David Stockman: Republicans Have Abandonded Their Principles and Crippled the Economy

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  1. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    Obama's made the economy far worse, and may have doomed the nation itself. I generally thought the republic would survive any one president, but this time I'm not so sure. The deficits he's running are deliberately structural from now on, and they're huge. The entire budget when Clinton left office was $2T, now it's $3.6T and we're borrowing every dollar over that $2.T figure, basically.

    Given a choice of the republicans and their $400B deficits and these guys and their deficits 4x that, I'll go with the republicans. Lesser of two evils.

    Obama chose to escalate things in Afghanistan. It is his war now. He could have brought the troops home if he wanted to give the order. It'd take his staff a day to write the order and 10 seconds to sign it.
     
    Denny Crane, Aug 3, 2010
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  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    http://www.usatoday.com/news/military/2010-08-02-afghan-poll_N.htm

    Poll: Waning support for Obama on wars

    Only 41% of those surveyed Tuesday through Sunday approved of the way Obama is handling his job, his lowest rating in the USA TODAY/Gallup Poll since he took office in January 2009. In Gallup's separate daily tracking poll, his approval was at 45% Monday.

    http://www.rasmussenreports.com/pub.../48_blame_obama_for_bad_economy_47_blame_bush

    For the first time, the polls are saying the economy is Obama's to blame for the bad economy vs. Bush being to blame.
     
    Denny Crane, Aug 3, 2010
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  3. maxiep

    maxiep RIP Dr. Jack

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    "[Y]ou guys"? Sorry to disappoint, but I'm not a Republican.
     
    maxiep, Aug 3, 2010
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  4. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    I am a Clinton fan, but it's also quite fair to say that John Kasich wrote the balanced budgets while he was chairman of the house budget committee at a time Clinton was projecting balanced budgets would happen years later than they did happen.
     
    Denny Crane, Aug 4, 2010
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  5. jlprk

    jlprk The ESPN mod is insane.

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    Posts 11 and 12 illustrate Reagan's constant speeches telling us to cut Social Security, lying that it is insolvent. He is the biggest enemy of longevity in American history. Social Security has increased average life expectancy 10 years since the Democrats legislated it in the 1930s, yet remains a Republican whipping boy.
     
    jlprk, Aug 4, 2010
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  6. jlprk

    jlprk The ESPN mod is insane.

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    No need for either. Since you want to kill 50 million old Americans, it would be faster to have the Defense Dept. do it.
     
    jlprk, Aug 4, 2010
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  7. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    Why didn't he just veto any bill to save Social Security instead of teaming with Alice Rivlin, " a persistent and vociferous critic of Reaganomics as head of the CBO," to save it?
     
    Denny Crane, Aug 4, 2010
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  8. blazerboy30

    blazerboy30 Well-Known Member

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    HEHE! This is good stuff. Keep it coming.
     
    blazerboy30, Aug 4, 2010
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  9. Idog1976

    Idog1976 Well-Known Member

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    No, I want to kill the bureaucracy that primarily exists to enrich big Pharma etc. I'm all for taking care of our elderly there are simpler ways to do it. It is needlessly complex and huge specifically to enrich the medical industry and NOT to deliver care to the elderly at the lowest cost, highest quality possible. I also hate needlessly huge bureaucracies in a big way.
     
    Idog1976, Aug 4, 2010
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  10. jlprk

    jlprk The ESPN mod is insane.

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    Medicare isn't a huge bureaucracy at all. It's the alternative which is--hundreds of competing insurance companies. That's what makes a doctor's billing department "needlessly complex."

    If Reagan "saved Social Security," then I'd be "saving your retirement savings" by getting you into enormous debt, so that your interest payments exceed your pension.
     
    jlprk, Aug 4, 2010
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  11. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    Social Security trust fund is one of the largest holders of govt. T-Bills. It's not in debt, it's a creditor.

    The system itself is fucked up because it has become an increasing tax burden on the people and it still isn't going to cover all the expenses it has from the takings it brings in.
     
    Denny Crane, Aug 5, 2010
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  12. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: David Stockman: Republicans Have Abandonded Their Principles and Crippled the Eco

    http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/


    Social Security in the red this year

    Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program's actuary.

    ...

    "The impact of health care reform is made clear by the Trustees Reports, which show some very positive developments for Social Security and especially Medicare," said Treasury Secretary Timothy F. Geithner. "But they also remind us that we must continue to make progress addressing the financing challenges facing the long-term solvency of these programs."
     
    Denny Crane, Aug 5, 2010
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