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View Diary: Republicans have no clue how people manage their budgets, Part II (94 comments)

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  •  Some spending pays for itself. (11+ / 0-)
    We keep hearing the gov needs to spend more now because the economy is weak, but never hear a plan to pay for this borrowing.
    What is the rate of return on reducing energy bills by installing better insulation?  If that rate is higher than the Treasury Bond rate, we should be doing it.

    I see very little evidence that the national fiscal debate is truly concerned with actual finance.  It's a lot of Red Team/Blue Team bullshit.

    The single largest component of ARRA was tax cuts.  Not spending.  Doing nothing new whatsoever, just keep doing what you were doing.  No vision, no proposal, no process.

    -7.75 -4.67

    "Freedom's just another word for nothing left to lose."

    There are no Christians in foxholes.

    by Odysseus on Thu Mar 21, 2013 at 09:50:30 AM PDT

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    •  I think the story on that... (2+ / 0-)
      Recommended by:
      sethtriggs, catwho

      (talking about ARRA) is that the President really wanted to do a moonshot type program - a clean energy grid, for example.  But then his advisers came back and said it'd be very difficult and wouldn't put money into the economy right away - like a tax cut would, for example.  And that was that.  

      The other thing going on was that the administration SEVERELY miscalculated the length and depth of the recession (they get a little forgiveness, because at the time there weren't good numbers on how much the economy had shrunk; not total forgiveness, though, because even at the time ARRA was criticized for being too small to fully stimulate the economy).  So, doing a clean energy grid as a long term project didn't make sense, when they thought we just needed a one year, short term bump to the economy.  

    •  Yup... (11+ / 0-)

      America, as a nation, can borrow money at LESS than inflation.  We should be building high speed rail, high speed internet, building schools, repairing roads and bridges and investing in sustainable energy and education.  Big time.  Instead, we insist upon stuffing the fattest pig with seed corn in a wishful attempt that it will poop jobs.

      'Guns don't kill people, video games do - paraphrased from Lamar Alexander (Sen-R-TN)'

      by RichM on Thu Mar 21, 2013 at 10:52:12 AM PDT

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      •  Horrible mental image... (1+ / 0-)
        Recommended by:
        RichM

        Boehner stuffing seed corn up some Big Oil exec's patootey.

        I am nauseous now.

        "Never argue with an idiot. They will drag you down to their level, and beat you with experience every time." --Unknown

        by Subwoofer of the House on Thu Mar 21, 2013 at 11:23:33 AM PDT

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        •  Well... (0+ / 0-)

          My meaning was that we 'feed' the corn seed to pigs, not stuff them with it :)

          'Guns don't kill people, video games do - paraphrased from Lamar Alexander (Sen-R-TN)'

          by RichM on Thu Mar 21, 2013 at 12:59:13 PM PDT

          [ Parent ]

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