SkyChimp 0 #1 August 14, 2009 A few polls have addressed this in the past. What are your thoughts? I think personally the spending is out of control and that the "left" has out spent Bush, even though spending cuts were part of the campaign rhetoric for Obama. Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
FallingBliss 0 #2 August 14, 2009 That's a good point. Most people don't realize how much Obama has spent. In addition, how much more does he plan to spend?? Hey Muhammad, why don't you wash your mouth out with a revolver! Quote Share this post Link to post Share on other sites
justinb138 0 #3 August 14, 2009 Why not just pay it back to the people we borrowed it from? Quote Share this post Link to post Share on other sites
Lefty 0 #4 August 14, 2009 QuoteA few polls have addressed this in the past. What are your thoughts? I think personally the spending is out of control and that the "left" has out spent Bush, even though spending cuts were part of the campaign rhetoric for Obama. Is there any way to unprint the money?Provoking a reaction isn't the same thing as saying something meaningful. -Calvin Quote Share this post Link to post Share on other sites
Andy9o8 2 #5 August 14, 2009 Quote Is there any way to unprint the money? Sort of. There's an old counterfeiters' trick of bleaching the ink off dollar bills, so as to obtain "genuine" currency paper, with the imbedded threads and what-not, and then re-printing them at higher denominations. Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #6 August 14, 2009 QuoteQuoteA few polls have addressed this in the past. What are your thoughts? I think personally the spending is out of control and that the "left" has out spent Bush, even though spending cuts were part of the campaign rhetoric for Obama. Is there any way to unprint the money? Yes there is. To increase the money supply (colloquially called "printing money") the US treasury sells bonds to the Federal Reserve banks, which it owns. In order to contract the money supply the treasury buys the bonds back. They can use their cash on hand for that (of which they have none) or they can sell the bonds to the private sector (deficit spending). If the planned spending does not occur the treasury has the option of borrowing less from the private sector (smaller deficit) or borrowing less from the FED (less money "printed"). A tax rebate is unlikely. Quote Share this post Link to post Share on other sites
billvon 3,090 #7 August 14, 2009 Uh, dude - the unspent money is unspent. Would you really advocate taking more out of the general fund to "return" it to taxpayers? I'd rather they just not increase the deficit even more. >the "left" has out spent Bush, Good graph from a NYT article below: http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?_r=1&hp Quote Share this post Link to post Share on other sites
bullin82 0 #8 August 14, 2009 QuoteWhy not just pay it back to the people we borrowed it from? caue if they give it back then the polaticians wont be able to buy there wife that new 3rd car they promised them lol Quote Share this post Link to post Share on other sites
kallend 2,118 #9 August 14, 2009 QuoteA few polls have addressed this in the past. What are your thoughts? I think personally the spending is out of control and that the "left" has out spent Bush, even though spending cuts were part of the campaign rhetoric for Obama. How can you return something that wasn't taken from taxpayers in the first place?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
BDashe 0 #10 August 14, 2009 while I do agree with you 100% that the unspent money should go unspent and just not be taken advantage of, i disagree with your point based on that article. It is clearly a bias article, the guy is just making sh*t up and putting numbers into the categories he decides to whimsically create to sound pretty. 37% is due to the recession cuz tax revenue is down so we spend a trillion dollars on mostly useless programs? the article is just entirely too vague to be taken seriously. Sorry, i don't need some liberal dork with the NYT who studied journalism to dumb down the economy and government spending for me. 'well i think this was bush's fault and so was this, may as well round all these #s up since a republican was in office, so we'll put that money over there under his name' total cr*p.So there I was... Making friends and playing nice since 1983 Quote Share this post Link to post Share on other sites
Andy9o8 2 #11 August 14, 2009 Quote cr*p. Yo! Watch your language, there, bub. My virgin eyes. Quote Share this post Link to post Share on other sites
billvon 3,090 #12 August 14, 2009 >37% is due to the recession cuz tax revenue is down . . . Right. Easy to measure. >so we spend a trillion dollars on mostly useless programs? Or a trillion dollars on useless tax cuts, or a trillion dollars on a useless war. Yep. It's a problem. (Of course, people who propose spending trillions of dollars on a useless war are considered heroes instead of dorks by the right wing.) > the article is just entirely too vague to be taken seriously. Got some pretty quantifiable numbers in there. Quote Share this post Link to post Share on other sites
BDashe 0 #13 August 14, 2009 my point was that we dont know what are included in each of those categories in his article, he just uses big vague terms 'recession' 'bush policy' 'obama plan' his interpretation of whatever numbers he compiled and categorized are probably way different than everyone elses'. As I said, the lables/categories and numbers/percentages are just too vague in that article to be taken as fact or defended. there are 100 articles just like it on the other side of the aisle that are just as sh*tty, i figured you'd post something a little more legit is all. granted NYT ain't bad, but this one was ridic. and i gotta mask anything close to an 'unprofessional' word/term from this computer. For financial preservation, I gotta stay as G rated as possible 10 hours a day on this keyboard, my b*d!So there I was... Making friends and playing nice since 1983 Quote Share this post Link to post Share on other sites
SkyChimp 0 #14 August 14, 2009 Prepare for hyper inflation Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
GQ_jumper 4 #15 August 15, 2009 QuoteA few polls have addressed this in the past. What are your thoughts? I think personally the spending is out of control and that the "left" has out spent Bush, even though spending cuts were part of the campaign rhetoric for Obama. I've been digging around for some information to confirm or deny it, but I have heard that we haven't printed much money at all yet. The stimulus wasn't designed to be a one time 800 billion dollar dump into the economy, it was designed to trickle in as the programs need it. With as much money as we have been raising through the bond auctions recently I'm not sure we've printed all that much to begin with. It seems we have the opportunity to rethink a number of the programs involved with the stimulus and trim down our spending or even redirect it to ones that may have the biggest effect. The last thing we need is to "give it back to the tax payers" as this would actually constitute more spending and considering the amount of free handouts we are already giving out we would be better served to not spend it at all and curb the deficit.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites
billvon 3,090 #16 August 15, 2009 >Prepare for hyper inflation You tease you. When Obama was running for office, we kept hearing about how he'd be throwing the door open to terrorists. All that palling around with Ayers and whatnot. From listening to the right wingers, it was going to be like a Bruce Willis movie; lots of violence, destruction of everything good in the US etc etc. Sounded very dramatic, and what happened? A big fat nothing. Just some right wingers who went on shooting sprees. Now we're hearing about hyperinflation, which must be like inflation but like ten times worse. And you'll keep promising such excitement - but I have a feeling we're all just going to be let down again. Quote Share this post Link to post Share on other sites
bullin82 0 #17 August 15, 2009 (Of course, people who propose spending trillions of dollars on a useless war are considered heroes instead of dorks by the right wing.) Though i suport the efforts abroad (oviously) in the years i have spent here there is places that could be cut over here that would save billions in 1 year alone. the biggest one most larger bases have civilian fire fighters makeing 6 figures when the army has trained fire fighters, right theres a billion alone. Quote Share this post Link to post Share on other sites
SkyChimp 0 #18 August 16, 2009 What do you think happens when you print money out of thin air? 20 weeks of campaign talk about "Bush spent like a drunk sailor" and now Obama is doing the same thing but in greater quantity...... My grandchildren shouldn't have their futures mortgaged simply because Obama thinks he has Marshal Law. Get real. Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
Darius11 12 #19 August 16, 2009 QuoteUh, dude - the unspent money is unspent. Would you really advocate taking more out of the general fund to "return" it to taxpayers? I'd rather they just not increase the deficit even more. >the "left" has out spent Bush, Good graph from a NYT article below: http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?_r=1&hp There you go with graphs, charts, numbers, and facts again. They are going to kill grandma when she turns 75!!!!!! and with a firing squad because bullets are cheaper!!!!!!!!!!!!I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain Quote Share this post Link to post Share on other sites
SkyChimp 0 #20 August 16, 2009 Quote >the "left" has out spent Bush, Good graph from a NYT article below: http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?_r=1&hp HAHAHA..... I just realized that article was from David Leonhardt. The same David Leonhardt that resigned the Washington Post after receiving pressure from his superiors for writing columns with significant misinformation. Go figure the NYT picked up Leonhardt to write about economics. They would hire just about anyone who would praise "BARRACK AKBAR..... OBAMA AKBAR" Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
jgoose71 0 #21 August 16, 2009 QuoteWhy not just pay it back to the people we borrowed it from? your post should say "Why not give it to China so we don't have to pay interest on it?""There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss." Life, the Universe, and Everything Quote Share this post Link to post Share on other sites
jgoose71 0 #22 August 16, 2009 Quote>Prepare for hyper inflation You tease you. When Obama was running for office, we kept hearing about how he'd be throwing the door open to terrorists. All that palling around with Ayers and whatnot. From listening to the right wingers, it was going to be like a Bruce Willis movie; lots of violence, destruction of everything good in the US etc etc. Sounded very dramatic, and what happened? A big fat nothing. Just some right wingers who went on shooting sprees. Now we're hearing about hyperinflation, which must be like inflation but like ten times worse. And you'll keep promising such excitement - but I have a feeling we're all just going to be let down again. I guess you missed the part when the Fed printed a Trillion dollars. What happens to a currency when the Government just starts printing money?"There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss." Life, the Universe, and Everything Quote Share this post Link to post Share on other sites
kallend 2,118 #23 August 16, 2009 Quote “The G.O.P. is not serious about cutting down spending,” the conservative Cato Institute concluded. But they pretend a lot.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
SkyChimp 0 #24 August 17, 2009 QuoteQuoteWhy not just pay it back to the people we borrowed it from? your post should say "Why not give it to China so we don't have to pay interest on it?" Funny you bring that up...... How does a country repay a debt when they do not have the ability to repay in currency??? Ever think about how the United States acquired the state of Florida from Spain?? $1,000,000.00 is what Spain owed us and gave us Florida in lieu of repaying the debt since they had no other means to satisfy. Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
kallend 2,118 #25 August 17, 2009 QuoteQuoteQuoteWhy not just pay it back to the people we borrowed it from? your post should say "Why not give it to China so we don't have to pay interest on it?" Funny you bring that up...... How does a country repay a debt when they do not have the ability to repay in currency??? Ever think about how the United States acquired the state of Florida from Spain?? $1,000,000.00 is what Spain owed us and gave us Florida in lieu of repaying the debt since they had no other means to satisfy. Maybe China will accept Texas.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
