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2010-02-02 Home Front: Politix

Leading House Dem: 'We've got to spend our way out of this recession'

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Posted by Steve White 2010-02-02 00:00|| || Front Page|| [2 views ] Top

#1 Steve Keen's Debtwatch blog makes interesting reading on how the last 30 years brought us to this point.

In summary, repeated government stimuluses during recessions prevented the normal debt divestment that occurs in a recession, while at the same time transfering debt from individuals and companies to the government.

Governments simply don't have enough money to keep stimulating and feeding the asset bubbles.

Posted by phil_b 2010-02-02 00:35|| 2010-02-02 00:35|| Front Page Top

#2 Unfortunately since so many consumer goods are imported this has a strong negative feedback mechanism on the effects of stimulus funds. Consumers buy ipods, the money goes to China and then feeds their real estate bubble in Beijing or Inner Mongolia.

Posted by Thing From Snowy Mountain 2010-02-02 01:14|| 2010-02-02 01:14|| Front Page Top

#3 It's starting to look like there is no way to grow the economy. The US may turn Amish.

Posted by Anguper Hupomosing9418 2010-02-02 01:53|| 2010-02-02 01:53|| Front Page Top

#4 It's starting to look like there is no way to grow the economy while simultaneously growing government.

FYP

Posted by AzCat 2010-02-02 02:08|| 2010-02-02 02:08|| Front Page Top

#5 The America of my time line is a laboratory example of what can happen to democracies, what has eventually happened to all perfect democracies throughout all histories

Posted by g(r)omgoru 2010-02-02 03:40|| 2010-02-02 03:40|| Front Page Top

#6 Spend our way out of this recession Jim ?

OK, but first, we empty your bank account, sell all your assets, transfer your pension to the US Treasury and attach any of your future earnings and those of your children, grand children and great-grand children.

Obama's budget, which was unveiled Monday morning, calls for $3.8 trillion in spending for 2010, but is projected to cause a $1.27 deficit.

With all of Jim's money we end up with a $1.27 deficit ? One Dollar and Twenty seven cents. Good Go Jim.....

Posted by Thromorong Johnson8241 2010-02-02 06:56|| 2010-02-02 06:56|| Front Page Top

#7 Thanks for the attack, grom, you sh**.
Don't hit his link.

Posted by Lumpy Flailing9316 2010-02-02 07:44|| 2010-02-02 07:44|| Front Page Top

#8 Not much of an 'attack'. Heinlein is not the first to say that once people realize they can vote themselves free money the game is pretty much over.

Posted by SteveS 2010-02-02 08:26|| 2010-02-02 08:26|| Front Page Top

#9 Goodreads has been known to infect the machines of visitorws with spyware and viruses. I suspect that is the 'attack' that Lumpy is talking about.

Posted by lotp 2010-02-02 08:57|| 2010-02-02 08:57|| Front Page Top

#10 I am using the Obama/Orzag method of budgeting for my own family budget.

This year we are buying a new Falcon jet, taking a round the world cruise and buying a Chateau in France. We are dong this on less than $200k income. What we have done is this:

1. We are using the assumption that we will win the $180 million Powerball drawing.

2. That my uncle, who I have never met, will leave me his 100k shares of FedEx that he got when he joined them in 1978.

3. We have also considered the MacArthur Prize we will receive for our patented family budget process as well as a direct gift from the Bill and Melinda Gates Foundation.

This guy Obama is so smart. If it wasn't for him I would probably end up homeless instead of wealthy.

Posted by Jack is Back! 2010-02-02 09:28|| 2010-02-02 09:28|| Front Page Top

#11 How novel. I guess I'll get on with buying $hit and running up the credit cards. Where's my subprime loan and Obama money? Clyburn, you lame nitwit. That's what got us into trouble.

Posted by JohnQC 2010-02-02 10:05|| 2010-02-02 10:05|| Front Page Top

#12 Somebody slap him - his brain's locked up again.

Posted by mojo 2010-02-02 12:32|| 2010-02-02 12:32|| Front Page Top

#13 * ION PAKISTANI DEFENCE FORUM > NYT > [OBAMA Budget] HUGE BUDGET DEFICITS MAY ALTER US POLITICS AND GLOBAL POWER.

IOW, America = Amerika, mighty USSA = weak USRA SSR needs OWG-NWO becuz SSSSSSSSHHHHHHHHHHHH, its the only way Amer can avoid DEFICIT-BASED GEOPOL-GLOBAL MELTDOWN.

Lest we fergit, "DEFICIT BUDGETING/SPENDING" > another way of saying BANKRUPTCY FINANCING/LEVERAGING. YOU WERE BANKRUPT + BROKE BEFORE YOU EVEN BEGAN.

D *** NG IT, MORIARITY, KEEP GIVING THE SOCIALIST MASSES THAT DIDN'T VOTE FOR SOCIALISM NOR OWG-NWO, ETC. THAT PLACEBO!

* SAME > ARAB STATES WANT PAKISTAN [+ France, CHIna, etal.] TO BE COME A SUPERPOWER].

Methinks its safe to say that this is one reason, among other, that RADICAL ISLAM IS [overtly]"GOING NUCLEAR".

* Lessirree

To wit,

* NET-alleged ANTI-AMERICAN POTUS as CIC of Amer Armies around the world.
* "BANKRUPT" USA.
* "AMERIKA RISING"? Read, DEV SOCIALIST AMER NATIONAL-GEOPOL FOCII IS NOT ON DEFEATING DEV NUCLEAR RADIC ISLAM = NUCLEAR TERROR.
* "CREEPING" DESTABILZ + ISOLATION OF ASIA + AFRICA, etc. = FUTURE NUCLEAE ISLAMIST ASIA + AFRICA, etc.
* NUCLEAR ISLAMISM-TERRORISM. The MILTERRS got "DA BOMB" = know how to use 'em.

As said times before, something is wrong within RADICAL ISLAM iff the Jihaidis still can't win the GWOT with the above going on.

** Also from PAKISTANI DEFENCE EFORUM/OTHER - THE DANGERS OF USING MILITANTS AND TERORISTS AS GEOPOL PROXIES [can turn on you].

ARTIC > YOUR LOYAL SLAVE = WORKER BEE ONE DAY, YOUR LORD, MASTER, + "DEAR LEADER" THE NEXT [Selling you andor executing you].

Posted by JosephMendiola 2010-02-02 18:19|| na 2010-02-02 18:19|| Front Page Top

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