reuters.com — BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S.deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. (Ya think?) Boy, it's a good thing our Chinese leaders are looking out for us and can explain these things..
Nov 18, 2009 View in Crawl 4
murrdpirateNov 19, 2009
archiesteelIt is apparent that fiscally conservative people are commenting on this article right now. But why not try to actually make a point? In my experience, people who resort to only name calling don't have a point, but they still want to stick to their beliefs anyway. Is this the case with you?
biotchNov 19, 2009
mwilhelmDid you notice our economy GREW for the first time in a year?Yeah but cats outa the bag right? And our rights? What the hell are you talking about?
Closed AccountNov 19, 2009
captininsanity - Actually Ron Paul has the best plans to solve healthcare, environmental, and other issues that involve government interaction with business... They just don't involve bailouts and subsidies and regulations, like everybody else wants to solve the problems.
captininsanityNov 19, 2009
@digitronix Is there something about his plans I'm missing? If you don't regulate business they will do whatever's in the interest of their bottom line. This results in externalities that in the end screw the citizens and the environment...
biotchNov 20, 2009
"Biotch, you believe those numbers?"Uhh yeah I believe the Bureau of Economic Analysis. <a class="user" href="http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&amp;FirstYear=2008&amp;LastYear=2009&amp;Freq=Qtr" rel="nofollow">http://www.bea.gov/national/nipaweb/TableView.asp? ...</a>Im fully aware that the stimulus is effecting these stats. It shows the stimulus is working for the time being. No one got up and announced that the government could just keep spurring production like this forever. The stimulus spending is temporary and everyone should know that. HOPEFULLY this will translate into recursive production that can carry us out of this mess. But to suggest there is some cat ... and its now out of the bag is quite a leap. I dont see how it translates into our rights being trampled on. The economy is now temporarily growing. Thats all the stimulus is there for. The people have the chance they need to get up and pull themselves out of this mess. All the government can provide is a window of time to do that before it becomes a double dip s**tstorm. If people get to work, we'll be fine. If they laze around and wait for more government bailouts, we wont.
linuxpersonNov 23, 2009
I would welcome any CBO report that shows a deficit reduction, but as history has shown time-and-time again CBO reports on long term deficit projections for social programs are always completely wrong.And, when you've come to the realization that taxation is stealing with a different name, you realize that any bill which includes raising taxes for anybody is morally wrong and will not solve any problems without creating a host of others in the process.