davebodner wrote:Domenici-Rivlin and Simpson-Bowles are two of the biggies.
I didn't say Career Political Staff, but I'll try to be clearer. You're talking about the people who work in the White House or on Capitol Hill--or want to. Those people don't create the numbers we're talking about. I'm talking about your basic, boring bureaucrat without any political connection. Again, if you have better numbers, let's see the source.
You're confusing borrowing and lending, and the difference between the Federal Reserve and the US Treasury. The Fed has been holding down the rate it charges banks when the banks borrow overnight from the Fed. If that goes on too long, they may drive up inflation, which will increase what the Treasury has to pay when it borrows money (i.e. issues bonds and T-bills) on the open market. T-bills and bonds are sold in an auction-type scenario. It's entirely subject to the free market.
Well at least I 'm now beginning to understand how people with the lack of qualifications and integrity seen in people presently in the Government get elected and/or hired.
I'm not sure if this is meant as a dig at me. For now I'll assume it isn't.[/QUOTE]
I looked at both plans and it seems to me the raise the tax for the individual and lower corporate tax. They reduce Health care funding but demand more health care and they do little of anything to curb or even explain why we are spending tons of money sailing fleets around the world.
Let us see a plan that pulls our millitary back to 250 mile radius of this country, ends foreign aid, reduces Congress cost by a factor of 50% and ends all federal aid to corporations, projects and charities.
I'm was talking about the same boring bureaucrates as you, don't you believe they have learned to anticipate what the requester is going to ask for and that they are smart enough to supply the answers to him that make him look good?
If the market is artificially manipulated it is artificially manipulated.
Basic free market says lower demand lower prices, higher demand higher prices. What has happened since 2008 demand for most products has fallen but prices have going up. Imagine that.
Car companies claimed they could not give a car away, yet I spent 2 years finding one that would even begin to make a deal.
Banks are given Fed money to loan, instead they bought more land and built more banks. They offer no interest on savings but charge interest and "costs" that make the loans carry extraordinary costs compared to the interest paid on the money they got to make the loans.
That same effect is seen in the interest paid on these bonds. The artifical manipulation of the this economy has kept they interest rates low.
And no that comment was not about you unless you fit into the group that thinks the president and congress is doing what is right for this country.
