Comments on: Debt debate in need of upgrade http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/ Wed, 07 Oct 2015 17:23:32 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: fifa 15 coins ps http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-2425 Thu, 25 Sep 2014 18:03:39 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-2425 we no more than produce eso gold for special events a result of the hue, therefore doesnt a lot of stuff go together with the item.

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By: COindependent http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1259 Fri, 26 Apr 2013 15:23:22 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1259 Satori. You are correct. Especially when one considers that many of those who are making the decisions (Congressmen and government bureaucrats) have documented their inability to mange their own personal finances, as evidenced by the number of government employees are are in arrears on their taxes, and the members of Congress who have financial judgments against them and history of bankruptcy. Lest I even address the personal under-handed financial histories of these same members (e.g. Rangle, Reid)

It does not compute that Americans place their economic well being in the hands of those that cannot balance their checkbook.

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By: satori23 http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1258 Fri, 26 Apr 2013 15:09:54 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1258 For one reason or another some variables are rarely explored or poorly represented in media. We can dwell on #’s and PMI’s and so on… as much as we can wonder about psychology of austerity and/or stimulus.

Dependent on consumer confidence as we are, it’s odd that there’s little to no debate about generations that are being conditioned into undermining economy as we know it.

Seeking recovery, error prone troika is yet to face some of ”unexpected” consequences of lapses in calculus and judgment.

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By: COindependent http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1257 Fri, 26 Apr 2013 14:09:08 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1257 The underlying issue is that Congress is dominated by lawyers who believe their is some predetermined fine line relative to debt and economic impacts. The seek an absolute threshold that for the spenders they can run right up to, and for the deficit hawks should never be crossed–that’s what happens when you have the economically illiterate, and politically motivated, funded by Wall Street crafting legislation. Neither scenario positions the economy for growth, and the results is 2,500 page legislation written completely one-off, i.e. it has zero sensitivity to past or other proposed legislation.

So we end up with government at 24% of GDP (vs. historic 18%), with spending 30% in excess of revenues and a <2% CAGR. Any person with a reasonable IQ only needs to look at the past 20 years and identify what has (not) worked, with the obvious insight that it is impossible to centrally manage a multi-region national economy with 50 different tax structures, from inside the Beltway.

The fact that we trust our economy planning to centralized bureaucrats and two political parties driven solely by ideology, who only serve to develop “plans” based on compromise (vs. intelligence), we end up with social programs and tax legislation that is grossly unaffordable and detrimental due to poor design(e.g. AMT, SS, Medicare/Medicaid, FNMA/FMAC/SMAE and now Obamacare), driven solely by the special interests totally 70,000 pages , and a Federal Reserve that created the capital bubble because they refused to raise rates in the mid-2000’s.

These same politicians now are in the back rooms trying to figure out (again and again) how they can exempt themselves from the same legislation they imposed on 300 million Americans only three years ago. And we continue to send them back to Capitol Hill? We definitely are getting the government we elected.

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By: Quimzilina http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1256 Thu, 25 Apr 2013 20:59:27 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1256 I fervently believe governments need to be restrained and find supporting evidence everywhere and contrary evidence nowhere.

There is no automatic control on governments to limit their spending or growth or how oppressive they can become. Any government that becomes more powerful than the society it governs WILL become oppressive!

The right level of government is the smallest possible level that can protect the governed from a more oppressive government. Why would anyone want more government than that?

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By: notnews http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1254 Thu, 25 Apr 2013 20:23:18 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1254 Peacetime deficits?!?

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By: ptiffany http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1253 Thu, 25 Apr 2013 20:15:44 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1253 You can’t argue with irrational ideologues by using verifiable facts and logic, but it’s nice to know that a few are trying. For too long, many economists let Paul Krugman twist in the winds of the Third Depression.

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By: OneOfTheSheep http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1252 Thu, 25 Apr 2013 17:44:01 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1252 It seems more and more that economists and bureaucrats are much like the proverbial log covered with ants floating downstream in the the river’s current, each one confident that they are steering it.

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By: keebo http://blogs.reuters.com/edward-hadas/2013/04/24/debt-debate-in-need-of-upgrade-2/comment-page-1/#comment-1251 Thu, 25 Apr 2013 16:41:26 +0000 http://blogs.reuters.com/edward-hadas/?p=455#comment-1251 Wow, I suppose debt is the thing to do and increased cost with artificial demand the result. Sounds like the brain trust is working ovetime on this one.

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