Moody's : GOP budget plan would cost 700K jobs

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Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
Doppel said:
Until the public stop with dem vs repub and realize that both parties are wholly owned by special interests/lobbying and care about nothing other than campaign contributions the public will continue to get it wrong.
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Ding ding ding.

New boss owned by the exact same people as the old boss.
 
Phokus

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Darwin333 said:
The same Krugman that wrote an article not long ago calling for something like a targeted 4% inflation rate? Hell, even a targeted 3% rate and we are fubar'd.

Edit: It was targeted inflation not interest rates but the point is the same, a public targeted inflation rate of 4% automatically assumes that interest rates rise above that rate. +4% rates on one year bonds? Kabooom
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Are you daft? 3 to 4 percent is nothing. We've had those inflation percentages in past years. And you have no idea what you're talking about. When the economy is bad, you want SOME inflation because businesses are unwilling to cut wages (wages are sticky) and would rather layoff workers instead.
 
bamacre

bamacre

Lifer
Jul 1, 2004
21,029
2
81
bfdd said:
double dip recession? i didn't realize we had gotten out of it yet.... i honestly find it funny that you're not in a recession until someone states it officially and that you can be out of a recession int he same way. What kind of fucking morons believe that non-sense?
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'Tis a strange world.
 
bamacre

bamacre

Lifer
Jul 1, 2004
21,029
2
81
Darwin333 said:
The same Krugman that wrote an article not long ago calling for something like a targeted 4% inflation rate? Hell, even a targeted 3% rate and we are fubar'd.

Edit: It was targeted inflation not interest rates but the point is the same, a public targeted inflation rate of 4% automatically assumes that interest rates rise above that rate. +4% rates on one year bonds? Kabooom
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Nixon Obama wage and price controls? :D
 
M

matt0611

Golden Member
Oct 22, 2010
1,879
0
0
Its hilarious how much resistance a mere 60 billion in cuts are getting (less than 2% of the entire budget!).

Oh man, we are so screwed lol.

Full steam ahead I guess.
 
Zebo

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
matt0611 said:
Its hilarious how much resistance a mere 60 billion in cuts are getting (less than 2% of the entire budget!).

Oh man, we are so screwed lol.

Full steam ahead I guess.
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Yup just get it while you can and prepare.
 
P

PeshakJang

Platinum Member
Mar 17, 2010
2,276
0
0
At least it is less than the 800k jobs that the CBO says the health care bill will cost.
 
T

The-Noid

Diamond Member
Nov 16, 2005
3,117
4
76
When was the last time Mark Zandi was correct about anything?

Honestly find me one article in the last four years he is has gotten right.
 
R

RightIsWrong

Diamond Member
Apr 29, 2005
5,649
0
0
Phokus said:
It depends who you're talking about. Business is booming and profits has been gangbusters. We don't care about the middle or working class anymore. If corporations can make record profits without the rest of America, then who gives a shit anymore, it's not a recession. As long as GDP rises, right?

Fuck the middle/working class, vote republican.
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Sadly, this might be the most depressing and accurate post I've read on the topic.
 
ericlp

ericlp

Diamond Member
Dec 24, 2000
6,139
236
106
hmmm since we are so broke. We could sell Alaska back to Russia (palin) included with deal...

Texas back to Mexico (bush) included with the deal. :)
 
ericlp

ericlp

Diamond Member
Dec 24, 2000
6,139
236
106
Jaskalas said:
A bubble of fake wealth inflated by the government, to the SIZE of our government, would be far worse than any economic crisis to ever hit this nation.

I'll take the great depression, let alone a double dip, over what you intend to bring us.
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You must really really hate america.....
 
N

nageov3t

Lifer
Feb 18, 2004
42,808
83
91
it's hard to take either party seriously when it comes to the budget, when neither side is willing to bring up serious defense budget cuts and reforming social security/medicare/medicaid.
 
T

The-Noid

Diamond Member
Nov 16, 2005
3,117
4
76
loki8481 said:
it's hard to take either party seriously when it comes to the budget, when neither side is willing to bring up serious defense budget cuts and reforming social security/medicare/medicaid.
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But the answer is getting elected and you can't get elected if you mess with the Big 4.
 
J

JeffreyLebowski

Lifer
Aug 23, 2000
15,509
1
81
Fewer jobs created does not mean it will cost that many jobs. OP title=fail.
Everyone (Dem and Repub) say they want budget cuts, but if it affects their district or them personally they don't want it. Someone else has to bare the burden.
How about this. Cut the budget in a way that everyone is burdened.

I'll take a little burden now to avert a lot of burded later.
Every department and program funded by federal dollars needs to be reduced by 15%. Federal pay and benefits need to be brought inline with the private sector. Unions need to be abolished (instantly more money in workers pockets for not having to pay dues).
 
werepossum

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
JeffreyLebowski said:
Fewer jobs created does not mean it will cost that many jobs. OP title=fail.
Everyone (Dem and Repub) say they want budget cuts, but if it affects their district or them personally they don't want it. Someone else has to bare the burden.
How about this. Cut the budget in a way that everyone is burdened.

I'll take a little burden now to avert a lot of burded later.
Every department and program funded by federal dollars needs to be reduced by 15%. Federal pay and benefits need to be brought inline with the private sector. Unions need to be abolished (instantly more money in workers pockets for not having to pay dues).
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Agreed. The average US wage is around $50K. These created jobs average costing us between $100K and $250K. Doesn't take too much math to realize that we cannot create prosperity by funding $100K to $250K jobs funded by the taxes on $50K jobs. The more jobs government creates, the deeper the hole we are in.

Everyone should remember that government creates no wealth, but consumes a great deal. The more wealth we divert into government, no matter how valuable or well-paid the jobs, the less capital that can be applied to wealth-producing projects that enrich our society. We need to honestly evaluate our regulatory and tax structures to make it more practical to produce wealth in the USA, not grow the wealth-consuming portion of our society.
 
P

piasabird

Lifer
Feb 6, 2002
17,168
60
91
In the real world corporations save money by laying people off. Welcome to the real world! Lay people off if that is what it takes. I watched two programmers walk out the door and never come back a while back. Such is life in the real world.

If the government is over-bloated then it is time to trim the fat. That is how things go. I dont care who loses their job!
 
C

Craig234

Lifer
May 1, 2006
38,548
350
126
loki8481 said:
it's hard to take either party seriously when it comes to the budget, when neither side is willing to bring up serious defense budget cuts and reforming social security/medicare/medicaid.
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Progressives will make real cuts to military spending, and IMO they'll make need cuts to other programs - but not before needed cuts to things like corporate giveaways, and raising taxes back somewhat on the rich. That is the right plan for the country, only they are not serving the agenda of the rich and have a chance to get elected. You can't vote for corporatist Repubs or Dems and have them really prioritize the budget for the people.
 
BoberFett

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Craig234 said:
Progressives will make real cuts to military spending, and IMO they'll make need cuts to other programs - but not before needed cuts to things like corporate giveaways, and raising taxes back somewhat on the rich. That is the right plan for the country, only they are not serving the agenda of the rich and have a chance to get elected. You can't vote for corporatist Repubs or Dems and have them really prioritize the budget for the people.
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You do realize, of course, that progressive government cuts result in layoffs just as much as "evil right wing" cuts do, don't you? Cutting the military means military contractor layoffs. You're just shifting the problem.

I'll give you a few weeks to mull that over. I know your tiny mind has trouble with complex ideas.
 
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