boutons, you're a complete embarrassment to liberals everywhere the way you're pretending the deficit isn't a big deal since it's currently a liberal in office who can't get a handle on it. You're no better than the Republicans who couldn't give two s about the national deficit from 2001-2008 and suddenly started caring in 2009.
How completely surprising that thinkprogress hasn't provided boutons with a response yet.............If you really think there's no need to deviate from the financial tract we're on, feel free to state your case.
DoK, you don't a ing clue what's going on because you've been suckered by the VRWC/Repugs into "knowing" the deficit is huge, immediate problem that the Repug propaganda tells you requires shared sacrifice/austerity ONLY by the 99%.
Last edited by boutons_deux; 12-04-2012 at 01:20 PM.
What the CEOs Lobbying on the Fiscal Cliff Really Want
Notably, none of the corporations represented in Washington today except Home Depot actually paid anything close to the corporate tax rate of 35 percent. Most would benefit handsomely from a territorial tax system, though not all—the interests of these companies don’t always align perfectly. Some, like Honeywell and Yahoo!, wouldn’t gain anything from reductions to Medicare and Social Security—the demands from those CEOs to cut spending on those programs is perhaps nothing more than a cover for their windfalls elsewhere. Others, like Goldman Sachs and Aetna, surely would benefit from a reduction in these programs.
What’s clear, though, is that the sacrifice preached by these CEOs is most certainly one-sided.
http://www.thenation.com/blog/171500...ff-really-want
The Archeology of Decline
Debtpocalypse and the Hollowing Out of America
“Debtpocalypse” looms. Depending on who wins out in Washington, we’re told, we will either free fall over the fiscal cliff or take a terrifying slide to the pit at the bottom. Grim as these scenarios might seem, there is something confected about the mise-en-scène, like an un-fun Playland. After all, there is no fiscal cliff, or at least there was none -- until the two parties built it.
And yet the pit exists. It goes by the name of “austerity.” However, it didn’t just appear in time for the last election season or the lame-duck session of Congress to follow. It was dug more than a generation ago, and has been getting wider and deeper ever since. Millions of people have long made it their home. “Debtpocalypse” is merely the latest installment in a tragic, 40-year-old story of the dispossession of American working people.
Think of it as the archeology of decline, or a tale of two worlds. As a long generation of austerity politics hollowed out the heartland, the quants and traders and financial wizards of Wall Street gobbled up ever more of the nation's resources. It was another Great Migration -- instead of people, though, trillions of dollars were being sucked out of industrial America and turned into “financial instruments” and new, exotic forms of wealth. If blue-collar Americans were the particular victims here, then high finance is what consumed them. Now, it promises to consume the rest of us.
http://www.tomdispatch.com/post/1756...rial_homicide/
Bernie Sanders: 'We Will Not Accept Cuts to Social Security, Medicare or Medicaid'
http://www.alternet.org/news-amp-politics/bernie-sanders-we-will-not-accept-cuts-social-security-medicare-or-medicaid?paging=off
Bernie speaking for the majority of the 99% and diametrically opposed to the Repugs and 1%.
the financial TRACK needed right now is more spending/stimulus to get the 99% employed and consuming again, AND paying taxes to offset
We've been hearing from you right-wing assholes for 4 years now, arguing against Keynesian stimulus which was supposed to bring on hyperinflation and collapse of the dollar. Y'all been WRONG ALL ALONG, and still are.
Do you just assume anyone who disagrees with you is a right winger? I'm just as much for tax increases on the rich as you are and my post had nothing to do with what I think the solution should be. My concern about the deficit didn't start with the Repugs either, the second I got old enough to seriously follow politics in around 2005-2006ish when George Bush had record low taxes and was putting wars in a credit card was when I started to worry about the deficit.
and it's worked so well, too...:
and it's worked so well, too...
Short term stimulus and long term en lement reform aren't mutually exclusive. I've consistently advocated massive increases in infrastructure spending and increased taxes to fund it. Short term stimulus spending and long term en lement reform aren't mutually exclusive. We can, and should, do both.
Funny how people don't mind raising taxes to fund infrastructure but hate toll roads.
Yes. Yes, he does.
Everyone in here is righter wing than boobot.
There are plenty of people mind raising taxes to fund infrastructure. That's why the gas tax hasn't been raised in 20 years in this state.
Pretty much every credible independent economist suggests the stimulus played a criticl role in averting a depression. In 2008 every republican candidate campaigned on a stimulus (Romney's was the largest). Are you actually suggesting the stimulus didn't work or was unnecessary?and it's worked so well, too...
Any economist with an IQ above room tempurature will tell you that this country needs both significant revenue increases AND significant spending reductions to fix the national debt. If you think it's a question of either/or, or if you think we only need minor spending cuts or minor revenue increases, you're probably a red team/blue team shill. Only reason I side with blue team is they acknowledge we need significant revenue increases (but have no clue how to get them) while neither side wants to cut all the excessive spending. The GOP considering itself the fiscally responsible party when it not only thinks our defense spending is fine but wants to increase or defense spending more prevents me from taking them seriously. The most specific spending reduction plan I've heard from the GOP is cutting funding for PBS and Sesame Street.
So what do all those credible independent economists say will be the result of a current 16 trillion dollar deficit that continues to grow at a trillion plus per year? You really think that QE Infinity is the answer?
They probably say exactly what our Comrade in Chief wants to hear.
It will destroy this nation.
The fed is obviously using monetary policy to combat a slumping economy as any fiscal policy is untenable due to the makeup of our current congress. Generally speaking, I'd say they would recommend additional short term stimulus with a credible plan for long term deficit reduction.
LOL @ singling out and blaming it on the current congress.
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