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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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The TRUE Legacy of George Bush
Is Gunner going to have to give you another civics lesson, about how
Congress approves expenditures? Too_Many_Tools wrote: Here is an example of what the TRUE legacy of George Bush will be...and you and your children and your grandchildren will be paying for it. And you might want to remember that George started with a Clinton surplus in 2000. This is what your vote for George Bush has cost you and yours. this is what your vote for Pelosi and her spawn have given you. Obama says expects deficit to approach $1 trillion By Steve Holland Steve Holland 1 hr 20 mins ago As dumb as you thing GWB is, I don't know how you think he'd be smart enough to spend that much money all by himself. |
#2
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The TRUE Legacy of George Bush
On Tue, 06 Jan 2009 17:39:41 -0600, RB
wrote: snip Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? snip And herein lies the rub. Namely that increasing amounts of the Federal budget are not discretionary, short of an Argentinean style default, and/or triggering massive civil unrest. The interest and principal *MUST* be paid on the Federal bonds and other securities as due, and the entitlement programs such as Social Security, Medicare, military retirement, etc. must be funded. Indeed, it would appear that where there is significant foreign or pension fund ownership of state and municipal debt obligations, the Federal government may well be forced to guarantee these also to prevent massive financial dislocations/cascades in the event of defaults, e.g. California state and municipalities. Thus ever increasing amounts, now a sizable majority both in absolute dollars and as percentages of the Federal budget, are beyond Congressional control, and in many cases even Congressional oversight, e.g. the refusal of the FRB to disclose even the names of the firms and amounts received of the several trillion dollars of taxpayer guaranteed funds that have disbursed, let alone how these funds are being used, and the conditions [if any] attached to these funds. Unka' George [George McDuffee] ------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end? Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625). |
#3
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The TRUE Legacy of George Bush
"F. George McDuffee" wrote in message ... On Tue, 06 Jan 2009 17:39:41 -0600, RB wrote: snip Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? snip And herein lies the rub. Namely that increasing amounts of the Federal budget are not discretionary, short of an Argentinean style default, and/or triggering massive civil unrest. The interest and principal *MUST* be paid on the Federal bonds and other securities as due, and the entitlement programs such as Social Security, Medicare, military retirement, etc. must be funded. Indeed, it would appear that where there is significant foreign or pension fund ownership of state and municipal debt obligations, the Federal government may well be forced to guarantee these also to prevent massive financial dislocations/cascades in the event of defaults, e.g. California state and municipalities. Thus ever increasing amounts, now a sizable majority both in absolute dollars and as percentages of the Federal budget, are beyond Congressional control, and in many cases even Congressional oversight, e.g. the refusal of the FRB to disclose even the names of the firms and amounts received of the several trillion dollars of taxpayer guaranteed funds that have disbursed, let alone how these funds are being used, and the conditions [if any] attached to these funds. Unka' George [George McDuffee] You may find in this interesting article ("The Unwisdom of Crowds") the answer to why that is, George: http://weeklystandard.com/Content/Pu...5/921taekw.asp Picking up an idea from Bagehot, the author says that central banks and national treasuries often must use "strategic ambiguity," and other Machiavellian tricks: "A final problem is that there are limits to how accountable a central bank can be. Everyone is always hollering for clear rules and transparency. But a dirty secret of regulation is that it frequently influences conduct most effectively when it is capricious and opaque. Any regulatory system will reveal its vulnerabilities over long use. If it addresses economic problems in a predictable way, savvy investors will find a way to "game" that predictability." An intriguing idea. Anti-democratic, but intriguing. -- Ed Huntress |
#4
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The TRUE Legacy of George Bush
On Tue, 06 Jan 2009 17:39:41 -0600, RB wrote:
Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? Too_Many_Tools wrote: Here is an example of what the TRUE legacy of George Bush will be...and you and your children and your grandchildren will be paying for it. And you might want to remember that George started with a Clinton surplus in 2000. This is what your vote for George Bush has cost you and yours. this is what your vote for Pelosi and her spawn have given you. Obama says expects deficit to approach $1 trillion By Steve Holland Steve Holland 1 hr 20 mins ago As dumb as you thing GWB is, I don't know how you think he'd be smart enough to spend that much money all by himself. You are talking to a mush filled skull, controlling a fat little body just barely able to show up at a minimum wage job and ask ;would you like fries with that", who, even worse..is in the terminal stages of Bush Derangement Syndrome. Dont bother him with facts, his mind, such as it is, is already made up Gunner "First Law of Leftist Debate The more you present a leftist with factual evidence that is counter to his preconceived world view and the more difficult it becomes for him to refute it without losing face the chance of him calling you a racist, bigot, homophobe approaches infinity. This is despite the thread you are in having not mentioned race or sexual preference in any way that is relevant to the subject." Grey Ghost |
#5
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The TRUE Legacy of George Bush
On Jan 6, 6:52*pm, F. George McDuffee gmcduf...@mcduffee-
associates.us wrote: On Tue, 06 Jan 2009 17:39:41 -0600, RB wrote: snipIs Gunner going to have to give you another civics lesson, about how Congress approves expenditures? snip And herein lies the rub. *Namely that increasing amounts of the Federal budget are not discretionary, short of an Argentinean style default, and/or triggering massive civil unrest. The interest and principal *MUST* be paid on the Federal bonds and other securities as due, and the entitlement programs such as Social Security, Medicare, military retirement, etc. must be funded. *Indeed, it would appear that where there is significant foreign or pension fund ownership of state and municipal debt obligations, the Federal government may well be forced to guarantee these also to prevent massive financial dislocations/cascades in the event of defaults, e.g. California state and municipalities. Thus ever increasing amounts, now a sizable majority both in absolute dollars and as percentages of the Federal budget, are beyond Congressional control, and in many cases even Congressional oversight, e.g. the refusal of the FRB to disclose even the names of the firms and amounts received of the several trillion dollars of taxpayer guaranteed funds that have disbursed, let alone how these funds are being used, and the conditions [if any] attached to these funds. Unka' George [George McDuffee] ------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end? Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625). George...you forgot to add that it is the American taxpayer (current and future) who will have to pay these obligations... ....through increased taxes. Now conservatives please tell me again how Bush and the Republican Congress haven't raised your taxes through their irresponsible actions. TMT |
#6
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The TRUE Legacy of George Bush
On Jan 6, 8:43*pm, "Ed Huntress" wrote:
"F. George McDuffee" wrote in messagenews:d6u7m4pigr28td896lrnj8hdh6r3bdgrrb@4ax .com... On Tue, 06 Jan 2009 17:39:41 -0600, RB wrote: snip Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? snip And herein lies the rub. *Namely that increasing amounts of the Federal budget are not discretionary, short of an Argentinean style default, and/or triggering massive civil unrest. The interest and principal *MUST* be paid on the Federal bonds and other securities as due, and the entitlement programs such as Social Security, Medicare, military retirement, etc. must be funded. *Indeed, it would appear that where there is significant foreign or pension fund ownership of state and municipal debt obligations, the Federal government may well be forced to guarantee these also to prevent massive financial dislocations/cascades in the event of defaults, e.g. California state and municipalities. Thus ever increasing amounts, now a sizable majority both in absolute dollars and as percentages of the Federal budget, are beyond Congressional control, and in many cases even Congressional oversight, e.g. the refusal of the FRB to disclose even the names of the firms and amounts received of the several trillion dollars of taxpayer guaranteed funds that have disbursed, let alone how these funds are being used, and the conditions [if any] attached to these funds. Unka' George [George McDuffee] You may find in this interesting article ("The Unwisdom of Crowds") the answer to why that is, George: http://weeklystandard.com/Content/Pu...00/015/921taek... Picking up an idea from Bagehot, the author says that central banks and national treasuries often must use "strategic ambiguity," and other Machiavellian tricks: "A final problem is that there are limits to how accountable a central bank can be. Everyone is always hollering for clear rules and transparency. But a dirty secret of regulation is that it frequently influences conduct most effectively when it is capricious and opaque. Any regulatory system will reveal its vulnerabilities over long use. If it addresses economic problems in a predictable way, savvy investors will find a way to "game" that predictability." An intriguing idea. Anti-democratic, but intriguing. -- Ed Huntress- Hide quoted text - - Show quoted text - And practiced everyday. Greenspan took great pride in saying much about nothing. TMT |
#7
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The TRUE Legacy of George Bush
On Jan 6, 5:39*pm, RB wrote:
Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? Too_Many_Tools wrote: Here is an example of what the TRUE legacy of George Bush will be...and you and your children and your grandchildren will be paying for it. And you might want to remember that George started with a Clinton surplus in 2000. This is what your vote for George Bush has cost you and yours. this is what your vote for Pelosi and her spawn have given you. Obama says expects deficit to approach $1 trillion By Steve Holland Steve Holland 1 hr 20 mins ago As dumb as you thing GWB is, I don't know how you think he'd be smart enough to spend that much money all by himself. He had a lot of help from his friends... TMT |
#8
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The TRUE Legacy of George Bush
On Jan 6, 8:49*pm, Gunner Asch wrote:
On Tue, 06 Jan 2009 17:39:41 -0600, RB wrote: Is Gunner going to have to give you another civics lesson, about how Congress approves expenditures? Too_Many_Tools wrote: Here is an example of what the TRUE legacy of George Bush will be...and you and your children and your grandchildren will be paying for it. And you might want to remember that George started with a Clinton surplus in 2000. This is what your vote for George Bush has cost you and yours. this is what your vote for Pelosi and her spawn have given you. Obama says expects deficit to approach $1 trillion By Steve Holland Steve Holland 1 hr 20 mins ago As dumb as you thing GWB is, I don't know how you think he'd be smart enough to spend that much money all by himself. You are talking to a mush filled skull, controlling a fat little body just barely able to show up at a minimum wage job and ask ;would you like fries with that", who, even worse..is in the terminal stages of Bush Derangement Syndrome. Dont bother him with facts, *his mind, such as it is, is already made up Gunner "First Law of Leftist Debate The more you present a leftist with factual evidence that is counter to his preconceived world view and the more difficult it becomes for him to refute it without losing face the chance of him calling you a racist, bigot, homophobe approaches infinity. This is despite the thread you are in having not mentioned race or sexual preference in any way that is relevant to the subject." *Grey Ghost- Hide quoted text - - Show quoted text - • "There's no doubt in my mind, not one doubt in my mind, that we will fail." — Oct. 4, 2001, in Washington. Bush was remarking on a back- to- work plan after the terrorist attacks. Isn't that your hero Gunner? TMT |
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