Sequester of Fools

SmarterthanYou said:
correct about what? I did not see him say anything about the craptastic economic practices by our government will ruin us financially, which would have been correct. instead, he's preaching about we should ignore the consequences of our actions and just do something. that is wrong.
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He is correct that austerity would be a bad idea at this time.
 
Rune said:
He is correct that austerity would be a bad idea at this time.
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so you think it's correct that we should apply a short term minimum effect policy that does nothing but prolong and deepen a widening fiscal abyss instead of dealing with the harsh pain we knew we were inflicting on our economy because of failed democrat and republican economics? In what universe, besides yours and krugmans, is that correct?
 
SmarterthanYou said:
so you think it's correct that we should apply a short term minimum effect policy that does nothing but prolong and deepen a widening fiscal abyss instead of dealing with the harsh pain we knew we were inflicting on our economy because of failed democrat and republican economics? In what universe, besides yours and krugmans, is that correct?
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Uh, no, I didn't say that (whatever the fuck you are talking about). Spending cuts alone are not the solution.
 
Well, the longer we can find a way to keep ourselves in this economic fiasco, the longer we can fend off the necessary evils of austerity. WIN!
 
uscitizen has caled the economy far better than Krugman or all the other "experts".

On sequester, I expect this congress to patch the patch and just put things off yet again.
 
SmarterthanYou said:
spending cuts, MASSIVE spending cuts are the only thing that will save the global economy, as well as our own.
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on what basis of fact do you gleen this insight from?


Removing money from the economy will cause a smaller economy.


How is it you people are this stupid?
 
evince said:
on what basis of fact do you gleen this insight from?


Removing money from the economy will cause a smaller economy.


How is it you people are this stupid?
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it's real simple economics, which is why it's too complicated for you. When a non producer/taker spends massive amounts of money, THAT is taking money away from the economy. When a producer spends money, that money is going back in to the economy. see how simple that is?
 
SmarterthanYou said:
it's real simple economics, which is why it's too complicated for you. When a non producer/taker spends massive amounts of money, THAT is taking money away from the economy. When a producer spends money, that money is going back in to the economy. see how simple that is?
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So corporations hoarding 2 plus trillion is helping the economy, but people who spend every penny they get right away hurts the economy?
 
12 Ways the Sequester Will Screw the Poor

http://www.motherjones.com/mojo/2013/02/budget-cuts-sequester-low-income-poor

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