In response to:

Pelosi: We Don't Have a Spending Problem

AmericanObserver Wrote: Feb 11, 2013 1:28 PM
You people have got to turn off Fox "news" and read some economics and history. Although it intuitively does seem nonsensical, she is correct. Our interest rates, inflation rates, stock market, etc. are all extremely healthy. We clearly don't want this spending imbalance in the LONG TERM, but right now, we don't have a 'spending' problem. We have, in fact, an UNEMPLOYMENT (or, JOBS) problem. Once that is solved, then the 'spending'/deficit problem will come in line...and quicker too. Other than your blind and irrational hate for the President, I see no other reason for this mindless equation of 'household' budgets with government budgets. Governments, sometimes, are SUPPOSED to run deficits. Please, please stop with this ignorance.
anonymous12834 Wrote: Feb 11, 2013 2:13 PM
Liar! What part of "16 ++++trillion in debt do you not understand! Liars, Liars, Liars! Stop bankrupting the country. The dems have ZERO plan for jobs, it is about collapsing the economy. No more excuses for bankrupting the country! Spending over a trillion more than we take in every year???
Pete629 Wrote: Feb 11, 2013 1:58 PM
Everything is honkydoory; even for those who are unemployed! By the time those college graduates get a job, it will be time for them to retire! But don't worry your head about anything and just read those books on economics that tell you everything is all right and that the country is really not going to hell in a hand basket!
Pete629 Wrote: Feb 11, 2013 1:58 PM
Everything is honkydoory; even for those who are unemployed! By the time those college graduates get a job, it will be time for them to retire! But don't worry your head about anything and just read those books on economics that tell you everything is all right and that the country is really not going to hell in a hand basket!
GodsLaws Wrote: Feb 11, 2013 1:45 PM
Our interest rates are set by the Federal Reserve based not on practical economics or sound monetary policies but to advance political goals.

Our inflation rate is a function of how much currency is in circulation compared to how many products and merchandise is for sale. The FED and European Central Banks have pumped over 30 trillion into the global economy in the last 4 years. The only reason we aren't experiencing hyper inflation already is because the banks they keep giving this money to are sitting on it and no one is borrowing. Commodities continue to go up in prices despite a global economic stagnation because commodities are required to live so people can't decide not to buy them.

Spend what you have -- then stop.
Duke Nuk'em Wrote: Feb 11, 2013 1:35 PM
AO is a "Glittering Jewel Of Colossal Ignorance"!
spartacus3344 Wrote: Feb 11, 2013 1:35 PM
You're clearly an insane partisan ignoramus. When the government spends $4 for every $2.50 it takes in, it's called a spending problem. Maybe when you get past your idol worship you can explain how one spends their way out of debt?

Or maybe how higher taxes and higher cost of health care will create jobs?

You make absolutely no sense, but you do illustrate how common sense has been murdered by progressive ideology in this country.
evie10 Wrote: Feb 11, 2013 1:40 PM
not if there is still money out there the government can extract from each individual...at least to a liberal...they can spend all of the money in worlds - it is up to the workers and citizens to give them as much as they need for spending - if they are 1.50 short for each 4.00dollar spent, then we simply have to give them the 1.50 more.
spartacus3344 Wrote: Feb 11, 2013 1:52 PM
Well no, they'll borrow it from China or whoever is stupid enough to carry our debt. Then when the bill comes due, it's our children and grandchildren that will be working it off.

Progressive ideology is a cancer that eats away at everything.
Jonathan55 Wrote: Feb 11, 2013 1:34 PM
When the economy is booming we don't have spending problem because revenues increase. When the economy is lagging we don't have a spending problem because to cut spending will hurt the recovery, When the economy is running smoothly we don't have a spending problem because everything is in sync.
Please advise at what level of deficits you will finally acknowledge there is a spending problem.
rman859 Wrote: Feb 11, 2013 1:41 PM
AND Higher Taxes (Fed, State, Local), Higher Medical premiums (obozocare) create MORE JOBS?
Retired Lady Wrote: Feb 11, 2013 1:34 PM
You poor soul, your ability to grasp simple economics is so strained with nonsense that you have, in fact, become irrelevant! Question: Do YOU spend more than you earn?
RVN70USMC Wrote: Feb 11, 2013 1:36 PM
Exactly. And not only that, the liberals want to borrow and spend and then have someone else repay their debt!
AmericanObserver Wrote: Feb 11, 2013 1:42 PM
This is where you revert typically - and incorrectly - back to the false comparison with household budgets. OF COURSE, you never spend more than you earn! The issue is carrying deficits, i.e. you can legitimately - and should - carry deficits because of economically important forward spending investments! Have you never heard of bonds!!!! That is the point of why 'debt' can actually be a GOOD thing because it allows you to invest money now so you earn it back LATER - exactly how an economy grows.
RVN70USMC Wrote: Feb 11, 2013 1:47 PM
Anal Observer: It has worked so well the last four years, has it not?Get a grip on reality, pal.
spartacus3344 Wrote: Feb 11, 2013 1:50 PM
So at what level of debt are you willing to say we have a spending problem? Why is it ok for the government to borrow more money than it can pay off in our lifetimes, and how exactly does this massive debt create jobs and growth?
evie10 Wrote: Feb 11, 2013 1:31 PM
And it starts now - AO loves to divert and attack the conservatives - knew it would happen soon since the liberals lost this one.
rman859 Wrote: Feb 11, 2013 1:30 PM
Do Higher taxes, higher medical premiums create jobs?
RVN70USMC Wrote: Feb 11, 2013 1:30 PM
You spend what you bring in, no more. You need to pull your head out of the Obumbler's hiney and get some fresh air.
evie10 Wrote: Feb 11, 2013 1:38 PM
Actually, as far as the liberals are concerned, some conservatives still have a few pennies in savings, etc. The government is supposed to get ALL of the money earned and give back to the individual only as much as is needed by the individual.
alphonsejones Wrote: Feb 11, 2013 1:42 PM
american oddball like all mindless trolls, refuse to believe that under the hussein's transformation of America, the reality is higher taxes, higher unemployment, more unsustainable debt and for those too young to work or vote a very bleak future

The hussein is coming off 4 years of failed leadership and rather then work with congress, his handler's are preparing another set of executive orders. And tomorrow night he reads another useless speech and immediately hits the campaign trail to give more speeches

A real leader would be sitting down with members of congress and working on getting something done. But then when has the hussein ever been a leader

The latest bit of fiscal denialism from a high priestess of the pro-science "reality based community," via yesterday's Fox News Sunday:
 


 

“We have to make a judgment about what -- how do we get growth with jobs, that is where the real revenue comes from. You don’t get it by…cutting your education and cutting back on investments in science and National Institutes of Health, food safety, you name it. So, it isn’t as...