MONDAY NIGHT LIVE: THE MYTH BUSTERS

I promise this will be better than Friday Night Live. Let me see whether I have this right: There seems to be a notion that - if not for the war - the budget would have been balanced.
Remember, the same war that was brought on us by fraud, Iraq. So, of course it makes sense that the war caused the deficits. Right? Well not quite. I got this from the Perot Charts, a collection of graphs based upon government data. Go google it. Indeed, the chart shows that except for 2007 the costs of the war was a fraction of the deficits that were in fact foremost caused by the Bush tax cuts. The next claim is that tax cuts increase employment. Lets see now, I have here a chart that shows . Hmmm the exact opposite. --- Next, the favored Republican argument is that the Democrats are liberal spenders. Really? Doesnt look like it if I check the government data, does it now? In fact, it looks to me like Clinton was the only president in several decades who managed to reduce the budget deficit. Ill be darn! --- Now, of our debt, how much is being held by foreign countries? 2.7 Trillion! Wow, THATS ONE THIRD. Of that 518 billion by China, 590 by Japan, 290 by England, 148 by Brazil, 179 by Oil exporters. Wait a second, Japan more than China? What the hell do we buy from there?
Lets look a second at how the national debt developed. It hate to say this but Clinton again looks pretty darn good! Who were his economic advisors? --- Senator Richard Shelby claims that the current stimulus is spending never seen before. We are talking about $800 billion? Lets see now, from 2004 through 2007 we created a deficit of $2 trillion. Close! By the way, I agree with Paul Krugman, that the $800 billion currently under discussion will not be enough. Now, yesterday I asked the question whether we have a prayer to pay off the national debt while the economy is in shambles. I dont remember anyone said we could. That seems different if the economy has been put back in shape. After years of ever reducing the deficit, Bill Clinton at the end of his term in office managed to reduce the national debt. Lets hope Obama gets us out of Iraq in a hurry so we can cut some of the war spending. Remember now, a significant portion of the war spending ends up in Iraq and has little, if any, impact on the domestic monetary flow! Oh, and as to the stimulus, the reason I take the word of Paul Krugman over that of the opponents is because they are true flakes who have not a clue. Lets listen to McCain, the one who is so much against the stimulus that it almost hurts, talking about us being in Iraq! Oh yes, and on the economy where he is the expert!
I take it you remember Paul Krugman, the Nobel price winner in economy, who has no stake in the delaying tactics of the Reps: the current stimulus is too small. The strategy of the Republicans is transparent. Every day of delay increases the likelihood that in 2010 the effect of the stimulus is less, increasing their chances to catch more seats. OK, Ill see you and make a million! You play the Power Ball? Your only chance!!

Category:

News & Politics

Tags:

• ECONOMY
• STIMULUS
• TAX
• CUTS
• SPENDING
• DEMOCRATS
• REPUBLICANS
• MCCAIN
• PAUL
• KRUGMAN
• PEROT
• CHARTS
• DAILY
• ANALYST

[anchor425]

stop thinking in terms of democrate or republican,,....you old dummy...think in terms of what is really in control...the federal reserve....and that debt that they think we owe was paid in blood along time ago...its a fake debt with their setup fake currency....so really...what kinda nazi disinfo are you really tryin to spread?....because if your still on that democrate / republican crap you just aint gotta clue...nato imf who and the other eugenics crap itsnt on humanities side.......so dude !

[bvongrabe]

DREAM ON! As we speak the ONLY interest the party of NO has is to destroy the economy so that next year they have a better chance of gaining seats. On another nore, your use of NAZI Lingo makes me wonder!

[Beadbud5000]

I love Pork as food but McCain tires me!

[bvongrabe]

I like pork, too, as long as it is Republican - but then that would me make too similar to McCain :)

[bvongrabe]

Wow! You still drive a Ford Model T, then!!

[ninamichelle77]

Well... I am poor as a pauper but I do make my mortgage payment on time... I own both my cars and I already went to college but that payment is on time too ;o) I'd say I'm half way there... even if you are kidding!

[bvongrabe]

Welcome to the club, here are the membership conditions: you must be rich, your mortgage must be paid up, your car not repossessed, and your tuition fully paid. Other than that --- I am kidding :)

[thoughtchallenge]

If anyone wants to know more about Bovine Growth Hormone, here's an interesting place to start:

watch?v=Z0AL4yml3bw

[bvongrabe]

Which be the way was another bribery scandal. You know that the hormones used here are outlawed in Canada and Europe. It is interesting that according to studies, the use of hormones may increase milk production but it also reduces the life span of the cows.

[thoughtchallenge]

ninamichelle77- One of the things that I heard was being considered was killing cows. The idea being that they would kill off milk producing cows to prevent over production. This does not make sense to me since, the industry injects cattle with hormones to make them produce more milk. Why not simply outlaw the hormone which is believed harmful to humans anyway, not to mention your point about the cost of milk to begin with.

[ninamichelle77]

Really for me... being small town lower than low income with a mortgage and twin preschoolers... I just want to see milk and bread affordable again. I'd like to see a few jobs open up. I'd like to see some semblance of normalcy again. Fat chance, yes? ;o)