tag:blogger.com,1999:blog-7806136543904112143.post6049762086578236447..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #10307Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7806136543904112143.post-68217368919730837612010-11-03T15:56:55.097-05:002010-11-03T15:56:55.097-05:00"The Obvious: It’s the economy, stupid. It i..."The Obvious: It’s the economy, stupid. It is always the economy. Obama and the Democrats were doomed from the beginning by the obstructionist Republicans."<br /><br />ROFLMAO! The Democrats had the Presidency, the House and the Senate, and they ran the Debt from $9 Trillion to today's $13.7 Trillion. You have to have a twisted mind from the spin you are putting on a good ole' ass kicking the socialists took last night. Repudiation is a real be-atch! LOL!!<br /><br />Tonight it's a good single malt and a fine cigar to celebrate Barry's policy repudiation by the American electorate. Party on dude.SPECTRE of Deflationnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-45864931569524757322010-11-03T10:43:36.629-05:002010-11-03T10:43:36.629-05:00lineside - like many, I don't let my inconsist...lineside - like many, I don't let my inconsistencies bother me too much. Yes, I think we should have undertaken some extensive infrastructure repair with the stimulus money. Probably should have put a great deal more money into projects that would have prepared us for the alternative energy future by not funding more highways but by emphasizing 'green' conservation projects.<br /><br />At the same time I know we've got to pay the piper for 30 years of a credit-card delusion. But I'd like to make sure that those who drug us to the dance pay up first and most.<br /><br />So we should have had more stimulus and more debt, if only on the vain hope that we could slowly work out this mess - instead of plunging head-first into tragedy.<br /><br />Speaking of tragedy - OSR, are you making A Modest Proposal?Charles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-34780568704284098732010-11-03T10:36:22.719-05:002010-11-03T10:36:22.719-05:00CK
Couldn't help but notice a rather gaping c...CK<br /><br />Couldn't help but notice a rather gaping contradiction between "The Obvious", wherein you seemingly endorse Krugman's lament that the stimulus package wasn't big enough, and "Paying the Band", where you (correctly, in my opinion) state that "We have now been living beyond our means for so long...The only way the US can continue to grow is through even more borrowing... And that's not going to happen. It's payback time..."<br /><br />Until we purge the bad debt out of the banks, and let their shareholders and bondholders eat the costs (instead of the taxpayer, courtesy of both parties), no amount of stimulus will fix the economy. And until we get our fiscal house in order, one way or the other, same goes. It will be painful but it cannot be avoided. Krugman's recurring delusion of free lunch is as valid as belief in the tooth fairy.<br /><br />Cheerslinesidenoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-13717612978247760192010-11-03T10:21:45.267-05:002010-11-03T10:21:45.267-05:00There most certainly is a better way and it is so ...There most certainly is a better way and it is so astonishingly simple, I'm surprised it hasn't been suggested.OSRhttps://www.blogger.com/profile/09454944574511999653noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-10342474058718849742010-11-03T09:49:28.974-05:002010-11-03T09:49:28.974-05:00CKM
Wasn't a criticism, just confirming the m...CKM<br /><br />Wasn't a criticism, just confirming the message. And of course, any income REDUCES the SS benefits. <br /><br />I really look forward to SAR every morning....thanks for the efforts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-78086857162374024012010-11-03T09:43:47.829-05:002010-11-03T09:43:47.829-05:00I included 'Redefining the Goal' because I...I included 'Redefining the Goal' because I thought it was one of the best self-hoisting petards I had ever seen by a SS doomster explaining away the problem by redefining the whole debate. <br /><br />Jobs is just the first problem - jobs an older person can do for 40 hours a week that would pay a living wage are far harder to find & the co0mpetition for them is already daunting.<br /><br />But wait, do unemployment benefits top SS payments? Especially for early retirees?Charles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-21812062776346090562010-11-03T08:56:54.244-05:002010-11-03T08:56:54.244-05:00@ redefining The Goal
Assuming of course there ar...@ redefining The Goal<br /><br />Assuming of course there are actually jobs available for them to have.....Anonymousnoreply@blogger.com