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Old 02-09-2009, 05:48 AM
Micky Jay Jagger Micky Jay Jagger is offline
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Originally Posted by JP5 View Post
The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520from EVERY FAMILY IN AMERICA.
If I could create millions of jobs by merely borrowing $10,520, I would do it in a heartbeat. What do you have against creating jobs?

Last edited by Micky Jay Jagger; 02-09-2009 at 05:49 AM.
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  #42 (permalink)  
Old 02-09-2009, 05:57 AM
Micky Jay Jagger Micky Jay Jagger is offline
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$142 Billion in Federal education funds...
What do you have against education?
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Old 02-09-2009, 05:58 AM
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What do you have against education?
righties don't like people to be educated for some reason.
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Old 02-09-2009, 06:00 AM
Micky Jay Jagger Micky Jay Jagger is offline
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No Jobs: While they have not been able to support these claims, Pelosi/Obama promise between 3 & 4 million jobs, yet House Tax Committee staff can’t estimate even ONE job will be created.
The CBO says millions of jobs will be created.
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Old 02-09-2009, 06:29 AM
Micky Jay Jagger Micky Jay Jagger is offline
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Make the 2001 and 2003 Tax Cuts permanent, instead of raising taxes in 2011; Reduce Marginal Tax Rates for Individuals and Businesses by 10% creating new jobs. Adopting just this one proposal would create between 500,000 and 1 million jobs in one year.
How many jobs did the 2001 and 2003 tax cut create in 2008?
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Old 02-09-2009, 09:23 AM
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When it turns out the CBO doesn't actually say what is claimed, quote the extreme Heritage Foundation. It's nice these ideological dunces have marginal influence these days.
This reminds me of thet JLB poster or whatever his name was who worked for the RNC.

He would "coincidently" put up graphs and diagrams within seconds in response to someone else because he had nothing.
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Old 02-09-2009, 09:37 AM
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Too much of the spending comes when it won't help us. And the Boston Globe said the same thing, interest expense on the "stimulus" will slow future GDP growth. This bill is filled with pork and the same speak out of both sides of their mouths dems who condemned Bush spending support this pork filled bill.
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Old 02-09-2009, 09:46 AM
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Too much of the spending comes when it won't help us. And the Boston Globe said the same thing, interest expense on the "stimulus" will slow future GDP growth. This bill is filled with pork and the same speak out of both sides of their mouths dems who condemned Bush spending support this pork filled bill.
Yeah, even though this has been debunked already? Parrot much?
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Old 02-09-2009, 09:54 AM
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Originally Posted by Micky Jay Jagger View Post
CBO’s basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollar’s. CBO has incorporated both more and
less crowding out into its range of estimates of the long-run effects of the Senate legislation. The CBO's estimates of the long run effects of the Senate legislation are:
On the up side: A 1.2 percent to 3.6 percent increase in GDP (relative to the CBO baseline forecast of GDP) for the fourth quarter of 2010, plus 1.3 million to 3.9 more million jobs (than the baseline forecast of total jobs) for the fourth quarter of 2010

On the down side: A one to three tenths of one percent decrease in the CBO base line estimate of GDP for the fourth quarter of 2019.
What you seem to fail to understand is that the increase in GDP generated from deficit spending is very short term while the loss of GDP in the future is long term. In short, a reduction of 1% per year in the GDP means about 1.5 million or more workers will be unemployed and that isn't for one year or two years or even three years but instead it is basically forever. When you count "man-years" of labor the negative tradeoff becomes apparent.
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Old 02-09-2009, 10:58 AM
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Yeah, even though this has been debunked already? Parrot much?
No it hasn't been debunked. Left wing kool aid much?
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