Paul Ryan: best way to encourage borrowing is by raising interest rates

You conservatives? I know its easier to stereotype people.

I think Bush was a fool, though I did like Reagan as he seemed to know his and the governments limitations.

I don't think we need any more trust fund babies or community organizers in office. God forbid we elect someone that has actually accomplished something in their lives besides being on the Government teet their whole lives.

 

I don't think you have any idea what a community organizer is. Successful ones have accomplished more in their lives than any two average posters on this board.

We need far more community organizers in govt. They have seen real problems, and taken steps to solve them, and gotten others involved in solving problems. That's a great resume.

 

not to mention obama could have gotten a high paying job out of harvard if he wanted. god forbid we want someone who actually wanted to make people's live better instead of just making money.

 

so you aren't conservative now?

 

Yes, much better an actor than community organizer. Courtesy of Rachel Maddow:

He signed a bill that gave amnesty to undocumented immigrants. He grew the size of the federal government and the budget, added a whole new cabinet level agency and added tens of thousands of government workers to the federal payroll.

He tripled the deficit. He bailed out and expanded social security with a big fat tax increase. He raised corporate taxes by hundreds of billions of dollars. He raised taxes on gasoline.

He, in fact, signed into law the largest tax increase in history. He supported federal handgun controls. He called for a world without nuclear weapons. He was Ronald Reagan.

Are you really sure you liked Reagan?

 

but reagan said gov't isn't the solution, its the problem (or something like that), that sounded so freakin cool

 

I don't mind deficit spending to evade a nuclear war. Reagan shot up the deficit to bankrupt the Russians and it worked. Lowering top marginal tax rates allowed investment and the economy to flourish. This jump start affect paved the way for the surplus of the 1990's.

I'll take those short-term deficit issues anyday with the benefits.

But hey lets raise income tax levels from 35% to 43% (medicare) in 2013. In areas with state and local taxes it will be over 50%! That will push investment. The government is the best allocator of capital. They are so efficient and should run and have their hands in more industries.

After all Fannie and Freddie did really well!! Lets give them more to run.


Its been tried boys and girls. Its called California. Look at risk of failures of muni bonds and hardest hit economies during this recession: California, Illinois and Detroit.

Those locations are the pinnicle of your silly ideologies!! Lets try it out on the whole USA! Maybe every state will have 500 billion in underfunded pensions like California or have double digit employment like Cali, Chi-town and Detroit!

Sorry boys your ideology has been tried and its the worst hit areas in the nation and the world. You failed.

The fact is unless their was a huge blowup in the financial markets that was unprecedented in the velocity and scope, Obama would have lost to John McCain (the worst Republican candidate ever!)

 

oh lord, not this crap,

A) as if the Soviets had a sustainable economy

B) as if that was his intended goal

 

So you're OK with deficit spending to avoid nuclear war, but not OK with deficit spending to avoid a great depression? Outstanding.

Did you just make this up?

Which would be lower than it was under your hero, Reagan.

Those places failed because private businesses - GM/Chrysler/Ford in the case of Detroit, and banks in the case of California - improperly allocated capital and subsequently collapsed.

Those aren't facts. In fact, they are the opposite of facts. They are completely unfounded and unsupported by the facts.

I find it amusing that you want to lower taxes while simultaneously b****ing about the deficit. Take a look at this. Study it. Think about it. Now consider how messed up your logic is:

 

damn, Major on some Samfisher v Basso type stuff

 

Wow, I think we need someone in office who's strong enough to both raise taxes and cut spending. That would kill both support from Democrats and Republicans. Eventually, we'll be at a tipping point where it needs to be done.

 

When did I ever say i'm not ok with deficit spending? With the 2-year treasury bond yielding around .50% we should spend more and re-finance our debt at these levels.

Raising taxes is what they did in the great depression which prolongued it.

Keep spending going on real projects, not long-term entitlements that kick in years from now.

Why do you fools want to raise taxes in a severe recession??

 

Great incentive and thinking guys! We're barely coming out of the worst recession since the great recession and you guys want us to raise taxes.

That is just nuts!

Why would anyone raise taxes on anyone let alone the business owners that hire people??

Read a book! Read a book!

 

Top level will be 35% to 39% to 43% including medicare tax at the highest bracket by 2013. Talk to any tax advisor.

 

Laughable. Union's destroyed those companies, that is a basis of the extreme leftist stench on this board. They are virtually 100% supporters of the the Democrats. This is not a tale, but a truth.

California has made it so bad for business that they just continue to leave.
Taxes and restrictions are so high that they can't surpass it as attractive for business even though its beautiful and a dream to live in.

Unemployment rates don't lie. The high taxes and restrictive, intrusive government there pushes away jobs and makes it like a more socialized economy. An even wider gap between the rich and the poor.

 

Why would you include the Medicare tax in your 2013 number (43%), but not in your 2010 number (35%?). That's either dishonest or ignorant. The medicare tax ALREADY EXISTS.

Except that banks aren't unionized. You'll need to do more than repeat your talking points here. Banks and car companies operate in very different ways - both totally failed.

California has tough regulations on business. It also has plenty of business, as shown by it's growth rates over the last 20+ years. Their problems have to do with direct proposition government gone bad, along with a huge property valuation bubble caused by free market economics.

Except that if you look at all 50 states, there is no correlation between unemployment rates and liberalness of the state/economy. There are plenty of conservatively run states in just as big a mess as any other. The only reason California is notable is because it has been such a successful state - the bigger they grew, the harder they fell for the most part. That's especially true on both coasts where you had the biggest property bubble.

Nice try, but nothing you said was accurate.

 

lol @ all of you.

interest rates should be higher but not to encourage lending. They should be raised to encourage saving.

Deficit spending right now isn't avoiding anything. Its prolonging everything.

falling prices doesn't necessarily mean there is less money, it means there is less money being spent, but that money doesn't disappear. People will always find the arbitrage opportunities in between. In short, the bottomless deflationary death spiral is a myth designed by economists for the benefit of bankers to steal your money.

 

The goal IS to eventually have higher, "normal" interest rates. If the FED can get us back to growth and higher inflation (and out of the deflation danger zone), then interest rates will also go back up.

Ryan seems to have cause and effect mixed up. A stronger economy will lead to higher interest rates, not the other way around.

There is a danger though, when the FED promises 0% interest rates for an extended period of time. That's like promising 10% unemployment for an extended period of time.