These liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.
WAKE UP AMERICA!
Posted on 07/22/2010 8:58:03 PM PDT by Willie Green
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Thursday that the fragile economy needs government stimulus spending to strengthen the recovery and help reduce unemployment.
Testifying before the House Financial Services Committee, Bernanke urged lawmakers to come up with a credible plan to reduce the government's record-high budget deficits in the long run. But he said they shouldn't move now to slash spending or boost taxes in the near future.
"I believe we should maintain our stimulus in the short term," Bernanke said as he spoke about the economy's challenges for the second straight day on Capitol Hill.
(Excerpt) Read more at sgvtribune.com ...
Dissect this sentence. No new taxes but more government spending...The only thing left is borrowing more money from the Chinese. The system is broken, folks. We are unemployed and living on the credit card. Bernanke should resign...
Arsonist to firefighters, we need more fuel.
The only thing that is shovel ready is a hole 6’ deep for the fed chief!
If Bernanke said this, then he is wholly unqualified to oversee the Federal Reserve. Government creates no wealth. Entrepreneurs do create wealth. Wealth creation is what we need to reduce unemployment and solidify the economy. If the government spends that money, there will be zero net growth. Instead, government should remove all the uncertainty it is currently causing. Put forth a set of rules, guarantee those rules over the next seven years, and then lend that money to entrepreneurs. Then you will see some growth.
These liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.
Hit rock bottom - must keep digging.
Government creates no wealth. Entrepreneurs do create wealth. Wealth creation is what we need to reduce unemployment and solidify the economy.
The Road to Productive Wealth
The only true key to wealth lies in production. While you can increase your own wealth at the expense of others, we all become wealthier when productive resources are increased. Greater wealth for our economy lies in increasing the quantity or quality of productive resources -- labor, capital, and natural resources. This is done by investing in education, capital goods, research and development, and technology.
This is why we need to place a 10~15% tariff on ALL imported goods, and bring back our wealth creating industries that were driven offshore.
In the short term, it would also help if our government reduced spending on services and increased investment in productive infrastructure.
Yeah, our problem is not enough government spending. LOL!
You know the dems are just trying to find a way to reach DEEPER into our pockets. It will not stop until the Super-majority crumbles.
Why would that stop it?
You don't actually believe that voting for the flip side of the same coin is going to change anything, do you?
The only thing shovel ready about such so-called “infrastructure projects” is the B.S. relied upon to promote them to politicians and voters.
Bad idea. (See: Smoot-Hawley tariff)
A better idea would be to reduce the capital gains tax to 5%, reduce corporate taxes to 15%, and implement a flat tax for all citizens where everyone pays 15% on all wages. Do that, and foreign capital will begin to start pouring in from other countries. Look at how much our trade deficit is. That's how much investment capital would be flowing into US businesses each year.
Massive governmental spending and the effects of the Smoot-Hawley Tariff turned a sharp recession into a Great Depression. No, thank you.
I'm clinging to the hope that some of this "fiscal responsibility" talk will actually rub off on the guys preaching it. It's a long shot. But it's better than what we got!
and the effects of the Smoot-Hawley Tariff turned a sharp recession into a Great Depression.
Good grief.... surely you don't actually believe that revisionist bovine excrement about Smoot-Hawley, do you?
Back in the 1920s, we were agriculturally self-sufficient. Imported crops were NOT a concern, Europe didn't HAVE the bountiful resources/climate from "sea to shining sea" to compete with our domestic production.
LOL! You really shouldn't swallow that dumbed down revisionism.
Why dont they just use the money that has already been earmarked for stimulus to pay for unemployment instead of borrowing more from the Chinese??
Golden State Off the Rails As Mass Transit Ridership Plummets
That was last January when they raised the fares on BART. OLD NEWS.
This month they raised the tolls on the bridge, so now BART ridership is picking up again.
As congestion pricing kicks in, drivers hit the brakes to save a buck
Bernanke .....hold that thought idiot, cause come Novemeber, your arse is in deep doodoo....
No need for revisionism at all, Willie. We're living it all over again: uncertainty caused by government intervention in the private economy, a tidal wave of spending on projects that are neither self-sustaining nor job creators, the coercive power of regulation wielded to compel industry to meet the fetishes of the Left, and the emergence of experts who think punitive tariffs will lead to prosperity.
We've seen this movie before. It doesn't end well.
Helicopter Ben spewing dollars like pixie dust!
We're living it all over again: uncertainty caused by government intervention in the private economy, a tidal wave of spending on projects that are neither self-sustaining nor job creators, the coercive power of regulation wielded to compel industry to meet the fetishes of the Left, and the emergence of experts who think punitive tariffs will lead to prosperity.
Nonsense, the clear and present danger to our Republic comes from the arrogant swindlers and thieves who have declared themselves "too big to fail."
"All the capital employed in paper speculation is barren and useless, producing, like that on a gaming table, no accession to itself, and is withdrawn from commerce and agriculture where it would have produced addition to the common mass... It nourishes in our citizens habits of vice and idleness instead of industry and morality... It has furnished effectual means of corrupting such a portion of the legislature as turns the balance between the honest voters whichever way it is directed."
--Thomas Jefferson to George Washington, 1792. ME 8:344
but I have a hunch that your Bay Area Bridge toll is more likely to be a revenue generator at a time when revenue is scarce than BART ever will be.
It doesn't matter.
BART was originally built using surplus tolls from the Bay Bridge anyway.
(History of the Bay Area Rapid Transit)
It's pretty silly to pit one against the other when San Francisco area commuters actually need both.
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