Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Ed & Dave Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 02-01-2010, 05:39 PM  
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $5640
Clyburn: 'We've got to spend our way out of this recession'

The U.S. government must spend its way out of the recession, the Democrats' third-ranking House leader stressed Monday.

Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn't help alleviate the recession.

"We've got to make some decisions here as to what's in the best interests of our country going forward," Clyburn said during an appearance on Fox News. "And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work."

"We're not going to save our way out of this recession," the majority whip added. "We've got to spend our way out of this recession, and I think most economists know that."

Obama's budget, which was unveiled Monday morning, calls for $3.8 trillion in spending for 2010, but is projected to cause a $1.27 deficit.

A number of key Democrats in Congress have responded to the proposal, including House Appropriations Committee Chairman David Obey (D-Wis.), who said lawmakers would seek to abide by spending freezes within the budget, but seek to extend caps to defense and national security spending, too.

Some other Democrats have worried that without expanded spending on social programs and other elements of the budget, some people hit hardest by the recession would be disadvantaged by the budget.

Clyburn suggested that talk of reducing the deficit was moot as long as the economy remained sluggish in the foreseeable future.

"You're not going to bring down the deficits, you're not going to eliminate these problems without growing this economy," he said. "And you're not going to grow the economy by wishing it; you've got to invest in it. And that's what we're doing with this budget."

http://thehill.com/blogs/blog-briefi...this-recession
Posts: 65,645
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2010, 06:00 PM   #2
KILLER_CLOWN KILLER_CLOWN is offline
Be HEALED!!!!!!!
 
KILLER_CLOWN's Avatar
 

Join Date: Feb 2002
Location: Fascist State
Casino cash: $5000
Everytime i hear this line i cringe and brace for impact.
__________________
"Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father ... And then will I profess unto them, I never knew you: depart from me, ye that work iniquity."

"If the people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson
Posts: 24,192
KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.
  Reply With Quote
Old 02-02-2010, 06:21 AM   #3
The Mad Crapper The Mad Crapper is offline
Banned
 

Join Date: Dec 2009
Location: Sea of Green 23.4°
Casino cash: $5000
We'll be Zimbabwe in no time.

Posts: 8,657
The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.
  Reply With Quote
Old 02-02-2010, 06:51 AM   #4
Ebolapox Ebolapox is offline
remember, remember
 
Ebolapox's Avatar
 

Join Date: Jul 2002
Casino cash: $5234
really? REALLY? jesus ****ing CHRIST the american people are ****ing retarded--why do we keep electing these morons, anyway (that includes those to the right side of the isle as well)
Posts: 25,482
Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.
  Reply With Quote
Old 02-02-2010, 07:49 AM   #5
BucEyedPea BucEyedPea is offline
BucPatriot
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $6360
I think the American people don't like it either. These are the elitists talking about spending more.
__________________
Posts: 57,128
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 02-02-2010, 08:02 AM   #6
Jenson71 Jenson71 is offline
fides quaerens intellectum
 
Jenson71's Avatar
 

Join Date: Oct 2003
Location: Iowa
Casino cash: $5000
That's basically my understanding of a significant part of Keynesian economics.
Posts: 5,342
Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-02-2010, 08:12 AM   #7
DJ's left nut DJ's left nut is offline
Gonna take a break for awhile.
 
DJ's left nut's Avatar
 

Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $5000
Quote:
Originally Posted by Jenson71 View Post
That's basically my understanding of a significant part of Keynesian economics.
If Keynesian economics has any merit (arguable), it still won't fly in this environment.

The idea is to stimulate the economy through 'adding' wealth through government spending (see: turning on the presses). Unfortunately, consumer confidence is so low that no amount of government pressure is going to encourage the rampant consumerism needed to pull the economy back on line. Furthermore, Chairman Obamao has business leaders so gunshy that we aren't getting much in the way of private sector spending (which the gov't whackos seem to forget is still the lynchpin of Keynsian economics; gov't spending is just the starter motor for the large block under the hood).

In this environment this is nothing more than more platitudes and handouts; just another political parlor trick designed to devalue accumulated wealth and save some face for the Democrats.
__________________
If you can't draw a crowd, draw dicks on the wall.

2013 Adopt-A-Chief: AJ Jenkins, WR #13
Posts: 19,563
DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.
  Reply With Quote
Old 02-02-2010, 08:14 AM   #8
ChiefaRoo ChiefaRoo is offline
Nite Nite
 
ChiefaRoo's Avatar
 

Join Date: Sep 2005
Location: Austin,TX
Casino cash: $5025
Quote:
Originally Posted by Jenson71 View Post
That's basically my understanding of a significant part of Keynesian economics.
Don't try to legitimize this crap. The interest the US is going to be paying on its debt will cripple us as a nation if our country doesn't start making fiscally sound decisions again.
Posts: 10,109
ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.
  Reply With Quote
Old 02-02-2010, 08:15 AM   #9
ChiefaRoo ChiefaRoo is offline
Nite Nite
 
ChiefaRoo's Avatar
 

Join Date: Sep 2005
Location: Austin,TX
Casino cash: $5025
Quote:
Originally Posted by DJ's left nut View Post
If Keynesian economics has any merit (arguable), it still won't fly in this environment.

The idea is to stimulate the economy through 'adding' wealth through government spending (see: turning on the presses). Unfortunately, consumer confidence is so low that no amount of government pressure is going to encourage the rampant consumerism needed to pull the economy back on line. Furthermore, Chairman Obamao has business leaders so gunshy that we aren't getting much in the way of private sector spending (which the gov't whackos seem to forget is still the lynchpin of Keynsian economics; gov't spending is just the starter motor for the large block under the hood).

In this environment this is nothing more than more platitudes and handouts; just another political parlor trick designed to devalue accumulated wealth and save some face for the Democrats.
This is an excellent post.
Posts: 10,109
ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.ChiefaRoo would the whole thing.
  Reply With Quote
Old 02-02-2010, 08:22 AM   #10
BucEyedPea BucEyedPea is offline
BucPatriot
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $6360
Quote:
Originally Posted by DJ's left nut View Post
If Keynesian economics has any merit (arguable), it still won't fly in this environment.

The idea is to stimulate the economy through 'adding' wealth through government spending (see: turning on the presses). Unfortunately, consumer confidence is so low that no amount of government pressure is going to encourage the rampant consumerism needed to pull the economy back on line. Furthermore, Chairman Obamao has business leaders so gunshy that we aren't getting much in the way of private sector spending (which the gov't whackos seem to forget is still the lynchpin of Keynsian economics; gov't spending is just the starter motor for the large block under the hood).

In this environment this is nothing more than more platitudes and handouts; just another political parlor trick designed to devalue accumulated wealth and save some face for the Democrats.
In one of my Austrian economics books they talk about how there are times when the govt spending still won't lead to more demand, increased velocity of money to move an economy. Not that the latter is exactly a good thing either because that just means the velocity is the attempt to get rid of bad money faster—what Keynesians think is a good thing and a sign of increased production. Lol what morons. Intelligent people actually believe that crap.
__________________
Posts: 57,128
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 02-02-2010, 08:47 AM   #11
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $5832
Quote:
Originally Posted by DJ's left nut View Post
If Keynesian economics has any merit (arguable), it still won't fly in this environment.

The idea is to stimulate the economy through 'adding' wealth through government spending (see: turning on the presses). Unfortunately, consumer confidence is so low that no amount of government pressure is going to encourage the rampant consumerism needed to pull the economy back on line. Furthermore, Chairman Obamao has business leaders so gunshy that we aren't getting much in the way of private sector spending (which the gov't whackos seem to forget is still the lynchpin of Keynsian economics; gov't spending is just the starter motor for the large block under the hood).

In this environment this is nothing more than more platitudes and handouts; just another political parlor trick designed to devalue accumulated wealth and save some face for the Democrats.
Keynes only advocated increased government spending as a temporary measure to counteract troughs in the business cycle. He never said it adds wealth and said it is undesirable to have government spending be an outlet for growth for an extended period of time.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 17,317
KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.
  Reply With Quote
Old 02-02-2010, 08:49 AM   #12
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $5832
Quote:
Originally Posted by BucEyedPea View Post
In one of my Austrian economics books they talk about how there are times when the govt spending still won't lead to more demand, increased velocity of money to move an economy. Not that the latter is exactly a good thing either because that just means the velocity is the attempt to get rid of bad money faster—what Keynesians think is a good thing and a sign of increased production. Lol what morons. Intelligent people actually believe that crap.
If you actually understood Keynes then you wouldn't butcher his theories like this. The goal of Keynesian spending isn't to increase demand but to reduce troughs and Keynes only advocated doing it for short periods of time.

The fact that you still don't understand how the velocity of money works doesn't surprise me.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 17,317
KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.
  Reply With Quote
Old 02-02-2010, 08:51 AM   #13
DJ's left nut DJ's left nut is offline
Gonna take a break for awhile.
 
DJ's left nut's Avatar
 

Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $5000
Quote:
Originally Posted by KC native View Post
Keynes only advocated increased government spending as a temporary measure to counteract troughs in the business cycle. He never said it adds wealth and said it is undesirable to have government spending be an outlet for growth for an extended period of time.
Correct.

You seem to realize that; anyone that says government is engaging in Keynsianism right now surely doesn't (i.e. Jenson).

Like I said, Keynes saw gov't spending as the starter motor; Washington is not treating it as such.

You're conflating what Keynes meant with what Washington's doing and in so doing have proven my point for me - there's nothing 'Keynesian' about what Clyburn et al., are up to.
__________________
If you can't draw a crowd, draw dicks on the wall.

2013 Adopt-A-Chief: AJ Jenkins, WR #13
Posts: 19,563
DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.
  Reply With Quote
Old 02-02-2010, 08:54 AM   #14
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $5832
Quote:
Originally Posted by DJ's left nut View Post
Correct.

You seem to realize that; anyone that says government is engaging in Keynsianism right now surely doesn't (i.e. Jenson).

Like I said, Keynes saw gov't spending as the starter motor; Washington is treating it as such.

You're conflating what Keynes meant with what Washington's doing and in so doing have proven my point for me - there's nothing 'Keynesian' about what Clyburn et al., are up to.
Not at all. The government has been trying to stop the economy from driving off a cliff. So far they have done a decent job. The problem is that they need to start easing off the throttle.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 17,317
KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.
  Reply With Quote
Old 02-02-2010, 09:01 AM   #15
DJ's left nut DJ's left nut is offline
Gonna take a break for awhile.
 
DJ's left nut's Avatar
 

Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $5000
Quote:
Originally Posted by KC native View Post
Not at all. The government has been trying to stop the economy from driving off a cliff. So far they have done a decent job. The problem is that they need to start easing off the throttle.
Even presuming that they've done it right thus far, they certainly appear to have their heels to the floorboard, no?
__________________
If you can't draw a crowd, draw dicks on the wall.

2013 Adopt-A-Chief: AJ Jenkins, WR #13
Posts: 19,563
DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 11:21 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.