Fix the Debt's Fuzzy Math

Preventing economic collapse was expensive, but worth the cost.

Preventing economic collapse was expensive, but worth the cost.

you mean the shovel-ready jobs that Obama admitted was a lie and laughed it off as a joke? How convenient of him to laugh off the waste of hundreds of billions of taxpayer dollars...it is just so hilarious...HAHAHAHA
http://www.youtube.com/watch?v=03v2Oq9NRC4

You're complaining about normalizing the debt as a percent of GDP?

Why not just say that?

"This means the people who want to reduce current deficits want slower growth and higher unemployment. "

"deficit hawks want to provoke irrational fears of large numbers."

that will mean we will have to pay ONE TRILLION dollars PER YEAR on INTEREST ALONE, let alone pay down the principal or pay for Obamacare or the rest of the clap-trap.

maybe you'd care to explain again how printing money, then spending, leads to less unemployment and no hyperinflation.

spending has incredibly ramped up in the past 6 years.

Our u6 unemployment was 14.2% in January 2009. In January of 2013 it's 14.4%.

This is essentially the slowest recovery in history, yet the biggest increase in spending during history.

Our GDP growth should have spiked once the recession.. "ended". Yet it never did.. Not only did it not spike.. it's actually been very low and weak after it hit it's low in 09. So with all this spending it hasn't really proven much. Unless we're continuing with the theory that continued spending will stop us from sinking lower.

You've already made your opinion very clear in other threads. You think we just start printing money and ramp up our economy. I don't feel like looking it up.. maybe you'd care to explain again how printing money, then spending, leads to less unemployment and no hyperinflation.

"The Nation" eh? the self-described "flagship of the left"...maybe someone needs to tell them how their leftist policies have FAILED in EVERY country it has been tried...their own business is a failure....they have been around since 1865, and LOST MONEY in ALL years of their existence except for 3 or 4, and only exist because of about 30,000 communist donors [wikipedia.org] willing to keep throwing their money into the bottomless pit of failure that is "The Nation"

sorry, I do not need economic advice from a failed outfit that hasn't made money in over 150 years, an outfit whose policies have eventually failed each and every single time in history, resulting in a collapse of each nation's economy and society.

Just FYI, not paying down the debt leads to ever increasing interest rates, which stifles and kills the economy, as well as diverting billions of the people's dollars to paying interest instead of keeping it. It might work out in the short term, but eventually one more little straw will break the camel's back.

oh yeah, but I DO agree with you about the fuzzy debt math....if the government wasn't running a fraudulent scam using its own special rules for itself that it doesnt let anyone else use, and had to use the same GAAP accounting standards that it forces on everyone else, the REAL financial reports would report a REAL debt of $122 Trillion, not $16.5 Trillion.

print money -> spend money -> hire people -> increase production

increasing production to match demand means no hyperinflation.

i've explained it in those other threads you allude to.

print money -> spend money -> hire people -> increase production

increasing production to match demand means no hyperinflation.

Fed’s Fisher Says U.S. Inflation Expectations Rising

“A sustained increase” in inflation expectations “would suggest incipient doubts about our commitment to the Bernanke doctrine of sailing on a course consistent with 2 percent long- term inflation,” Fisher said in a speech in New York.

The five-year, five-year forward break-even rate, which projects the pace of price increases starting in 2017, rose to 2.88 percent on Sept. 14, the day after the FOMC decided on QE3. That was up half a percentage point from July 26. It dropped to 2.80 percent on Sept. 17.

a paper that's been around for 150 years is a failure, huh?

leftist policies fail, huh?

when confronted with facts you don't like, attack the source, and use lies and illogical statements to do so.

i've explained it in those other threads you allude to.

print money -> spend money -> hire people -> increase production

increasing production to match demand means no hyperinflation.


a paper that's been around for 150 years is a failure, huh?

leftist policies fail, huh?

when confronted with facts you don't like, attack the source, and use lies and illogical statements to do so.

To your first point, it really doesn't seem that you have a clue as to how this stuff works.

To your second point, he pointed out that this 150 yr old paper has never really made money, and depends on a few wealthy donors to keep it a float.
If his informations not correct, show us why.

Also, can you show us some good examples of leftist economic policies working?

what would YOU call a paper that has lost money for 146 out of 150 years?


Looking at the US, leftist policies have produced Social Security (broke and soon to be bankrupt), SSDI (broke and soon to be bankrupt), Medicare (broke and soon to be bankrupt), medicaid (broke and soon to be bankrupt), food stamps (a sesspool of waste and fraud), various welfare programs and communist wealth redistribution schemes (sesspools of waste and fraud), a progressive tax system that is the worst and most complicated and skewed in the entire industrialized world, etc etc
on the world scene, what would YOU call France, Spain, Italy, Ireland, Portugal, Greece, Soviet Union, Argentina, all of Eastern Europe, etc etc...I call them failures of leftist policies. I can't mention China anymore because even they realized communism was a failure and switched to capitalism, albeit a state-controlled dictatorship version of one. I guess you are more intelligent than the Chinese at running an economy

talking to yourself in the mirror, are you?