Tax & Spend / Borrow & Spend

Gwennie! · 12-23-2003, 03:43 PM

Either way taxpayers lose.

(Sorry if this is a repeat; I looked around and couldn't find this anywhere else at The Cellar.)

Torrere · 12-23-2003, 07:42 PM

Bush does seem to be spending money as if he expected the Day of Judgement to be right around the corner.

elSicomoro · 12-23-2003, 08:51 PM

He makes the Democrats look like...well, Republicans.

russotto · 12-24-2003, 09:27 AM

Democrats and Republicans both love spending money. But Republicans are people born with a silver spoon in their mouth, usually the scions of embezzlers and stock fraud artists. Instinctively, they know that money comes from the bank, so borrowing money comes naturally to them. Democrats, on the other hand, tend to be more blue collar -- sons of burglars, bank robbers, etc. They know that money comes from other people, and their first priority is to take it.

Griff · 12-24-2003, 09:54 AM

right on the money!

elSicomoro · 12-24-2003, 01:38 PM

Yeah, that WAS good, Matt.

Of course, some (maybe many) Republicans will argue that all the spending is in the interest of national security, or some other cute excuse that makes you go "Awww!"

Beestie · 01-05-2004, 12:54 PM

Its a way of stimulating the economy. Borrowing $$$ and pumping it into the money supply. It usually works but there's hell to pay if it doesn't.

The theory is that the resulting deficit is wiped out by the resulting economic growth. Makes sense in theory but there are scenarios in which the resulting growth does not occur which would be a disaster when the bond payments come due - we'd basically have to "print money" to pay them. This would start an inflationary spiral accompanied by skyrocketing interest rates.

Pray it works.

Pie · 01-05-2004, 05:13 PM

Quote:

Originally posted by Beestie
Its a way of stimulating the economy... Pray it works.

Great explanation, Beestie! Never heard it quite so succintly put.

Now, I gotta sell the current house and buy the new one before mortgage rates go up again...

- Pie

slang · 01-06-2004, 12:54 AM

Hello all. My name is slang and I am a heartless Republican bastard.

The card is funny and Bush is out of control with the spending. I'd sooner vote for Radar in the 04 elections than Dean though.

After enduring 8 long years with Klinton I now find myself with that same uneasy feeling in my stomache with a rep HS & P. The reps now want to be dems.

We're phuct.

xoxoxoBruce · 01-06-2004, 04:29 AM

Klinton..shudder....oh no...not that....not peace and surplus. :p

classicman · 02-28-2008, 09:58 PM

bump - Post #7 is very, very telling.

tw · 02-28-2008, 11:21 PM

This is George Jr's economy. A government cannot create innovation. But it certainly can create problems by excessive spending, financial lying, and other techniques similar to what Nixon did in 1970. From CBSMarketWatch.com:

Quote:

Euro tops $1.50 as dollar drops on recession fears
Currency cracks through stubborn resistance, interest rate view a factor
The euro remained above the $1.50 level Wednesday morning after notching a new all-time record high against the dollar on fears the U.S. economy may be flirting with stagflation -- a combination of stagnant growth and high inflation.
The dollar's plunge to a new low "was unexpected, but nevertheless a risk that could happen if the right circumstances were at the same place at the same time," wrote currency analysts at Jyske Bank.

The Euro was created at one Euro for one Dollar. This is how unstable the American economy has become. Euro now costs $1.50. US government was even on the verge of a surplus. George Jr destroyed a surplus and used extremist spending to run up record debts (the only real tax cut also involved reduced spending). To mask that debt, George Jr will even put "Mission Accomplished" on an emergency spending bill this summer so that we don't see its real cost. Most of those costs will appear in the econony years later - the point of post #7.

After flooding the world with dollars to further mask excessive spending, well, economics takes revenge years later on economies that are irresponsible. Just another reason to ask whether a lower standard of living will occur simultaneously with a recession.

TheMercenary · 02-29-2008, 06:55 AM

Repulickins are about wealth. Work hard, make as much as you can in the free market.

Demoncrats are about wealth redistribution. Get others to work hard for you in the free market.

classicman · 02-29-2008, 01:41 PM

85% of all problems are directly traceable to top management.

Is that because they are the leaders? just askin...

TheMercenary · 02-29-2008, 03:53 PM

Top management is like a tree filled with monkeys.

All the managers and guys and the top look down and all they see are smiling faces of the monkeys below.

All the monkeys on the bottom are looking up and all they see are a bunch of assholes.

12-23-2003, 03:43 PM	#1
Gwennie! Not Female at Birth Join Date: Dec 2003 Location: Anaheim Posts: 166	Tax & Spend / Borrow & Spend Either way taxpayers lose. (Sorry if this is a repeat; I looked around and couldn't find this anywhere else at The Cellar.) __________________ Only The Crumbliest Flakiest Gwennie!

12-24-2003, 09:54 AM	#5
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	right on the money! __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

02-28-2008, 09:58 PM	#11
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	bump - Post #7 is very, very telling. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

02-29-2008, 06:55 AM	#13
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Repulickins are about wealth. Work hard, make as much as you can in the free market. Demoncrats are about wealth redistribution. Get others to work hard for you in the free market. __________________ Anyone but the this most fuked up President in History in 2012!

02-29-2008, 01:41 PM	#14
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	85% of all problems are directly traceable to top management. Is that because they are the leaders? just askin... __________________ "like strapping a pillow on a bull in a china shop" Bullitt

12-23-2003, 07:42 PM	#2
Torrere a real smartass Join Date: Dec 2001 Location: Kirkland, WA Posts: 1,121	Bush does seem to be spending money as if he expected the Day of Judgement to be right around the corner.

12-23-2003, 08:51 PM	#3
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	He makes the Democrats look like...well, Republicans.

12-24-2003, 09:27 AM	#4
russotto Professor Join Date: Jan 2001 Posts: 1,788	Democrats and Republicans both love spending money. But Republicans are people born with a silver spoon in their mouth, usually the scions of embezzlers and stock fraud artists. Instinctively, they know that money comes from the bank, so borrowing money comes naturally to them. Democrats, on the other hand, tend to be more blue collar -- sons of burglars, bank robbers, etc. They know that money comes from other people, and their first priority is to take it.

12-24-2003, 01:38 PM	#6
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	Yeah, that WAS good, Matt. Of course, some (maybe many) Republicans will argue that all the spending is in the interest of national security, or some other cute excuse that makes you go "Awww!"

01-05-2004, 12:54 PM	#7
Beestie -◊\|≡·∙■·∙≡\|◊- Join Date: Feb 2003 Location: Parts unknown. Posts: 4,081	Its a way of stimulating the economy. Borrowing $$$ and pumping it into the money supply. It usually works but there's hell to pay if it doesn't. The theory is that the resulting deficit is wiped out by the resulting economic growth. Makes sense in theory but there are scenarios in which the resulting growth does not occur which would be a disaster when the bond payments come due - we'd basically have to "print money" to pay them. This would start an inflationary spiral accompanied by skyrocketing interest rates. Pray it works. __________________ ♠ ♥ ♣ ♦

01-06-2004, 12:54 AM	#9
slang St Petersburg, Florida Join Date: Oct 2002 Posts: 3,423	Hello all. My name is slang and I am a heartless Republican bastard. The card is funny and Bush is out of control with the spending. I'd sooner vote for Radar in the 04 elections than Dean though. After enduring 8 long years with Klinton I now find myself with that same uneasy feeling in my stomache with a rep HS & P. The reps now want to be dems. We're phuct.

01-06-2004, 04:29 AM	#10
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Klinton..shudder....oh no...not that....not peace and surplus. :p

02-29-2008, 03:53 PM	#15
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Top management is like a tree filled with monkeys. All the managers and guys and the top look down and all they see are smiling faces of the monkeys below. All the monkeys on the bottom are looking up and all they see are a bunch of assholes. __________________ Anyone but the this most fuked up President in History in 2012!

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