Obama wins...
#241
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I couldn't find sarcasm font when I posted. I know where the racism lies... They president now.
Anyone willing to expose that, not that is hidden just conveniently ignored, is labeled a racist.
But yes, you are entirely correct with your Obamaphone response. Blacks will glady accept free gifts, continue to live impoverished, just by giving up their vote back to the Demoncrats. Their culture and lifestyle has completely gone downhill ever since; they enjoy the highest unemployement rates and highest out of wedlock birthrates and lowest wages than any other race in the US.
Last edited by buffon01; 11-13-2012 at 12:26 PM.
#242
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Saying that isn't racist. Implying that the reason for all those things happening is due to the color of their skin is.
Obviously there is a reason behind it. The racists will say that it's because black people are lazy and entitled, but that IS racist. I don't know why, but if I had to guess I would say that this country isn't as tolerant as everyone thinks it is.
Obviously there is a reason behind it. The racists will say that it's because black people are lazy and entitled, but that IS racist. I don't know why, but if I had to guess I would say that this country isn't as tolerant as everyone thinks it is.
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By sadly, we will still be in the hole about 250 billion a year.
Okay, so now we come to raising taxing. Cool! let's make up that 250 billion shortcoming...although without the IRS it will be hard. But okay.
So we raise the rates up and...uh huh, since the laffer curve is real, we maintain an average of collecting 18% of GDP in taxes...and we don't actually collect more revenue.
![](https://www.miataturbo.net/attachments/current-events-news-politics-77/59726-obama-wins-tax-revenue.jpg?dateline=1352830968)
since, it doesn't matter how much you raise taxes, other than help you win an election by raging class warefare, the only thing that can really rudece deficits and balance budgets and reduce debts is to do something about mandatory payments and nothing more.
Insert strawman argument here: ----V
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1. Public growth is 1%, Economy growth is 2%.
2. It's bad if it becomes so large that it becomes inflationary. They aren't always, public debt is private savings; so I'm told. Im sure you'll argue that government surpluses are actually the unsustainable thing and some long drawn out reason why that I cant comprehend. I'm not smart enough to have an opinion either way, but I find that our entitlement, specifically, damages the economy, and our country tremendously.
2. It's bad if it becomes so large that it becomes inflationary. They aren't always, public debt is private savings; so I'm told. Im sure you'll argue that government surpluses are actually the unsustainable thing and some long drawn out reason why that I cant comprehend. I'm not smart enough to have an opinion either way, but I find that our entitlement, specifically, damages the economy, and our country tremendously.
#246
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We're all products of our environment.
I do believe that there are cultures that promote bad decisions which lead to dependence, and it crosses skin color lines (which really do not matter). Where skin tone does come in is with real discrimination that makes a lot of bad decisions easier to make, and fosters the cultures that breed them.
It's easy to tell someone that we all have the same opportunities. In reality many in this country are discouraged daily from pulling themselves up. It is harder when you're poor, or a minority. My firstborn's godfather wrote a thesis for his doctorate in education on how minorities perform on standardized testing, and why. Educational differences are an obvious hindrance we conveniently ignore.
Yes, technically you can take the same route. Yet everyone in front of you is looking down, and expecting you to just get by. Everyone around you is showing you how easy it is to just slack off, doing less than what is needed to support yourself. Until all of that is gone there will continue to be a demographic which has a disproportionate share of dependents.
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If that is true, then bigots have every right to use that as an excuse, same as the dependants. You foster a nanny state, expect there to be those who will come to rely on it. By the same token, there will be those that resent it, and call them lazy. That it falls out along racial lines is not surprising. It's what the media has reiterated, over and over.
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1. Public growth is 1%, Economy growth is 2%.
2. It's bad if it becomes so large that it becomes inflationary. They aren't always, public debt is private savings; so I'm told. Im sure you'll argue that government surpluses are actually the unsustainable thing and some long drawn out reason why that I cant comprehend. I'm not smart enough to have an opinion either way, but I find that our entitlement, specifically, damages the economy, and our country tremendously.
2. It's bad if it becomes so large that it becomes inflationary. They aren't always, public debt is private savings; so I'm told. Im sure you'll argue that government surpluses are actually the unsustainable thing and some long drawn out reason why that I cant comprehend. I'm not smart enough to have an opinion either way, but I find that our entitlement, specifically, damages the economy, and our country tremendously.
For example, without either, look at the fiscal deficit as a percent of GDP over the past 3 years.
2. You are smart enough, you just haven't had the same exposure to the information or taken the time to learn it (nor have most people, nor did I until a few year ago). [Edit: Although I am making some inroads with my repetitive drum-beating!] "Everything changed in 1971 except the textbooks."
Ultimately, though, your real concern is one of ideology or philosophy (a society that feels entitled to things they may not have worked for). That is okay, but it's important to distinguish between an ideological concern and an operational concern.
For example, I do not think anyone can convincingly explain to me how a large and growing US fiscal debt leads to price inflation and provide any sort of evidence that is not easily dismissed.
I'm going to let it go at that, as there are enough threads where this topic comes up. The racial and demographic issues or the abuse of tax language is more appropriate for this particular thread.
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population growth. typically when it's slowed it represents a slow economy or better, when the economy sucks, the birthrate is reduced. I believe we are back to great depression pop. growth rates. People dont wanna bring babies into this world cause they aint go no money cuz.
That's not far off. I don't want the US of A to turn into West Berlin. We are headed down that path. So it would be nice to see good fical policy in Washington with a reduction of a biggest issue: entitlements and entitlement spending.
Our Debt alone is 104% of our economy, I really don't see how that can be a good thing at all, I still believe it's a dangerous path. Hell the interest payments alone are going to expotentially take a huge chunk out of the budget and just make it worse. The USA is rated worse than all the EU nations in terms of rising budern of gov't spending.
But Braineack, the USA is a money issuer you say.
Well, my dear friend, I don't care about that. Deficit or Surplus, Issuer or Not, there is one real common bond between all the failing nations--that they all allow the burden of govt to increase faster than the private, productive, sector of the economy. Deficits and Debts are a symptom of this bad policy.
I dont believe that politicians who try to expand government to solve the messes created by previous expansions of government have a clue.
Everything we do today to try to fix issues, is a problem created by some policy of the gov't.
Beyond that, I think entitlements are out of control and dispicable. It's a proven system of failure, time and time again. It doesn't work, no matter how hard to wish apon the my Little Ponies. It's amoral and it's currpotive and it's destorying American values. In 50 short years entitlement spending has increased 100 times; I shudder to think how that has stiffled what could of been. think of all the strawmen that could have benefited...if only. *sigh*
I don't see how you can deny that this will lead to failure. Run on sentence of the year award nominee: We have a system in place that harms the poor and causes unemployement, that is designed to help the poor and cure unemployement, that is taking a bigger and bigger chunk of our economy, and removes incentives for people to maintain and seek jobs, as well as incentives for employers to create jobs. This can't lead to success--gov't dependency that keeps people poor and unemployed while increasing debts and slowing the economy.
We can't live off the 1%, eventually they will become the 2% and 10% and then 50%. Then what? Protest in the streets when the gov't takes away our ice cream?
Ultimately, though, your real concern is one of ideology or philosophy (a society that feels entitled to things they may not have worked for). That is okay, but it's important to distinguish between an ideological concern and an operational concern.
Our Debt alone is 104% of our economy, I really don't see how that can be a good thing at all, I still believe it's a dangerous path. Hell the interest payments alone are going to expotentially take a huge chunk out of the budget and just make it worse. The USA is rated worse than all the EU nations in terms of rising budern of gov't spending.
But Braineack, the USA is a money issuer you say.
Well, my dear friend, I don't care about that. Deficit or Surplus, Issuer or Not, there is one real common bond between all the failing nations--that they all allow the burden of govt to increase faster than the private, productive, sector of the economy. Deficits and Debts are a symptom of this bad policy.
I dont believe that politicians who try to expand government to solve the messes created by previous expansions of government have a clue.
Everything we do today to try to fix issues, is a problem created by some policy of the gov't.
Beyond that, I think entitlements are out of control and dispicable. It's a proven system of failure, time and time again. It doesn't work, no matter how hard to wish apon the my Little Ponies. It's amoral and it's currpotive and it's destorying American values. In 50 short years entitlement spending has increased 100 times; I shudder to think how that has stiffled what could of been. think of all the strawmen that could have benefited...if only. *sigh*
I don't see how you can deny that this will lead to failure. Run on sentence of the year award nominee: We have a system in place that harms the poor and causes unemployement, that is designed to help the poor and cure unemployement, that is taking a bigger and bigger chunk of our economy, and removes incentives for people to maintain and seek jobs, as well as incentives for employers to create jobs. This can't lead to success--gov't dependency that keeps people poor and unemployed while increasing debts and slowing the economy.
We can't live off the 1%, eventually they will become the 2% and 10% and then 50%. Then what? Protest in the streets when the gov't takes away our ice cream?
Last edited by Braineack; 11-14-2012 at 09:18 AM.
#255
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But Braineack, the USA is a money issuer you say.
Well, my dear friend, I don't care about that. Deficit or Surplus, Issuer or Not, there is one real common bond between all the failing nations--that they all allow the burden of govt to increase faster than the private, productive, sector of the economy. Deficits and Debts are a symptom of this bad policy.
Well, my dear friend, I don't care about that. Deficit or Surplus, Issuer or Not, there is one real common bond between all the failing nations--that they all allow the burden of govt to increase faster than the private, productive, sector of the economy. Deficits and Debts are a symptom of this bad policy.
The European Union.
On an individual nation level, #2 is China (at about half or less of our output, depending on source cited). #3 on an individual nation basis is Japan... Who has a debt-to-GDP level over 200% and have held interest rates close to zero for almost 20 years while fighting deflation.
![Idea](https://www.miataturbo.net/images/smilies/sign0184.gif)
Many of the "entitlements" are pretty damn reasonable in concept and may be better than the alternatives, even if there are flaws in the execution.
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your mom is flawed.
and Japan will continue to fall from Mt. Fuji. Just as most nations, they held little to no debt in the early 80s. Today, thier SS payments are over 52% of their budgets, coincidentally they hold hte most debt of any country. and Now they just doubled their VAT from 5% to 10% in order to "solve" the problem. Yes, entitlements are awesome and doing wonders for Japan. Just wait for 2040 when they hold 600% debt to GDP and they have a workforce of 0% because all their old our dying off faster than the young can fill jobs.
At least Japan was smart enough to lower the corporate tax rate making us #1 in that department.
Anyways, right now Japan's debt is still considered safe...but it's only a matter of time IMHO.
and Japan will continue to fall from Mt. Fuji. Just as most nations, they held little to no debt in the early 80s. Today, thier SS payments are over 52% of their budgets, coincidentally they hold hte most debt of any country. and Now they just doubled their VAT from 5% to 10% in order to "solve" the problem. Yes, entitlements are awesome and doing wonders for Japan. Just wait for 2040 when they hold 600% debt to GDP and they have a workforce of 0% because all their old our dying off faster than the young can fill jobs.
At least Japan was smart enough to lower the corporate tax rate making us #1 in that department.
Anyways, right now Japan's debt is still considered safe...but it's only a matter of time IMHO.
Last edited by Braineack; 11-14-2012 at 12:08 PM.
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I hate that "it's okay now but it's only a matter of time" BS. You know what else? The sun is okay now, but it's only a matter of time before something really bad happens to that big star at the center of our universe and then... WELL! You better watch out!
In fact, because it's only a matter of time - and it's a certainty - you better start wringing your hands and gnashing your teeth and doing things today that will make you worse off like not going out, saving all of your money, selling your Miata, etc.
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exactly. doomsday preppin' baby.
What did Japan's various stimulus packages in the 1990s net Japan after it's recession?
according to these pretty pictures, not much:
![](http://www.heritage.org/static/reportimages/343F727A8BE739158D8E560D7AF303B7.gif?w=370&as=1)
![](http://www.doctorhousingbubble.com/wp-content/uploads/2011/05/us-japan-gdp.png)
thier unemployement rate was an all time high ten years after still trying to fix the problem of the 90s. For the last fifty years they've down everything but leave the economy alone...and it will keep getting "worse" for them. I use quotes because it worse is subjective since life continues to move forward everday, so as long as we all don't wake up dead, everything is unicorns and candy.
What did Japan's various stimulus packages in the 1990s net Japan after it's recession?
according to these pretty pictures, not much:
![](http://www.heritage.org/static/reportimages/343F727A8BE739158D8E560D7AF303B7.gif?w=370&as=1)
![](http://www.doctorhousingbubble.com/wp-content/uploads/2011/05/us-japan-gdp.png)
thier unemployement rate was an all time high ten years after still trying to fix the problem of the 90s. For the last fifty years they've down everything but leave the economy alone...and it will keep getting "worse" for them. I use quotes because it worse is subjective since life continues to move forward everday, so as long as we all don't wake up dead, everything is unicorns and candy.
Last edited by Braineack; 11-14-2012 at 02:11 PM.
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Japan is a lot more complicated than you are making it out and I don't have the energy or interest to be bothered with a full history. I recommend
The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession: Richard C. Koo: 9780470824948: Amazon.com: Books
for those with a legitimate interest.
However, the short version is that Japan dealt with a lot of the same political issues the USA has been undergoing. Their initial stimulus was much smaller than the USA's and they continually institute austerity via either spending cuts or tax increases [edit: those have almost the same damn effect on economic growth and both are contractionary!] before a full recovery which institutes a new slide back toward recession, so they cut taxes or increase spending and then do it over again.
Meanwhile, because the politicians in charge of fiscal policy (i.e. gov't spending and taxing) can't get their **** together, the Bank of Japan (their Fed) has been pursuing measures like quantitative easing and zero interest rate policy for decades.
"In worrying about becoming the next Greece, we risk becoming the next Japan." Instead, we have been Japan on fast forward. That's not to say that Obama and the Republicans won't do their best to imitate the Japanese parliament, though.
![The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession: Richard C. Koo: 9780470824948: Amazon.com: Books](https://www.miataturbo.net/images/misc/amazon_icon.gif)
However, the short version is that Japan dealt with a lot of the same political issues the USA has been undergoing. Their initial stimulus was much smaller than the USA's and they continually institute austerity via either spending cuts or tax increases [edit: those have almost the same damn effect on economic growth and both are contractionary!] before a full recovery which institutes a new slide back toward recession, so they cut taxes or increase spending and then do it over again.
Meanwhile, because the politicians in charge of fiscal policy (i.e. gov't spending and taxing) can't get their **** together, the Bank of Japan (their Fed) has been pursuing measures like quantitative easing and zero interest rate policy for decades.
"In worrying about becoming the next Greece, we risk becoming the next Japan." Instead, we have been Japan on fast forward. That's not to say that Obama and the Republicans won't do their best to imitate the Japanese parliament, though.
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You do realize that "top tax bracket" data you keep shoving in my face is worthless, right? I would of been in the top tax bracket from 1988-1990 if you adjust for inflation and, on the other end of the spectrum, you'd need to make around 76.3 million to be in the top tax bracket in 1941.
source
Confirmation bias much?
A broken clock is right twice a day.
source
Confirmation bias much?
Only a matter of time until what? Until it's not safe? You know who has been saying that for two decades plus? Bond traders, right before they lost their shirt and then, hopefully, their jobs.
I hate that "it's okay now but it's only a matter of time" BS. You know what else? The sun is okay now, but it's only a matter of time before something really bad happens to that big star at the center of our universe and then... WELL! You better watch out!
I hate that "it's okay now but it's only a matter of time" BS. You know what else? The sun is okay now, but it's only a matter of time before something really bad happens to that big star at the center of our universe and then... WELL! You better watch out!