Paul Ryan: Faith in the budget plan

[Scott_Lafrance]

Originally Posted by ProVobis

Nor through the Federal Reserve either.

The Federal Reserve was designed to make rich people richer at the expense of the poor. It was created to keep powerful elite bankers rolling in money while tax slaves worked their fingers to the bone to keep bankers in their mansions.

[ProVobis]

Originally Posted by Scott_Lafrance

The Federal Reserve was designed to make rich people richer at the expense of the poor. It was created to keep powerful elite bankers rolling in money while tax slaves worked their fingers to the bone to keep bankers in their mansions.

Indeed. I should have included all the central banks as Bernanke has now expanded/extended his powers over other countries. Illegal and a major moral hazard if you ask me. The poor don't have a chance.

[Bubba Switzler]

Originally Posted by Jerry Miah

Austerity measures are failing around the globe. The slash-government and cut-taxes-on-the-rich model is not working.

UK has been doing it but it's back in recession http://www.reuters.com/article/2012/...83O0C320120425

A cliche argument deserves a stock response:

Growth or austerity? That's the choice facing Europe these days—or so the Keynesian consensus keeps saying. According to this view, which has dominated world economic councils since the 2008 crisis began, "growth" is mainly a function of government spending.

Spend more and you're for growth, even if a country raises taxes to pay for the spending. But dare to cut spending as the Germans suggest, and you're for austerity and thus opposed to growth.

This is a nonsense debate that misconstrues the real sources of economic prosperity and helps explain Europe's current mess. The real debate ought to be over which policies best produce growth.

http://online.wsj.com/article/SB1000...googlenews_wsj

[Scott_Lafrance]

Originally Posted by ProVobis

Indeed. I should have included all the central banks as Bernanke has now expanded/extended his powers over other countries. Illegal and a major moral hazard if you ask me. The poor don't have a chance.

And some people don't even know that the US Federal Government gave themselves the power, through the IRS, to audit and punish foreign banks. I wonder what is going to happen to our economy when the rest of the world get tired of our hegemony and replaces the US dollar with some neutral currency for international trade? China, India, and Russia are already working out deals with OPEC to purchase oil in their own national currencies or gold rather than using the dollar. As soon as this becomes more accepted, other countries are going to dump their billions of dollars of US Dollar reserves, US Treasuries, and US Bearer Bonds. What happens to our economy when the market is overflooded with US Dollars?

[Bubba Switzler]

More on European "austerity":

Austerity means different things to different people. For some people, austerity means adopting a debt-reduction package made of a mix of spending cuts and tax increases. For others, it means adopting a package made mainly of spending cuts — including reforms of social programs. The lack of a distinction between the two meanings of the word — and hence, the distinction between two different debt-reduction policies — is unfortunate. It could also explain the confusion over the apparent failure of the British government’s “austerity” measures to address their financial problems. (The Economist has a piece that explains why the claim that the U.K. is going into a double-dip recession maybe overstated.)

http://www.nationalreview.com/corner...onique-de-rugy

http://www.economist.com/blogs/butto...pmaybemaybenot

[Jerry Miah]

Originally Posted by Bubba Switzler

More on European "austerity":



http://www.nationalreview.com/corner...onique-de-rugy

http://www.economist.com/blogs/butto...pmaybemaybenot

Well of course "conservative" (representing the wealthy) blogs and the discredited NatRev is going to spin it that way -- harrumph, the UK's double-dip recession is not really one, their austerity measures are not the same as ours, come come. But it's a fact that tax breaks for the wealthy and cuts to spending are not working all across Europe and here also. The only thing that saved us from the Great Recession turning into a depression was the various stimulus measures, and they were too small, and kept the tax breaks for the wealthy, which is why the recovery has been weaker than it could have been.

[Bubba Switzler]

Originally Posted by Jerry Miah

Well of course "conservative" (representing the wealthy) blogs and the discredited NatRev is going to spin it that way -- harrumph, the UK's double-dip recession is not really one, their austerity measures are not the same as ours, come come. But it's a fact that tax breaks for the wealthy and cuts to spending are not working all across Europe and here also. The only thing that saved us from the Great Recession turning into a depression was the various stimulus measures, and they were too small, and kept the tax breaks for the wealthy, which is why the recovery has been weaker than it could have been.

So which European nation(s) has cut marginal taxe rates?

(The only thing that saved us from being crushed by a giant meteor was the bull I sacrificed.)

[ComputerGeek25]

Originally Posted by Jerry Miah

The GOP is also the War Party, and war is anti-life. They need to be kept out of the White House for about as many years as the number of people who were murdered in the invasion of Iraq.

Ever hear of that thing called the Just War Theory?

And Obama and the Democrat controlled congress hasn't exactly pulled us out of Iraq and Afghanistan any quicker or closed down Gitmo.

[ComputerGeek25]

Originally Posted by Jerry Miah

Well of course "conservative" (representing the wealthy) blogs and the discredited NatRev is going to spin it that way -- harrumph, the UK's double-dip recession is not really one, their austerity measures are not the same as ours, come come. But it's a fact that tax breaks for the wealthy and cuts to spending are not working all across Europe and here also. The only thing that saved us from the Great Recession turning into a depression was the various stimulus measures, and they were too small, and kept the tax breaks for the wealthy, which is why the recovery has been weaker than it could have been.

If the GOP is the part of the wealthy, then why does Wall St. support Obama?

[qui est ce]

Originally Posted by ComputerGeek25

If the GOP is the part of the wealthy, then why does Wall St. support Obama?

And Michael Moore and George Soros and Bill Gates and Steve Jobs and Hollywood and...

[qui est ce]

Originally Posted by ComputerGeek25

Ever hear of that thing called the Just War Theory?

And Obama and the Democrat controlled congress hasn't exactly pulled us out of Iraq and Afghanistan any quicker or closed down Gitmo.

Let's not get derailed. The subject is the Ryan Budge.

[ComputerGeek25]

Originally Posted by qui est ce

And Michael Moore and George Soros and Bill Gates and Steve Jobs and Hollywood and...

The tag line he's parroting may have been true at one time to an extent. Hardly true any more and it is a smear.

[ComputerGeek25]

Originally Posted by ProVobis

Fair point. I see anyone who dismisses the killing of innocents, especially children and pregnant women, as "collateral damage" even in a just war, to be quite anti-life. And the pro-life forces need to stop supporting them.

Would someone think of the terrorists!?!?

[Bubba Switzler]

Earlier today, Paul Ryan gave a speech at Georgetown University touching on the intersection of his Catholic faith and his budget.

...

Democrats, who regularly consecrate budgets as "moral documents" and imbue all things Big Government with didactic rhetoric, were simply appalled. Without coercive fairness there can't be an ethical state.

http://www.humanevents.com/article.php?id=51118

[Scott_Lafrance]

Originally Posted by Bubba Switzler

http://www.humanevents.com/article.php?id=51118

Coercive fairness is the best example of doublethink I have ever heard.