Well, I do know that this stunt by the TEA party has cost the economy about 24 billion dollars. Way to go!
Well, I do know that this stunt by the TEA party has cost the economy about 24 billion dollars. Way to go!Again, just making stuff up, no doubt according to the way things look to you on the surface. Where does the government money come from? The government can tax it, or borrow it (printing it's the same as borrowing). Of course, if it borrows the money then somebody has to repay it later (assuming no default), most likely with interest. So, you say the economy loses out on $24 billion. Did you calculate the fate of the money of not borrowed or not taxed from the private sector? Were you careful to plug a spending figure into some dubious Keynesian formula that would compute for you the short-term economic stimulus effect (and naturally ignore long-term effect because, like, who cares about long-term effects anyway?)? This is a bit like arguing with traffic--one bumper-sticker slogan after another.
Well, I do know that this stunt by the TEA party has cost the economy about 24 billion dollars. Way to go!Again, just making stuff up, no doubt according to the way things look to you on the surface. Where does the government money come from? The government can tax it, or borrow it (printing it's the same as borrowing). Of course, if it borrows the money then somebody has to repay it later (assuming no default), most likely with interest. So, you say the economy loses out on $24 billion. Did you calculate the fate of the money of not borrowed or not taxed from the private sector? Were you careful to plug a spending figure into some dubious Keynesian formula that would compute for you the short-term economic stimulus effect (and naturally ignore long-term effect because, like, who cares about long-term effects anyway?)? This is a bit like arguing with traffic--one bumper-sticker slogan after another. Read closer, I said it cost the nation's economy about 24 billion0 (as per S&P). The cost to government about 2 billion (in revenue). Smart governance or madness for something that could have been accomplished easily without that cost to the nation?
Well, I do know that this stunt by the TEA party has cost the economy about 24 billion dollars. Way to go!Again, just making stuff up, no doubt according to the way things look to you on the surface. Where does the government money come from? The government can tax it, or borrow it (printing it's the same as borrowing). Of course, if it borrows the money then somebody has to repay it later (assuming no default), most likely with interest. So, you say the economy loses out on $24 billion. Did you calculate the fate of the money of not borrowed or not taxed from the private sector? Were you careful to plug a spending figure into some dubious Keynesian formula that would compute for you the short-term economic stimulus effect (and naturally ignore long-term effect because, like, who cares about long-term effects anyway?)? This is a bit like arguing with traffic--one bumper-sticker slogan after another. Read closer, LMAO Really. Read closer, he says.
I said it cost the nation's economy about 24 billion0 (as per S&P).You said $24 billion (same thing I said) and you said not a peep about S&P. Standard & Poor will do the typical Keynesian modeling.
The cost to government about 2 billion (in revenue).And a closer read would have made that clear, you think? You're unbelievable.
Smart governance or madness for something that could have been accomplished easily without that cost to the nation?...and another false dilemma. The Democratic leadership has not given us smart governance. You can reach that conclusion by ignoring evidence and favoring your own ideology. Again, you're not giving an argument. You're just ticking off talking points.
OK, but I’m right. 
OK, but I'm right. ;-)It's quite a talent to be wrong in so many particulars yet correct in your broader argument.
OK, but I'm right. ;-)It's quite a talent to be wrong in so many particulars yet correct in your broader argument. Because the broader argument depends on its broader content, not any particular date of who said what. Reaganomics (by any other name) does not work.
And here is a little tidbit about the champion of smaller government and lower taxes and arch enemy of ACA., Ted Cruz.
Ted Cruz Failed To Disclose Ties To Caribbean Holding Company An old college friendship led to financial entanglement with a Jamaican private equity firm and a British Virgin Islands holding company. Neither was disclosed during his 2012 campaign. Read more: http://swampland.time.com/2013/10/18/ted-cruz-failed-to-disclose-ties-to-jamaican-holding-company/#ixzz2i7eI6rmd The legally required disclosures arise from an apparently dormant business relationship, according to documents reviewed by TIME. When his wife, Heidi Nelson Cruz, served in George W. Bush’s Treasury Department in 2003, Ted Cruz went to considerable lengths to disclose his positions to the government, and to divest himself of his Caribbean holdings. But there was one exception. Cruz says he does not know the current state of the private equity firm. Cruz says he has not had any relationship with the private equity firm in a decade, is no longer a director or a shareholder, and never received any remuneration other than the $25,000 and the promissory note. Cruz says he severed his ties with the company when his wife went to work at the Treasury Department during the administration of George W. Bush. “I sold my interest in it years ago," he says. He provided TIME with a letter from an official at the Office of Government Ethics certifying his divestiture from three blocks of shares in two separate firms. The letter allowed Cruz to defer taxes on the capital gains from his initial $6,000 investment when he rolled the cash profits into another investment, Cruz says. Eventually, he says, he paid capital gains on the profits, using a $6,000 basis for the calculation. Cruz says he failed to include the promissory note among his assets on his first financial disclosure in July 2012 when he was a candidate for the U.S. Senate because he had forgotten about it. “In 2011, there was an inadvertent omission of this promissory note, and after a conversation with my college roommate I remembered it," Cruz says. Cruz’s initial filing was made in the heat of his campaign. He was fined $200 for filing the document late. Cruz did so in his Oct. 1 amendment, but that filing also contained errors, misnaming the holding company, incorrectly saying it was domiciled in Jamaica, and giving the wrong date for the promissory note. In the filing, Cruz, a former lawyer and magna cum laude graduate of Harvard Law School, lists a wide variety of assets held jointly with his wife, including mutual funds and blue chip stocks totaling between $1.5 million and $4 million. Heidi Nelson Cruz is now an executive at Goldman Sachs[/b].(highlights by me) http://swampland.time.com/2013/10/18/ted-cruz-failed-to-disclose-ties-to-jamaican-holding-company/?hpt=hp_t2 I wonder how this "particular" was so conveniently forgotten. Now compare that to this example of "trickle down economy", https://www.upworthy.com/the-dirty-little-secret-that-fast-food-companies-dont-want-you-to-know?c=upw1 I wonder where these workers obtain health insurance?
Well, I do know that this stunt by the TEA party has cost the economy about 24 billion dollars. Way to go!They don't care what anything costs as long as it isn't called a tax. Lois
Unfortunately, it was just the opposite. Taxes are levied to provide services for the citizens. This 24 billion drained funds so it means that a great many services that could have been provided will not.
Occam
If we had a Thumbs Up button, your above post (#139) would definitely deserve one.
That's the Tea Party Movement in a nutshell! Confused idiots who never understood they were being swindled, and now 30 years later they are mad about it, but don't know what happened!
This may be of interest
[size=0]Image: http://i.huffpost.com/gen/1478324/original.jpg
If we had a Thumbs Up button, your above post (#139) would definitely deserve one.Thanks CC! It's true. Peace!!![]()
That's the Tea Party Movement in a nutshell! Confused idiots who never understood they were being swindled, and now 30 years later they are mad about it, but don't know what happened!
Virus on web page referred to.
Income distribution in the US Check it out.Edit: look for a youtube link in my posting below. I can't. And be careful... The website was blocked by the firewall at my work:
Access to the web page you were trying to visit has been blocked in accordance with company policy. Please contact your system administrator if you believe this is in error. Category: malware-sitesBold by me.
http://www.utrend.tv/v/9-out-of-10-americans-are-completely-wrong-about-this-mind-blowing-fact/ Income distribution in the US Check it out.I can't. And be careful... The website was blocked by the firewall at my work:
Access to the web page you were trying to visit has been blocked in accordance with company policy. Please contact your system administrator if you believe this is in error. Category: malware-sitesBold by me. Thanks Gdb; didn't recognize where the virsus that it took me two hours to get rid of came from. I have reported it to Kapersky.
For those interested: Gary’s video is on Youtube, so you can safely (I assume…) look there].
And now I remove my infected link too…