Stimulus??
The Other Guy
Spam King
The Cincinnati Streetcar Project makes me laugh. There was a subway built in Cincinnati that would have opened approximately 5 weeks after the US entered WWI. So it never did. And now they're trying to go public transit... However I do like how these projects look. These are all jobs that Americans will perform!
WNxRogue
Active member
I am hopeful for the stimulus package, but not to get us out of our current economic slump.
I have personally came to the conclusion a while ago that the US was going to have to upgrade its infrastructure if it wanted to keep competing with the rest of the world in the future. Hopefully this project causes that infrastructure to be built.
I have personally came to the conclusion a while ago that the US was going to have to upgrade its infrastructure if it wanted to keep competing with the rest of the world in the future. Hopefully this project causes that infrastructure to be built.
mmarsh
Active member
We have to do something, that is clear. Maybe the stimulous won't work, but at least its something.
I have listened to the GOP in Congress they want a laisser-faire attitude, with steep taxcuts (for the wealthly..who else?), and most alarmingly they seem to be considering a strong "protectionist" response to the crisis.
Exactly the recepie that spelled disaster in 1929.
I have listened to the GOP in Congress they want a laisser-faire attitude, with steep taxcuts (for the wealthly..who else?), and most alarmingly they seem to be considering a strong "protectionist" response to the crisis.
Exactly the recepie that spelled disaster in 1929.
Donkey
Active member
This is not a stimulus it is a spending bill that is 1,072 pages long released less then 24 hours before they are supposed to vote on it....
That's like hey here is a mortgage agreement just sign it dont read it, here is a car loan just sign....only thing is this is a country we are talking about....
Oh and roughly 1 tree = 16 reams of paper. 500 pages per ream. do the math...tree killers!!!!
That's like hey here is a mortgage agreement just sign it dont read it, here is a car loan just sign....only thing is this is a country we are talking about....
Oh and roughly 1 tree = 16 reams of paper. 500 pages per ream. do the math...tree killers!!!!
mmarsh
Active member
That is by definition what a stimulus plan is: a Spending bill. You cannot boost the economy without pumping money into it.
As for the pork, I went through the list of pork projects, frankly most of what is being described as "Pork" are pretty good programs. There are no "bridges to Nowhere" "Wolf highways" or "grants to study seafood". Whether some projects are absolutely necessary at this moment is debatable, but on the whole they aren't that bad. I'd have said go for it if the economy wasn't in the toilet.
I have never been against the Government spending our money, only on what it is being spent on.
As for the pork, I went through the list of pork projects, frankly most of what is being described as "Pork" are pretty good programs. There are no "bridges to Nowhere" "Wolf highways" or "grants to study seafood". Whether some projects are absolutely necessary at this moment is debatable, but on the whole they aren't that bad. I'd have said go for it if the economy wasn't in the toilet.
I have never been against the Government spending our money, only on what it is being spent on.
Duty Honor Country
Active member
the one problem with comparing now to the Great Depression is when the Great Depression hit, the federal government virtually had no debt. Today, we are up to our eyeballs in debt. Here is an image I very much like
Anyways what would happen if the stimulus was not enough and the banks and auto industry came back to the government asking for more like in the play "Oliver." There would be more borrowing to fund bailouts...
...at some point the USA's bond rating will go from AAA to AA, which means the cost of issuing bonds would go way up. Here is a piece that explains it better than me
http://www.latimes.com/business/la-fi-petruno7-2009feb07,0,4478238.column
I hate to be that guy but I called this economic mess well before anyone else did. There is a danger in continuing the borrow and spend policy that started when President Bush took over.
______________________________
food for thought, the interest on the national debt last year cost $451,154,049,950.63
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
Anyways what would happen if the stimulus was not enough and the banks and auto industry came back to the government asking for more like in the play "Oliver." There would be more borrowing to fund bailouts...
...at some point the USA's bond rating will go from AAA to AA, which means the cost of issuing bonds would go way up. Here is a piece that explains it better than me
http://www.latimes.com/business/la-fi-petruno7-2009feb07,0,4478238.column
I hate to be that guy but I called this economic mess well before anyone else did. There is a danger in continuing the borrow and spend policy that started when President Bush took over.
______________________________
food for thought, the interest on the national debt last year cost $451,154,049,950.63
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
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Donkey
Active member
See the thing about the national debt is its kind of misleading. You see most of the national debt is actually owned by the US government itself, everyone is allowed to purchase bonds and treasury notes you know.
I am looking for a resources (I apparently lost) that has many great insites into the complexity of the national debt. Things like adjusting the debt for the surplus from the amount going into programs like SS and medicade/medicare, while one must keep in mind this changes with time and we are about to see a lack of surplus. But basically the national debt is about 1/2 the number currently spouted by XYZ media. More on that to follow...
Now for some other interesting infromation
A site showing a nice pie chart that breaks out who really owns USA debt
http://www.brillig.com/debt_clock/faq.html Not that most is the government itsself (again I am sorry for the lack of refrenece in explaining this and will add them once I find them again)
Something interest about the presidents that and the debt under the terms over the years http://www.cedarcomm.com/~stevelm1/usdebt.htm (if you dont read it all at least look at the graphs)
And finally something I thought was rather interesting. Canada a country that is more about peace than anyone I know has a higher percentage of debt to GDP than the US https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html
Following that some might be like wo Japan...Whiskey Tango Foxtrot OVER
I am looking for a resources (I apparently lost) that has many great insites into the complexity of the national debt. Things like adjusting the debt for the surplus from the amount going into programs like SS and medicade/medicare, while one must keep in mind this changes with time and we are about to see a lack of surplus. But basically the national debt is about 1/2 the number currently spouted by XYZ media. More on that to follow...
Now for some other interesting infromation
A site showing a nice pie chart that breaks out who really owns USA debt
http://www.brillig.com/debt_clock/faq.html Not that most is the government itsself (again I am sorry for the lack of refrenece in explaining this and will add them once I find them again)
Something interest about the presidents that and the debt under the terms over the years http://www.cedarcomm.com/~stevelm1/usdebt.htm (if you dont read it all at least look at the graphs)
And finally something I thought was rather interesting. Canada a country that is more about peace than anyone I know has a higher percentage of debt to GDP than the US https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html
Following that some might be like wo Japan...Whiskey Tango Foxtrot OVER