'Murica! (173 Viewers)

[Maddy]

Brilliant. Sanders is the man

 

Buy on AliExpress.com

[Osman]

He reminds me so much of one of my fav characters...

 

[Maddy]

Stiglitz, always worth the tiem.

It’s time to rewrite the rules—to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.

Inequality is a choice.

The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story—the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing, and health care—essential ingredients for individual success—are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future.

Some economists claim that today’s bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

@Ocelot might be of your interest: http://books.wwnorton.com/books/detail.aspx?id=4294990564

 

[GordoDeCentral]

Stiglitz, always worth the tiem.


@Ocelot might be of your interest: http://books.wwnorton.com/books/detail.aspx?id=4294990564

waah waah while the banking system needs a overhaul, the other complaints are just plain old communist rhetoric

 

[IrishZebra]

Fuck all of you Martin O'Malley for Prez

 

[Hængebøffer]

waah waah while the banking system needs a overhaul, the other complaints are just plain old communist rhetoric

"Everything is politics
Except for politics, which
is economy."

 

[Bjerknes]

This is why you cannot vote for Democrats, and most Republicans, if you are a sane, financially-responsible individual.



"US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant

http://www.zerohedge.com/news/2015-...hief-us-accountant-warns-americans-have-lost-

What's the word for our fiscal situation? Stunning? Shocking? Desperate? In recent testimony before the Senate Budget Committee, Boston University Economics Professor Laurence Kotlikoff, in effect, told the Committee that all of these terms are pathetically inadequate to describe our true fiscal situation. In compelling testimony, Kotlikoff argues that the federal fiscal situation is much worse than the CBO estimates let on. The reason is that CBO's debt estimates do not take into account the full financial obligations the government is committed to honor, especially for future payments of Social Security, Medicare, and interest on the debt. He asserts that the federal government should help the public understand the nation's true fiscal situation by using what economists call "the infinite-horizon fiscal gap," defined as the value of all projected future expenditures minus the value of all projected future receipts using a reasonable discount rate.

What difference does the fiscal gap approach make in our understanding of the true federal debt? CBO tells us that the national debt was a little less than $13 trillion in 2014. But the fiscal gap in that year as calculated by Kotlikoff was $210 trillion, more than 16 times larger than the debt estimated by CBO and already judged, by CBO and many others, to be unsustainable. If a $13 billion gap is unsustainable, what term should we apply to a $210 trillion gap? Kotlikoff also calculates that the fiscal gap is equal to about 58 percent of the combined value of all future revenue. Thus, we would need to reduce spending or increase taxes by enough to fill that 58 percent gap if we wanted to put the federal budget on a path to solvency that balances the interests of those now receiving benefits and those who hope to receive benefits in the future.

http://www.brookings.edu/research/opinions/2015/04/08-federal-debt-worse-than-you-think-haskins

Increasing taxes will only cause less money to be circulated in the real economy. Therefore, tax receipts will go down over time, unless some type of economic boom occurs (which it won't). So in order to stave off our fiscal doom, the only logical conclusion is to cut spending and various programs, which the Democrats will never do and the Republicans will only do in certain places while spending more on the military. In other words, we are completely fucked in the long run, especially my generation.

But many people will vote for Hillary despite not even liking her for the supposed "social issues" she's so strong on. What social issues? Mostly meaningless garbage that doesn't even matter anymore. Plus she should already be in the jail. She's like a big fat Chris Christie of the Democratic party.

 

[Osman]

This campaign cant get any more surreal

 

[Bjerknes]

The debate tonight is focused on the economy. It is the most important topic, after all.

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Rand owning Rubio on military spending. Quotes of the night.

 

[.zero]

"No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other."
-- Matthew 6:24

Bitches

 

[Bjerknes]

And Rand owning Trump on the TPP.

It just doesn't stop, somebody elect this man already.

 

[acmilan]

A republican debate focused on the economy? After the first 10 min where everyone will lay out there econ plan to "just make things better and create jobs and prosperity for everyone", they'll probably move onto the really important topics like bible quotes and references to god and such.

 

[Enron]

A republican debate focused on the economy? After the first 10 min where everyone will lay out there econ plan to "just make things better and create jobs and prosperity for everyone", they'll probably move onto the really important topics like bible quotes and references to god and such.

And then Ben Carson talks about how scientists discovered that the Pyramids are alien constructed grain storage.

- - - Updated - - -

The debate tonight is focused on the economy. It is the most important topic, after all.

- - - Updated - - -

Rand owning Rubio on military spending. Quotes of the night.

Rand should own, this is his bread and butter. Hopefully, he can move up a little after this.

 

[Trequartista]

Gosh, all these fools except Rand and Trump want a no fly zone in Syria and Iraq.

They want to start WW3 this bad?

 

[Enron]

Gosh, all these fools except Rand and Trump want a no fly zone in Syria and Iraq.

They want to start WW3 this bad?

How effective is a no fly zone going to be against ISIS? They don't have planes.

 

[Bjerknes]

Jeb just said there will never be another financial crisis... under his leadership.

Rand should own, this is his bread and butter. Hopefully, he can move up a little after this.

Rand asked the crowd, "how can you say you're a conservative when you promote limitless military spending?" And needless to say, some of the other candidates started leaking various bodily fluids.

 

[Trequartista]

How effective is a no fly zone going to be against ISIS? They don't have planes.

It's aimed at Russia.

 

[Bjerknes]

Gosh, all these fools except Rand and Trump want a no fly zone in Syria and Iraq.

They want to start WW3 this bad?

How effective is a no fly zone going to be against ISIS? They don't have planes.

They want the no fly zone for Russia. You know, to stop bombing our buddies, ISIS.

These folks should be eliminated just for those statements alone. Send them to fucking Guantanamo under the NDAA and Patriot Act. And I'm serious about this, they need to be locked up under existing laws.

 

[Enron]

It's aimed at Russia.

That's also retarded.

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They want the no fly zone for Russia. You know, to stop bombing our buddies, ISIS.

These folks should be eliminated just for those statements alone. Send them to fucking Guantanamo under the NDAA and Patriot Act.

The moderators should be able to press a button and drop the candidates into a FEMA camp train.

 

[Trequartista]

They want to be Isis' air force.

Rand had the guts to say that the USA fund and arm Isis.