Barney Frank: "We need to increase spending"

pjalive21

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

jimed14

yes, leave out every instance of context ... that's great.

What, they need to increase spending on paper towels in the House coffee break room? :rolleyes:

SoonForgotten2

pjalive21 wrote:

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

Should be used to this after the past 8 years. And it sure as shit wouldn't be changing under McCain.

jeffbr

jimed14 wrote:

yes, leave out every instance of context ... that's great.

What, they need to increase spending on paper towels in the House coffee break room? :rolleyes:

I can't think of a context where I would be happy to hear those sentiments expressed.

JaneNY

pjalive21 wrote:

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

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.

mammasan

Barney Frank needs to be voted out. Just one of the many politicians, in both parties, who spend our money like there is no tomorrow.

jimed14

jeffbr wrote:

I can't think of a context where I would be happy to hear those sentiments expressed.

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".

blackredyellow

pjalive21 wrote:

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

Barney Frank is going to win the presidential election? Damn... I've been out of the loop.

pjalive21

jimed14 wrote:

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".

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)

pjalive21

blackredyellow wrote:

Barney Frank is going to win the presidential election? Damn... I've been out of the loop.

you dont think he is going to have some influence on Obama? seriously contribute something worthwhile to the discussion

digster

Run! The Socialists are coming!! Aaaahhhhh!!!!!!

jimed14

pjalive21 wrote:

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)

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.

blackredyellow

pjalive21 wrote:

you dont think he is going to have some influence on Obama?

Why would he? Has he just been named an economic adviser to the Obama team?

pjalive21 wrote:

seriously contribute something worthwhile to the discussion

...says the person who wrote this in another thread:

pjalive21 wrote:

all you Obama supporters are going to get what you righftully deserve, the only thing is that i will be punished too because this idiot when he becomes president will f**k us all over

you guys will be begging for Bush when Obama gets in office

digster

The problem with this idea is that there is still this strange idea that the Republicans are still a fiscally conservative party. I don't remember the last time this was the case, probably since before Reagan? The problem is Democrats raises taxes and continue spending, which is an unpopular position for the country at large. The problem with Republicans is that they cut taxes and continue spending, which any second-grader with a passing acquaintance with math can tell you makes absolutely no sense. It's why we went from a surplus to a deficit in eight years under a Republican president and a Republican congress for six of those eight years. And every independent analyst says McCain's plan would balloon the debt even more, and he's saying he'll balance the budget? Whole lot of BS there. If conservatives in Congress and in the White House were really fiscally conservative (for the most part), we'd have something to talk about.

SoonForgotten2

digster wrote:

The problem with this idea is that there is still this strange idea that the Republicans are still a fiscally conservative party. I don't remember the last time this was the case, probably since before Reagan? The problem is Democrats raises taxes and continue spending, which is an unpopular position for the country at large. The problem with Republicans is that they cut taxes and continue spending, which any second-grader with a passing acquaintance with math can tell you makes absolutely no sense. It's why we went from a surplus to a deficit in eight years under a Republican president and a Republican congress for six of those eight years. And every independent analyst says McCain's plan would balloon the debt even more, and he's saying he'll balance the budget? Whole lot of BS there. If conservatives in Congress and in the White House were really fiscally conservative (for the most part), we'd have something to talk about.

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.

Strangest Tribe

Yeah spending that's a big bad word.

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

DriftingByTheStorm

pjalive21 wrote:

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

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]

jeffbr

jimed14 wrote:

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 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.

inmytree

pjalive21 wrote:

i dont even think i need to comment on this.....

man the next 4 years is going to be pure hell

I heard Paul Krugman say the same thing tonight in Fresh Air on NPR....

pjalive21

inmytree wrote:

I heard Paul Krugman say the same thing tonight in Fresh Air on NPR....

what was his take on it?

prytoj

jimed14 wrote:

yes, leave out every instance of context ... that's great.

What, they need to increase spending on paper towels in the House coffee break room? :rolleyes:

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.

---

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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.