TRACONs. Controllers will space planes farther apart so they can manage traffic with current staff, which will lead to delays at airports including DFW, Las Vegas and LAX. The FAA also expects delays at Newark and LaGuardia because of weather and winds.
The FAA will continue to work with the airlines throughout the day to try and minimize delays for travelers. We encourage all travelers to check their flight status and also to visit fly.faa.gov for the latest airport delay information.
Yesterday more than 1,200 delays in the system were attributable to staffing reductions resulting from the furlough. There were more than 1,400 additional delays as a result of weather and other factors.
Its a little funny to me, as soon as budget cuts hit the people who can afford to fly,today thats upper middle class and above its a big issue. When its pregnant women, poor Americans and children who should be getting a first class education who have funding cut, not such a big deal.

“Liberals are closet raaacists!”

Since: Nov 08

Location hidden

#7518 Apr 23, 2013
pure nuts wrote:
<quoted text>
Not a conservative or lib, but I can smell a load of crap a mile away. Will NEVER understand why and how anyone with an ounce of sense could waste their time believing such nonsense. A pass are you kidding? If FNC and the rest of the idiot fringe of the Republican Party had any proof of the nonsense they have claimed Obama would be gone years ago, you are a nut.
lol He has gotten plenty of passes. For whatever reasons, you just blow them off. I DO believe he was born in Hawaii. He has simply been too clandestine in regard to his past. I think that's been by design.
If you defend what he has done as president, you are not just a liberal, but an EXTREME liberal. If I'm a nut, you are a fool. I had rather be a nut.

Since: Nov 12

Location hidden

#7519 Apr 23, 2013
Oh my wrote:
<quoted text>
Jefferson was a product of his time, there is no way to know how he would react to the demands and problems faced by subsequent administrations. The country and problems faced by the United States of 1803 was not the country of 1853, 1883, 1933, 1963, or 2013. Whether Jefferson would stand firm in his beliefs when facing new challenges is purely conjecture.
Those quotes reflected the positions he developed and that were apparently affirmed throughout his lifetime. They are based not on the changing "demands and problems faced by" administrations, but rather by an understanding of the unchanging weaknesses in his fellow man. He understood that those who achieve power in office can be corrupted by the power they hold. And not necessarily in terms of "financial corruption", but more importantly in terms of the almost irresistible urge to believe that "we know better than the people who elect us what is best for them." The intent was that those elected would reflect the views and desires of the people who elected them, who were to be considered the REAL holders of power by their ability to elect those who would represent them. What he dreaded and what we have seen is greater and greater central control that intrudes increasingly into the private lives of the citizens of this country and that are currently putting a stranglehold on small businesses. Those in national office are now far less worried about the constituency that elected them in the first place than they are worried about the "special interests" that will make far greater contributions to their reelection campaigns. Consequently, the voice of the people is being heard less and less.

( He was a great believer in "rotation" in office, what we would call term limits, and actually recommended it for the national offices as well as for his own Virginia. He hoped that his (and Washington's) example would be followed in not seeking a third term as President- and it was until FDR. I absolutely believe that term limits are vital to "We the People" regaining control of our government. The argument that we have term limits in effect in the form of our elections is to deny the power that incumbency gives. And I think we can all see the "corruption" evident in those who make national office their "career" - which was NEVER the intent of our Founders. How many go to Washington with modest means and leave multi-millionaires.)

Since: Nov 12

Location hidden

#7520 Apr 23, 2013
Oh my wrote:
Press Release FAA Statement
April 23, 2013
http://www.faa.gov/news/press_releases/news_s...
As a result of employee furloughs due to sequestration, the FAA is implementing traffic management initiatives at airports and facilities around the country. Travelers can expect to see a wide range of delays that will change throughout the day depending on staffing and weather-related issues. For example, the FAA is experiencing staffing challenges at the New York and Los Angeles En Route Centers and at the Dallas-Ft. Worth and Las Vegas TRACONs. Controllers will space planes farther apart so they can manage traffic with current staff, which will lead to delays at airports including DFW, Las Vegas and LAX. The FAA also expects delays at Newark and LaGuardia because of weather and winds.
The FAA will continue to work with the airlines throughout the day to try and minimize delays for travelers. We encourage all travelers to check their flight status and also to visit fly.faa.gov for the latest airport delay information.
Yesterday more than 1,200 delays in the system were attributable to staffing reductions resulting from the furlough. There were more than 1,400 additional delays as a result of weather and other factors.
And there was no reason for those cuts to have hit the way they did. A Republican plan to give Obama a far greater degree of discretion was opposed from the start by the Obama White House. There were some Republicans who didn't like it because it gave TOO MUCH power to Obama to choose where the cuts were made. But Obama didn't want it because he wants it to hurt so that he can blame the Republicans for it. That is far more important than any inconveniences Joe Public may face.

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