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Re: USA Economy 2-8-2011

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Le 30/07/11 22:42, Michael Angelo Ravera a écrit :
> On Jul 28, 11:32 am, "io_x"<a...@b.c.invalid>  wrote:
>> Are you scare for what could happen 2-8?
>> what do they say repubblicans?
>> where is the problem republicans-Obama?
>
> The biggest problem is that Obama wants a straight rasie in the credit
> limit without having to trim even the planned rate of increase in
> spending and the Republicans want a balanced budget at some point in
> the future (and preferably to write a requireent for it into the
> Constitution). The Tea Party faction of the Republicans wants a
> balanced budget NOW.
>

As you may know, to balance a budget you have 2 measures to do:

(1) Decrease spending
(2) Increase revenues.

The republicans propose that the poorest people do all the effort,
since as everybody knows, the poor are lazy (that's why they are poor)
and besides they are unwashed, mostly black or immigrants, and have many
other bad characteristics. They should pay the debts...

Then, their only proposal is that spending in health, education,
etc that mainly benefit the poor are cut so that the poor billionaires
can go on avoiding any taxes.

> What WILL happen is that things will go up to the last minute and
> either the Secretary of the Treasury will "find" extra money that
> extends the deadline for a few days or both houses will vote and the
> President will sign a temporary increase in the credit limit while
> they work out a greater compromise.
>

Yes. They will all agree that the poor are guilty, and they will
therefore increase the contribution of the poor for debt service.

> It is POSSIBLE that one side or the other will cave, but the most
> likely outcome is that we get a freeze on spending increases for a
> period of time and the credit limit will be increased by the amount
> that this reduces the planned rate of increase for the next 10 years.

I will bet that following items will go on increasing:

(1) Pentagon budget. The U.S.A make 43% of world military expenses.
    That will increase.

(2) Money for the poor banks and financial institutions that should be
    rewarded for making bad loans.

(3) Money for big corporations so that the U.S.A (for instance) pays to
    poor oil companies their research and debvelopment in generous tax
    cuts. Just to name one of them: General Electric doesn't pay any
    taxes to the U.S. Treasury. Nice isn't it?


> My guess is that they will push out the borrowing authority until some
> time in the Spring of 2012, probably after the first heavy round of
> presidential primaries in late March. April 15 would be strangely
> appropriate, but they couldn't hit it that close even if they tried
> because revenues and expeditures vary accordnng to ecconomic
> conditions and it is anybody's guess as to what will happen on that
> front.

They will push the whole issue after the election when the elected
candidate will do exactly the opposite of what he/she promised during
the campaign.

If you do not believe me just look at what happened during the last 
election.

The U.S.A. has the best democracy money can buy.

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[OT] USA Economy 2-8-2011 "io_x" <a@b.c.invalid> - 2011-07-28 20:32 +0200
  Re: [OT] USA Economy 2-8-2011 gazelle@shell.xmission.com (Kenny McCormack) - 2011-07-28 20:55 +0000
    Re: [OT] USA Economy 2-8-2011 John Gordon <gordon@panix.com> - 2011-07-28 22:03 +0000
      Re: [OT] USA Economy 2-8-2011 gazelle@shell.xmission.com (Kenny McCormack) - 2011-07-28 22:06 +0000
      Re: [OT] USA Economy 2-8-2011 Zbiggy <zbigniew2011REMOVE@gmail.REMOVE.com> - 2011-07-29 12:43 +0200
        Re: USA Economy 2-8-2011 Nick Keighley <nick_keighley_nospam@hotmail.com> - 2011-07-30 05:15 -0700
        Re: USA Economy 2-8-2011 Michael Angelo Ravera <maravera@prodigy.net> - 2011-07-30 13:22 -0700
          Re: USA Economy 2-8-2011 Patrick Scheible <kkt@zipcon.net> - 2011-07-31 18:03 -0700
            [OT] Date formats (was: USA Economy 2-8-2011) Ben Bacarisse <ben.usenet@bsb.me.uk> - 2011-08-01 13:56 +0100
              Re: [OT] Date formats Noob <root@127.0.0.1> - 2011-08-01 15:25 +0200
                Re: [OT] Date formats Ben Bacarisse <ben.usenet@bsb.me.uk> - 2011-08-01 14:32 +0100
  Re: [OT] USA Economy 2-8-2011 Uno <Uno@example.invalid> - 2011-07-29 22:29 -0600
  Re: [OT] USA Economy 2-8-2011 "io_x" <a@b.c.invalid> - 2011-07-30 09:16 +0200
  Re: USA Economy 2-8-2011 Michael Angelo Ravera <maravera@prodigy.net> - 2011-07-30 13:42 -0700
    Re: USA Economy 2-8-2011 gazelle@shell.xmission.com (Kenny McCormack) - 2011-07-30 21:26 +0000
    Re: USA Economy 2-8-2011 jacob navia <jacob@spamsink.net> - 2011-07-31 16:28 +0200
  Re: [OT] USA Economy 2-8-2011 jacob navia <jacob@spamsink.net> - 2011-07-30 23:03 +0200
    Re: [OT] USA Economy 2-8-2011 jacob navia <jacob@spamsink.net> - 2011-07-31 12:03 +0200
    Re: [OT] USA Economy 2-8-2011 "io_x" <a@b.c.invalid> - 2011-08-01 08:13 +0200
      Re: [OT] USA Economy 2-8-2011 jacob navia <jacob@spamsink.net> - 2011-08-01 20:53 +0200
        Re: [OT] USA Economy 2-8-2011 Keith Thompson <kst-u@mib.org> - 2011-08-01 12:31 -0700
  Re: [OT] USA Economy 2-8-2011 Keith Thompson <kst-u@mib.org> - 2011-07-31 12:20 -0700

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