Who believes in less spending now? How about most of the states and cities.

[KingCondanomation]

I'm only pointing out the obvious here but just about every state and city government I have seen is making cutbacks, often large cutbacks in government spending, even in uber-Liberal areas like California, New York, Philly, etc...
They apparently agree with the hundreds of economists who have come out against the so called stimulus here

It is only some radical leftwing Liberal Democrats in Congress (and 3 moderate Repubs scared of getting reelected) that support the silly pile on of debt known as the stimulus or bailout or whatever they want to call it.

Are all those state and city government officials wrong? Of course not, reject the stimulus, enter the recession that has already started and get it over with faster, don't drag it out and possibly reenter recession again when the government support ends as it must someday.
Obama has said himself he sees the crisis as an oppurtunity and by that he means nationalizing healthcare insurance, bank takeovers (even though European banks are far more leveraged) and moving us further down the path of Socialism.

 

[Topspin]

your retarded right.
They are cutting back because tax revenues dried up.
Stop announcing yourself as a tool.

 

[KingCondanomation]

your retarded right.
They are cutting back because tax revenues dried up.
Stop announcing yourself as a tool.

Easy with the insults.
A lot of them could go even more into debt or raise taxes even more but instead most choose to cut some government.

 

[Bonestorm]

Easy with the insults.
A lot of them could go even more into debt or raise taxes even more but instead most choose to cut some government.

Actually, every state but Vermont has a balanced budget requirement. I suppose they could raise taxes, but that is usually a non-starter so budget cuts end up being the solution.

As opposed to being evidence to support cutting spending at the federal level, this is actually evidence to support more government spending at the federal level during a recession to supplant the cut backs that the states implement.

 

[Topspin]

raise taxes in a recession what freaking kind of republican are you?

 

[KingCondanomation]

raise taxes in a recession what freaking kind of republican are you?

Um that's what Obama is doing, I'm just saying the Dems running things at city and state level could do the same.

 

[uscitizen]

Dano, this is a pathetic thread.

 

[KingCondanomation]

Actually, every state but Vermont has a balanced budget requirement. I suppose they could raise taxes, but that is usually a non-starter so budget cuts end up being the solution.

As opposed to being evidence to support cutting spending at the federal level, this is actually evidence to support more government spending at the federal level during a recession to supplant the cut backs that the states implement.

Do the cities all have balanced budget requirements?
Face it, they are cutting spending because that is what you do hard times as the fed should be doing as well. Take your hard recession and get it over with.

Let's not forget that if more spending was the answer, spending increased MASSIVELY with Bush and we are in this mess. The market has not responded well to Obama's spending and I know that you guys love to point out that the stimulus money is not out there yet, but it is NEWS that the market reacts to strongest, like recently with Citi declaring a profit.

 

[Bonestorm]

Do the cities all have balanced budget requirements?
Face it, they are cutting spending because that is what you do hard times as the fed should be doing as well. Take your hard recession and get it over with.

Let's not forget that if more spending was the answer, spending increased MASSIVELY with Bush and we are in this mess. The market has not responded well to Obama's spending and I know that you guys love to point out that the stimulus money is not out there yet, but it is NEWS that the market reacts to strongest, like recently with Citi declaring a profit.

1) Yes, most cities and municipalities have balanced budget requirements.

2) The market was merely responding to Obama's education plan. That's the NEWS that resulted in the big swing yesterday.

 

[uscitizen]

Yeah Citi declaring a profit. How much bailout money did they get?

 

[Topspin]

Banks are going to boom big time.
I'm not saying it's fair because it stinks to high heaven.
they are fixing to announce the plan for private equity to come to the rescue with Uncle sam's guarantee.
They are getting money from the fed for 1% and lending it at 7 to 14%

 

[KingCondanomation]

1) Yes, most cities and municipalities have balanced budget requirements.

I'd like to see proof of that, in any case those who do not are still cutting spending.

2) The market was merely responding to Obama's education plan. That's the NEWS that resulted in the big swing yesterday.

Hilarious! OMFG that is the worst bullshit you've come out with in a long time, it was all over the news everywhere that the market went up because of Citi turning a profit:

"Financial stocks were again leading the market. Bank of America Corp. was up more than 12 percent, and Citigroup Inc., whose profit news gave the market its best day of 2009 on Tuesday, was up more than 14 percent."
http://news.yahoo.com/s/ap/wall_street

ROFL at education plan! Like the market cares if Obama tries to add more Socialism with his plan to force us all to pay for "free" college education. That is a terrible terrible policy where with government paying, people will have less incentive than ever to pick subjects that lead to a career. Plus more debt, plus forcing poorer people who never will go to college to pay taxes for richer graduates.

 

[Bonestorm]

I'd like to see proof of that, in any case those who do not are still cutting spending.


Hilarious! OMFG that is the worst bullshit you've come out with in a long time, it was all over the news everywhere that the market went up because of Citi turning a profit:

"Financial stocks were again leading the market. Bank of America Corp. was up more than 12 percent, and Citigroup Inc., whose profit news gave the market its best day of 2009 on Tuesday, was up more than 14 percent."
http://news.yahoo.com/s/ap/wall_street

ROFL at education plan! Like the market cares if Obama tries to add more Socialism with his plan to force us all to pay for "free" college education. That is a terrible terrible policy where with government paying, people will have less incentive than ever to pick subjects that lead to a career. Plus more debt, plus forcing poorer people who never will go to college to pay taxes for richer graduates.

1) It's true. I'm not going to look it up for you. Perhaps you can name which cities that are not required to have balanced budgets but are cutting spending anyway.

2) I guess you didn't get it.

 

[KingCondanomation]

1) It's true. I'm not going to look it up for you. Perhaps you can name which cities that are not required to have balanced budgets but are cutting spending anyway.

LOL, you look up everything else you need to prove and show results, which makes me suspcious why you didn't here.

2) I guess you didn't get it.

No, that was the serious response I have to give in case others didn't.


Anyway the bottom line is Keynesian theory has been dead for decades, it's only getting resurected because of panic. Even if it were able to work, which it already is not, there is no way I can see Democrats cutting or allowing the kind of cutting that would be needed to balance books in good times.

 

[Bonestorm]

LOL, you look up everything else you need to prove and show results, which makes me suspcious why you didn't here.


No, that was the serious response I have to give in case others didn't.


Anyway the bottom line is Keynesian theory has been dead for decades, it's only getting resurected because of panic. Even if it were able to work, which it already is not, there is no way I can see Democrats cutting or allowing the kind of cutting that would be needed to balance books in good times.

It involves checking 50 state laws and potentially digging into municipality laws. I have no inclination to do that. If you think there are cities that are not required to have balanced budgets that are cutting spending anyway please name them.

 

[FUCK THE POLICE]

I'm only pointing out the obvious here but just about every state and city government I have seen is making cutbacks, often large cutbacks in government spending, even in uber-Liberal areas like California, New York, Philly, etc...
They apparently agree with the hundreds of economists who have come out against the so called stimulus here

It is only some radical leftwing Liberal Democrats in Congress (and 3 moderate Repubs scared of getting reelected) that support the silly pile on of debt known as the stimulus or bailout or whatever they want to call it.

Are all those state and city government officials wrong? Of course not, reject the stimulus, enter the recession that has already started and get it over with faster, don't drag it out and possibly reenter recession again when the government support ends as it must someday.
Obama has said himself he sees the crisis as an oppurtunity and by that he means nationalizing healthcare insurance, bank takeovers (even though European banks are far more leveraged) and moving us further down the path of Socialism.

They can't deficit spend. They have no choice but to cut taxes or raise spending, and raising taxes by such a large amount would be unpopular, so at most they choose to balance the two.

And Rahm Ehmanuel, not Obama, said the crisis was a "political oppurtunity". Which, of course, it is. Any political strategist with half a brain would agree, it's just stupid for the chief of staff of any politician to say it out loud.

 

[KingCondanomation]

They can't deficit spend. They have no choice but to cut taxes or raise spending, and raising taxes by such a large amount would be unpopular, so at most they choose to balance the two.

And Rahm Ehmanuel, not Obama, said the crisis was a "political oppurtunity". Which, of course, it is. Any political strategist with half a brain would agree, it's just stupid for the chief of staff of any politician to say it out loud.

Sorry, as usual you are wrong and caught making up Waterfacts. Obama DID say oppurtunity:
"We've experienced great trials before," Obama said. "And with every test, each generation has found the capacity to not only endure, but to prosper - to discover great opportunity in the midst of great crisis. That is what we can and must do today. And I am absolutely confident that is what we will do.""
http://apnews.myway.com/article/20090307/D96PG78G1.html

And you are also wrong in thinking that all cities are required to balance their budget.

 

[FUCK THE POLICE]

Sorry, as usual you are wrong and caught making up Waterfacts. Obama DID say oppurtunity:
"We've experienced great trials before," Obama said. "And with every test, each generation has found the capacity to not only endure, but to prosper - to discover great opportunity in the midst of great crisis. That is what we can and must do today. And I am absolutely confident that is what we will do.""
http://apnews.myway.com/article/20090307/D96PG78G1.html

And you are also wrong in thinking that all cities are required to balance their budget.

Well that's entirely different.

That's just one of the meaningless platitudes that he spouts out daily. Trying to find anything in them is like palm-reading.

 

[KingCondanomation]

Well that's entirely different.

That's just one of the meaningless platitudes that he spouts out daily. Trying to find anything in them is like palm-reading.

BS, you are caught in a bald faced lie, be a man and admit it.

What do you think he means by "oppurtunity"? It's an oppurtunity to pass more Socialism like universal healthcare.
If you disagree have a stab at what he meant by that.
By I think you know damn well what it means because as you said before:
"Which, of course, it is. Any political strategist with half a brain would agree, it's just stupid for the chief of staff of any politician to say it out loud. "