Good news about deficit

Onceler said:
It's not germane; it's a separate argument. And even on that argument, you don't have much of a leg to stand on; like I said, there is disagreement in the economic community. I never said "there is unanimous consensus that the trends are positive for avoiding double-dip." Clearly, that wouldn't be true. I think the news of the past few weeks has tipped the scales in that community, however.

You have said, quite a few times now, that my reference to a danger of double-dip means that MY opinion is that the trends are toward a double-dip.

You were wrong.
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ok, you really didn't mean to say there was a trend. it looked inherent (as i said it was inherent) to me because i had read there are trends that show there will be a double dip....i guess you don't believe those people who say that...

i was wrong, you never meant it, i still think you don't know what you're talking about, but perhaps you just don't believe those people who say there is a trend for a double dip, you believe it is merely a risk, not a trend...

now, lets see if you can admit you were wrong about me twisting your words regarding 'standing by what i said' when i added 3 question marks
 
Yurt said:
ok, you really didn't mean to say there was a trend. it looked inherent (as i said it was inherent) to me because i had read there are trends that show there will be a double dip....i guess you don't believe those people who say that...

i was wrong, you never meant it, i still think you don't know what you're talking about, but perhaps you just don't believe those people who say there is a trend for a double dip, you believe it is merely a risk, not a trend...

now, lets see if you can admit you were wrong about me twisting your words regarding 'standing by what i said' when i added 3 question marks
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Not a chance. That's the "Yurt way" - disguise an accusation w/ an "innocent" question, as w/ the Obama/superpower thread. You deserve no kudos whatsoever for finally getting around to admitting your mistake, after the merry chase you have led here.

As for "don't know what I'm talking about," Barclay's just announced that they now think the U.S. will avoid a double-dip, adding their voice to a growing chorus of economists who are changing their views on the subject. We could probably debate that all day, but it is hardly a fringe, uninformed opinion.
 
Whether there are indications of a double dip or not, a mere 7% decrease from the biggest bailout/stimulus spending package in all of history is NOT a good sign. Considering how incomprehensibly HUGE spending was a year ago, a 7% decrease is more worrisome than encouraging. We are still spending money faster that the economy can handle, and that means long term trouble down the road. Spending is NOT coming down to normal levels and will not anytime soon - THAT is what a 7% drop from the highest level of spending in all history really means.
 
Good Luck said:
Whether there are indications of a double dip or not, a mere 7% decrease from the biggest bailout/stimulus spending package in all of history is NOT a good sign. Considering how incomprehensibly HUGE spending was a year ago, a 7% decrease is more worrisome than encouraging. We are still spending money faster that the economy can handle, and that means long term trouble down the road. Spending is NOT coming down to normal levels and will not anytime soon - THAT is what a 7% drop from the highest level of spending in all history really means.
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The reduction is the deficit is a result of increases revenues which are increasing due to improvement in the economy. It's good news. It doesn't mean that all our problems are solved, but it is good news.
 
NigelTufnel said:
The reduction is the deficit is a result of increases revenues which are increasing due to improvement in the economy. It's good news. It doesn't mean that all our problems are solved, but it is good news.
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Well, of COURSE tax revenues are up, or haven't you been paying attention to the kinds of taxes and fees the government has been imposing the last year. If we were under the same tax codes and revenues were up, it MIGHT be something to put a light in the window about. But, contrary to liberal "government is all" thinking, tax revenues do not, in themselves, indicate anything positive in the general economy.

Also, a point you gloss over (or did you mean to imply it does not exist?) is spending itself is actually diminished somewhat as the first of the stimulus and bailout packages have expired, and the second set are still in the start-up phase. Wait until those kick in this summer, and spending will go back up, as will the deficit.

We are looking at nothing more than a brief respite in deficit figures, which mean nothing in the larger picture.

Want economic good news, there are indicators out there showing some good news. Production is up. Consumer spending is also coming around, or at least it is not declining farther. Confidence indices are mostly holding steady if not edging up a bit. Unemployment is holding steady or declining, depending on the measure used.

Want to claim good economic news, use those figures. Because the deficit spending news just isn't all that good.
 
"Want economic good news, there are indicators out there showing some good news. Production is up. Consumer spending is also coming around, or at least it is not declining farther. Confidence indices are mostly holding steady if not edging up a bit. Unemployment is holding steady or declining, depending on the measure used"

Everything you listed contributes to higher revenues. It's mischaracterizing to suggest that higher revenues we are seeing are the result solely or even significantly from all these new taxes I keep hearing about, but don't really see (in fact, the IRS just announced last week that the average tax bill as a % of income is down from last year).

I still don't see the massive tax increases that the TEA group & others keep talking about. When I see news that the deficit is going down, I find that encouraging, and the last thing on my mind is to try to find ways to belittle & marginalize the figure being highlighted.
 
Onceler said:
Not a chance. That's the "Yurt way" - disguise an accusation w/ an "innocent" question, as w/ the Obama/superpower thread. You deserve no kudos whatsoever for finally getting around to admitting your mistake, after the merry chase you have led here.

As for "don't know what I'm talking about," Barclay's just announced that they now think the U.S. will avoid a double-dip, adding their voice to a growing chorus of economists who are changing their views on the subject. We could probably debate that all day, but it is hardly a fringe, uninformed opinion.
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as i thought, nothing but projection. i admit i am wrong, but you're not man or honest enough to do so, yet you constantly accuse me of not be able to.

i asked a question, i did not make a statement. a question seeks clarification, you know that, you're just continuing your dishonest hackery and showing everyone that all your accusations against me are nothing but projection.

thanks for proving me right about the projection, i knew you wouldn't be honest and admit you're wrong...:clink:
 
Yurt said:
so you don't stand by what you said in thsi thread??
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Onceler said:
Thanks for so quickly proving my point - yet again - about twisting the words of others (not that it really needed much more proof; seriously - it is basically all you do).
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you claimed i twisted your words, yet, i added two question marks and included the blue question mark smilie so there would no doubt i was seeking or asking for clarification....you lied that i twisted your words
 
Yurt said:
you claimed i twisted your words, yet, i added two question marks and included the blue question mark smilie so there would no doubt i was seeking or asking for clarification....you lied that i twisted your words
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Wow; what a glutton for embarassment. As others have pointed out (not just me saying it), you clearly twisted my words and continued to claim that I stated that there was a trend toward a double dip. I did no such thing, and believe no such thing.

Any more embarassing old threads that you'd like to dredge up? I have no problem whatsoever responding to your usual red herrings again & again....
 
Onceler said:
Wow; what a glutton for embarassment. As others have pointed out (not just me saying it), you clearly twisted my words and continued to claim that I stated that there was a trend toward a double dip. I did no such thing, and believe no such thing.

Any more embarassing old threads that you'd like to dredge up? I have no problem whatsoever responding to your usual red herrings again & again....
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:palm:

how you can be this dishonest is beyond me....the two quotes clearly do not reference the double dip issue, it references your accusation that i twisted your words regarding standing by what you said....its why i gave the direct link, because if you click on it, your accusation has zero to do with double dip

which btw, i said i was wrong, and that you didn't mean it was a treand, but don't worry, i don't expect you admit you're wrong, ever
 
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