a spending freeze?

[ryan patrick]

are you fucking serious?

[ryan patrick]

Obama Administration To Propose Freezing Non-Military Discretionary Spending | TPMDC

for an article

[sppunk]

His administration basically said this idea was impossible and counter-productive in March 2009.

[Gish08]

How the fuck is this going to work if he wants to pass health care or do anything else?

[ryan patrick]

Originally Posted by Gish08

How the fuck is this going to work if he wants to pass health care or do anything else?

it looks like you've thought this through more than Obama has

my go to quote guy, Nate Silver:

There's more bark here than bite, in other words: "freeze on discretionary spending" means something different on K Street than it does on Main Street. But that's precisely what will make the White House (or at least the Democrats collectively) look flip-floppy. Every time the Democrats propose a jobs bill, or a big investment in alternative energy, you're going to have Krauthammer and Kristol chomping at the bit to go on Fox News and proclaim Obama to be a hypocrite. Pity Robert Gibbs trying to parse his way out of that. This is not how one wins news cycles -- or elections.

[Toast]

Or he could cut the "defense" budget by 50% and we'd STILL be paying way too much.

[Gish08]

Obama's fuckin' up.

[Gish08]

I mean seriously, ANYTHING new he puts forward will be criticized by the GOP as it will introduce new spending.

Does Obama WANT one term? I wonder.

[Future Boy]

Isnt part of the huge gap in deficits between Obama in Bush the fact that he put the Wars on the budget? The WH fails to mention this why exactly?

[redbreegull]

It's impossible to tell if this is a good or bad decision before we see the list of programs that will be cut/frozen.

[Nimrod's Son]

So he's abandoning Keynesnian economics?

[jczeroman]

WHY DO THEY NEVER TOUCH THE MILITARY BUDGET?

It's aggravating. Isn't this guy supposed to be even marginally anti-war? There is more to cut in the military budget then just about anywhere. Crikey!

[sppunk]

Obama is not anti-military; he is a war monger aimilar to Bush imo.

Plus it takes backbone to cut military, which he no longer has one.

[Luke's Wall]

Guess he wrote the last check to Haiti! Too bad America!

[28if]

lot of stupid things being said in this thread

[Eulogy]

Originally Posted by jczeroman

WHY DO THEY NEVER TOUCH THE MILITARY BUDGET?

It's aggravating. Isn't this guy supposed to be even marginally anti-war? There is more to cut in the military budget then just about anywhere. Crikey!

Answer: Because it would me hugely, hugely, hugely unpopular with a lot of people. Not me. But a lot of AMERKINS.

[Order 66]

i'm pretty sure this is just a wink wink nudge nudge maneuver to deride the 'big spending liberal' narrative that's been dominating the election cycle

by the time this goes into effect most of the costly agenda items should be in the pipeline.

[dudehitscar]

Originally Posted by Nimrod's Son

So he's abandoning Keynesnian economics?

are you under the impression that Keynesian economics calls for deficit spending at all times?

[The Omega Concern]

Wall st. gets bailed out. Main street gets nothing. This is the American political staus quo. It's only confounding if you think we live in a representative republic where our representatives represent the public.

[sppunk]

Originally Posted by Nimrod's Son

So he's abandoning Keynesnian economics?

The failure of the stimilus directly correlates to the ineptness of the Keynesnian theory.

[dudehitscar]

Originally Posted by sppunk

The failure of the stimilus directly correlates to the ineptness of the Keynesnian theory.

oh please. tell that to the hundreds of construction workers that I saw working on roads in Michigan where the unemployment rate is above 20%... people like you say 'oh the unemployment rate is high = stimulus is not working' well imagine if those projects weren't being done.. same with the auto bailout.. unemployment would be 50% or more if they went out and crushed the supplier chain here.

those roads needed to be fixed and people need those jobs it only makes sense to fufill that need now with government money.

At one point every highway in a 100 mile radius was being worked on outside detroit.

stimulus money extended unemployment benefits and cobra.. every economists I've ever talked to/read about acknowledges that this money goes directly back into the economy and keeps those people afloat in hard times. no brainer.

you are so far up your own ass of academic thinking you can't see shit that is in front of your own eyes.

anyway Nimrod still hasn't responded about him seeming to think that deficit spending is always required for Keynesian theory.. which is simply untrue.

[ATS]

is a spending freeze like a stimulus?

[Order 66]

How can you tell the stimulus is a failure when less than a third of it has been spent?

[28if]

the stimulus was obviously not a failure since our entire economy did not collapse. everything is getting back to normal now besides jobs which are always the last thing to improve after a recession. sppunk has been saying some really stupid shit lately.

[ryan patrick]

Originally Posted by sppunk

The failure of the stimilus directly correlates to the ineptness of the Keynesnian theory.

Don't you think there are enough trolls on this board already

[sppunk]

Buying school buses isn't saving the economy; people don't realize 2009 was the first time in seven years the savings rate was above zero. Unemployment has risen despite the promises made by Obama. Our debt ceiling has been practically tripled. China bouyed the economy until late 2009 by buying our treasury bonds which basically financed the stimilus.

Guess what - China isn't buying any more treasuary bonds so who will finance this? Us.

The stimilus is a failure because it hasn't created a striving economy but instead deferred massive tax hikes.

Having DC tell a town of 2,000 how to spend 23,652 isn't effective. The stimilus is 17 percent spent iirc - and that spending has ust redirected projects instead of created new ones. It is dragging too long and the process of distributing funds is too disjointed.

[duovamp]

I absolutely fucking love America's runaway military budget. That's the last thing I'd cut.

Moreover, if any Demmycrat tried to cut it, it would be proof that THEY'RE WEAK ON TERR'ISTS!



But seriously I do love the US military's budget. Figures it's the first thing other countries want us to cut back on....

[The Omega Concern]

The stimulus is a de-facto theft. ok people? The banks created their debt, they go broke, the public then bails them out with this stimulus nonsense.


So they privatize their earnings while publicly subsidizing their debt. This means they have no risk in the game and as such the banks then go out and instead of lending the stimulus money like they're supposed to, they put it back into the market on these crazy derivatives, knowing if it goes upside-down the Fed's will just print more money to cover their losses.


This is why we're doomed. Doomed because the game is so fixed that they'll stop at nothing to keep it going and that means even starting wars to hold on to the status quo. Why do you think they still keep parading Bin-Laden about like he's still alive?

[The Omega Concern]

Bernanke is responsible for the super-toxic alphabet soup of Federal Reserve lending facilities like the TAF, the TALF, and so forth. These betrayals of the public trust have offered 0% credit to predatory institutions including Wall Street banks, insurance companies, credit card companies, money market funds, and other financial institutions. Bernanke has thus used public resources to subsidize financial speculation in all of its most destructive forums, while doing almost nothing to provide cheap credit for production that would benefit factories, farms, mines, building construction, small business, exports, scientific research, energy production, and infrastructure building. Economic activity in all of these fields is now dying for lack of credit, which is being denied by the very institutions Bernanke is trying to save. Everything that Bernanke has done is diametrically opposed to the rational credit policy needed to fight an economic depression.

TARPLEY.net

[redbreegull]

Reading Netphoria has opened my eyes to the attractiveness of tyranny.