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| Gingrich on how to create jobs; makes sense to me | |
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| Tweet Topic Started: Dec 3 2009, 07:48 AM (760 Views) | |
| JBryan | Dec 3 2009, 10:21 AM Post #26 |
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I am the grey one
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Sounds like Ax favors something on the order of a great leap forward. |
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"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it". Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody. Eleanor: At my age there's not much traffic anymore. From The Lion in Winter. | |
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| Mikhailoh | Dec 3 2009, 10:25 AM Post #27 |
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If you want trouble, find yourself a redhead
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That's easy...
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| QuirtEvans | Dec 3 2009, 10:25 AM Post #28 |
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I Owe It All To John D'Oh
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We have dramatically underspent on infrastructure, over a period of DECADES. However, there's no way to fix that in one fell swoop. The phrase "the cure is worse than the disease" comes to mind. |
| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| Larry | Dec 3 2009, 10:29 AM Post #29 |
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Mmmmmmm, pie!
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Half of the stuff Ax listed have nothing to do with infrastructure, and aren't even the government's job to do. |
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Of the Pokatwat Tribe | |
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| Axtremus | Dec 3 2009, 11:31 AM Post #30 |
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HOLY CARP!!!
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Quote to add: * Fix / renew water distribution systems, sewage systems, and water treatment plants. These are things we don't see (and prefer not to see) everyday and townships have routinely underinvest in them in favor of more "visible" items, but the water & sewage systems are vitally important to sustain the quality of life as we know it. |
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| Axtremus | Dec 3 2009, 11:31 AM Post #31 |
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HOLY CARP!!!
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Bingo! We print them. |
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| Aqua Letifer | Dec 3 2009, 11:34 AM Post #32 |
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ZOOOOOM!
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Economic recovery. Ur doin it wrong. |
| I cite irreconcilable differences. | |
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| Mark | Dec 3 2009, 11:36 AM Post #33 |
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HOLY CARP!!!
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Printing unlimited amounts of it will destroy the currency. Is that your goal AX? The destruction of the Federal Reserve Note? Cool! Keep on printing them! |
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___.___ (_]===* o 0 When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells | |
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| kluurs | Dec 3 2009, 11:49 AM Post #34 |
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Fulla-Carp
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Actually, there's a good chance that's what's going to happen - print money. The easiest way to get rid of debt is through inflation. Pay off with "cheaper" dollars. Of course, there's a price for that - but just sayin - a good chance we'll see that - not in the next year or so - but it just feels like that's what is being planned on. |
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| Axtremus | Dec 3 2009, 11:49 AM Post #35 |
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HOLY CARP!!!
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Yes, it is unsustainable over the long term. But such massive government spending surge are not meant to be "long term" anyway. The "natural market place" is not functioning right now -- credit is still very constricted for every one except the very big financial institutions. The economic and social damages of prolonged high employment are deeply damaging. So when the private market is not functioning, the government should step in to fill the gap and help restore the market. |
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| Mikhailoh | Dec 3 2009, 11:57 AM Post #36 |
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If you want trouble, find yourself a redhead
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| Mikhailoh | Dec 3 2009, 11:58 AM Post #37 |
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If you want trouble, find yourself a redhead
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With what money, Ax? How do you pay for that when you are already in deficit spending? |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| 1hp | Dec 3 2009, 12:03 PM Post #38 |
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Fulla-Carp
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I don't know that Axtremus's suggestions will help create jobs, but putting in the infrastructure to take the country into the next 50 years is not an outrageous idea. Just look at the growth that's come out of the internet over the past 15 years. Putting in better infrastructure can only help expand on this. Most homes have a paltry internet connection still. Mobile data services are expanding, in some cases making people more productive. Think virtual offices, and working from home several days a week. Skype (with webcams) was unthinkable only 10 years ago. I know there's all these unions out there to deal with, but I still think we should expand the rail system nationwide and get more trucks off the road. If the dollar is going to be in the dirt, we might as well prepare to start shipping all the goods we're going to be exporting. |
| There are 10 kinds of people in this world, those that understand binary and................ | |
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| Jolly | Dec 3 2009, 01:15 PM Post #39 |
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Geaux Tigers!
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Spoken like a true hard currency man... |
| The main obstacle to a stable and just world order is the United States.- George Soros | |
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| Mark | Dec 3 2009, 01:22 PM Post #40 |
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HOLY CARP!!!
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If I did a hole in my yard and find a gold nugget do I have to pay income tax on that? Based on what exactly? |
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___.___ (_]===* o 0 When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells | |
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| QuirtEvans | Dec 3 2009, 01:35 PM Post #41 |
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I Owe It All To John D'Oh
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The definition of "income". |
| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| Copper | Dec 3 2009, 01:40 PM Post #42 |
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Shortstop
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I think the tax would be based on its value. Of course you don't know the real value until you sell it. You could make a guess and pay the tax on that, then pay tax on the gain or loss when you sell it. Be happy in your work. |
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The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy | |
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| Jeff | Dec 3 2009, 02:59 PM Post #43 |
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Senior Carp
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You forgot 1-200 nuclear power plants. Of course, this is all theoretical. The actual 'stimulus' bill was only 10-15% investment, and 85% or so simply wealth transfer to politically connected Dem interest groups. So the Republicans only want to "cut spending" and ignore needed infrastructure investment (which increases a society's wealth by increasing the value of its common capital stock, contrary to the criticisms above). But the Democrats only want to transfer wealth from those who actually produce it to those who vote Democrat. (Had to get that one in there. )Obama's rhetoric about infrastructure investment is correct in principle, but only serves as a cover for whatever confused wealth transfer bill is about to come out of Congress. Edited by Jeff, Dec 3 2009, 03:00 PM.
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| jon-nyc | Dec 3 2009, 03:04 PM Post #44 |
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Cheers
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Typical GOP, very specific about tax reductions. Spending cuts, no so much detail. In fact, none at all. |
| In my defense, I was left unsupervised. | |
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| Jeff | Dec 3 2009, 03:06 PM Post #45 |
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Senior Carp
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No. Ax's argument is excellent and correct. All the items above are a form of social investment which will likely increase the productivity and wealth generating ability of the whole society for a long time. Ax's only error is in thinking that any bill actually coming out of Congress will actually do this. These investments do not buy enough Dem votes in the short term, unlike wealth transfers to unions, cash for clunkers, and other forms of confused spending. Like many growth investments, they will take time to pay off, and thus Congress critters do not have much reason to vote for them. Edited by Jeff, Dec 3 2009, 03:16 PM.
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| jon-nyc | Dec 3 2009, 03:08 PM Post #46 |
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Cheers
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Yeah, funny how the diagnosis changes from year to year but the prescription stays the same. Remember during 2000, when we went from boom times and surplus to bust and recession? In the former, we needed to cut taxes beacause 'its the people's money'*. Then we needed to cut taxes because we needed to prime the pump. *That it was also 'the peoples debt' that the surplus was paying down seemed to escape their notice. |
| In my defense, I was left unsupervised. | |
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| Jeff | Dec 3 2009, 03:10 PM Post #47 |
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Senior Carp
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Inviting union leaders to a creating job summit is like inviting Bernie Madoff to a conference on accounting standards. As for journalists, why not invite circus clowns? That would be just as useful and relevant. Edited by Jeff, Dec 3 2009, 03:12 PM.
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| Big John | Dec 3 2009, 03:12 PM Post #48 |
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Senior Carp
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| JBryan | Dec 3 2009, 03:15 PM Post #49 |
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I am the grey one
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Ax's argument might begin to make sense if we had the money to spend on all these things. We don't. Of course, I am with those who don't believe the federal government should not be trying to do a lot of these things at all. You have demonstrated amply why. |
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"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it". Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody. Eleanor: At my age there's not much traffic anymore. From The Lion in Winter. | |
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| Axtremus | Dec 3 2009, 07:03 PM Post #50 |
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HOLY CARP!!!
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We print the money. |
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(Had to get that one in there. 

11:35 AM Jul 11