The sad cost of war

[Riot]

Originally Posted by Danzig

but the fact is, and remains, that the deficit is the biggest issue for the economy and is what will continue to hamper any attempts at recovery. yet the current administration is spending money hand over fist, and is attempting to begin more costly programs than we have already that we can't afford. now is the time to cut back budget-wise, not take on even more debt. it seems to me at this point that obama is more interested in pushing forward his agenda, while completely ignoring reality.

What do you think would have happened to us, to the world, if banks were allowed to simply fail, if the major financial institutions didn't receive loans, if there was no stimulus package, etc? If none of the other industrialized countries in the world did the same as we did?

As distastful as it is to increase the deficit, it's the only way out of a recession, the only way to prevent a depression. Look at history. Regarding "hampering attempts at recovery", the biggest thing that does that is no cash flow. Yes, I know we are printing it. I am old enough to remember when the gold standard was removed.

[Danzig]

Originally Posted by Riot

What do you think would have happened to us, to the world, if banks were allowed to simply fail, if the major financial institutions didn't receive loans, if there was no stimulus package, etc? If none of the other industrialized countries in the world did the same as we did?

As distastful as it is to increase the deficit, it's the only way out of a recession, the only way to prevent a depression. Look at history. Regarding "hampering attempts at recovery", the biggest thing that does that is no cash flow. Yes, I know we are printing it. I am old enough to remember when the gold standard was removed.

increasing the deficit isn't the answer-why increase one of the things that is causing our problems?? adding healthcare that we can ill afford right now isn't either. proper actions by the govt would be helpful-this mess we've witnessed since january is far from that.
fdr removed the gold standard- i didn't know you were that old!!

[Riot]

Originally Posted by Danzig

increasing the deficit isn't the answer-why increase one of the things that is causing our problems?? adding healthcare that we can ill afford right now isn't either. proper actions by the govt would be helpful-this mess we've witnessed since january is far from that.
fdr removed the gold standard- i didn't know you were that old!!

Spending is, unfortunately, the answer to a recession or a depression. Don't forget the last time - people were essentially being paid to dig a hole, fill it up, dig another hole. If the government hadn't done anything (and this has been coming for some time, remember the previous administration did have a "hands off" policy pretty much for the economy, thus it worsened ... ), double the jobless numbers (Detroit automaker disaster, plus all the smaller manufacturing industries associated with that, that make parts) and add many of them in as homeless or starving. Ohio would probably be under marshall law right now. It would be very, very ugly.

Adding healthcare for the uninsured (40 million people max out of 300 million) - that's not a very expensive thing. Seriously - a trillion over 10 years, less than 1% of our budget.

I am really, really old But what I was talking about was Nixon and gold. I vaguely remember the horror when Lyndon Johnson implemented Medicare. And healthcare - I wish Bush had done it. That was something he had talked about. He got distracted by wars.

[Danzig]

Originally Posted by Riot

Spending is, unfortunately, the answer to a recession or a depression. Don't forget the last time - people were essentially being paid to dig a hole, fill it up, dig another hole. If the government hadn't done anything (and this has been coming for some time, remember the previous administration did have a "hands off" policy pretty much for the economy, thus it worsened ... ), double the jobless numbers (Detroit automaker disaster, plus all the smaller manufacturing industries associated with that, that make parts) and add many of them in as homeless or starving. Ohio would probably be under marshall law right now. It would be very, very ugly.

Adding healthcare for the uninsured (40 million people max out of 300 million) - that's not a very expensive thing. Seriously - a trillion over 10 years, less than 1% of our budget.

I am really, really old But what I was talking about was Nixon and gold. I vaguely remember the horror when Lyndon Johnson implemented Medicare. And healthcare - I wish Bush had done it. That was something he had talked about. He got distracted by wars.

the war got us out of the depression. and two wars helped get us into this one.
i just read where we're going to spend millions to get afgani's not to plant poppy seeds. hell, we must be better off then i thought.


japan attempted the stimulus way out of their recession a few years back-it didn't work. that was one of the things mentioned when d.c. started ramping up talks about one here. wise is he who learns from others' mistakes. but i guess we're not that wise.

[Riot]

Originally Posted by Danzig

japan attempted the stimulus way out of their recession a few years back-it didn't work. that was one of the things mentioned when d.c. started ramping up talks about one here. wise is he who learns from others' mistakes. but i guess we're not that wise.

But so far it appears to be working just fine.

[Danzig]

Originally Posted by Riot

But so far it appears to be working just fine.

our stimulus and recovery is just fine?! really?!?! i read today that if you include people working part-time who used to work full time, and people who have given up on finding a job into the unemployment figures, that we're at almost 17% unemployment. yeah, it sounds just peachy to me. but i guess i should listen to barack more, and the naysayers less....

[GBBob]

Originally Posted by Danzig

our stimulus and recovery is just fine?! really?!?! i read today that if you include people working part-time who used to work full time, and people who have given up on finding a job into the unemployment figures, that we're at almost 17% unemployment. yeah, it sounds just peachy to me. but i guess i should listen to barack more, and the naysayers less....

So...Obama is to blame for this? As I always ask anyone who is blaming Obama...please..what would you be doing differently? Details Deb, AJ, Cannon, Dell...Nothing? No Stimulus? No bailouts? No cash for clunkers?

Wait..I know...tax cuts....strip all funded programs, let the rich pay less and hope that Reagan's pipe dream actually works

[Riot]

Originally Posted by Danzig

our stimulus and recovery is just fine?! really?!?! i read today that if you include people working part-time who used to work full time, and people who have given up on finding a job into the unemployment figures, that we're at almost 17% unemployment. yeah, it sounds just peachy to me. but i guess i should listen to barack more, and the naysayers less....

"The unemployment rate fell to 9.4 percent as the U.S. economy shed 247,000 jobs in July, the government announced on Friday morning. The drop -- the first in 15 months -- comes as a surprise; economists had expected the rate to rise to as high as 9.7 percent.

By a broader measure that includes people who've given up looking for work or who can't find full-time jobs, the unemployment rate fell to 16.3 percent, down from 16.5 percent in June."


'Zig, read this synopsis of the major economic indicators this guy has cobbled from Bloomberg, etc. We're not out, by any means, and won't be soon, but we are standing back from the precipice.

http://www.huffingtonpost.com/hale-s..._b_254600.html

[Cannon Shell]

Originally Posted by Riot

But so far it appears to be working just fine.

Yeah the stimlus is working so great they have been talking about another....

[hi_im_god]

this is really bad.

i haven't seen this many pissed off old white people since they cancelled matlock.