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452 Comments
- blitz718, on 02/08/2009, -45/+383He didn't seem to have much of a problem of the "generational theft" that Bush was taking part in during his 8 years.
- TheEngineer2008, on 02/08/2009, -31/+213As a libertarian (small "L") conservative, I'm glad Obama beat McCain (though I wish Paul won the GOP nomination or that Barr won the general). You see, Republicans are clearly best is a minority party. In the minority, they fight big government waste and other fiscal issues. They appear to have principles. When in the minority, America has one major party pushing for bigger government and one somewhat opposing it.
Unfortunately, when in power, the GOP proves the axiom "absolute power corrupts absolutely." They spend, spend, and spend some more. Then, as most of their so-called "limited government" base merely wants to limit the power of government when they don't run it (the Religious Right is a great example) they institute a bunch of big government restrictions on our liberties (online poker, medical marijuana -- even that legal in that state, etc.). They fail in many other ways as well.
When the GOP is in power, America has two parties pushing for bigger government, with the discussion limited to who gets what. What real small government conservative would want that? - IrishJoe, on 02/08/2009, -29/+143Gee, Mr. “I have so many homes I can't tell you how many there are” stopped his campaign and flew to Washington to actually vote (something he has rarely done for the last couple of years) to pass a bailout /handout of more than $700 Billion in Taxpayer Dollars to Wall Street banksters, but a bill to fix our crumbling infrastructure and create hundreds of thousands of US jobs is generational theft. When George W. Bush took office (and McCain bragged to Tim Russert that he voted for Bush twice and did everything he could to get him elected) there was a $236 billion budget surplus with a projected $5.6 trillion surplus for the ten years following. Bush turned the biggest surplus in US history into year after year of record deficits adding trillions of dollars to the national debt and destroying the economy. And McCain now complains about generational theft. Give me a huge break you lying old hypocrite.
- Striker101, on 02/08/2009, -14/+81McCain voted with Obama FOR the first of these multiple immoral bailouts. And wonders why he lost, when he had a squeaky change by merely showing some rationality that first time.
So NOW he is suddenly opposed to generational theft?
Don't misunderstand me, I did NOT say anything pro-Obama here.
Welcome to the latest-greatest Dark Age. - fluxion, on 02/09/2009, -12/+66its okay to bury your prosperity in debt, so long as its for military campaigns and huge corporate tax breaks.
doing so for the purpose of investing money in the economy and alternative energy however, now that's just wrong.
watching these politicians go back and forth about this stuff gives me a headache - dizavin, on 02/09/2009, -20/+73no, Generational Theft is my goddamn grandfather laying his ass on the line to fight the Nazis, only to have people like McCain and Cheney take away my ***** freedoms in the name of "national security."
get ***** bent. - amy31415, on 02/08/2009, -5/+56Well said TE.
I find McCain rather hypocritical, considering he was pimping the bailout not so long ago when he was begging for votes. Glad that he and that religious wingnut are not in office, but I'm still very skeptical about Obama. - twiztidsinz, on 02/09/2009, -8/+59No. He's saying that McCain is a hypocrite.
- JasonCox, on 02/09/2009, -11/+58So John, are the fundamentals of our economy still strong?
- notoveryet, on 02/09/2009, -26/+63What is generational theft is the $10 trillion and counting deficit Bush and the Republicans with their open checkbook policy and illegal war fought on a credit card have given us. It will take generations to pay it if we can do it at all. The stimulus (read: spending) plan is an attempt to restart the economic engine that is now choked almost to death with all this unpayable debt. McCain never saw his part in causing this debacle and was so clueless as to choose former Sen. Phil Gramm , I had Glass-Steagall repealed single-handedly, as his financial advisor. The Republicans have a blind spot about the cause of this fiasco. No reputable economist agrees with the tax-cut-as-stimulus plan. If the Democrats and Obama don't hold firm in their resolve to keep in the spending plans and forget the tax cuts which don't give even a dollar for a dollar return for our economy, we will be living in a third world country with a thrid world economy relying on other countries to lend us money to pay our bills. Wait... isn't that what we are doing now?
- kingofinternet, on 02/08/2009, -23/+59somebody took his viagra today
- ericdano, on 02/09/2009, -7/+40Man, the more I read about this bill the more I think it is a mistake. They really ought to pour more money into infrastructure. Hell, China is spending more money just on Telecom than we are in total for infrastructure..........
- sheeplescareme, on 02/08/2009, -61/+93all of the so-called stimulus packages are nothing more than theft, from people alive today and those not yet born. anyone who does not understand that needs to take econ 101. the dimmycrats are pushing for it because most of their constituents are too simpleminded to understand that and the neo-cons are opposing it because they know their base will foolishly believe that they are returning to their republican roots. there are very few men and women of honour in the government who have always been opposed to them.
- earthwormzim, on 02/09/2009, -8/+37Now that the Red team is out of office, they're all-of-the-sudden finding their small-government, fiscally "responsible" roots. Let'em back in, though...and guaranteed...out the door those roots will go again.
- TheEngineer2008, on 02/09/2009, -3/+31If you think the GOP stands for libertarian conservative values, you should check their platform and what they did over the past eight years. You should check to see how they treated Ron Paul, too.
- Titan615, on 02/09/2009, -8/+35I love how he had to suspend his campaign for the first round of bailouts, which basically paid for the banking industries christmas bonuses this year. And now he's b*****ing about a plan to develop US infrastructure and that will essentially will build new jobs? What a fracking cynic!
- drowningfish, on 02/09/2009, -17/+44700 billion to BANKS = Thumbs-up; way-to-go!; woot!; Let's get this going!; This is so awesome I want to touch myself and Wall-Street at the same time!
800-900 billion for the COUNTRY = Thumbs-down; Oh..my..god; Generational Theft!; This bill stinks!
Hmm.o_0 - TheThirdLevel, on 02/09/2009, -5/+28My friends...<creeper smile> The fundamentals of our economy are strong.
- inactive, on 02/09/2009, -8/+30Just imagine the hate if Bush was trying to get this through. *It's fascism!*
- ryan83189, on 02/09/2009, -5/+25It still doesn't make either of those right.
- norman619, on 02/09/2009, -3/+19You are aware of the fact that generational theft has been business as usual for our elected officials for many decades right? Bush and Clinton were hardly orginators of the game. The problem is Digg seems to be full of kids who fail to undertsand there was life before they were born and others have very short memories. And yet others are just intellectually dishonest.
- pintocat, on 02/09/2009, -10/+26Social Security is generational theft. Bernie Madoff would be proud of the Social Security scheme we have.
- DigeratiPrime, on 02/08/2009, -15/+31How do you know it will be worse without stimulus packages? IMO things will be worse off with them. We are borrowing money, so we can spend it on products/services from inefficient businesses, to generate some economic activity, so we can slow down unemployment claims. This money will have to be paid back with interest, do you think this ponzi scheme will pull it off? It is also morally wrong to put debt on future generations so we can party a little longer.
- TheEngineer2008, on 02/09/2009, -6/+22I didn't say I'm glad he won. I voted for Bob Barr.
I said we'll have smaller government with Obama and a real GOP opposition than we had with big spending Bush, his big spending GOP-led Congress, and a big spending Democratic opposition. Not small enough by any means, but smaller than McCain was going to give us. - worseforwine, on 02/09/2009, -3/+16Don McLean? The American Pie singer/songwriter? Why is he a hypocrite?
- TheEngineer2008, on 02/09/2009, -0/+12The problems we have now have been caused by reckless government spending. The national debt is over $10T. If this isn't enough stimulus, I don't know what is, but I'm not personally ready to buy this argument that we need more of what caused the problem to cure the problem.
- Midtowner, on 02/09/2009, -0/+12500 million...
I see what you did there. - m3arvk, on 02/09/2009, -5/+17The national debt was doubled under the Bush regime. I'd say our generation has more right to complain about it than any other.
- Barackalypse, on 02/09/2009, -2/+14The OP is referring to the $700 billion financial bailout in Q4 of 2008 which then Senator Obama and McCain both foolishly supported.
- rizzo2008, on 02/09/2009, -0/+11guess who's financing the new Chinese empire!! You and your children!!! More American debt = more interest and bonds in Chinese hands!!
- twiztidsinz, on 02/09/2009, -2/+13You can add it to the Firefox dictionary.
Type "Obama", Right Click -> Add to dictionary - Butters757, on 02/09/2009, -4/+15Must have been his manager.
- kev0476, on 02/09/2009, -6/+16Sad that some of the best infrastructure keeps getting kicked out to appease republicans and create a "centrist bill".
- mikelieman, on 02/09/2009, -4/+14Isn't that true anytime the Government spend more than they collect in revenue and tariffs? Debt is debt. Personally, I don't like debt, but the Loyal Bushies REALLY ***** ***** up when they had the wheel, and it's gonna take something to keep ***** going.
There's this to consider. If the government REALLY wanted to help, they'd stop collecting Personal Income Tax until they got this ***** under control. That payroll federal tax withholding could make a real difference to the people who really need it. - Crossmenjeff, on 02/09/2009, -3/+13i pay social security to help the current elderly out, a service that will most likely not exist when i need it. so its not exactly a new idea to spend today and pass the problem to those who can't do anything about it.
- worseforwine, on 02/09/2009, -0/+10Who will gen Z steal from? Gen #??
- garryw, on 02/09/2009, -0/+10But presidents don't author legislation, senators do
- publiclurker, on 02/09/2009, -8/+18No, we are in this mess because simple minded idiots like you listened to corrupt men like him for the last eight years.
- Dewhead, on 02/09/2009, -9/+19McCain has always been against big government spending that why it was a real bummer that he supported the first bail out.
- gmacnay, on 02/09/2009, -15/+24Seems graduating in the bottom of his class has provided him with great Economic enlightenment.
- GhostInAShell, on 02/09/2009, -3/+12That doesn't validate this in any way.
He came into the white house for change, but all we see is bipartisanship, lobbyists, and more pork.
I, a Right-leaning libertarian who voted for Obama, am HORRIBLY disappointed after starting to feel a little HOPEFUL.
Disgusting. - homah, on 02/09/2009, -4/+13You just voted for TARP *****. Is your memory that short?
- mfc5200, on 02/09/2009, -3/+12I don't like McCain more than anyone else, but there is definitely something WRONG with deficit spending.
If you finance government activity with 30+ year treasury bonds, then someone who is just born today will have to the bills, while many of those who benefit will most likely be dead when the bills come home. It is the definition of taxation without representation. "Generational theft" is an appropriate term. - PacoLugi, on 02/09/2009, -8/+17The baby boomers stole from gen X in social security.
Now gen X is stealing from Y with bailouts and stimulus. - kingatrock, on 02/09/2009, -4/+12and where is the money for the trillion dollar war debt is coming from where?
- gfryesc, on 02/09/2009, -8/+16McCain did make pork spending a theme of his campaign and america scoffed at that so now they've got spendulus 1,000,000,000,000.00 Good job guys.
- scoottie, on 02/09/2009, -31/+39he's right
- PeppermintPig, on 02/09/2009, -1/+9This pissing contest proves nothing!! The point is to try to appreciate the unfathomable spending habits that continue to grow in relation to the size of government and the willingness of those who claim to represent it to disregard the laws they swore to uphold.
It's all bad news, guys. - randyzaia, on 02/09/2009, -4/+12He is, you know, a Senator.
- Mothrog, on 02/09/2009, -0/+7@Jennifer
You might want to pull your blinders off long enough to take a look at a source without a completely liberal bias.
http://www.cbsnews.com/stories/2009/01/28/politics ...
"
Some of Becker's colleagues are more emphatic. John Cochrane, a finance professor at the University of Chicago's business school, published a detailed paper this week on the topic. He sketches an argument for lower taxes right now - instead of higher spending - while simultaneously whittling down the budget deficit.
Another option, he says, would be for the Federal Reserve and U.S. Treasury to print more money and issue more bonds. Cochrane writes: "Some economists tell me, 'Yes, all our models, data, and analysis for the last 40 years say fiscal stimulus doesn’t work, but don’t you really believe it anyway?' This is an astonishing attitude. How can a scientist 'believe' something different than what he or she spends a career writing and teaching? At a minimum policy-makers shouldn’t put much weight on such 'beliefs,' since they explicitly don’t represent expert scientific inquiry." -
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