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  #31 (permalink)  
Old 08-24-2009, 04:29 PM
Lasher Lasher is offline
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Originally Posted by WordWaster View Post
my only problem with the stimulus was that it was not throughly examined to eliminate programs that were not designed to stimulate anything. too much pork made it into a bill that should have been above politics as usual.

but the majority of the bill was fine with me. folks that point out those parts that seem to do nothing to stimulate the economy are right to do so. but those that point out those parts and then say "the whole bill was a bad idea" are wrong. imho.

the bill wasn't perfect, but hopefully it was good enough. we will still have to wait and see if it was really worth it.
The huge amount of taxpayers' money that went into the phony "stimulus bill" has only been tapped for a small portion of its entirety, so what's going on with the main part of it that hasn't been allocated? Could it be a Chicago-type scam? Not our politicians!!!!!!!!
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  #32 (permalink)  
Old 08-24-2009, 04:33 PM
Lasher Lasher is offline
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Originally Posted by BleedingHeadKen View Post
Alright then. The whole bill was a bad idea, regardless of the relative worth of any part.




No we don't. Reasoned and logical conclusions inform us that prosperity cannot be achieved by creating more debt to alleviate the problems created by too much debt.
Obama is just behaving with our money like his people do all the time with it.
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  #33 (permalink)  
Old 08-24-2009, 04:40 PM
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WordWaster WordWaster is offline
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Originally Posted by BleedingHeadKen View Post
Well, this thread is *about* defending the stimulus. 1So far, you've declared that spending is good, but haven't explained why in any meaningful terms. 2There's good reason that I'm dismissive of your assertions: you haven't defended them except by leveling insults.


3You imply that employment is by default a good thing. Can you explain why it's good to divert resources to hire people to do things that don't produce wealth, or to destroy more wealth in the process of trying to create some?


4Many default. Many attempt to pay it off or negotiate a lower amount. What's your point? That taking the wealth that people produce and giving to people in debt will lead to prosperity? If they aren't spending that money and taking on more debt, by your assertions, that would hurt the economy. 5So now the government has to keep them employed, diverting resources to do it, so that they don't wind up defaulting on the debt and *gasp* saving money.



How would the national debt increase if money isn't being borrowed? Private debt isn't the "national debt." It is individually owned and does not belong to the nation or its government.
1.i am not writing a dissertation. i am giving opinions in general terms.
2. i have not leveled a single insult.
3. no. i will state for the record that i am not for parts of the bill which do not have a positive effect on manufacturing, infrastructure, or development.
4. no. my point was that your argument was invalid. you claimed that the stimulus was a bad idea because of debt; but your approach would have led to greater debt. you keep adding things after the fact that are irrelavant to your original argument and distort what i have said. how can i prove that? you argue that private debt is an important reason to not pass the stimulus in post 13, then you proceed to say that private debt is no big deal because the market will naturally take care of it in post 23.
5. this is not china. the stimulus is a temporary measure to ease the effects of the recession. not guaranteed employment for life.
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For the partisan, when he is engaged in a dispute, cares nothing about the rights of the question, but is anxious only to convince his hearers of his own assertions. -Socrates

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Originally Posted by 06AlphaGriot
WordWaster. You do not have even the first clue of what you are talking about.



follow the link - read the book
http://www.factcheck.org/unspun/

Last edited by WordWaster; 08-24-2009 at 04:51 PM.
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  #34 (permalink)  
Old 08-24-2009, 04:43 PM
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Originally Posted by Lasher View Post
This is not Britain. We are Americans, the best and most intelligent people in the whole world, and we don't deserve the way our money is being wasted by the idiot liberals in D.C. on the scum who are sucking up our resources.
a fine example of nationalism and partisan politics at its worst.
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Originally Posted by 06AlphaGriot
WordWaster. You do not have even the first clue of what you are talking about.



follow the link - read the book
http://www.factcheck.org/unspun/
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  #35 (permalink)  
Old 08-24-2009, 04:46 PM
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Default Uh huh...

I'm gonna go out on a limb here and guess that you're unemployed and receiving some sort of government assistance.
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  #36 (permalink)  
Old 08-24-2009, 04:50 PM
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I'm gonna go out on a limb here and guess that you're unemployed and receiving some sort of government assistance.
i am a nontraditional college student who does not recieve student aid (my family and i pay for it out of pocket) and who works part time at my family's small business. my major is political science with an empasis on china and minor in philosophy.
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For the partisan, when he is engaged in a dispute, cares nothing about the rights of the question, but is anxious only to convince his hearers of his own assertions. -Socrates

Quote:
Originally Posted by 06AlphaGriot
WordWaster. You do not have even the first clue of what you are talking about.



follow the link - read the book
http://www.factcheck.org/unspun/

Last edited by WordWaster; 08-24-2009 at 04:54 PM.
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  #37 (permalink)  
Old 08-24-2009, 04:53 PM
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Originally Posted by Lasher View Post
Obama is just behaving with our money like his people do all the time with it.
I'm not one to particularly blame Obama. He's a puppet like all the rest. McCain would have done the same thing.
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  #38 (permalink)  
Old 08-24-2009, 05:12 PM
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Originally Posted by WordWaster View Post
1.i am not writing a dissertation. i am giving opinions in general terms.
Ah, ok. Just opinions and assertions from you then.

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2. i have not leveled a single insult.
ludicrous, narrowminded, and dismissive

Quote:
3. no. i will state for the record that i am not for parts of the bill which do not have a positive effect on manufacturing, infrastructure, or development.
Somebody's gain, which you call a "positive effect" is somebody else's loss. So, will you go on record as saying that you are for harming some people, even if you don't know who or what they earn or how they earn it, in order to benefit others?

Quote:
4. no. my point was that your argument was invalid. you claimed that the stimulus was a bad idea because of debt;
Uh no, I asked if it's a good idea to use debt spending as a way to alleviate the problems of too much debt. The stimulus is a bad idea, not because of debt but because it is government allocation of resources to fix the problems of malinvestment orginally caused by government policy. It's like asking arsonist who set fire to your house to put out the fire for you and applauding his efforts to do so.

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but your approach would have led to greater debt.
I'm sorry, how is this possible? By all indications, people are paying off debt, saving money and even discharging debt (foreclosures and bankruptcy anyone?) The government has to borrow to pay for it's huge stimulus boondoggle; why would it have to borrow so much if it weren't going to spend?

Quote:
you keep adding things after the fact that are irrelavant to your original argument and distort what i have said. how can i prove that? you argue that private debt is an important reason to not pass the stimulus in post 13, then you proceed to say that private debt is no big deal because the market will naturally take care of it in post 23.
On the contrary, I think it is a huge deal, and using inflation and attempting to keep prices from falling and borrowing huge amounts and encouraging people to spend more money that they don't have isn't going to get us back to growth and prosperity.

Quote:
5. this is not china. the stimulus is a temporary measure to ease the effects of the recession. not guaranteed employment for life.
Except that it will make things worse than they need to be, and if there is no recovery, the government will have to continue to employ people to dig holes and fill them up again.
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  #39 (permalink)  
Old 08-24-2009, 05:23 PM
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Originally Posted by WordWaster View Post
yes, a few days to weed out the garbage would have been best.

no, i do believe that fast action was required.

no, again a few days should have been taken to review and trim the bill
Yeah, me too. I think the days to go through it with a fine tooth comb could have coincided with ideological debate as well.

As in, how exactly does it stimulate the economy when the USG increases spending and injects money, i.e. 'Borrow and spend'?

Dan Mitchell of the Cato Intitute:

Keynesian Economics Is Wrong: Bigger Gov't Is Not Stimulus

Quote:
Based on a theory known as Keynesianism, politicians are resuscitating the notion that more government spending can stimulate an economy. This mini-documentary produced by the Center for Freedom and Prosperity Foundation examines both theory and evidence and finds that allowing politicians to spend more money is not a recipe for better economic performance.
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  #40 (permalink)  
Old 08-24-2009, 05:43 PM
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and the economy is improving lol
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