tag:blogger.com,1999:blog-2761684730989137546.post2620072129397122149..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: White House: Budget deficit to top $1.8 trillionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-18429716822898585102009-05-12T12:18:00.000-04:002009-05-12T12:18:00.000-04:00Joker:
Yes, how sad. And what person would deny t...Joker:<br /><br />Yes, how sad. And what person would deny themselves the finest quality of life if he or she could do it merely by crediting the bank accounts of the vendors and producers that provided the things they needed? To deny oneself in the midst of abundance is to live an ascetic--and purposely miserable--life. Some religions teach this, with the caveat that true rewards come in the afterlife. Maybe this is what we believe in as a nation?mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3568593875608883482009-05-11T23:29:00.000-04:002009-05-11T23:29:00.000-04:00Unfortunately, the president and Congress think of...Unfortunately, the president and Congress think of government spending in the same manner as our personal finances.<br /><br />Political agendas and not understanding the way deficits increase private savings is hurting our economy. <br /><br />I'm not an economist or a high ranking government official, yet I understand how deficits help, not hurt, the American people.<br /><br />I guess electing officials that truly understand this concept will not happen in my lifetime.<br /><br />So sad.The Jokerhttps://www.blogger.com/profile/17307990096852365358noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-25576916018726723432009-05-11T23:24:00.000-04:002009-05-11T23:24:00.000-04:00This comment has been removed by the author.The Jokerhttps://www.blogger.com/profile/17307990096852365358noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-54586069344534184052009-05-11T18:56:00.000-04:002009-05-11T18:56:00.000-04:00this would help the banks too.
as we all know the...this would help the banks too.<br /><br />as we all know they just threw the pot out with the soup -<br /><br />they are cutting credit lines for the effect of a short-term exposure decrease - on lines of a mini-beer buzz.<br /><br />but longer term will be the fact that now consumers' credit scores will be screwed with respect to the debt-to-creditLine measurement since D/CL will get bigger when CreditLine CL gets smaller.<br /><br />that means more people will spend less !! make less and do less.<br /><br />this is another spiral <br /><br />and if he increases taxes that will be worse.<br /><br />ellimination of taxes for those who spend the most ( incomes less than $200K ) as well as small businesses will make the patch to the hole.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com