Barney Frank: "We need to increase spending"
pjalive21
St. Louis, MO Posts: 2,818
i dont even think i need to comment on this.....
man the next 4 years is going to be pure hell
man the next 4 years is going to be pure hell
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What, they need to increase spending on paper towels in the House coffee break room? :rolleyes:
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
Should be used to this after the past 8 years. And it sure as shit wouldn't be changing under McCain.
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I can't think of a context where I would be happy to hear those sentiments expressed.
Really? Remember that in the Clinton years, the government ran a SURPLUS, and *Bush* spent it all away and got us back into having DEFICITS.
The interesting part is I was listening to part of a discussion on Fresh Air today, with the new Nobel prize winner in Economics, and he was saying that spending should be increased *somewhat*.
Sometimes spending can turn out to be more economical. Today I was doing the family's grocery shopping - in the store they had 3 boxes of instant oatmeal for $5.00 - that gets us 30 servings. Normally a box is over $2.00. So spending a little more upfront enabled me to save in the long run. Spending per se isn't necessaraily bad, but spending carelessly and non-judiciously is.
R.i.p. My Dad - May 28, 2007
R.i.p. Black Tail (cat) - Sept. 20, 2008
when did he say it? what was he talking about? All I'm asking ...
there are levels of displeasure hearing those things ...
and let's not forget how much spending went on under the Republican lead House, Senate and White House ... if you want to talk about "pure hell".
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
Barney Frank is going to win the presidential election? Damn... I've been out of the loop.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
just to make myself clear..im not leaving Bush out of the equation but he is the past and will be out of office in november and he was a spending monger but what do you think Obama will be? an extra 3 trillion in spending!! and when you have people like Frank helping him out it can only get worse
Frank was talking about the current state of the economy and that "nobel prized" economist is wrong (referencing above)
you dont think he is going to have some influence on Obama? seriously contribute something worthwhile to the discussion
3 trillion? man, the republican talking point was 1 trillion last week ... didn't realize Obama laid out 2 trillion of new spending in such a short period of time ... or, does Barney Frank have the right to spend it on his own now?
Originally, Obama had "paid" for all his new programs (with getting rid of the bush tax cuts along with other cuts), obviously, that plan has to change ... neither he nor McCain were able to fully describe which programs they'd like to cancel or delay based on the new econimic crisis in the debates.
But I don't think anyone can step in and go on an unfunded spending spree and send this country trillions deeper in debt ... I do not think that is going to happen.
Edit ... remember, it was Clinton's administration that actually had us working with a budget SURPLUS ... something no republican preseident has been able to do in recent history.
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
Why would he? Has he just been named an economic adviser to the Obama team?
...says the person who wrote this in another thread:
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Maybe McCain's plan to reduce the deficit is to capture Bin Laden and then sell him on the black market to the highest bidder.
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What about troop armor? What about benefits to veterans?
What about bailing out your sick relative that's lost everything to sickness?
spending!!!!
it's a variable like eggs in a cake mix
Increasing government spending would increase the supply of money and credit in circulation, thus providing liquidity to a system in desperate need.
I'm not agreeing with this "solution", but within the context of our current untenable system, it is within the realm of "sanity" to suggest.
Barney Franks didn't invent our monetary policy, and he is not the first to suggest government spending as a solution either.
[if, indeed, that is to what the context of this quote was refering]
If I opened it now would you not understand?
I completely agree with you about Republican spending. It was a travesty. You'll get no argument from me. I'm not voting for either major party candidate. Neither of them has a plan to reduce spending. They only talk about their tax plans.
I heard Paul Krugman say the same thing tonight in Fresh Air on NPR....
what was his take on it?
conext? okay (again, seems to be legit)
found this to be interesting. I thought I would show this to some, but I'm sure it will fall on deaf ears or say it's nothing but lies.
Part 1
Remember the election in 2006? Thought you might like to read the following:
A little over one year ago:
1.) Consumer confidence stood at a 2 1/2 year high;
2.) Regular gasoline sold for $2.19 a gallon;
3.) The unemployment rate was 4.5%.
Since voting in a Democratic Congress in 2006 we have seen:
1.) Consumer confidence plummet;
2.) The cost of regular gasoline soar to over $4.10 a gallon;
3.) Unemployment is up to 5% (a 10% increase);
4.) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses)
5.) Americans have seen their home equity drop by $1.2 trillion dollars;
6.) 1% of American homes are in foreclosure.
7.) Food prices skyrocketing over 30% in 1 year.
America voted for change in 2006, and we got it!
Remember, it is Congress that makes the laws and spends our money -not the President. He has to work with what's handed to him.
Part 2:
Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing.
http://www.taxfoundation.org/publications/show/151.HTML
Taxes under CLINTON-1999 Taxes under BUSH-2008
Single earning: Single earning:
30K - taxed- $ 8,400 30K - taxed $ 4,500
50K - taxed $ 14,000 50K - taxed $ 12,500
75K - taxed $ 23,250 75K - taxed $ 18,750
Married earning: Married earning:
60K - taxed $ 16,800 60K - taxed $ 9,000
75K - taxed $ 21,000 75K - taxed $ 18,750
125K - taxed $ 38,750 125K - taxed $ 31,250
Barack Obama promises to return to the higher tax rates if elected. It is amazing how many people who fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever.
If elected, Barack Obama has already promised that he will repeal the Bush tax cuts, and amazingly, a good portion of the people who fall into the categories above can't wait for it to happen.
PART 3:
You think the war in Iraq is costing us too much?& nbsp; Read this: Boy, am I confused. I have been hammered with the propaganda that it is the Iraq war and the war on terror that is bankrupting us. I now find that to be RIDICULOUS. Read on...
I hope the following 14 reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I have included the URL's for verification of all the following facts.
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.
Verify at: http://tinyurl.com/zob77
2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.
Verify at: http://www.cis..org/articles/2004/fiscalexec.html
3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
Verify at: http://wwwcis..org/articles/2004/fiscalexec.html
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!
Verify at: http://transcripts.CNN.com/TRANSCRIPTS/0604/01/ldt.0.HTML
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babi es.
Verify at: http://transcripts..cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
7. 30% percent of all Federal Prison inmates are illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html
9. $2 00 Billion Dollars a year in suppressed American wages are caused by the illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
10. The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0606/12/ldt.01.html
11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pou nds of drugs, cocaine, meth, heroin and
marijuana, crossed into the U. S from the Southern border.
Verify at: Homeland Security Report: http://tinyurl..com/t9sht
12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.'
Verify at: http://www.nationalpolicyinstitute.org/pdf/deportation.pdf
13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin.
Verify at: http://www.rense.com/general75/niht.htm
14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Cr imes Committed by Illegal Immigrants In The United States.'
Verify at: http://www.drdsk.com/articleshtml
The total cost is a whopping $338.3 BILLION DOLLARS A YEAR.
Sweep the Leg Johnny.
It's inflammatory and ridiculous. It's like screaming that the fascists are coming every time a Republican president and Congress is elected.
Socialism, democratic socialism, is already here people ...
Did you not see what happened with the banks over the past month?
Hello? SOCIAL security .... Medicaid ...
But we are not talking about the government controlling the production of industry socialism ...
Man, I cannot beleive anyone would believe in a progressive tax ... unreal ...
even THIS guy beleives in a progressive tax!
http://www.youtube.com/watch?v=tGvtq4UYNIE
Wait ... was that ... aahhhh yes, it WAS John MCCain
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
http://www.snopes.com/politics/business/votedforchange.asp
http://www.snopes.com/politics/taxes/clinton-bush.asp
You're voting for McCain, right? I'm a bit surprised that you'd bring up illegal immigration with him being such a cheerleader for amnesty (God I hate that term - I actually agree with McCain's immigration policy before he started running for president).
And you might want to check your source links from your chain e-mail. Some don't work, one is a link to a site that just shows this same list, and the CNN one's that do work are from Lou Dobbs transcripts.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
http://www.npr.org/templates/story/story.php?storyId=95929699
Fresh Air from WHYY, October 21, 2008 · Nobel laureate Paul Krugman believes that increased public spending — akin to the efforts of the New Deal during the Great Depression — is the best way to escape the financial crisis and regain American global leadership.
In his Oct. 16 column in The New York Times, Krugman writes, "It's politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold."
Paul Krugman is a professor of economics and international affairs at Princeton University, and the recipient of the 2008 Nobel Prize in Economics. He has been an op-ed columnist for The New York Times since 1999. His most recent books are The Conscience of a Liberal and The Great Unraveling: Losing Our Way in the New Century.
especially ones with 26 year congressional careers ...
but, yeah ... I mean NOTHING they say is off limits ... not to mention the spinning ... everything is parced and cut to make someone's point
I'm the first one to admit the McCain "100 years in Iraq" comment was taken way out of proportion.
"I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
thanks for pointing that out.
he obviously has a focused education on economics but i dont see how increased spending will help the economy...that means we would have to print more money causing even greater inflation and decreased value of the dollar?
maybe im wrong