Deficits don't matter!

[techs]

Has anyone seen our imperious leader lately?
After presiding over the largest deficit spending in our history our mental midget President has only been heard from a couple of times, in the last few weeks, iirc.
Once to say how the economy was doing fine, except for a few minor indicators.
And the other when the Democrats proposed a stimulus package. Then Bush suddenly came up with his own similiar package.

Well, EVERYTHING that was predicted would happen due to Bushes and the Republicans irresponsible leadership over the 6 years of Republican tyranny are coming true.
Borrow and spend. Shifting wealth to the super rich. Unfair trade with China.
The Neo-Cons are getting the financial bloodbath which they wanted.
George Bush. Economic terrorist?



--------------------------------------------
This is your <ONE allowed trolling thread for the week - Make it count


Senior Anandtech Moderator
Common Courtesy

 

[bbdub333]

Why are you still here?

 

[palehorse]

in-before-lock.. woot!

 

[blackangst1]

isnt this a RP?

 

[techs]

Originally posted by: palehorse74
in-before-lock.. woot!

I always know when I have posted something that REALLY hits home and is true.
Thats when those who have no response scream for a lock.

 

[palehorse]

Originally posted by: techs

Originally posted by: palehorse74
in-before-lock.. woot!

I always know when I have posted something that REALLY hits home and is true.
Thats when those who have response scream for a lock.

uhhh... your posts are a joke Laruso!

 

[heyheybooboo]

<------ Part-time Billionaire for Bush

He is not an economic terrorist to the fabulously well-to-do, you silly boy.

We need more tax cuts and trillions of debt. Greed is good. Trickle-down is not an STD.

 

[randym431]

Well, EVERYTHING that was predicted would happen due to Bushes and the Republicans irresponsible leadership over the 6 years of Republican tyranny are coming true.

Yes, amazing. Usually it only takes them 4 years (past experience).

Isnt his state of the union coming up?
Spin....spin....spin....

 

[techs]

Originally posted by: randym431

Well, EVERYTHING that was predicted would happen due to Bushes and the Republicans irresponsible leadership over the 6 years of Republican tyranny are coming true.

Yes, amazing. Usually it only takes them 4 years (past experience).

Isnt his state of the union coming up?
Spin....spin....spin....

Yeah, its between blaming Osama or the Dems for Bushes disaster.
I'm betting he's gonna blame Hilary!

 

[Lemon law]

Of course deficits matter. The classic economic theory States its wise to run deficits to stimulate the economy after a downturn. After the economy turns back up one is supposed to pay back the deficit which then keep the economy from over heating.

But somehow we get this bright idea we can just keep stimulating the economy all the time with deficits. Plus we are addicted to its kissing cousin, the balance of trade deficit, which came in 1980, and now a trade surplus is just a distant memory. And while our debt is still less than at a supposedly unmanageable level compared to GDP, our budget for all but the last six spend thrift years, would be showing a surplus were it not for the cost of servicing the debt.

Even at 3% interest, the cost of servicing 10 trillion in debt is 300 billion/yr.. And now that our currency is devaluing, the interests rates must go up or the debt must be repaid.

This time, the real cure will be in finding our long lost relative, the trade surplus. Because running deficits, while part of the conventional past wisdom cure, is now the root cause of whats making us sick.

 

[techs]

Originally posted by: Lemon law
Of course deficits matter. The classic economic theory States its wise to run deficits to stimulate the economy after a downturn. After the economy turns back up one is supposed to pay back the deficit which then keep the economy from over heating.

But somehow we get this bright idea we can just keep stimulating the economy all the time with deficits. Plus we are addicted to its kissing cousin, the balance of trade deficit, which came in 1980, and now a trade surplus is just a distant memory. And while our debt is still less than at a supposedly unmanageable level compared to GDP, our budget for all but the last six spend thrift years, would be showing a surplus were it not for the cost of servicing the debt.

Even at 3% interest, the cost of servicing 10 trillion in debt is 300 billion/yr.. And now that our currency is devaluing, the interests rates must go up or the debt must be repaid.

This time, the real cure will be in finding our long lost relative, the trade surplus. Because running deficits, while part of the conventional past wisdom cure, is now the root cause of whats making us sick.

Are you saying that if inflation takes off, with our national debt, it will make the current stock market problems look like small change?
I guess you are.

 

[manowar821]

Techs is 100% right, this isn't a troll thread. This administration is a complete and utter joke.

I suggest you check your partisan self, "Common Courtesy".

 

[techs]

Originally posted by: manowar821
Techs is 100% right, this isn't a troll thread. This administration is a complete and utter joke.

I suggest you check your partisan self, "Common Courtesy".

Thanks. And I agree 100 percent!

 

[blackangst1]

Originally posted by: techs

Originally posted by: Lemon law
Of course deficits matter. The classic economic theory States its wise to run deficits to stimulate the economy after a downturn. After the economy turns back up one is supposed to pay back the deficit which then keep the economy from over heating.

But somehow we get this bright idea we can just keep stimulating the economy all the time with deficits. Plus we are addicted to its kissing cousin, the balance of trade deficit, which came in 1980, and now a trade surplus is just a distant memory. And while our debt is still less than at a supposedly unmanageable level compared to GDP, our budget for all but the last six spend thrift years, would be showing a surplus were it not for the cost of servicing the debt.

Even at 3% interest, the cost of servicing 10 trillion in debt is 300 billion/yr.. And now that our currency is devaluing, the interests rates must go up or the debt must be repaid.

This time, the real cure will be in finding our long lost relative, the trade surplus. Because running deficits, while part of the conventional past wisdom cure, is now the root cause of whats making us sick.

Are you saying that if inflation takes off, with our national debt, it will make the current stock market problems look like small change?
I guess you are.

theres a problem with the stock market?

 

[techs]

Originally posted by: blackangst1

Originally posted by: techs

Originally posted by: Lemon law
Of course deficits matter. The classic economic theory States its wise to run deficits to stimulate the economy after a downturn. After the economy turns back up one is supposed to pay back the deficit which then keep the economy from over heating.

But somehow we get this bright idea we can just keep stimulating the economy all the time with deficits. Plus we are addicted to its kissing cousin, the balance of trade deficit, which came in 1980, and now a trade surplus is just a distant memory. And while our debt is still less than at a supposedly unmanageable level compared to GDP, our budget for all but the last six spend thrift years, would be showing a surplus were it not for the cost of servicing the debt.

Even at 3% interest, the cost of servicing 10 trillion in debt is 300 billion/yr.. And now that our currency is devaluing, the interests rates must go up or the debt must be repaid.

This time, the real cure will be in finding our long lost relative, the trade surplus. Because running deficits, while part of the conventional past wisdom cure, is now the root cause of whats making us sick.

Are you saying that if inflation takes off, with our national debt, it will make the current stock market problems look like small change?
I guess you are.

theres a problem with the stock market?

There's a problem with a country that is borrowing huge amounts of money to maintain its standard of living, intstead of actually producing and selling to maintain its standard of living.

 

[blackangst1]

Originally posted by: techs

Originally posted by: blackangst1

Originally posted by: techs

Originally posted by: Lemon law
Of course deficits matter. The classic economic theory States its wise to run deficits to stimulate the economy after a downturn. After the economy turns back up one is supposed to pay back the deficit which then keep the economy from over heating.

But somehow we get this bright idea we can just keep stimulating the economy all the time with deficits. Plus we are addicted to its kissing cousin, the balance of trade deficit, which came in 1980, and now a trade surplus is just a distant memory. And while our debt is still less than at a supposedly unmanageable level compared to GDP, our budget for all but the last six spend thrift years, would be showing a surplus were it not for the cost of servicing the debt.

Even at 3% interest, the cost of servicing 10 trillion in debt is 300 billion/yr.. And now that our currency is devaluing, the interests rates must go up or the debt must be repaid.

This time, the real cure will be in finding our long lost relative, the trade surplus. Because running deficits, while part of the conventional past wisdom cure, is now the root cause of whats making us sick.

Are you saying that if inflation takes off, with our national debt, it will make the current stock market problems look like small change?
I guess you are.

theres a problem with the stock market?

There's a problem with a country that is borrowing huge amounts of money to maintain its standard of living, intstead of actually producing and selling to maintain its standard of living.

Thats not what I asked lol

 

[heyheybooboo]

Originally posted by: blackangst1

theres a problem with the stock market?

The problem is the 'irrational exuberance' of a Google with no dividend and a P/E of 50 (with a market cap greater than that of Bank of America) ...

When essentially BOA profit is 150% of Google total revs ...

And that 6%+ BOA dividend yield (makes me wish I went 'all-in' this morning since stock price went up 4% today ...)

 

[Lemon law]

Well cheer up, if inflation kicks in the Dow Jones may not tank. And instead of falling to 8,000 it may raise to 30,000 or even higher. Never mind that it may take truckloads of money to buy a loaf of bread, we gotta keep the Dow above 12,000. Or what will the Jone's think?

 

[TastesLikeChicken]

Originally posted by: techs

Originally posted by: manowar821
Techs is 100% right, this isn't a troll thread. This administration is a complete and utter joke.

I suggest you check your partisan self, "Common Courtesy".

Thanks. And I agree 100 percent!

Bwahahahahahahaha.

Thanks for the irony and the chuckle you two.

:thumbsup:

 

[Lemon law]

Well speak of chuckles and grins, it now looks GWB will get caught with a bad economy, unlike lucky Ronald Regan who managed to sneak out of office leaving unfortunate
GHB who had to raise taxes when spend and borrow became untenable.

Now what will the new slogan be? With Hoover, it changed from a chicken in every pot and two cars in every garage to Hoover Hogs.

Now that chickens in every pot are now coming to roost for GWB, one cartoonists has labeled the new needed slogan as the splurge.

 

[techs]

Originally posted by: Lemon law
Well speak of chuckles and grins, it now looks GWB will get caught with a bad economy, unlike lucky Ronald Regan who managed to sneak out of office leaving unfortunate
GHB who had to raise taxes when spend and borrow became untenable.

Now what will the new slogan be? With Hoover, it changed from a chicken in every pot and two cars in every garage to Hoover Hogs.

Now that chickens in every pot are now coming to roost for GWB, one cartoonists has labeled the new needed slogan as the splurge.

"Economic collapse? What economic collapse? Everyone I know has millions of dollars."
George Bush

 

[Craig234]

Originally posted by: Lemon law
Well speak of chuckles and grins, it now looks GWB will get caught with a bad economy, unlike lucky Ronald Regan who managed to sneak out of office leaving unfortunate
GHB who had to raise taxes when spend and borrow became untenable.

Don't forget that Reagan himself had to pass a huge tax *increase*.

Even liberals can seem to easily forget history about him.

 

[techs]

Originally posted by: Craig234

Originally posted by: Lemon law
Well speak of chuckles and grins, it now looks GWB will get caught with a bad economy, unlike lucky Ronald Regan who managed to sneak out of office leaving unfortunate
GHB who had to raise taxes when spend and borrow became untenable.

Don't forget that Reagan himself had to pass a huge tax *increase*.

Even liberals can seem to easily forget history about him.

Well, even Reagan did want to bring on an economic collapse.
Which, sadly, is the stated plan of the neo-cons.