Obama admin has done a good job managing the economic crisis of Bush

[Vol8188]

What were the UE rate and labor participation numbers under W and what are they now?

By under bush, do you mean when he took the job or left office?

 

[82_VOL_83]

Except what many of you consider corporate welfare is in reality tax deductions or credits. Much like you deduct mortgage interest.

I am astounded that so many on here think that it's "the governments money". I don't care what political ideology you follow, if you just start from the basic premise that "MY money belongs to ME" we will all be better off.

 

[Vol8188]

The only problem is that you equate devalue with amount. That's where your math fails.

Huh? Devalue with amount? Yes in today's dollars, the amount of your debt has been devalued.

Just like if you could borrow money at 2% interest and you knew inflation would run at 3%, you would be insane not to take on that debt.

Which is why inflation is good for the economy. It encourages people to take out loans for businesses and homes.

 

[82_VOL_83]

Huh? Devalue with amount? Yes in today's dollars, the amount of your debt has been devalued.

Just like if you could borrow money at 2% interest and you knew inflation would run at 3%, you would be insane not to take on that debt.

Which is why inflation is good for the economy. It people to take out loans for businesses and homes.

Backtrack much?

 

[Vol8188]

Backtrack much?

I've never backtracked at all. My stance has always been that inflation devalues debt. Im sorry if your knowledge of economics is lacking.

 

[SpaceCoastVol]

Spoken like a lib. Tax cuts only help. Letting people keep their money is always good. Increased spending caused the deficit.

People keeping their own money, especially if they fit into what the .gov defines as "rich" is an anathema to what centralized government stands for. Keeping.... your... own... money.... The Democraps can't have that.


"You didn't build that"
"If I had a son, he'd look like Trayvon"

 

[SpaceCoastVol]

Use some common sense. Less Revenue + Increased Spending = Negative balance

Why do they have ti increase spending?


Just... stop.

 

[red butler]

Huh? Devalue with amount? Yes in today's dollars, the amount of your debt has been devalued.

Just like if you could borrow money at 2% interest and you knew inflation would run at 3%, you would be insane not to take on that debt.

Which is why inflation is good for the economy. It encourages people to take out loans for businesses and homes.

Why is it a good thing to encourage people to go into debt?

 

[SpaceCoastVol]

So will the new majority move to fix our insane tax system? Is that less important than the keystone pipeline to you?

No, on both counts.

 

[SpaceCoastVol]

So why is it automatically liberals that get the blame? When in fact, it is money.

Because liberals bring the big tax and spend giveaway programs.... you know.. like ObolaCare?

 

[theFallGuy]

Why don't you keep your tax money a give it to poor people yourself?

this is how it should work. People donate to various charities and organizations instead of the government doling it out after they skim off the top

 

[SpaceCoastVol]

Like yourself or the ones who vote for the other color of the same team?

Your party brought the really big spending items that we'll never get rid of until bankruptcy.

I'm waiting for them to come after my 401k.

 

[Vol8188]

Why is it a good thing to encourage people to go into debt?

Because if we did the opposite and had deflation, it would encourage the wealthy to keep their money in their pocket, as oppossed to starting businesses and building houses which create jobs.

 

[theFallGuy]

Your party brought the really big spending items that we'll never get rid of until bankruptcy.

I'm waiting for them to come after my 401k.

that's already been discussed

Watch Out: Your 401(k) Is Being Targeted - Forbes

 

[hog88]

Because if we did the opposite and had deflation, it would encourage the wealthy to keep their money in their pocket, as oppossed to starting businesses and building houses which create jobs.

Holy shizz batman I think he's describing trickle down.

 

[Vol8188]

Holy shizz batman I think he's describing trickle down.

In a way yes. Except inflation vs. Interest is a much better way of creating jobs than tax cuts.

 

[hog88]

In a way yes. Except inflation vs. Interest is a much better way of creating jobs than tax cuts.

Low interest rates and low taxes provide the environment for job creation.

 

[theFallGuy]

In a way yes. Except inflation vs. Interest is a much better way of creating jobs than tax cuts.

LOL no

 

[#VFL__]

Your party brought the really big spending items that we'll never get rid of until bankruptcy.

I'm waiting for them to come after my 401k.

I'm not a Democrat SpaceCoastVol. Please refrain from trying to label me as such.

Why pick a side if they are the same.

 

[Vol8188]

LOL no

Because?

 

[volfanhill]

In a way yes. Except inflation vs. Interest is a much better way of creating jobs than tax cuts.

I don't think any of us should take monetary policy advise from someone who spoke about avoiding a raise because it would kick him into a higher tax bracket.

 

[Vol8188]

I don't think any of us should take monetary policy advise from someone who spoke about avoiding a raise because it would kick him into a higher tax bracket.

I didn't say I was avoiding a raise at all.

 

[Gramps]

Why do they have ti increase spending?


Just... stop.

They do not have to but neither side is willing to stop spending.

Look at the "special projects" that were place in the spending bill recently passed. Those extra little extras were added by members of both parties. There is no end in sight. I do not trust anyone in DC to do the right thing.

 

[Biopsyman]

Dems=free ride

 

[Vol8188]

Dems=free ride

Republicans=free ride for corporations