I really didnt want this to be about the possibility, ludicracy, likelihood or rapid onset of doom and gloom.
Only Elwood and a few others have taken the time to answer the freaking question so I will go ahead and throw my two cents in on both regards.
>>
The fact that your hypothetical included a depression may have had something to do with that. If there was a true depression (pretty unlikely), the last thing most people will be worrying about is the market for slabbed moderns, etc.
The last thing that MOST people will be worrying about is coins. IF you have prepared properly however, I think opportunity abounds from a collector standpoint.
To answer your question: Gold would be the only savior FOR AMERICANS. As a coin collector, Rarities and bullion, nothing else, if you want to keep/increase your welath. If the dollar keeps falling, overseas patrons will be wealthier vs. a U.S. Citizen. I have developments going on in FLorida. Picking up again, and guess what???
The buyers are Germans.
In a gloom and doom scenario that becomes real, there are always those that profit from it...
<< <i>The economy has weathered this crisis and won't slip into recession yet. However, around next summer all bets are off. Recessions are inevitable being part of the normal economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the wrong moment and by derivates, which no one fully understands the impact of. It'll probably be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
<< <i>The economy has weathered this crisis and won't slip into recession yet. However, around next summer all bets are off. Recessions are inevitable being part of the normal economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the wrong moment and by derivates, which no one fully understands the impact of. It'll probably be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
Cutting taxes has proven time and again to raise revenue. So, you are saying that you think passing a smaller expense onto our children is a bad thing and you wish we could have passed a bigger expense. Given who you are and what you stand for, this actually makes sense.
Collector and Researcher of Liberty Head Nickels. ANA LM-6053
<< <i>The economy has weathered this crisis and won't slip into recession yet. However, around next summer all bets are off. Recessions are inevitable being part of the normal economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the wrong moment and by derivates, which no one fully understands the impact of. It'll probably be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
... So, you are saying that you think passing a smaller expense onto our children is a bad thing and you wish we could have passed a bigger expense. Given who you are and what you stand for, this actually makes sense. >>
No that isn't at all what I said, and anyone with reading comprehension can see that. Under Bush nondefense, discretionary spending has increased at a rate not seen since the LBJ administration. Bush is the first president in the history of the Republic to cut taxes in time of war. Those are the facts.
Who am I, and what do I stand for, in your opinion?
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
Wrong - what produced revenue increases was the destruction of the value of the dollar. Lower taxes have nothing to do with a lower Federal deficit. Lower spending does, however - or did the neocons conveniently forget that fact?
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
Wrong - what produced revenue increases was the destruction of the value of the dollar. Lower taxes have nothing to do with a lower Federal deficit. Lower spending does, however - or did the neocons conveniently forget that fact? >>
Well what else increases "revenues" is lowering the tax "rate" but eliminating many tax shelters and write off's ala reagan, thereby collecting more in taxes as in giant tax INCREASE. Also called "sleight of hand".
Denial is a strange thing. Both democrat and republican politicians seem to live in this type of dreamworld. Both are tax and spenders, neither have morals and the sheeple keep following them expecting different results.
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
I read your link. There is nothing in that June article that concludes tax cuts are responsible for the economic expansion that has produced higher revenues. George H. W. Bush "the wiser" coined the term "Voodoo Economics" to describe Ronald Reagan's economic program with regards to tax cuts generating revenue. Dollar for dollar the incremental increase in revenue from economic expanision attributed to the tax cuts is never enough to cover the reduction in revenue from the tax cut.
Ronald Reagan realized his mistake by the middle of his first term and subsequently signed the largest tax increase. A complete reversal. The problem is this Admin. continues to make the same mistake. The dollar is tanking because in 6 years this Admin. had doubled the Federal Debt. George W. Bush has borrowed more money than all of the presidents who proceed him combined! The Trade Deficit under this Admin. has widened, which also affects the declining dollar.
There are tax cuts that can be helpful if targeted properly and at the middle and lower income classes. I can assure you that the $300 tax cut that I have benefited from each year has been eaten up by the higher cost of oil due to this Admin's. unprecedented, unprovoked pre-emptive war on Iraq. Bombing Iraq in response to 9/11 is the equivalent of Bombing Mexico in response to Pearl Harbor.
"Please help us keep these boards professional and informative…. And fun." - DW --------------------------------------------------------------------------------------------------------------------------------------- BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002). Therefore the data do not support the conclusion that lower taxes=lower deficit. Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect. Don
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002). Therefore the data do not support the conclusion that lower taxes=lower deficit. Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect. Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah!
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002). Therefore the data do not support the conclusion that lower taxes=lower deficit. Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect. Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah! >>
So what? Clinton presided over the longest period of peace and prosperity in the history of this nation. He handed over to Bush the largest budget surplus in history. Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! The dollar has tanked and the economy is on the brink due to the current debt crisis. And Clilnton got some on the side. Booyah!
"Please help us keep these boards professional and informative…. And fun." - DW --------------------------------------------------------------------------------------------------------------------------------------- BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
The economy is currently teetering on a recession. We've seen it hit Real Estate, its currently hitting the credit markets, equities are next. Coins and collectibles will follow.
The middle class consumer is tapped out. Easy credit and lower taxes fuel growth and spending. Easy credit is gone and materially higher taxes are coming. Do the math....
<< <i>Assuming we go into a significant recession, followed by a depression....
then what?
Wasn't that the original question? >>
It was. Its not a super fun query though.
In the extremely unlikely event that we experience a depression, I imagine most of us will have more significant concerns than the market value of our coins. Don
Girls, girls! Please, one at a time, everyone will get their chance. My, is it that time for all of you? Well, that does happen in some households. Course, with a day like today, it's easy to see why you're so snippy
<< <i>Girls, girls! Please, one at a time, everyone will get their chance. My, is it that time for all of you? Well, that does happen in some households. Course, with a day like today, it's easy to see why you're so snippy
<< <i> I own a lot of ammunition. I will need it for the doom and gloom being forecast that everyone will be out in the streets fighting to survive. >>
And you can melt your silver to cast more bullets. Which'll come in handy if there's an outbreak of lycanthropy and werewolves roam the streets along with the rest of the dispossessed mobs. >>
<< <i>Well, all the signs are there. GDP growth of 4.9% in the 3rd quarter, low inflation, low interest rates, job growth every month, federal deficit declining...It's terrible. Sell, Forrest, sell. >>
Says who? Man I wish I could give myself my own grades at school or evaluations at work just like GWB and his band of economic spinmeisters...
They remind me of the band playing on the Titanic. So the question is, are you gonna get on a raft or are you gonna dance?
<< <i>The economy has weathered this crisis and won't slip into recession yet. However, around next summer all bets are off. Recessions are inevitable being part of the normal economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the wrong moment and by derivates, which no one fully understands the impact of. It'll probably be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
As this isn't the Open Forum, this is my only response to you. STFU and go play in traffic.
<< <i>Well, all the signs are there. GDP growth of 4.9% in the 3rd quarter, low inflation, low interest rates, job growth every month, federal deficit declining...It's terrible. Sell, Forrest, sell. >>
Says who? Man I wish I could give myself my own grades at school or evaluations at work just like GWB and his band of economic spinmeisters...
They remind me of the band playing on the Titanic. So the question is, are you gonna get on a raft or are you gonna dance? >>
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002). Therefore the data do not support the conclusion that lower taxes=lower deficit. Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect. Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah! >>
So what? Clinton presided over the longest period of peace and prosperity in the history of this nation. He handed over to Bush the largest budget surplus in history. Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! The dollar has tanked and the economy is on the brink due to the current debt crisis. And Clilnton got some on the side. Booyah! >>
<< <i>The economy has weathered this crisis and won't slip into recession yet. However, around next summer all bets are off. Recessions are inevitable being part of the normal economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the wrong moment and by derivates, which no one fully understands the impact of. It'll probably be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
As this isn't the Open Forum, this is my only response to you. STFU and go play in traffic. >>
Nice refutation of my point using facts and logic.
I wasn't addressing you, unless the koolaide reference applies and the first mention of party politics in this thread is quoted above (not made by me).
Aren't you the poster who would run to the mods crying about the presence of inappropriate topics and posts in the OF (also not made by me) due to the potential presence of children here? Is your post appropriate for a child to read?
You can always count on certain reactions from certain types when threads like this are posted. It probably is not a great idea to post a topic that is obviously fodder for OT replies.
But I must say it is entertaining.
"Please help us keep these boards professional and informative…. And fun." - DW --------------------------------------------------------------------------------------------------------------------------------------- BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
I admit to not being educated in the economic topics being discussed to a level that would add to the interesting information I have read here. I would answer that as a collector, I don't expect that a depression or recession would have a negative impact, because it is a COLLECTION, and the primary purpose of my collection is not investment. I do have an economic question, though: very wealthy U.S. citizens that are respected for their knowledge and patriotism,and have a stated interest in the growth of the U.S. economy, are actively investing in a number of the countries mentioned by others. Are these individuals incorrect in their actions/investment/patriotism? With Respect,without Malice and interested in commentary. Regards, John Curlis
<< <i>Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! >>
Yes but when you consider that the primary policy objective of Bush-Cheney & Co. Inc. has been the empowerment and enrichment of themselves and their friends, their adminstration has been a smashing success.
<< <i>Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! >>
Yes but when you consider that the primary policy objective of Bush-Cheney & Co. Inc. has been the empowerment and enrichment of themselves and their friends, their adminstration has been a smashing success.
CG >>
I see the light!
"Please help us keep these boards professional and informative…. And fun." - DW --------------------------------------------------------------------------------------------------------------------------------------- BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
What is up man? Why the hate? A bit unappropriate isnt it?
J
Edited to add...inappropriate. >>
You should have seen his post on the OF where he equated understanding the correct context of the star "wolf359" in the Star Trek series with the ability to distinguish "good guys" from "terrorists". Really.
Comments
wrong moment .....
<< Well,
I really didnt want this to be about the possibility, ludicracy, likelihood or rapid onset of doom and gloom.
Only Elwood and a few others have taken the time to answer the freaking question so I will go ahead and throw my two cents in on both regards.
>>
The fact that your hypothetical included a depression may have had something to do with that. If there was a true depression (pretty unlikely), the last thing most people will be worrying about is the market for slabbed moderns, etc.
siliconvalleycoins.com
The buyers are Germans.
In a gloom and doom scenario that becomes real, there are always those that profit from it...
<< <i>The economy has weathered this crisis and won't slip into recession yet. However,
around next summer all bets are off. Recessions are inevitable being part of the normal
economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the
wrong moment and by derivates, which no one fully understands the impact of. It'll probably
be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide.
<< <i>
<< <i>The economy has weathered this crisis and won't slip into recession yet. However,
around next summer all bets are off. Recessions are inevitable being part of the normal
economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the
wrong moment and by derivates, which no one fully understands the impact of. It'll probably
be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
Cutting taxes has proven time and again to raise revenue. So, you are saying that you think passing a smaller expense onto our children is a bad thing and you wish we could have passed a bigger expense. Given who you are and what you stand for, this actually makes sense.
<< <i>
<< <i>
<< <i>The economy has weathered this crisis and won't slip into recession yet. However,
around next summer all bets are off. Recessions are inevitable being part of the normal
economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the
wrong moment and by derivates, which no one fully understands the impact of. It'll probably
be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
... So, you are saying that you think passing a smaller expense onto our children is a bad thing and you wish we could have passed a bigger expense. Given who you are and what you stand for, this actually makes sense. >>
No that isn't at all what I said, and anyone with reading comprehension can see that.
Under Bush nondefense, discretionary spending has increased at a rate not seen since the LBJ administration.
Bush is the first president in the history of the Republic to cut taxes in time of war.
Those are the facts.
Who am I, and what do I stand for, in your opinion?
<< <i>...Given who you are and what you stand for, this actually makes sense. >>
I'll ask again-who am I, and what do I stand for?
Oh, I get it now. A lame attempt at a drive by personal insult by one without enough integrity to respond. Figures.
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>An Inconvenient Truth: Federal deficit sharply lower as revenue growth greatly exceeds expense growth.
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
Wrong - what produced revenue increases was the destruction of the value of the dollar. Lower taxes have nothing to do with a lower Federal deficit. Lower spending does, however - or did the neocons conveniently forget that fact?
<< <i>
<< <i>An Inconvenient Truth: Federal deficit sharply lower as revenue growth greatly exceeds expense growth.
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
Wrong - what produced revenue increases was the destruction of the value of the dollar. Lower taxes have nothing to do with a lower Federal deficit. Lower spending does, however - or did the neocons conveniently forget that fact?
Well what else increases "revenues" is lowering the tax "rate" but eliminating many tax shelters and write off's ala reagan, thereby collecting more in taxes as in giant tax INCREASE. Also called "sleight of hand".
Denial is a strange thing. Both democrat and republican politicians seem to live in this type of dreamworld. Both are tax and spenders, neither have morals and the sheeple keep following them expecting different results.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>An Inconvenient Truth: Federal deficit sharply lower as revenue growth greatly exceeds expense growth.
Tax cuts produced revenue increases, again. Lower taxes = lower federal deficit. It shall always be so. >>
I read your link. There is nothing in that June article that concludes tax cuts are responsible for the economic expansion that has produced higher revenues. George H. W. Bush "the wiser" coined the term "Voodoo Economics" to describe Ronald Reagan's economic program with regards to tax cuts generating revenue. Dollar for dollar the incremental increase in revenue from economic expanision attributed to the tax cuts is never enough to cover the reduction in revenue from the tax cut.
Ronald Reagan realized his mistake by the middle of his first term and subsequently signed the largest tax increase. A complete reversal. The problem is this Admin. continues to make the same mistake. The dollar is tanking because in 6 years this Admin. had doubled the Federal Debt. George W. Bush has borrowed more money than all of the presidents who proceed him combined! The Trade Deficit under this Admin. has widened, which also affects the declining dollar.
There are tax cuts that can be helpful if targeted properly and at the middle and lower income classes. I can assure you that the $300 tax cut that I have benefited from each year has been eaten up by the higher cost of oil due to this Admin's. unprecedented, unprovoked pre-emptive war on Iraq. Bombing Iraq in response to 9/11 is the equivalent of Bombing Mexico in response to Pearl Harbor.
---------------------------------------------------------------------------------------------------------------------------------------
BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002).
Therefore the data do not support the conclusion that lower taxes=lower deficit.
Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect.
Don
<< <i>
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002).
Therefore the data do not support the conclusion that lower taxes=lower deficit.
Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect.
Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah!
<< <i>
<< <i>
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002).
Therefore the data do not support the conclusion that lower taxes=lower deficit.
Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect.
Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah!
So what? Clinton presided over the longest period of peace and prosperity in the history of this nation. He handed over to Bush the largest budget surplus in history. Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! The dollar has tanked and the economy is on the brink due to the current debt crisis. And Clilnton got some on the side. Booyah!
---------------------------------------------------------------------------------------------------------------------------------------
BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
The middle class consumer is tapped out. Easy credit and lower taxes fuel growth and spending. Easy credit is gone and materially higher taxes are coming. Do the math....
then what?
Wasn't that the original question?
<< <i>Assuming we go into a significant recession, followed by a depression....
then what?
Wasn't that the original question? >>
It was. Its not a super fun query though.
In the extremely unlikely event that we experience a depression, I imagine most of us will have more significant concerns than the market value of our coins.
Don
The Hill: Dems cave on spending!
USA Today Editorial: Surge's Success Holds Chance To Seize The Moment In Iraq – Democrats “Lost in Time”
Wall Street Journal: Intraparty Feuds Dog Democrats, Stall Congress
Washington Post: Democrats Bow to Bush's Demands in House Spending Bill
Washington Post: Dems Blame Each Other For Failures
And remember, the op says he didn't want no politics, so shame on yuz!
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Girls, girls! Please, one at a time, everyone will get their chance. My, is it that time for all of you? Well, that does happen in some households. Course, with a day like today, it's easy to see why you're so snippy
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>
<< <i> I own a lot of ammunition. I will need it for the doom and gloom being forecast that everyone will be out in the streets fighting to survive. >>
And you can melt your silver to cast more bullets. Which'll come in handy if there's an outbreak of lycanthropy and werewolves roam the streets along with the rest of the dispossessed mobs. >>
<< <i>Well, all the signs are there. GDP growth of 4.9% in the 3rd quarter, low inflation, low interest rates, job growth every month, federal deficit declining...It's terrible. Sell, Forrest, sell. >>
Says who? Man I wish I could give myself my own grades at school or evaluations at work just like GWB and his band of economic spinmeisters...
They remind me of the band playing on the Titanic. So the question is, are you gonna get on a raft or are you gonna dance?
<< <i>
<< <i>The economy has weathered this crisis and won't slip into recession yet. However,
around next summer all bets are off. Recessions are inevitable being part of the normal
economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the
wrong moment and by derivates, which no one fully understands the impact of. It'll probably
be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
As this isn't the Open Forum, this is my only response to you. STFU and go play in traffic.
Free Trial
<< <i>
<< <i>Well, all the signs are there. GDP growth of 4.9% in the 3rd quarter, low inflation, low interest rates, job growth every month, federal deficit declining...It's terrible. Sell, Forrest, sell. >>
Says who? Man I wish I could give myself my own grades at school or evaluations at work just like GWB and his band of economic spinmeisters...
They remind me of the band playing on the Titanic. So the question is, are you gonna get on a raft or are you gonna dance? >>
Poof time. Say bye-bye
Free Trial
<< <i>
<< <i>
<< <i>
<< <i>... Lower taxes = lower federal deficit. It shall always be so. >>
Taxes were higher from 1999-2001, and federal spending was lower. The budget was in surplus in those years, and is in deficit currently (and more importantly has been in deficit each and every year since 2002).
Therefore the data do not support the conclusion that lower taxes=lower deficit.
Edited to add my opinion that irresponsible spending has played a large role in why your conclusion is incorrect.
Don >>
Yeah, but Clinton was getting some on the side so that doesn't count. Nah nah nah!
So what? Clinton presided over the longest period of peace and prosperity in the history of this nation. He handed over to Bush the largest budget surplus in history. Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! The dollar has tanked and the economy is on the brink due to the current debt crisis. And Clilnton got some on the side. Booyah! >>
Sounds like somebody is hard wired to CNN.
What is up man? Why the hate? A bit unappropriate isnt it?
J
Edited to add...inappropriate.
siliconvalleycoins.com
<< <i>Wolf,
What is up man? Why the hate? A bit unappropriate isnt it?
J
Edited to add...inappropriate. >>
That wolfie - he's a hater! Now he's off running to the mods to snitch on all of us off topic yahoos...
<< <i>
<< <i>
<< <i>The economy has weathered this crisis and won't slip into recession yet. However,
around next summer all bets are off. Recessions are inevitable being part of the normal
economic cycle, and currently overdue looking at historical trends.
The coming recession will be deepened by the Democrats in Congress raising taxes at exactly the
wrong moment and by derivates, which no one fully understands the impact of. It'll probably
be 2010 before the mess is straightened out, and the economy is growing again. >>
Gosh, cutting taxes in time of war and passing the expense on to our children (who obviously will have to pay higher taxes to cover the interest) while increasing nondefense, discretionary spending at a rate not seen under any administration since LBJ, was just so noble, so repsonsible.
Talk about koolaide. >>
As this isn't the Open Forum, this is my only response to you. STFU and go play in traffic. >>
Nice refutation of my point using facts and logic.
I wasn't addressing you, unless the koolaide reference applies
Aren't you the poster who would run to the mods crying about the presence of inappropriate topics and posts in the OF (also not made by me) due to the potential presence of children here? Is your post appropriate for a child to read?
You can always count on certain reactions from certain types when threads like this are posted. It probably is not a great idea to post a topic that is obviously fodder for OT replies.
But I must say it is entertaining.
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BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! >>
Yes but when you consider that the primary policy objective of Bush-Cheney & Co. Inc. has been the empowerment and enrichment of themselves and their friends, their adminstration has been a smashing success.
CG
<< <i>
<< <i>Bush squandered America's goodwill worldwide after 9/11 by "going it alone" in Iraq. His policies have fleaced the treasury and given huge tax breaks to the wealthy, while his enormous deficits have increased the Federal debt by $3 Trillion! >>
Yes but when you consider that the primary policy objective of Bush-Cheney & Co. Inc. has been the empowerment and enrichment of themselves and their friends, their adminstration has been a smashing success.
CG >>
I see the light!
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BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>Wolf,
What is up man? Why the hate? A bit unappropriate isnt it?
J
Edited to add...inappropriate. >>
You should have seen his post on the OF where he equated understanding the correct context of the star "wolf359" in the Star Trek series with the ability to distinguish "good guys" from "terrorists". Really.
That was oddly appropriate, given the source.