Obama equal not change and same faces

[Jim Jeffries]

Absolutely excellent. He chose the BEST people to implement HIS change policies. You have to balance experience with fresh faces to get the job done right.

Do you find it difficult to breathe with your head up his a$$?

[Mike Tyson77]

osamabama is going to bring down this country. so sad

[War For 94]

He's just another Zionist pig.

[BmoreBrawler]

yep, as predicted...

Why has Obama surrounded himself with people who supported the war in Iraq?

Why has he chosen economic advisers who didn't see the crisis coming?

Why did he say "deficits dont matter" and then turn around and tell the governors that "we can't just keep printing money?"

[squealpiggy]

where would you like him to get his cabinet from? outside the government? outside the country?.. pick up billy joe who works at 7-11?

How about "Joe" the "plumber"? He can give advice on foreign policy and fix the sink in the White House (but if you want it done properly you might have to call a real plumber later).

Why did he say "deficits dont matter" and then turn around and tell the governors that "we can't just keep printing money?"

This is an easy one: Deficits are a normal part of modern government budgets. They don't matter. But printing money results in inflation as the value of the currency plummets. Deficits don't matter in the sense that you don't need to balance the budget ever year. A smooth economy is far more important than a balanced budget. But you can't just take the piss.

[BmoreBrawler]

This is an easy one: Deficits are a normal part of modern government budgets. They don't matter. But printing money results in inflation as the value of the currency plummets. Deficits don't matter in the sense that you don't need to balance the budget ever year. A smooth economy is far more important than a balanced budget. But you can't just take the piss.

Deficits are largely financed with printed money. They are too large to be meaningfully financed through borrowing in this new economic order. So why would Obama basically say "we will print money" and then say "we can't keep printing money"?

We're in deep trouble, folks.

[squealpiggy]

Deficits are largely financed with printed money. They are too large to be meaningfully financed through borrowing in this new economic order. So why would Obama basically say "we will print money" and then say "we can't keep printing money"?

We're in deep trouble, folks.

That's a somewhat extreme interpretation of what a deficit means. Are you George W Bush?

[BmoreBrawler]

That's a somewhat extreme interpretation of what a deficit means. Are you George W Bush?

Extreme?!?!?!

It was Cheney who repeated the old Keynesian line that deficits don't matter. That is an extreme view in my opinion.

http://www.lewrockwell.com/paul/paul238.html

"When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. "

Hmm. Raising taxes in a recession......ERRRH, bad idea
Borrowing Money......ERRRH, foreign governments will be less willing to lend to a bankrupt nation.
Printing Money.....DING we have a winner!

Does it offend you to know that you're being shafted by both parties?

[squealpiggy]

I live in Canada. I'm being shafted by ALL THREE main parties. And the separatists.

Governments can borrow money off their citizens in the way of treasury bonds. They are the safest way of saving.

[BmoreBrawler]

I live in Canada. I'm being shafted by ALL THREE main parties. And the separatists.

Governments can borrow money off their citizens in the way of treasury bonds. They are the safest way of saving.

Lol thats pretty bad. Be happy that at least you have THREE more choices than communist china, we only get 1.

Borrowing from you own citizenry is great in theory, but we are wayyy beyond sustainability through that method in the USA. What will happen is the FED will by the government bonds with money out of thin air.