Obama takes Romney to school

[PiggyBank]

Quote from Lucrum:

Grow them exponentially. But that's OK, retard Ricter lives in a fantasy world where everyone forgives everyone's debt.

I'd really like an answer to this question because according to his track record, the answer is spend more and 'hope' the economy recovers on it's own despite his policies of increased regulation, interference in domestic energy, picking losers to invest OUR tax money in, and doing exactly NOTHING to address the real issues that caused the meltdown in '08. I mean damn, I am against regulation, but if you had to implement something, why not bring glass-steagall back?

Last night he said sequestration isn't going to happen. He belongs to the party of social programs, so what exactly is it that they are gonna cut if not defense spending (when that was the DEM proposal)? If they make no cuts, then the deficit/debt will continue to balloon PLUS obamacare goes into effect in 2014, who knows what that will cost as the estimates are continually revised higher.

 

[Ricter]

Quote from PiggyBank:

I'd really like an answer to this question because according to his track record, the answer is spend more and 'hope' the economy recovers on it's own

(Luke, growth is exponential, too, so shut up.)

PB, you have your answer to this in the latest IMF report on austerity and stimulus.

 

[PiggyBank]

Quote from Ricter:

It will not, though. Government is an important (sometimes the only) customer to thousands of businesses. This is why actual observation of austerity, present and historical, shows revenue falling after spending cuts. Now if you want to bring the deficit and debt down in the long term, you can with gradual adjustments including cuts, but it's not an effect Romney/Ryan would see anyway.

Edit: to answer your latter question, and don't forget Obama signed spending controls into law:

<img src="http://graphics8.nytimes.com/packages/images/newsgraphics/2012/0504-biz-charts/0505-biz-webCHARTS.png">

The govt is the only customer to whom, defense contractors? There are plenty of things to cut which are basically unprofitable subsidies like grants to see if a tomato will grow faster with classical music playing in the background (geezus), food stamps, 99 weeks unemployment, gov housing, foreign aid, bureaucratic budgets, entire agencies that suck and can't do their job (SEC), 'green' energy companies, PBS, govt salaries and so on. Bombs away!!

I forgot to mention it is perfectly ok if fed revenue falls.. as long as fed spending falls even more

Ricter, one more truly basic thing: a company that is 100% funded by govt (aside from defense companies, which are necessary) is a net drain on the economy. Any jobs are funded by present and future taxpayers, it is NOT beneficial to the economy, which is why they must be kept to a minimum. You can say this increases tax revenue to the gov but that isn't true at all, they are simply giving back a portion of tax revenue which sustains them.

 

[PHOENIX TRADING]

Quote from Lucrum:

Grow them exponentially. But that's OK, retard Ricter lives in a fantasy world where everyone forgives everyone's debt.

If they think getting a loan is tough now just wait til "jubilee" is the norm .

 

[Lucrum]

Quote from Ricter:

(Luke, growth is exponential, too, so shut up.)

Growth is exponential, RIGHT NOW? You fucking moron.

 

[Ricter]

Quote from PiggyBank:

The govt is the only customer to whom, defense contractors? There are plenty of things to cut which are basically unprofitable subsidies like grants to see if a tomato will grow faster with classical music playing in the background (geezus), food stamps, 99 weeks unemployment, gov housing, foreign aid, bureaucratic budgets, entire agencies that suck and can't do their job (SEC), 'green' energy companies, PBS, govt salaries and so on. Bombs away!!

I forget to mention it is perfectly ok if fed revenue falls.. as long as fed spending falls even more

I also said "important" customer, so there's no need to focus on the only category, though it does include the massive defense contractors, yes. You're dreaming with all those cuts, never going to happen. Even Reagan couldn't do it. If fact, like the Keynesian he was in practice, he did the opposite, giving us Morning in America (and monstrous deficits and foreign borrowing). Nobody in business wants big gov't spending cuts, because the economic multiplier is real and they know it. The only people who insist on this are the ideologues who think government has to get smaller "just because".

 

[PiggyBank]

Quote from Ricter:

I also said "important" customer, so there's no need to focus on the only category, though it does include the massive defense contractors, yes. You're dreaming with all those cuts, never going to happen. Even Reagan couldn't do it. If fact, like the Keynesian he was in practice, he did the opposite, giving us Morning in America (and monstrous deficits and foreign borrowing). Nobody in business wants big gov't spending cuts, because the economic multiplier is real and they know it. The only people who insist on this are the ideologues who think government has to get smaller "just because".

Those cuts WILL happen, sooner or later if we maintain the status quo.. there is no way out of it. I don't care what Reagan or anyone else did. Truly private sector companies will not be effected by govt spending cuts, and I promise you they want to pay less taxes (so they welcome less fed spending). Like I said business that relies on taxpayer subsidies is a net loss for all of us. I think the only ideology going on here is your fantasy economic multiplier, govt spending does not create economic growth. I know you'll mention infrastructure which IS economically beneficial but it can be done without the govt which serves only as a middleman anyway.

 

[Spike Trader]

Quote from Lucrum:

Growth is exponential, RIGHT NOW? You fucking moron.

you need to take your meds.

 

[walter4]

Quote from Free Thinker:

romney was reduced to "yea mine will be better".

romeny: we need sanctions.
obama: we alrady have them.
romney: yea but mine will be better.

romney: we need to not allow iran a bomb.
obama: i have already promised to not allow a bomb.
romney yea but my promise is better than your promise.

romney: we need to kiss israels ass.
obama: we already kiss israels ass.
romney: yea but my kiss will be a better kiss.

on an on. romney was not ready for prime time. an empty suit.

LOL!!

 

[Ricter]

Quote from PiggyBank:

... your fantasy economic multiplier, govt spending does not create economic growth. I know you'll mention infrastructure which IS economically beneficial but it can be done without the govt which serves only as a middleman anyway.

This is all nonsense. You libertarians are a tiny cult. The whole planet doesn't buy that crap. That's doesn't mean you're necessarily wrong, but that's the way to bet.