ToxicAdam said:Didn't the S&P warn that a downgrade could happen if the US didn't let the tax cuts expire? That would indicate they are concerned about our incoming tax revenues.
ToxicAdam said:Austerity? You mean this?
With much of these cuts coming from the winding down of the wars.
AlteredBeast said:those cuts make me embarrassed. What the hell!! They didnt even cut enough (or agree to raise taxes, but I guess this time the bush cuts actually will expire) to avoid having to raise the debt ceiling longer than next year.
So I guess his prayer thing last weekend was just a shameless attempt at grabbing religious bloc/evangelicals in south? I know Mitt Romney isn't really popular with "conservative Christians", but this was a blatant attempt at currying favor with the religious on Perry's part. I feel Romney's fate is sealed in the south.SolKane said:Looks like Perry's official announcement will be this Saturday in South Carolina.
School leaders in Virginia and Maryland said they are likely to seek exemptions for the most stringent requirements of the federal No Child Left Behind law after an announcement Monday that the Obama administration will offer flexibility to states willing to modernize their accountability systems.
Education Secretary Arne Duncan is exercising rarely used executive authority by inviting states to apply for legal waivers. The move comes after efforts to update the federal law stalled in Congress this year, frustrating educators across the country.
empty vessel said:My point is that I don't take S&P at its word, so what it says doesn't carry much weight with me.
That's 6.5%. If an economy contracted by 6.5%, would you think that was a significant contraction?
You want someone to run against Obama in the Primaries? That's like ASKING for the GOP to "Hey!? Want the White House? Here it is!"Snipes424 said:I've been thinking about this today, and I hope Hillary runs against Obama in 2012. I like Obama personally and I think he is a very smart guy, but imo he is a bad leader and negotiator. At the same time, I don't think voting in a republican is the brightest idea either.
So politically, the best outcome is Hillary winning in 2012 imo.
RustyNails said:So I guess his prayer thing last weekend was just a shameless attempt at grabbing religious bloc/evangelicals in south? I know Mitt Romney isn't really popular with "conservative Christians", but this was a blatant attempt at currying favor with the religious on Perry's part. I feel Romney's fate is sealed in the south.
Snipes424 said:I've been thinking about this today, and I hope Hillary runs against Obama in 2012. I like Obama personally and I think he is a very smart guy, but imo he is a bad leader and negotiator. At the same time, I don't think voting in a republican is the brightest idea either.
So politically, the best outcome is Hillary winning in 2012 imo.
Plinko said:I'd just like to point out that the last time oil was around $75 a barrel was in late September of 2010 and we were paying about $2.50-$2.75 per gallon.
Oil is plummeting and around $75 a barrel. I'm going to take a wild guess and say we don't see gas prices get below $3.15
Plinko said:I'd just like to point out that the last time oil was around $75 a barrel was in late September of 2010 and we were paying about $2.50-$2.75 per gallon.
Oil is plummeting and around $75 a barrel. I'm going to take a wild guess and say we don't see gas prices get below $3.15
Vestal said:Offcourse not.. Its the wonderful world of Oil Speculation and GREED..
As soon as Oil prices rises, the price at the pump rises..
As soon as Oil Prices drop...... Nothing happens..
2 weeks later...... maybe.
ToxicAdam said:NCLB being circumvented
Oblivion said:Saw that earlier today. Is that a good or bad thing?
Isn't part D the prescription plans?Technosteve said:lololol BIG Pharma needed a stimulus package
planar1280 said:got into an argument with some conservative friends they were going around in circles.
They kept bringing 7 points:
1. My point of rich paying their fare share of taxes is socialism
2. Why should the rich pay more taxes when they worked hard to earn the cash
3. If you work hard enough, you won't be poor or middle class and instead get a good education and get rich
4. US has the best healthcare that is why it is so expensive
5. people complaining about expensive universities should go to community colleges as they are cheap and good at the same time.
6. paying more taxes by rich is slavery for rich as it is forced money from their hand. it is robery
7. less government on every point
How do i reason with these folks my head is spinning with the ignorance. I mean they were middle class themselves. what do I tell them
planar1280 said:got into an argument with some conservative friends they were going around in circles.
They kept bringing 7 points:
1. My point of rich paying their fare share of taxes is socialism
2. Why should the rich pay more taxes when they worked hard to earn the cash
3. If you work hard enough, you won't be poor or middle class and instead get a good education and get rich
4. US has the best healthcare that is why it is so expensive
5. people complaining about expensive universities should go to community colleges as they are cheap and good at the same time.
6. paying more taxes by rich is slavery for rich as it is forced money from their hand. it is robery
7. less government on every point
How do i reason with these folks my head is spinning with the ignorance. I mean they were middle class themselves. what do I tell them
Megalodactyl said:I'm going to vote for the guy that will end the bush tax cuts, close the loopholes for corporations, strip corporations of being legal persons, end the wars EVERYWHERE, (seriously, the defense budget is obscene, and thats not even counting the discretionary war spending AND the black budget) but you know what, I don't think such a person exists in either political party.
Yeah, what he/she said.Vestal said:Holy fuck dude, they seem scary as fuck..
1. Bring up that the rich are now paying less than ever. That they have a choke hold on the wealth of this country.
2. This is a bullshit statement. Who works harder a construction worker or a CEO.. A Programmer or a Hedge fund manager?
3. Alot of people who are middle class bust their asses every day to just survive.. Do they think people like being unemployed or earning less than whats necessary to have a good life?
4. HORSE FUCKING SHIT.. The most exepensive healthcare system because it is corrupt to the CORE.
5. The quality of education at a University and the credit that comes with it is a necessity nowadays. Education costs are too high due to the abundance of Private Loan institutions willing to fuck people over.
6. They are making their money in the UNITED STATES OF AMERICA.. It is their duty to pay their fair share. Since they hold the vast majority of the wealth and are not willing to invest it in Job creation instead send it overseas and use every loophole in the book to pay less taxes.
7. Tell them to take a history lesson in the Great Depression.. The only way we got out of the Depression was More spending more government.. Tell them to look at why 2008 happened. It was because of the lack of regulation and the Idea of FREE Market that banks started getting greedy as FUCK.
planar1280 said:thanks. next session, they are still my friends i won't abandon them for their political ideology. I have a mix of both liberals and conservatives.
planar1280 said:thanks. next session, they are still my friends i won't abandon them for their political ideology. I have a mix of both liberals and conservatives.
CBO said:In addition to these factors, the extension of unemployment insurance may contribute to higher unemployment rates. It may have encouraged some jobless people to stay in the work force who, without extended unemployment benefits, might have dropped out of the labor force altogether, retired, or applied for Social Security disability benefits. Or, the extended benefits may have allowed some people to search less intensively for work than they would have if their benefit eligibility ended sooner.
As I recall, the Supreme Court very recently struck down some Arizona public election financing scheme as being unconstitutional. I don't remember the details, I think it was more of this nonsense about money being equal to speech, and I know that the ruling has put some other implementations of public election financing in jeopardy--New York's, for one. So I'm not sure that public financing is as straightforward a solution as we would like it to be.besada said:I'd support this, too. In fact, it was the first thing I thought of when Vestal declared there was no other way. This would be hard to enact, but at least you don't have a Constitutional barrier that I know of. The people would have to force it on their Representatives, and that seems unlikely, but it's definitely more likely than Vestal's suggestions.
It has the added benefit of maybe actually working, unlike term limits.
Soka said:Serious question here, the theory behind these tax cuts are that they'll spur spending and job creation. Is there anyway to show what effect(s), if any, these tax cuts had? I'm just saying, while clearing spending is overall down by consumers right now compared to 8 years ago, is it possible it would be even lower if these tax cuts were not in place?
I doubt it's enough to offset the tax cuts, but it might make that $1.8 trillion look a bit better.
LQX said:Keep in mind that chart is for 8 years of Bush's terms. Obama is half way at beating it and he is just three years in. At his rate if he gets another 4 years he will outspend Bush with ease.
1. So? The U.S. is and has been full of socialist systems for a long time. Any central planning, any government welfare is socialism. The question isn't whether to engage in socialist practices, the question is where you set the sliders. We're already a socialist nation, we just like to pretend we aren't.planar1280 said:got into an argument with some conservative friends they were going around in circles.
They kept bringing 7 points:
1. My point of rich paying their fare share of taxes is socialism
2. Why should the rich pay more taxes when they worked hard to earn the cash
3. If you work hard enough, you won't be poor or middle class and ind get a good education and get ri
4. US has the best healthcare that is why it is so expensive
5. people complaining about expensive universities should go to community colleges as they are cheap and good at the same time.
6. paying more taxes by rich is slavery for rich as it is forced money from their hand. it is robery
7. less government on every point
How do i reason with these folks my head is spinning with the ignorance. I mean they were middle class themselves. what do I tell them
You know, I was thinking when I posted it that the new money=speech meme might be a hurdle, so I wouldn't be surprised. I suspect you could still get over with voluntary public financing, but so long as people can douse politicians in money, it's hard to believe they'll go along with it. It's bad game theory to expect no one to reach for the big cash pot, and at that point you'd have to be stupid to stay on public financing.Invisible_Insane said:As I recall, the Supreme Court very recently struck down some Arizona public election financing scheme as being unconstitutional. I don't remember the details, I think it was more of this nonsense about money being equal to speech, and I know that the ruling has put some other implementations of public election financing in jeopardy--New York's, for one. So I'm not sure that public financing is as straightforward a solution as we would like it to be.
I have to agree with you on term limits, though. Focusing on term limits is mostly treating a symptom of the problems caused by the absence of robust public financing.
Actually, if you read the chart, it's a projection for Obama from 2009-2017. For the Bush side, it shows 2002-2009, both of which are 7 years.LQX said:Keep in mind that chart is for 8 years of Bush's terms. Obama is half way at beating it and he is just three years in. At his rate if he gets another 4 years he will outspend Bush with ease.
Stephen Colbert said:Extending the bush tax cuts was a mistake. Obama was too cowardly to be accused of raising taxes in the middle of a recession. But that doesn't change the fact that this was a policy enacted by Bush.
And no, Obama wouldn't have spent anywhere near as much had he been President in 2001.
This was Obama's speech on Iraq, back in 2002, when the Iraq war was actively being debated...
Again, this was delivered in 2002, when Democrats and Republicans alike were jumping over themselves to support invading Iraq. When no one had an inkling about just how badly it would all turn out.
Yes, if Obama was president during 9/11, he wouldn't have jumped in head first into war.
Shit you are right. My mistake.Wallach said:The chart clearly says it includes projected spending through 2017, assuming he was in office that entire time.
teacupcopter said:Why aren't you including Libya spending in this chart?
That was not the only reason. Foremost, they intended to wed the state governments to the nascent national government. Otherwise, you are correct. They also intended to shield the Senate from electoral politics and provide institutional stability. But that was not entirely successful. After the Era of Good Feelings, increased partisanship rendered some Senate elections contentious affairs. Rather than being beholden to electoral politics, they were beholden to state politics. Moreover, it did not facilitate institutional stability. Absent a fixed date for electing Senators, vacancies would persist for months. And some persisted for years. Really, I do not think the benefits are compelling enough.tanod said:The founding fathers had a pretty good reason for it. Senators were supposed to be somewhat insulated from electoral politics unlike the House which is supposed to be directly beholden to it.