The US Economy - A Ponzi Scheme

[whell]

Originally Posted by Tom Joad

Right, with their 60 votes in the Senate that they had for four months.

http://www.msnbc.com/rachel-maddow-s...-supermajority

We all make our choices. During that time, the Dems chose to make the priority the stimulus and health care reform. I guess they used the time they had in line with their priorities.

[piece-itpete]

Originally Posted by whell

We all make our choices. During that time, the Dems chose to make the priority the stimulus and health care reform. I guess they used the time they had in line with their priorities.

And extending 'Bushes' tax cuts

Pete

[bobabode]

Originally Posted by whell

Not wishing anything away here. However, you're assuming causation based on little else but faith or dogma. You're assuming tax cuts among other things as central to causation of our current economic issues, and our current levels of underfunding (Of course, I also remember that some of those tax cuts were passed through Congress in partnership with Democrat majorities). There's no evidence to support your assertion.

You're also choosing to ignore the impact of dramatic increases in spending under Obama. Over his tenure, we've spent, on average, 38% more per year than we've taken in. While that ratio has settled down a bit in the last year or so (bit still historically quite high), it was as high as 67% (2009) and 60% (2010). Bush Jr averaged 12%, and his worst year was 22%. Obama's best year so far is 2013 at 24%.

As you like to quote: facts are stubborn things.

Still conveniently ignoring the two wars put on the country's credit card, eh Whelly? Not too mention the economy in free fall prior to President Obama's inauguration. I'll give ya props for being studiously dense though pally.

[bobabode]

Originally Posted by piece-itpete

And extending 'Bushes' tax cuts

Pete

Is that a bumper sticker again?

[piece-itpete]

It should be

Pete

[whell]

Originally Posted by bobabode

Still conveniently ignoring the two wars put on the country's credit card, eh Whelly? Not too mention the economy in free fall prior to President Obama's inauguration. I'll give ya props for being studiously dense though pally.

Speaking of dense, apparently you either fail to understand or are choosing to conveniently ignore the info that I provided in paragraph 2 post 23. Do you somehow not understand that defense spending would be included in that calculation, as well as the Treasury data in post 1?

[finnbow]

Back to the Ponzi analogy. It's as much of a Ponzi scheme as refinancing your house is. It would economic malpractice if we didn't refinance debt at lower interest rates.

[Tom Joad]

Originally Posted by piece-itpete

And extending 'Bushes' tax cuts

Pete

So?

You managed to hand that turd over to Obama.

You're still the ones that shat it.

Just like you did with Iraq, Afghanistan, the sub-prime economic melt down, etc.

It's what you people do.

Shit out big fat steaming turds and then leave them for someone else to deal with.

[piece-itpete]

Doesn't it suck when actions speak louder than words?

Pete

[MrPots]

Originally Posted by finnbow

It ain't a Ponzi scheme, Whell. Were it not for Reaganomics, Dubya's tax cuts and his lax enforcement of securities law, we'd be sitting fat.

Indeed. Kansas was well set financially until Brownback told the rich folks they didn't have to pay taxes any more. Now the red ink is endless.

Self inflicted wounds.....