Comments on: With hostage taking over, a Washington deal beckons http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: VinnieTheSnake http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1282 Mon, 28 Oct 2013 21:57:55 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1282 Social Security has nothing to do with the budget. The ‘shortcomings’ forecast can be eliminated by eliminating the cap on earnings and including all income.
And, a jobs’ program to reduce the unemployment number would be a grand bargain that would actually help the citizens instead of the bankers.
Wouldn’t that be a nice change?

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By: ptiffany http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1277 Sat, 26 Oct 2013 21:53:16 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1277 It’s an interesting myth that taxes are not being raised. Has anyone heard of the Federal Reserve that has been creating trillions of cyber dollars for over six years? No taxes? Don’t be so naïve.

This is why comparisons between federal government and family budgets fail. Families don’t have the power to create money out of thin air.

You’d think that in this country that claims to follow free-market capitalism (instead of corrupt crony capitalism), that every citizen would know this. It’s one of the fundamentals of America.

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By: ptiffany http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1276 Sat, 26 Oct 2013 21:53:10 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1276 It’s an interesting myth that taxes are not being raised. Has anyone heard of the Federal Reserve that has been creating trillions of cyber dollars for over six years? No taxes? Don’t be so naïve.

This is why comparisons between federal government and family budgets fail. Families don’t have the power to create money out of thin air.

You’d think that in this country that claims to follow free-market capitalism (instead of corrupt crony capitalism), that every citizen would know this. It’s one of the fundamentals of America.

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By: Jeff9207 http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1274 Sat, 26 Oct 2013 08:05:29 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1274 Let me see if I have this argument correctly: If Obama capitulates on revenues (despite the fact that government revenues are at a 60-year low based on % of NGDP) and if Bernanke capitulates on helping the economy with the only tools he has available to him (despite the fact that employment as a percentage of working population is at an all-time low), then Republics won’t blow up the government again (and they get to keep funneling money to their defense contractor contributors).

How is that any different than last time? (It’s not.)

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By: G.Srinivasan http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1273 Sat, 26 Oct 2013 06:09:51 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1273 Even as the Democrats and the Republicans wrestled over more government and less government for the denizens of the world’s biggest borrowing country, the uncertainty over the tapering of inordinately pumped up palliative to shore up confidence in the tepid recovery of the US economy has actually held the emerging economies hostage in particular. The renowned analyst Mr.Kaletsky has doubtless set at rest the agonies of many a policy wonk in the emerging economy by forecasting that the much-awaited taper that made misery-go-round to many a nation would be either in December or in late January 2014 before the celebrated Federal Reserve Chairman hangs the boot. In case by any quirk of fortune, this deadline cannot be adhered to, his successor will have to deal with this legacy issue that has immense implications across the universe of the emerging economies. It is time the US authorities mulled over the ramifications of their policy paradigm so that countries on the fringes or the emerging ones do not get the shock of flight of capital, currency devaluation and a breakdown of growth momentum that could put paid to the aspirations of millions of young people in these countries for a secure future. G.Srinivasan, Journalist, New Delhi

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By: Bob9999 http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1272 Fri, 25 Oct 2013 15:22:15 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1272 But isn’t the biggest political problem in this country the fact that politicians always end up agreeing to increase spending to please Democrats while not raising taxes in order to avoid displeasing Republicans? At some point, you run into math.

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By: Benny27 http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1271 Fri, 25 Oct 2013 15:20:24 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1271 @brianpforbes

Dangerously common sensical, my friend…you are on to something there. Democrats keep looking for a chance to capitulate on social security… despite talking out of the other side of their mouth to voters

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By: brianpforbes http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1270 Fri, 25 Oct 2013 07:27:13 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1270 With Democrats already evidently caving (unbelievably) on Social Security, allowing Republicans to escape with their dogma of no raised taxes intact is not only unacceptable, it’s contradictory. If, as the author claims, no new revenues are needed, then why is Social Security on the chopping block in the first place ?

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By: ptiffany http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1269 Fri, 25 Oct 2013 00:09:51 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1269 @brotherkenny4:
Right on brother! The Plutocracy used to keep quiet about their war on the US, but now that they’ve won, it’s all out in the open. Us Pee-Ons will just have to accept our fate and acknowledge what the United States used to represent in terms of equality and the Constitutional mandate to “promote the general welfare”, a Socialist dream and the failed American Dream. (How many millions of mortgage payers actually believed that they “owned” their homes?)

This government of the people, by the Plutocracy and for the very, very rich shall stand until the Chinese surpass us. (They have their own billionaires to contend with.)

The truly Entitled are the wealthy gamblers at the Wall Street Casinos who had their gambling losses reimbursed at full value using taxpayer funds. Of course, the wealthy among the Tenth of One Percenters in the Plutocracy like Mittzi Romney stash away their millions and billions in tax-free (and tax subsidized) foreign bank accounts. It’s okay. The Members of Congress get their cut and the Supreme Court now openly represents the interests of the Plutocracy. $ $ Money $ $ = free speech. It’s in the Bill of Rights. (NOT!)

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By: SaveRMiddle http://blogs.reuters.com/anatole-kaletsky/2013/10/24/with-hostage-taking-over-a-washington-deal-beckons/#comment-1268 Thu, 24 Oct 2013 22:20:43 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=633#comment-1268 The Multinationals who have made huge “investments” in both parties ……strongly suggest Entitlement Reform.

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