Quote: (02-08-2016 02:31 PM)Traktor Wrote:
Quote: (02-04-2016 02:25 AM)speakeasy Wrote:
(02-03-2016, 03:00 PM)Foolsgo1d Wrote: [quote]Quote:
The US is already in debt up to its eyeballs but socialists don't believe in debt from my experience. They only believe in OPM, Other Peoples Money.
At least the left wants to raise taxes to pay for their spending. The right just charges it to the credit card and kicks the can down the road. If I have the choose between the two I take the left on fiscal responsibility.
Food for thought
http://money.cnn.com/2016/02/08/news/eco...d=21086984
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Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%.
Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. The first comprehensive look at the impact of all of Sanders' spending and tax proposals on the economy was done by Gerald Friedman, a University of Massachusetts Amherst economics professor.
Friedman found that if Sanders became president -- and was able to push his plan through Congress -- median household income would be $82,200 by 2026, far higher than the $59,300 projected by the Congressional Budget Office.
America's biggest problems are the inefficiencies of its tax system, government fiscal mismanagement not to mention the prison and military insdustrial complex which gobbles up a gargantuan amount of tax dollars. General Eisenhower, perhaps the last of the true great American leaders warned against this back in 1961. The worst damage done to America happened on the Republicans watch, in particular Nixon, Reagan and Dubya.
Sanders is simply saying that instead of ploughing trillions into the army and pointless foreign policy follies, how about investing that money into infrastructure, education and tackling youth unemployment.
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Many presidential hopefuls say their economic programs would boost growth. Donald Trump and Jeb Bush justify their big tax cuts by saying GDP would grow at a 4% rate. But their plans have been panned by experts as overly optimistic.
Friedman, however, argues that Sanders' plan would be more stimulative because it is pouring money into the economy, as opposed to cutting taxes. Several of Sanders' proposals -- such as spending $1 trillion on infrastructure -- will happen in the first few years of his administration.
As bad as Sander's plan is (it's just spending money on debt), it's still way better than what we have now. That's how fucked we've been over the past 8 years - the gov has still been spending tons of cash, but probably less than 10% has gone to the people.
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