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10 people who led us to the ‘fiscal cliff’
Marketwatch ^
| Nov. 21, 2012, 12:55 p.m. EST
| Rex Nutting
Posted on 11/21/2012 10:50:23 AM PST by Ernest_at_the_Beach
click here to read article
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To: FerociousRabbit
>> I saw Art Laffer listed and stopped reading further.
I saw that rather than a simple article, it’s yet another one of those “click through ten damn pages so we get more advertising $$$” and closed the page immediately.
21
posted on
11/21/2012 11:21:52 AM PST
by
Nervous Tick
("You can ignore reality, but you can't ignore the consequences of ignoring reality.")
To: FerociousRabbit
Same here.
Anyone posting Laffer as #1 and Obama is just trying to appeal to populists across the board.
Plus this guy is jockeying for ad revenue by putting them on 10 different pages.
To: Ernest_at_the_Beach
23
posted on
11/21/2012 11:26:06 AM PST
by
US Navy Vet
(Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
To: TurboZamboni
The reason why default is never mentioned as a possibility by the Socialist media, is because default will destroy U.S. gubmint credit, making it impossible for gubmint to borrow. Maybe it would force balanced budgets for a generation? Default would also kill Progressivism. All Progressive programs depend on a strong central/Federal gov't giving top-down mandates, AND using money to back it up. Imagine a Bankrupt Federal Gov't (I know, they have printing presses). How would the EPA, NPR, ACORN, SNAP, etc. etc.. survive?
They wouldn't!
24
posted on
11/21/2012 11:29:35 AM PST
by
PGR88
To: Ernest_at_the_Beach
A website article that has one paragraph per page in order to maximize their ad revenue by having you "view" all of those ads on all of those pages coupled with Art Laffer as villian #1 and saying
"Theres only one problem: Laffers ideas didnt pan out in practice: Tax cuts dont pay for themselves. Tax cuts are a major cause of our $16 trillion national debt."What a joke. I didn't read past there.....
25
posted on
11/21/2012 11:35:50 AM PST
by
SW6906
(6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
To: Armando Guerra
As you are no doubt aware, this is just a variant of the basic principle that when selling a product there is a price that maximizes net profit.
Lowering price will generally increase number of units sold, but will by definition reduce profit per unit. At some point, one begins losing money on each unit sold. No, at that point you cannot make it back in volume!
OTOH, raising the price always increases the profit per unit, but normally will decrease the number of units sold.
In a monopoly system, which of course taxation is, there is always a specific point where these two factor balance out and the greatest total profit (or tax revenue) is generated.
One can argue about where that point is, but I find it really difficult to imagine anyone could seriously contend the point doesn’t exist.
To: Ernest_at_the_Beach
Anyone who thinks that the Congress is going to arrive at an agreement to avoid the fiscal cliff. Barring an EO from zero that circumvents the Congress (AGAIN!), they will not agree on the measures necessary to avoid the looming economic disaster in 2013.
If the Senate hasn’t produced a budget in 3 years, they aren’t going to be able to do this in 5 weeks . . . . . . . . unless Boehner cries and caves . . . . . . AGAIN!!
(Boehner is a primary reason that I no longer support the RNC. BUT - he’s only one of many!)
27
posted on
11/21/2012 11:49:22 AM PST
by
DustyMoment
(Congress - another name for white collar criminals!!)
To: Ernest_at_the_Beach
The author is nuts. Cause #1 for the fiscal cliff is the legally responsible party.
That would be Congress.
Starting with the loss of Congress in Bush's presidency until now Congress has spent like a payday soldier at Octoberfest.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
28
posted on
11/21/2012 11:51:44 AM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: everyone
29
posted on
11/21/2012 11:58:04 AM PST
by
onyx
(FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
To: Wiser now
I agree with that Dodd and Frank should be at the top of the list. I also nominate Pelosi and Reid. They had a majority for four years and ran up the numbers with no hesitation.
For that matter, all democrat Senators and Congressmen as well as their voters share large blame in this. Where did we get the idea that the Federal Treasury was Santa Claus with an infinite bag of goodies. What percentage of recipients don’t need all of what they are taking and/or have lived irresponsibly causing their own downfall?
I had stopped reading any article with Nutting’s mugshot on it, but this article just looked too ridiculous to pass.
To: Ernest_at_the_Beach
Greed for ... a strong military
Being in favor of a strong military is now considered "greedy"? How can anyone write that sentence and not realize that they are a complete idiot?
To: US Navy Vet
The leftists love the list....
32
posted on
11/21/2012 12:34:31 PM PST
by
Ernest_at_the_Beach
((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
To: onyx
33
posted on
11/21/2012 12:35:39 PM PST
by
Ernest_at_the_Beach
((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
To: cruise_missile
34
posted on
11/21/2012 12:48:12 PM PST
by
lonestar67
(I remember when unemployment was 4.7 percent)
To: FerociousRabbit
Me too! The left has never given credit to Reagan for the job his tax cuts did in getting us out of the nightmare economy that Carter's administration left. The sad thing is that the right has never properly articulated Laffer’s theories either! I also got tired of having to go click on another page just to see the name of the next person on the list.
35
posted on
11/21/2012 12:56:21 PM PST
by
srmorton
(Deut. 30 19: "..I have set before you life and death,....therefore, choose life..")
To: FerociousRabbit
Me too! The left has never given credit to Reagan for the job his tax cuts did in getting us out of the nightmare economy that Carter's administration left. The sad thing is that the right has never properly articulated Laffer’s theories either! I also got tired of having to go click on another page just to see the name of the next person on the list.
36
posted on
11/21/2012 12:56:21 PM PST
by
srmorton
(Deut. 30 19: "..I have set before you life and death,....therefore, choose life..")
To: FerociousRabbit
Me too! The left has never given credit to Reagan for the job his tax cuts did in getting us out of the nightmare economy that Carter's administration left. The sad thing is that the right has never properly articulated Laffer’s theories either! I also got tired of having to go click on another page just to see the name of the next person on the list.
37
posted on
11/21/2012 12:56:21 PM PST
by
srmorton
(Deut. 30 19: "..I have set before you life and death,....therefore, choose life..")
To: srmorton; Jim Robinson
JimRob, FR feature request:
It seems like it shouldn't be too terribly difficult to code something that checks each post against the poster's last one. If it's an exact match, then drop it.
Just sayin'
38
posted on
11/21/2012 1:04:22 PM PST
by
TChris
("Hello", the politician lied.)
To: Wiser now
Lefty white guy wth a beard talking about the economy. It is Krugman without the smugness.
After Bill Clinton, I thought it would be Greenspan. Bang! Stopped reading after that.
39
posted on
11/21/2012 1:18:26 PM PST
by
EQAndyBuzz
(George W. Bush is the Emmanuel Goldstein of the modern era.)
To: Ernest_at_the_Beach
somebody forgot the /s switch...
40
posted on
11/21/2012 1:43:11 PM PST
by
mo
(If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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