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You should go debate that boutons character. He thinks corporate welfare is a good thing.
The Repugs/VRWC took the lead in pushing hard for and obtaining for tax expenditures for the wealthy, for the UCA, started/botch bogus wars, waste $Ts on a bloated, corrupt, wasteful MIC (corporate welfare at its most exemplary), financial deregulation, and war on employees (salaries).
your false equivalence (Dems are just as bad as Repugs) is, as always, bull .
You should go debate that boutons character. He thinks corporate welfare is a good thing.
"multiples" ??
That isn't halfway.
That is "I give 1/3, you give 2/3" at best.
Do you think this is fair?
Sure I'll meet you halfway if we are talking about percentage tax increases/spending cuts.
Obama thought it was. This time last year he was talking about a 3:1 cuts/revenues ratio as part of the debt ceiling debate.
I was responding to this post.
I hold Republicans and Democrats equally responsible for the hole we have dug ourselves but as you pointed out, the Republicans are the only ones talking seriously about doing anything about it. Crocodile tears? Probably, but the Democrats plan to balance the budget by raising taxes on "millionaires" is equally suspect.
... and this was still rejected by Republicans.
Does that indicate a willingness to genuinely comprimise to solve problems to you?
Last edited by RandomGuy; 05-16-2012 at 12:47 PM.
Cool.
I would shoot for a 1% total debt reduction each year for 20 years.
In this time the economy would grow to the point where the debt would be smaller in real terms, and smaller in relative terms.
Take a deficit of X dollars +1 percent reduction and divide that by two.
Raise taxes to cover one half, and cut spending to get the other half.
It would be harsh on both ends, but would be a good sustainable way to dig our way out, and deleverage.
In this case, I would agree.
The GOP is painting itself into an inflexible corner.
The Dems are slowly following suit, after having shown a willingness to comprimise.
No, nor was I trying to suggest that they were. I was just pointing out that Obama thought a 3:1 cuts/revenues ratio was fair. I agree with him.
Something similar to this concept is what I'd like to see as well, just with a different cuts/taxes ratio.
If the Republicans weren't so focused on talking about debt reduction the Democrats wouldn't be talking about it at all. They would be talking about things like gay marriage and using public funding for abortions through planned parenthood...
oh wait...
been waiting for the GOP to make good on its lip service to smaller government and individualism all my life. pardon me if I don't take their loud noises about the same too seriously this time around either.
Back on topic, a POV on Greece a little more to the warm fuzzy side than the doom and gloom side.
Many experts believe an eventual departure of Greece from the eurozone is already priced into stocks, bonds and currencies. The return of the drachma may not necessarily be analogous to the bankruptcy of Lehman Brothers -- especially since Greece's crisis has been playing out since early 2010.
"Is this a Lehman-like event? Banks and markets have been preparing for this for years," said John Canally, investment strategist for LPL Financial in Boston. "And the global economy is in a lot better place than it was in 2008."
link
I don't see the Greek exit as directly being a catastrophe, but rather as possible prelude to Spain and Italy getting crunched, which might be.
Perhaps not as much. I can mildly agree that the GOP's strong push does guide the conversation.If the Republicans weren't so focused on talking about debt reduction the Democrats wouldn't be talking about it at all.
oh wait...
I think the "better angel" of fiscal conservatism that the Republican party has been to the nation's conscience has turned into a Grand Inquistor ("convert or die").
Doesn't the Republican drift towards the kind of no comprimise extreme end of the spectrum worry you at least a little?
Leaving the Euro maybe better than the alternative
A Tempting Rationale for Leaving the Euro
For a project intended to draw Europe together, the euro did surprisingly little to build solidarity. German voters endured a recession two decades ago after bringing in their brethren from the Soviet bloc. They now appear unwilling to spend a pfennig to help the Greeks, Spaniards, Portuguese, Irish or Italians.
Conceived as a tool for integration, the euro could, instead, tear Europe apart.
Europe would be in much better shape if the euro didn’t exist and each member country had its own currency. Monetary union has shackled together nations with vastly different economies, depriving them of an independent monetary policy that can help them through rough times. The interest rate and exchange rate that serve Germany also have to serve Spain, though that country has more than four times Germany’s joblessness.
The main problem is that while leaders eagerly embraced the monetary bond, they rejected its necessary complement: a central budget that would transfer money from successful regions to underperforming ones, as the United States government sends tax dollars collected in Massachusetts to pay for unemployment benefits in Nevada.
- more -
I dunno. The potential for a continent-wide bank run is not something I think any stock has incorporated.
The betting focus on the Greek exit is not if, but when, and how bad it will ultimately get.
Just presenting the other side. Things very well could play out per your OP. I hope we get something a little closer to what I posted though. Time will tell.
Strange how the sun never setting on the American empire is not firmly in the crosshairs of the conservative party.
gold prices will continue to rise...
Inflation will remain in check...
Greece will be rescued...
RG is wrong again...
whether its doom n gloom, china will continue to print out whatever figures they see fit
they can afford to....reason being their economy is fueled by living on USA debt interests....expand whatever interests it has and buy up more capital with ur money...
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