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The 112th Congress: Debt ceiling edition

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Re: The 112th Congress: Debt ceiling edition

You do an excellent job of refuting his points. Thank you for your insight.

What's there to refute. He doesn't even try to make any serious economic arguments to support his opinion even though the whole purpose of his submission is to divert any blame for the economy away from Obama. His whole premise is wrong. It's nothing but a liberal rant to blame Bush and the conservatives for all our economic woes. He's just like Obama. The private sector is evil and the government is here to save us. He says the private sector caused this economic recession. Give me a break. Even if you accept the premise that all lenders are greedy, we never could have had the housing bubble and all the issues with derivatives, CDOs, etc. unless government policy was creating the environment for those problems to grow in, including the Fed making credit so cheap with artificially low interest rates.

Yes, some jobs are created by wealthy business owners, but a lot of jobs are created by small business owners and I don’t think that high a percentage of them are considered wealthy. As far as businesses themselves being at fault for not creating more jobs, baloney. It is a high degree of uncertainty about regulations and taxes that is causing businesses to hold back, despite what this guy thinks. You think most businesses can successfully operate by the seat of their pants and expect to survive for long? With Congress writing monstrous laws that they don’t even bother to read ahead of time or know what’s in them, of course businesses are going to hold back from hiring until they see how things shake out. They have to plan for the future to be successful and the government is making it much too hard for them to do that planning.

This guy wants to blame the deficits on Bush and his tax cuts while totally ignoring the issue of spending by Congress . That’s enough to show his inability to think logically. We can double our taxes and if Congress increases spending fourfold based upon projected increases in tax revenue, what good will it have done us? And I'm not even a Bush fan by the way.
 
Re: The 112th Congress: Debt ceiling edition

And I'm not even a Bush fan by the way.

No one seems to be.

debtnobush0607.png



What Bush promised:
My budget has funded a responsible increase in our ongoing operations. It has funded our Nation’s important priorities. It has protected Social Security and Medicare. And our surpluses are big enough that there is still money left over.

Many of you have talked about the need to pay down our national debt. I listened, and I agree. We owe it to our children and our grandchildren to act now, and I hope you will join me to pay down $2 trillion in debt during the next 10 years. At the end of those 10 years, we will have paid down all the debt that is available to retire. That is more debt repaid more quickly than has ever been repaid by any nation at any time in history.

<iframe width="560" height="349" src="http://www.youtube.com/embed/h5F79kd2O7U" frameborder="0" allowfullscreen></iframe>
 
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Re: The 112th Congress: Debt ceiling edition

What's there to refute. He doesn't even try to make any serious economic arguments to support his opinion even though the whole purpose of his submission is to divert any blame for the economy away from Obama. His whole premise is wrong. It's nothing but a liberal rant to blame Bush and the conservatives for all our economic woes. He's just like Obama. The private sector is evil and the government is here to save us. He says the private sector caused this economic recession. Give me a break. Even if you accept the premise that all lenders are greedy, we never could have had the housing bubble and all the issues with derivatives, CDOs, etc. unless government policy was creating the environment for those problems to grow in, including the Fed making credit so cheap with artificially low interest rates.

Yes, some jobs are created by wealthy business owners, but a lot of jobs are created by small business owners and I don’t think that high a percentage of them are considered wealthy. As far as businesses themselves being at fault for not creating more jobs, baloney. It is a high degree of uncertainty about regulations and taxes that is causing businesses to hold back, despite what this guy thinks. You think most businesses can successfully operate by the seat of their pants and expect to survive for long? With Congress writing monstrous laws that they don’t even bother to read ahead of time or know what’s in them, of course businesses are going to hold back from hiring until they see how things shake out. They have to plan for the future to be successful and the government is making it much too hard for them to do that planning.

This guy wants to blame the deficits on Bush and his tax cuts while totally ignoring the issue of spending by Congress . That’s enough to show his inability to think logically. We can double our taxes and if Congress increases spending fourfold based upon projected increases in tax revenue, what good will it have done us? And I'm not even a Bush fan by the way.

You must have missed the part where the guy who wrote the article owned and operated his own business. Seems he's qualified to call out the private sector for being wimps. Even if we accept your premise that he is wrong he still has earned the right to make the argument because he's done it.
 
Re: The 112th Congress: Debt ceiling edition

You must have missed the part where the guy who wrote the article owned and operated his own business. Seems he's qualified to call out the private sector for being wimps. Even if we accept your premise that he is wrong he still has earned the right to make the argument because he's done it.

No I didn't miss it. But he is retired, not a current business owner, so I'm not so sure he'd feel the same way now. Then again he might disingenuously say the same thing to support his political viewpoint.
 
Re: The 112th Congress: Debt ceiling edition

So. Why does everything have to be all right or all wrong. If we stop labelling everything and attaching it to a president (pick the one you want to hate on more), it would seem there are valid points to both the arguments. The minute you attach it to a political figure all critical thinking seems to go somewhere south and it has no gray. This baffles me.
 
Re: The 112th Congress: Debt ceiling edition

So. Why does everything have to be all right or all wrong. If we stop labelling everything and attaching it to a president (pick the one you want to hate on more), it would seem there are valid points to both the arguments. The minute you attach it to a political figure all critical thinking seems to go somewhere south and it has no gray. This baffles me.

Because a lot of people aren't sure where they stand on an idea until that name is attached. For example, taxes. If I said one idea was to make the top marginal rate 50% and the other idea was to make the top marginal rate 39.6%, which idea would be trumpeted by investors? Exactly. Obama is proposing setting tax rates to where they were under Clinton, lower even than those proposed by Reagan. Yet Reagan is the champion of the Free Market and Obama is a Socialist.
 
Re: The 112th Congress: Debt ceiling edition

because a lot of people aren't sure where they stand on an idea until that name is attached. For example, taxes. If i said one idea was to make the top marginal rate 50% and the other idea was to make the top marginal rate 39.6%, which idea would be trumpeted by investors? Exactly. Obama is proposing setting tax rates to where they were under clinton, lower even than those proposed by reagan. Yet reagan is the champion of the free market and obama is a socialist.

ialto

http://www.nytimes.com/2004/06/08/opinion/the-great-taxer.html
 
Re: The 112th Congress: Debt ceiling edition

Because a lot of people aren't sure where they stand on an idea until that name is attached. For example, taxes. If I said one idea was to make the top marginal rate 50% and the other idea was to make the top marginal rate 39.6%, which idea would be trumpeted by investors? Exactly. Obama is proposing setting tax rates to where they were under Clinton, lower even than those proposed by Reagan. Yet Reagan is the champion of the Free Market and Obama is a Socialist.

The final rate under Reagan was 28%.
 
Re: The 112th Congress: Debt ceiling edition

Because a lot of people aren't sure where they stand on an idea until that name is attached.

That's how most of the electorate "analyzes" an issue. If you put out a poll that asked:

"The Democrats believe `Twas brillig, and the slithy toves. Did gyre and gimble in the wabe. How do you feel?"

90% of Fox viewers would be feverishly against it, 90% of MSNBC viewers would be for it, and 90% of Kos readers would feel that while a good start, it didn't go far enough.

90% of moderates would be watching a story about Wienergate.
 
Re: The 112th Congress: Debt ceiling edition

Dunno whether it was an isolated incident of sanity, but I heard Mick Mulvaney, freshman Republican Congressman from SC-05, on POTUS this morning, and he sounded bright and unscripted.
 
Re: The 112th Congress: Debt ceiling edition

I don't know why anybody (of either party) resigns from the House after stuff like this. The voters decide every two years -- they can fire him if they want.
 
Re: The 112th Congress: Debt ceiling edition

I don't know why anybody (of either party) resigns from the House after stuff like this. The voters decide every two years -- they can fire him if they want.
Because it's the right thing to do? I know, quaint notion.
 
Re: The 112th Congress: Debt ceiling edition

Because it's the right thing to do? I know, quaint notion.

People motivated by the right thing to do don't run for public office anymore. They're home with their families or volunteering at soup kitchens or risking their lives at protests.
 
Re: The 112th Congress: Debt ceiling edition

People motivated by the right thing to do don't run for public office anymore. They're home with their families or volunteering at soup kitchens or risking their lives at protests.
I should have explained a little more. It's the right thing overall, so people put enough pressure on that the right thing is done. I'm not saying he'd do the right thing absent pressure and all, but that with enough pressure sometimes people will do the right thing (however the right thing is defined, though in this case I think it's pretty clear).
 
Re: The 112th Congress: Debt ceiling edition

I should have explained a little more. It's the right thing overall, so people put enough pressure on that the right thing is done. I'm not saying he'd do the right thing absent pressure and all, but that with enough pressure sometimes people will do the right thing (however the right thing is defined, though in this case I think it's pretty clear).

I'd like an explanation as to why David Vitter was not pressured, and why he receives money from his Republican colleagues for his reelection efforts? He in fact broke the law.

http://www.huffingtonpost.com/2011/06/09/david-vitter-anthony-weiner-_n_873393.html
 
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