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Motley Fool weighs in on the budget crisis - 2/15/2011 5:51:49 PM

DarkSteven

Posts: 28072
Joined: 5/2/2008
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http://www.fool.com/investing/general/2011/02/02/how-the-surplus-became-a-deficit.aspx

Ten years ago, we had a budget surplus. Now we're staring at debt.

The Fool attributes this to:

Tax cuts
A recession
Two wars that we have to pay for

In other words, the defining moments of the Bush Presidency (although the recession wasn't his fault entirely).

_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

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Post #: 1

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 6:31:01 PM

outhere69

Posts: 1302
Joined: 1/25/2011
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Yup, time to pay up.

(in reply to DarkSteven)

Post #: 2

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 6:35:19 PM

PyrotheClown

Posts: 1950
Joined: 5/18/2009
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Nu-uh

(in reply to outhere69)

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RE: Motley Fool weighs in on the budget crisis - 2/15/2011 6:41:15 PM

jlf1961

Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline

The conservatives on this board will call it leftwing propaganda, no matter what the evidence says.

Of course, the tax breaks for the wealthiest 2% of Americans did not generate jobs. (they will deny this)

We financed 40% of the war in Iraq with loans from china and other countries. ( they deny that too)

Of course, if a Republican is elected president, I will probably end up on some ATF and FBI watch list, since I am a left wing democrat with a nice collection of military style weapons.

_____________________________

Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI

(in reply to PyrotheClown)

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RE: Motley Fool weighs in on the budget crisis - 2/15/2011 9:23:09 PM

Jeffff

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Joined: 7/7/2007
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On the other hand, assigning blame for the current situation does little to find a workable solution.

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Post #: 5

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 10:46:13 PM

PyrotheClown

Posts: 1950
Joined: 5/18/2009
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quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.

Nu-uh.....

(in reply to Jeffff)

Post #: 6

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 10:51:27 PM

jlf1961

Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline

Jefff, how bout we exile all republicans to Sarah Palin's home town in Alaska?

_____________________________

Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI

(in reply to PyrotheClown)

Post #: 7

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 10:55:41 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.

However, the Motley Fools have in this instance merely defined the current situation.

Solution? Undo the causes.

(in reply to Jeffff)

Post #: 8

RE: Motley Fool weighs in on the budget crisis - 2/15/2011 11:04:18 PM

domiguy

Posts: 12952
Joined: 5/2/2006
Status: offline

Or you could be a douche and just type in nu-uh.

(in reply to Musicmystery)

Post #: 9

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 1:22:19 AM

Fellow

Posts: 1486
Joined: 9/21/2009
Status: offline

Hyper inflation will take care of everything. No problems. Obama hopefully will be lucky and get out (2012) before that. I think Obama has understood there is no other realistic workable solution. He may then tell he had good economy (millions of jobs saved) and then make millions of dollars by lecturing business executives (like Clinton who has succeeded his bubble airbrushed by the news reporters) . Bush-Greenspan prevented Clinton recession using low interest rates and creating asset bubble. Obama has run out of this option (despite trying hard).

(in reply to domiguy)

Post #: 10

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 4:56:06 AM

DomYngBlk

Posts: 3316
Joined: 3/27/2006
Status: offline

nu-uh

(in reply to Fellow)

Post #: 11

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 6:02:37 AM

Moonhead

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Given that his economic policy was largely based on inflating a credit bubble, I'm dubious that the recession can't be blamed on the chimp as well, to be honest.

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(in reply to DarkSteven)

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RE: Motley Fool weighs in on the budget crisis - 2/16/2011 6:20:10 AM

DarkSteven

Posts: 28072
Joined: 5/2/2008
Status: offline

quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.

It's more fun, though.

Seriously, I would be very leery of fixing a situation if I didn't know the cause. That'd be like bailing out a boat that still has a leak.

_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

Quit fretting. We men love you."

(in reply to Jeffff)

Post #: 13

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 6:24:36 AM

KenDckey

Posts: 4121
Joined: 5/31/2006
Status: offline

quote:

ORIGINAL: jlf1961

Of course, if a Republican is elected president, I will probably end up on some ATF and FBI watch list, since I am a left wing democrat with a nice collection of military style weapons.

Shhhhhhhhh The left will think you are a right wing republican in disguise with all those weapons. My personal weapon of choice for self defense is the M1911A1. You hit it and it goes down end of story. For longer reach I have my 32 cal lever action. And for sheer scare I have my 58 cal enfield. My favorite target of choice is an engineer stake. you hit it consistantly and you know you can hit a man.

(in reply to jlf1961)

Post #: 14

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 7:21:10 AM

jlf1961

Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline

Ken, considering I have voted democrat every election since Reagan, I doubt that.

Besides I am trying to form a new group, the Popular Front for the Liberation of Texas, I am against Yankees and republicans.

_____________________________

Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI

(in reply to KenDckey)

Post #: 15

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 7:25:37 AM

Moonhead

Posts: 16520
Joined: 9/21/2009
Status: offline

Oooooh! An old skool agenda! I like that.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to jlf1961)

Post #: 16

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 7:27:14 AM

KenDckey

Posts: 4121
Joined: 5/31/2006
Status: offline

ROFLMAO Yeah they tried that once. Lost. Lincoln and the Republicans won. lol However, what about liberating TX from the incursions by the Mexican Army? They haven't given up I don't think. And they have been caught on video tape. They even captured a border patrol agent in AZ.

(in reply to jlf1961)

Post #: 17

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 7:30:05 AM

Moonhead

Posts: 16520
Joined: 9/21/2009
Status: offline

That was in Arizona, though, and who in Texas gives a shit about that bunch of frothing mad inbreeds?

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to KenDckey)

Post #: 18

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 8:08:57 AM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

ORIGINAL: Fellow

Hyper inflation will take care of everything. No problems. Obama hopefully will be lucky and get out (2012) before that. I think Obama has understood there is no other realistic workable solution. He may then tell he had good economy (millions of jobs saved) and then make millions of dollars by lecturing business executives (like Clinton who has succeeded his bubble airbrushed by the news reporters) . Bush-Greenspan prevented Clinton recession using low interest rates and creating asset bubble. Obama has run out of this option (despite trying hard).

Actually, Bush ran out that option, leaving interest rates from two previous recessions so low that we had nowhere to go but fiscal policy.

Your hyperinflation argument is bogus. Inflation is very low, despite high M, because V is still so low. That's what the Fed tried to address. The real problem is getting banks lending again--they're just sitting on cash, and consequently, so are businesses. The growth we've seen in the past two years is from replenishing depleted inventories, and by increasing productivity, vs. hiring.

(in reply to Fellow)

Post #: 19

RE: Motley Fool weighs in on the budget crisis - 2/16/2011 9:58:14 AM

willbeurdaddy

Posts: 11894
Joined: 4/8/2006
Status: offline

quote:

ORIGINAL: Musicmystery

Inflation is very low, despite high M, because V is still so low.

That will change as soon as there is a meaningful uptick in hiring. If youve been watching mid/long term interest rates, inflation is coming.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Musicmystery)

Post #: 20

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