Comments on: Obama’s best strategy: Do nothing http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: trevorh http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-837 Mon, 11 Mar 2013 23:39:02 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-837 oops, getting too angry and comment inappropriately again

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By: trevorh http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-836 Mon, 11 Mar 2013 19:05:13 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-836 Sooo uncivilized

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By: trevorh http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-835 Mon, 11 Mar 2013 19:03:12 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-835 When it comes to birth rate. It is the depth of the tree, not the fan-out factor!!!

It makes me so angry that people still want to promote the big fan-out factor and an uncivilized fertility rate as solution to the world’s problem!!!

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By: trevorh http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-834 Mon, 11 Mar 2013 18:53:46 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-834 “Falsity implies anything”
One of the most basic thing in logic.

The ‘debt’ people often go hand in hand with the ‘grow’ people. Debt, entitlements are nothing to worry about if they factor in a growing population.

Say the debt increase by 5% a year, but the population also increases. So the per capita is not getting worse. The denominator increases so the number if not getting worse. Yes growth of population is the solution to all problems in the eye of today’s mainstream economists.

Sometimes, I wish we would force all economists and government officials to pass basic exams in physics and biology to realize the disaster they are making.

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By: UnderRated http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-833 Sat, 09 Mar 2013 04:37:57 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-833 *Coindependant
I think you are missing the point. If you believe Kaletsky knows what he is talking about (and you should, just read his bio) then the federal defecit was halved in the last four years, and it is going to be halved again in the next four. That is substantive progress, but even that is not really the point. The point is that there never was a crisis. Partisan politics and the news cycle have created a monster from nothing, for no other purpose than to serve their own respective interests, while the real problems we face (fiscal and otherwise) continue both unabated and woefully neglected. Do you think the Fed is going to raise interest rates in such a way as to precipitate the immanent collapse of the American economy? Because that is insane. Maybe you should lay off the FOX for a while…

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By: tmc http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-832 Fri, 08 Mar 2013 20:50:29 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-832 Don’t worry COindependent, the pharmaceutical industry will just up the dosage in “Natural Flavoring” and everything will be just fine. You’ll see.

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By: COindependent http://blogs.reuters.com/anatole-kaletsky/2013/03/08/obamas-best-strategy-do-nothing/#comment-831 Fri, 08 Mar 2013 18:19:54 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=292#comment-831 I am okay with the basic premise that the President needs to stand down–as his “efforts” have only served to prolong the recovery.

However, I do question the statement that the deficit “crisis” is past. When one considers that total federal tax revenues are forecast at a record $2.7 trillion, and the national debt is $17 trillion; should interest rates increase to the historic norm of 5%, the annual interest burden will be $850 billion. That’s 30% of revenues–and we haven’t even funded government yet. When one considers that we’ve been spending at a rate of $3.5 trillion each year, the debt service will continue to consume a ever-increasing portion of the federal budget. When one adds this too the increasing burden of entitlements, this is unsustainable. Debt and entitlements will consume 100% of tax revenue shortly.

The younger people who voted for Obama who think they will be beneficiaries of government largess better bone-up on the math. There is not any way this can be sustained without the younger people paying significantly higher taxes, and benefits being cut. And that does not include the $850 billion they personally owe on student loans.

Should the anticipated inflation hit (remembering the double-digit Carter years) this whole thing will fall off the precipice Congress and the President have provided. This is insane.

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