General Discussion

Egalitarian Thug

(12,448 posts)

38. Existence itself is unsustainable given a sufficiently long time line.

Tue Aug 13, 2013, 03:06 PM

Aug 2013

I'm not sure what specificity you're looking for. The economic effects of producers, consumers, and the government all reducing spending? The resulting reduction in the money supply in circulation? The results of deficit spending over some time period? What would happen to the global economy if the U.S. actually eliminated the national debt?

Reducing deficit spending is certainly a desirable goal, but the time to do it is during good times. Doing it now creates another drag on the overall economy resulting in just what we're seeing, a fictional, trickle down recovery.

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Did you Know? [View all] Playinghardball Aug 2013 OP

K&R! hrmjustin Aug 2013 #1

Yes. Another accomplishment in the wrong direction. Egalitarian Thug Aug 2013 #2

Nonsense. The deficit he inherited was 1.2 TRILLION per year. It was unsustainable... Demo_Chris Aug 2013 #4

The wrong thing at the worst time for no good reason. Egalitarian Thug Aug 2013 #23

Be specific... Demo_Chris Aug 2013 #24

Existence itself is unsustainable given a sufficiently long time line. Egalitarian Thug Aug 2013 #38

Lots of questions... Demo_Chris Aug 2013 #41

Um what? MFrohike Aug 2013 #46

And besides ... 1StrongBlackMan Aug 2013 #25

My neighbor is the electorate and he thinks we should move all the poor people onto some Egalitarian Thug Aug 2013 #40

Well ... 1StrongBlackMan Aug 2013 #43

First, ignorance is or it is not, you keep using the word, belief. Belief is irrelevant, either Egalitarian Thug Aug 2013 #44

+1 PETRUS Aug 2013 #19

In times of depression and economic crisis Maedhros Aug 2013 #20

+1 Phlem Aug 2013 #21

+2 Enthusiast Aug 2013 #30

Yep, but a campaign promise kept. joshcryer Aug 2013 #32

Yup. n/t progressoid Aug 2013 #37

Yet he still wants to cut Social Security. forestpath Aug 2013 #3

Not at all. He wants to destroy Social Security... Demo_Chris Aug 2013 #7

I agree that's what he really wants. forestpath Aug 2013 #14

No he doesn't ... 1StrongBlackMan Aug 2013 #27

If what you say is true, Enthusiast Aug 2013 #31

C-CPI came with a poison pill poverty exception. joshcryer Aug 2013 #33

He "caved" ... 1StrongBlackMan Aug 2013 #54

The purpose of a commission is ... 1StrongBlackMan Aug 2013 #34

Day 2? Who was that? Enthusiast Aug 2013 #35

My apologies for the broad-brush ... 1StrongBlackMan Aug 2013 #42

I agree about the historic opposition. Enthusiast Aug 2013 #45

Yeah ... 1StrongBlackMan Aug 2013 #50

They'll be screaming about Obama's evil plan to kill Social JoePhilly Aug 2013 #51

Yep ... 1StrongBlackMan Aug 2013 #53

There's a secret "evil Obama" decoder ring that you can use JoePhilly Aug 2013 #55

I don't know. I think proposing chained CPI Squinch Aug 2013 #56

I have been saying all along ... 1StrongBlackMan Aug 2013 #63

I hope you are right that it was a tactic. Only time will tell if it was. Squinch Aug 2013 #64

Have you ever taken the time to look at Cryptoad Aug 2013 #8

The quickest way to ensure the death of Social Security is to start hughee99 Aug 2013 #11

Exactly. forestpath Aug 2013 #16

Simple solution... Demo_Chris Aug 2013 #17

Simple solution ... 1StrongBlackMan Aug 2013 #28

Yes, I have. And they don't hurt super rich people. forestpath Aug 2013 #15

Why do you keep promoting that lie? ... 1StrongBlackMan Aug 2013 #26

k&r... spanone Aug 2013 #5

Why yes I did know that.. thanks to online news and graphics Cha Aug 2013 #6

Na'u ka hau'oli Cha!! Playinghardball Aug 2013 #10

Graph Clinton deficit Bush deficit Obama deficit (sorry for large size, thankfully DU downsizes it) Bernardo de La Paz Aug 2013 #9

I don't know how he did it while still managing to put up $750+ billion for TARP hughee99 Aug 2013 #12

By cutting defense spending and raising taxes on corporations. progressoid Aug 2013 #36

obama bailed out the banks?! uponit7771 Aug 2013 #48

I believe he voted for it in the Senate and spoke in favor of it on the Senate floor, hughee99 Aug 2013 #57

I'll take this as a no, Obama did NOT "bail" out the banks himself. Not even his idea, he voted for uponit7771 Aug 2013 #58

No one bailed out the banks "by themselves". hughee99 Aug 2013 #59

I disagree, it was Bush admins idea...they pushed it...Bush singed it and Obama was part of a vote uponit7771 Aug 2013 #60

I agree. I didn't argue at all that Obama hadn't done anything with the money... hughee99 Aug 2013 #61

Yes I did know and, while I agree this is necessary, mountain grammy Aug 2013 #13

Good thing, bad timing. n/t Egalitarian Thug Aug 2013 #62

This is a good thing and Obama deserves recognition for it! K&R nt riderinthestorm Aug 2013 #18

The republican congress will take credit B Calm Aug 2013 #49

I did. sheshe2 Aug 2013 #22

Not quite half, but getting there. Motown_Johnny Aug 2013 #29

Seems to be the current theme. Rex Aug 2013 #39

Yay? MFrohike Aug 2013 #47

That might be part of the reason the GOP claims he is the worst President ever liberal N proud Aug 2013 #52