Recent content by SteveSr

S
The Skeptical Optimist

Everything you predicted has come true? To remove the public grandstanding factor that apparently motivates you, let's discuss this via private email -- with the understanding that either one of us will be free to subsequently publish anything that transpires during that exchange. I...
- SteveSr
- Post #6
- Apr 10, 2006
- Forum: Politics and News
S
7,997,065,511,491.59

How ironic, you asking me that question. I presume you remember these profound thoughts on the complex topic of economics: You apparently have fun, posting the way you do. Looking back on this whole thread, I can say that, for me, has been an annoying waste of my time.
- SteveSr
- Post #91
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

Would the Monthly Treasury Statement be sufficient evidence to convince you otherwise? If not, go bug somebody else. If so, go see the graph in this post: Link. Steve
- SteveSr
- Post #87
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

That graph looks like it ignores recent developments, but I agree the ratio is headed for the 70% range. I'm not sure what the upper boundary should be for the "don't worry" range, but I do know that 70% would be lower than the Euro-area average, and also approx half of Japan's. To keep it...
- SteveSr
- Post #83
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

Okay, one more try on your "cherry-picking" accusation, dullard. If the results you see appear suspicious, then I'm sorry that's your emotional, knee-jerk reaction; 59% appears frequently simply because that's the winning percentage when one algorithm beats another 104 out of 177 quarters, and...
- SteveSr
- Post #81
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

Dullard, you may rest assured that I will give your questions the attention they so richly deserve.
- SteveSr
- Post #77
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

Very unsurprising that, in a public forum, there is always a Jhhnn who starts with the assumption of another's ulterior motive when Jhhnn finds something with which he disagrees. You are ranting about the differences in why both sides arrive at the conclusion that permanent, measured...
- SteveSr
- Post #75
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

To eliminate borrowing, either taxes must be higher or spending must be lower (or some combination). If taxes are higher, the private sector has less money to invest in things that grow the economy. If spending is lower, the government has less money to invest in doing its national security...
- SteveSr
- Post #71
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

You're welcome, tss4. If you're interested, I'd recommend one little book that's very concise and to-the-point: The Great Deficit Scares, by the late Robert Eisner. (He explains the fiscal debt & deficit, the trade deficit, and the SS situation all in one small gem of a book.) Steve
- SteveSr
- Post #70
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

If GDP (of which your income is one component) grows at least as fast as the debt grows, such that the ratio remains right around 65-70% indefinitely, why do you think the debt would be a problem for you? Today, we have $8T debt in a $12T economy; would you be fearful of $80T debt in a $120T...
- SteveSr
- Post #68
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

Then your qualm is with debt rollover, and adding new debt on top of old debt, then rolling that over as the economy grows. (Wal-Mart, General Electric, and countless other corporations gradually keep increasing their long term debt as they continue to grow; I presume you're against that, too.)...
- SteveSr
- Post #66
- Oct 18, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

The supply of facts is nearly unlimited, so I suppose anybody who didn't reveal all the facts could be accused of cherry-picking, in which case I plead guilty. I select what my knowledge and experience tell me are the relevant facts; subsequently, if successfully challenged by someone with more...
- SteveSr
- Post #63
- Oct 17, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

The debt-to-GDP ratio has in fact declined in 2005. The Dec 2004 reading was larger than the Sep 2005 reading. Those are historical facts. Speculating about the specific effect of hurricanes and oil prices on full-year GDP would be just that: speculation, not fact. You're right, you didn't...
- SteveSr
- Post #61
- Oct 17, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

That is quickly becoming clear to me. George Gilder, a father of supply-side economics, whom some label an "ultra right-winger", frequently cites Keynes in his books to support certain economic points, and to refute others. Apparently you disagree with Gilder when he agrees with Keynes, and...
- SteveSr
- Post #60
- Oct 17, 2005
- Forum: Politics and News
S
7,997,065,511,491.59

1. (a) What struck you as funny? (b) You seem to know what my personal agenda is. Please explain it as you think you know it. 2. To some readers, "Talk about adjusting the data to meet your personal agenda" is equivalent to reading "He's a liar." Other readers consider the source, and...
- SteveSr
- Post #58
- Oct 17, 2005
- Forum: Politics and News

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