myiW Current Conditions and Forecasts Community Forums Buy and Sell Services
 
Hi guest · myAccount · Log in
 SearchSearch   ProfileProfile   Log in to check your private messagesLog in to check your private messages   RegisterRegister 
Balancing the budget
Goto page Previous  1, 2, 3, 4, 5, 6, 7, 8
 
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions
View previous topic :: View next topic  
Author Message
real-human



Joined: 02 Jul 2011
Posts: 14838
Location: on earth

PostPosted: Sun Dec 15, 2013 9:12 pm    Post subject: Reply with quote

reinerehlers wrote:
I was responding to Pueno's comment about gladly paying 90% taxes- read quote attached to my comment...
Maybe you just do not have the ability to understand a clever comment? or maybe you were just making obnoxious commentary to derail a discussion like you do. This could be a personality defect when this is done on many threads that I see.
_________________
when good people stay silent the right wing are the only ones heard.
Back to top
View user's profile Send private message
swchandler



Joined: 08 Nov 1993
Posts: 10588

PostPosted: Mon Dec 16, 2013 10:15 pm    Post subject: Reply with quote

The following New York Times commentary, 'Why Inequality Matters', by Paul Krugman is definitely worth reading.

http://www.nytimes.com/2013/12/16/opinion/krugman-why-inequality-matters.html?ref=politics&_r=0

"...there was a remarkable bipartisan consensus in Washington in favor of financial deregulation — a consensus justified by neither theory nor history. When crisis struck, there was a rush to rescue the banks. But as soon as that was done, a new consensus emerged, one that involved turning away from job creation and focusing on the alleged threat from budget deficits.

What do the pre- and postcrisis consensuses have in common? Both were economically destructive: Deregulation helped make the crisis possible, and the premature turn to fiscal austerity has done more than anything else to hobble recovery. Both consensuses, however, corresponded to the interests and prejudices of an economic elite whose political influence had surged along with its wealth.

This is especially clear if we try to understand why Washington, in the midst of a continuing jobs crisis, somehow became obsessed with the supposed need for cuts in Social Security and Medicare. This obsession never made economic sense: In a depressed economy with record low interest rates, the government should be spending more, not less, and an era of mass unemployment is no time to be focusing on potential fiscal problems decades in the future. Nor did the attack on these programs reflect public demands.

Surveys of the very wealthy have, however, shown that they — unlike the general public — consider budget deficits a crucial issue and favor big cuts in safety-net programs. And sure enough, those elite priorities took over our policy discourse."
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions All times are GMT - 5 Hours
Goto page Previous  1, 2, 3, 4, 5, 6, 7, 8
Page 8 of 8

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

myiW | Weather | Community | Membership | Support | Log in
like us on facebook
© Copyright 1999-2007 WeatherFlow, Inc Contact Us Ad Marketplace

Powered by phpBB © 2001, 2005 phpBB Group