Congressional Hypocrisy

BigV · 11-11-2005, 03:09 PM

Current budget battles:

Congress wants to "trim the deficit" by reducing the budget by about $50 billion dollars. Programs targetted for cuts: Medicaid, food stamps and federally guaranteed student loans. Hardly the darlings of the politically connected.

Also, in the works is a tax cut extension worth $70 billion, mostly benefitting the highest earners.

Slated to come into effect 01 Jan 2006: $150 billion in tax cuts passed five years ago. Why would you make something touted as beneficial only effective in such a delayed fashion. Because the bill to pay for it is separated from the debate on it's worth. Of course, this debate happened before all the trouble of 11 Sep 2001 and the subsequent wars. BIG expensive items that were not part of the discussion about the appropriateness of massive tax cuts.

But will there be such a discussion now? I certainly hope so. I hope you all raise holy hell. Ready? Go!

Urbane Guerrilla · 11-11-2005, 10:36 PM

The smaller the Federal budget, the smaller its inflationary effect. Minimal inflation keeps financial planning simple and moneymaking virtuous -- mostly -- and more so than when inflation is powerful enough to encourage excessive debt loads, and discourage savings and investments, all of which tends to have spillover effects into social mores.

lookout123 · 11-12-2005, 01:02 AM

UG - um, uh, well, ah, hmmm

BigV - my friend look deeper into the numbers and the facts, not just the propaganda. i will never suggest that any politician does anything for truly altruistic reasons, but there is numerical, quantitative support for much of what you see - if you are willing to read, absorb, and accept that which may be difficult to believe. if not - good seeing/reading/hearing you, my friend.

xoxoxoBruce · 11-12-2005, 10:51 PM

Many of the Big Defense Contractors have been openly worried for the last 2 or 3 months. Strong signals from Washington that they are going to cut 10 billion from the defense budget........leaving only 390 billion to go around.

11-11-2005, 03:09 PM	#1
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Congressional Hypocrisy Current budget battles: Congress wants to "trim the deficit" by reducing the budget by about $50 billion dollars. Programs targetted for cuts: Medicaid, food stamps and federally guaranteed student loans. Hardly the darlings of the politically connected. Also, in the works is a tax cut extension worth $70 billion, mostly benefitting the highest earners. Slated to come into effect 01 Jan 2006: $150 billion in tax cuts passed five years ago. Why would you make something touted as beneficial only effective in such a delayed fashion. Because the bill to pay for it is separated from the debate on it's worth. Of course, this debate happened before all the trouble of 11 Sep 2001 and the subsequent wars. BIG expensive items that were not part of the discussion about the appropriateness of massive tax cuts. But will there be such a discussion now? I certainly hope so. I hope you all raise holy hell. Ready? Go! __________________ Be Just and Fear Not.

11-11-2005, 10:36 PM	#2
Urbane Guerrilla Person who doesn't update the user title Join Date: Jul 2002 Location: Southern California Posts: 6,674	The smaller the Federal budget, the smaller its inflationary effect. Minimal inflation keeps financial planning simple and moneymaking virtuous -- mostly -- and more so than when inflation is powerful enough to encourage excessive debt loads, and discourage savings and investments, all of which tends to have spillover effects into social mores. __________________ Wanna stop school shootings? End Gun-Free Zones, of course.

11-12-2005, 10:51 PM	#4
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Many of the Big Defense Contractors have been openly worried for the last 2 or 3 months. Strong signals from Washington that they are going to cut 10 billion from the defense budget........leaving only 390 billion to go around. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-12-2005, 01:02 AM	#3
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	UG - um, uh, well, ah, hmmm BigV - my friend look deeper into the numbers and the facts, not just the propaganda. i will never suggest that any politician does anything for truly altruistic reasons, but there is numerical, quantitative support for much of what you see - if you are willing to read, absorb, and accept that which may be difficult to believe. if not - good seeing/reading/hearing you, my friend.

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