love this

[RIJIMMY]

Originally Posted by zimmy

Apparently you have thought long and hard so this might be hard for you to understand; most economists say the last thing that should be done in a recession is cuts. The economy needs an influx of money and people need jobs. Your major cuts idea would intially lead to the loss of 100,000's of jobs at a time when the economy needs people to spend money. Taxes on the wealthy would not fix the problem, but returning to the tax policies considered reasonable under Reagan, Bush 1, and Clinton would do a huge amount toward rudicing the yearly deficit, which would increase consumer confidence. Long term deficit reduction requires cuts and a reduction in tax loopholes. There is no plan that gets us out of the deficit without tax increases. WHen I bring that up here, the response from many is that we have to cut first. I disagree. Go back to what I started with: many, many economists say that the last thing you should do during a recession is cut. The tea party types mix anger and frustration about taxes with the current economic situation. They are two different things. A recession does not end by cutting. Long term deficit reduction could be done with cuts and increases in taxes.

Z- good response, but here is the kicker. Politics aside, we know for a fact the O administration gave millions to these green energy cos that went defunct. That was millions of OUR money. Why would I want to give MORE? We could have saved millions by the govt doing nothing, right? I dont see one example of govt spending doing any good. I see plenty examples of my spending do others good. I do agree that taxes should be changed. I dont agree with the rate increase constantly being proposed. I think we should change the capital gains tax and close loopholes and remove the AMT. There are gives and takes in there that will benefit the economy as a whole.

[zimmy]

Originally Posted by RIJIMMY

Z- good response, but here is the kicker. Politics aside, we know for a fact the O administration gave millions to these green energy cos that went defunct. That was millions of OUR money. Why would I want to give MORE? We could have saved millions by the govt doing nothing, right? I dont see one example of govt spending doing any good. I see plenty examples of my spending do others good. I do agree that taxes should be changed. I dont agree with the rate increase constantly being proposed. I think we should change the capital gains tax and close loopholes and remove the AMT. There are gives and takes in there that will benefit the economy as a whole.

I don't think we are far apart either on this. The solar issues is ridiculous. Why the heck huge loans are given out that aren't backed by insurance is beyond me. The fdup thing is the writing was on the wall. On the other hand, how much money was lost in no-bid jobs to Haliburton over the previous administration. Both sides are bad at that crap.
The problem now is there is an overt policy that Republicans in congress will not do anything that helps Obama. That does no one any good.

[scottw]

Originally Posted by zimmy

I don't think we are far apart either on this. The solar issues is ridiculous. Why the heck huge loans are given out that aren't backed by insurance is beyond me. not too hard to figure out actually...

The fdup thing is the writing was on the wall. On the other hand, how much money was lost in no-bid jobs to Haliburton over the previous administration. Both sides are bad at that crap. FactCheck.org: Anti-Bush Ad Overstates Case Against Halliburton

The problem now is there is an overt policy that Republicans in congress will not do anything that helps Obama. That does no one any good.

why would Republicans help Obama?...the Democrats won't even help Obama....he wants to continue many disasterous policies that I'm sure you're "many, many" economists fully support

btw...House Passes Obama Jobs Bill Provision

October 27, 2011 12:57 P.M. By Andrew Stiles
The House overwhelmingly approved a measure to eliminate a much-maligned rule requiring government agencies to withhold 3 percent of payments to government contractors. This provision, which was included in President Obama’s $450 billion “jobs” bill, passed by a vote of 405 to 16.

Earlier this week, the White House announced its support of the House bill, as well as second measure to cover the cost of repealing the rule (about $11.2 billion over ten years) by tightening eligibility requirements for Medicare and other health benefit programs, which the House also passed today, 262 to 157. The idea was taken from the president’s most recent “deficit” package.

The House has now passed a total of 17 jobs bills that are still awaiting action in the Democrat-controlled Senate, and Republicans are hoping to ramp up pressure on Senate Majority Leader Harry Reid (D., Nev.) to act.

the "cuts" to which you refer in most cases amount to little more than reductons in the rates of growth of government programs and that is viciously attacked by the dems...

the ONLY time that we can talk about cutting government is during a downturn like this and there shouldn't be an additional penny in increased spending until massive reductions in the size and scope of government occur and future spending is reigned in and current unfunded programs and promises are on solid footing...