An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Monday, September 5, 2011
Worse than Al Quaeda
Why is it that if 1) a group of Middle Eastern fanatics threatens to destroy the U.S. economy but doesn't actually have the ability to do so, the responses are disgust, anger and revenge but if 2) a domestic group of pseudo-scientific, innumerate buffoons threatens to to destroy the U.S. economy and actually has the ability to do so via a balanced budget amendment, the mainstream media and political opposition are silent?
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"“That doesn’t just mean a fiscal house in order; it also means more certainty for the private sector and a better environment for job creation."
Yeah, I'll be more "certain" that the economy will go to shit and we will probably have to do more layoffs!
"Goodlatte said the federal debt, totaling more than $14 trillion, holds Americans back from work through barriers such as “burdensome mandates and regulations,” restrictions on American energy production, and tight free-trade agreements."
Kevin, look at this quote; he is such a moron that he thinks issuing Treasury securities is the same as "regulation".... these people have literally been rendered insane. They have been left with little to no true cognitive abilities. Scary.
Resp,
Kevin,
Both responses come from a lack of critical thinking about the events and their causes. This lack enables the manipulation of fear, that results in a passive/aggressive response - passiveness towards the erosion of liberties, and a transferred aggression towards imagined enemies.
This "certainty" argument is such a crock of shit that I can't believe it has gone along this far. Look at the "certainty" being created in Europe by these budget balancing fanatics.
Meanwhile: ¡It looks like there is a shortage of treasuries in the market!
http://ftalphaville.ft.com/blog/2011/09/05/668726/some-extremely-special-treasuries/
"these people have literally been rendered insane."
The ancient Greeks had a proverb, "Those whom the gods would destroy they first drive mad."
What is the correct word for a large number of baboons? This is the truth – honestly – the correct word is a “congress”.
People don't seem to understand that whether balancing the budget is a good or bad thing depends on the situation you are in
While I don't exactly agree with Mr Norman or with MMT, I do agree that in the current situation governments need to spend more not less.
There are even some ways of doing this that may not be more expensive in the long run.
For instance the US will have to spend on the maintenance and upkeep of infrastructure. If spending that money cannot be avoided anyway, why not spend it during a recession and stimulate the economy?
This week on "Stupid Or Evil," Virginia Rep. Bob Goodlatte. I thought a latte is a coastal liberal elite beverage. Shouldn't his name be "Goodtea?"
Brian et al:
Goodlatte has the national Debt Clock running on his website, http://goodlatte.house.gov/
I think you ae being kind and generous, dumbass is more accurate.
Brian et al:
Goodlatte has the national Debt Clock running on his website, http://goodlatte.house.gov/
I think you ae being kind and generous, dumbass is more accurate.
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