The Republicans didn't cave and Obama's calls for apocalypse should the sequester kick-in did not yield another tax increase. Perhaps this is a turning point that some restraint will finally be placed on the enormous expansion of government we've seen over the last four years. I'm highly skeptical, but this is a good (albeit small) first step.
http://online.wsj.com/article/SB100014241278873246624045783343039351361…
Sequester is an absolute joke. $85 billion is pennies compared to what we should be focusing on. Not sure why they made such a big deal about it.
UCLA studied the top 20 media outlets, and 18 scored left of center. Fox and Washington Times were the only two who scored to the right. Am I the only one who thinks this is why young people are fucking retarded?
If the past five years in the US and Japan since the 80's has taught us anything is that government spending does not create growth and prosperity. The private sector does (where the hell do you think the government's money comes from?). Reigning in the waste of government spending and unleashing the private economy is what we need, not the fallacies that Keynesians preach (and politicians love) to justify expanding government.
To all the fuckhead liberals who say you don't need God to tell you how to live, but you need the government to tell you how big your Big Gulp should be, do us a favor and kill yourselves as soon as possible.
Couldn't agree more with you BT.
Currently doing an off-cycle FLDP at a major defense contractor here in sunny California. The finance leadership here is more than perplexed by the lack of financial literacy displayed by these damn politicians. The general consensus is that politicians do not understand how to properly sharpen a pencil, let alone the ramifications their actions will have on our frail economy.
This is so wrong its hilarious. Where do you think the private sector's money comes from?
Fox News is better?!?!?!?! Have you seen the shit they talk about there?
More retards less competition.
What happens to an economy in the middle/end of a deleveraging cycle when you take the foot of the gas? Japan is a decent enough example. Look up the Kalecki profits equation and see what has been driving corporate profits (and stock prices) in the US. Then decide if you'd rather be like Japan. Or Italy. There are no grandchildren involved in transferring money from a savings account to a checking account. But there are grandchildren involved in declining productivity from high unemployment and low labor participation.
$85bn is not a whole lot of money but the focus on reducing deficits instead of increasing growth is an absolute joke. Market gurus such as Bill Gross and Stanley Drunkenmiller should know better - though analyzing a sovereign nation is nothing like analyzing a company.
just got internet back.....spotty reception down here....been in nuclear bunker past week....lines may go back down dont have much time.....need 2 know IS ANYONE ELSE ALIVE OUT THERE? WE NEED TO COME TOGETHER 2 SURVIVE. I WILL COOK THE RACCOONS IF U KAN PROVIDE ANY OF THESE SERVICES: --WASH CLOTHES BY HAND --BUILD STICK HOUSES --PLOW --LET ME PLOW YOU IN RETURN FOR COON STEW
THX, GG
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