How to screw up an economy

[whell]

I think this graphic says it all:



If that's not enough, listen to what Madame Yellen has to say:

“I guess one recommendation that I would give you is that long-term budget deficits, we can see in, for example, CBO’s very long-term projections, that they remain,” said Yellen. “There is more work to do to put fiscal policy on a sustainable course. That progress has been made over the last several years, in bringing down deficits in the short term, but that a combination of demographics, the structure of entitlement programs, and historic trends in health-care costs, we can see that over the long-term deficits will rise to unsustainable levels relative to the economy."

So, the Dems who have fought tooth and nail any effort to reduce the growth of Gov't spending, who have taken the "historic trends in health-care costs" and placed those directly on the backs of taxpayers via PPACA, who gave us the Stimulus - or should I say Stimuli - have contributed mightily to....umm....what's the vernacular term? ...driven the economy deeper into the ditch....then covered the car in the ditch with gasoline and lit the car on fire....then pissed on the car while its burning.

More:

According to the CBO, “mandatory” federal spending will increase approximately 58 percent over the next ten years, rising from $2.32 trillion in 2015 to $3.664 trillion in 2024. Over that decade, total federal “mandatory” spending will be $29.737 trillion.

Can you say "unsustainable"? And folks wonder why there was opposition to raising the debt limit.

http://www.cnsnews.com/news/article/...ainable-levels

[4-2-7]

Did you see my post or anything on the .01 present GDP that's getting revised to -0.5 present?

Ya but look at all the economic growth, well growth in debt anyway.

[Tom Joad]

Originally Posted by whell

So, the Dems who have fought tooth and nail any effort to reduce the growth of Gov't spending,

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

[Dondilion]

Originally Posted by Tom Joad

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

Are you serious?

[one1]

there is nothing that will reverse the momentem at wich our economy is out of control,from every microchasm of the Government all the to wall street and into the private banking sector.America Has become a big shiny POS,waiting to be divied up to Whomever,Me I hope it is China .then at least they can handle the unruly armed factions as they should be handled.

[JJIII]

Originally Posted by Tom Joad

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

[bobabode]

Originally Posted by Tom Joad

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

Originally Posted by Dondilion

Are you serious?

Originally Posted by JJIII

Ever heard of FDR?

[Dondilion]

We need to put our house in order, but Bush has reduced taxes on the rich to
such an extent that any such exercise now will burden excessively the middle and working class.

Massive increase in government spending will only exacerbate waste.

It is a quandary! A lack of collective will and good sense.

The rich can afford to pay more taxes and government needs to reduce
spending.

[bobabode]

Originally Posted by Dondilion

We need to put our house in order, but Bush has reduced taxes on the rich to
such an extent that any such exercise now will burden excessively the middle and working class.

Massive increase in government spending will only exacerbate waste.

It is a quandary! A lack of collective will and good sense.

The rich can afford to pay more taxes and government needs to reduce
spending.

The question is where to reduce, the MIC would be my first choice and spend the 'peace dividend' on infrastructure. Call me old fashioned.

[piece-itpete]

Whell it's chilling.

It was much lamented, that the stimulus was nowhere near enough.

The Democrats extended Bush's tax cuts.

Pete