Regardless of what the Annointed One tells us. It's not possible and anyone with a grain of sense, logically knows this to be true. The latest 50 billion dollar 'jobs' plan will have the same effect as the previous two. Nothing. The One tells use it will not raise the debt one dime (haven't we heard that before?) but to implement this 'jobs' plan he will eliminate certain tax incentives for businesses. (For those of you still in the 2nd grade, if you eliminate a monetary incentive for doing something, then either less of that something is made or the cost to make that something goes up). Roughly, the definition of insanity is repeating the same action over and over expecting the outcome to be different. Sound familiar? In the words of General Grosvenor, 'Figures won't lie, but liars will figure.'
We cannot borrow our way out of debt? surely governments have been doing that for some years now- when was the last group of politicians to leave the house saying we have left all the books balanced.?
The government rights off debt regularly
now consumers can have their debt written off- where do we go from here?
by Tony Lawrence6 years ago
Oh, cut, cut, cut - you know you love it.I just happened to come across an object lesson from the 70's:This is from http://www.northropgrumman.com/analysis … -Trans.pdf For example, in 1979 the program...
by Jed Fisher6 years ago
With 12-month treasury bond rates at 0% -- that's right, zero percent -- and the 30 year treasury bond rate at 4.3% it means it is a great time to borrow. It Does not mean the Government has to spend the money, just...
by Harvey Stelman7 years ago
Our Politicians think they can. Tell me if you or the government can; and how?
by Ralph Deeds4 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess...
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