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#106
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A company with international operations is protected, implicitly and explicitly, by our nation's military. And then such companies often go to great lengths to avoid paying for that protection. Halliburton, for example. Revenue as a percentage of GDP is the lowest its been in decades. One regularly hears of what Volcker refers to as the liquidity trap. It's a concept I'm still learning about but my take is that it refers to people/corps. who have a good deal of cash that they are reluctant to spend/invest. So they sit on it and the economy stagnates. It's a bit strange that so many people were in misery during the great depression. The physical assets of the nation were still intact. But many people's ability to harness those resources to create prosperity was stymied. Who else but govt. to clear up such logjams?
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1986 300SDL, 362K 1984 300D, 138K |
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#107
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Is that right? You can cite credible economists who believe that Ryan's plan will get unemployment down to 2.8% by 2021? Or that the housing market is going to see another boom? Or that lowering taxes below their already low levels will increase revenue? Well, lets have it.
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#108
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How does Ryan's plan compare to Obama's plan, has anybody done a credible comparison? I'd like to know what the exact differences are.
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#109
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Same here.
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#110
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Indicate where I have denied that your theory is possible. I dismiss it with the same skepticism that I have for mysticism of any sort. I can't disprove it, but I wouldn't build anything with it. Including conclusions. |
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#111
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What theory? There are two many variables and no way to really measure the factors I'm referring to. But if two guys applied for a position as your assistant, and one of them had a family that he got along pretty well with, worked out regular, didn't smoke and drank moderately and the other guy was a partying playboy, smoked, drank heavily on the weekends, and generally didn't get enough sleep and had spotty meals. I give it a 90%+ chance that the first guy would impress you with general integrity more than the second. Wholesome living generally yields a calmer, clearer countenance than fast lane, bar-hopping promiscuity.
Years ago when I was delivering a package of blood to Harborview, the public health hospital in Seattle (cabs were the fastest way for the buck by far to distribute from the blood bank), I saw a police officer with a prisoner - orange jumpsuit, in handcuffs - brought in for some sort of treatment. Both were black, the officer was quite large, huge belly, not handsome by any means, but I swear I could almost see a light around him. He had a calm self assurance and you could sense he was a straight shooter. Remember how some of the convicts in the old Dick Tracy comics were drawn with bugs flying around their head? I can't explain it, but the prisoner had that look, like there was some sort of pathology floating around him. The contrast in body language and (forgive me) aura between the two was striking. It's not an exact science, not even a science but I'm not going to pretend that one can't discern info from a person's appearance because the data involved are unavailable to be measured. Quote:
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1986 300SDL, 362K 1984 300D, 138K Last edited by cmac2012; 04-17-2011 at 05:32 AM. |
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#112
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Total defunding the parts of the wasteful military budget that goes for spending on useless wars and overseas military bases and weapons systems would seem like an excellent place to start.
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1995 E 420, 170k "The Red Plum" (sold) 2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp 1967 Mercury Cougar, 49k 2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)
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#113
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I have not opposed cuts to the Military budget--there is a lot of waste there. I urge great caution so that we do not lower our readiness for self defense. It is well known that military planners generally plan for the last war; not the next one. We need smarter planners. Stationing of troops overseas smacks of imperialism. IF a foreign nation desires a US troop presence, they they should bear a significant part of the cost. As in all budget cuts I would require the maximum cuts from overhead, and not troop salaries. Same for police, firefighters and teachers. Cut the Administration salaries and leave the line people alone. Favorite tactic of government types is to close parks and rec, and visible stuff to hurt the citizens and make them demand the cuts be restored. I would accept, as their letter of resignation, any action like that from any agency head, and replace them with the next in line--with the same provision. It can be done--businesses, both small and large, have been doing it to survive. Government NEEDS to to it now.
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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags
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#114
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CHILCUTT~ The secret to a long life. Is knowing when it is time to leave. |
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#115
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Chilcutt, I think that was his point: Huge firepower makes attack highly unlikely. The less firepower, the less deterrence. The moving target is where we place the acceptable risk and whether we can afford less. Or more. I defy anybody to make a dogmatic statement about that. There are just too many variables and science and technology move too quickly.
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#116
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CHILCUTT~ The secret to a long life. Is knowing when it is time to leave. |
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#117
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This is just theater, they are going to kick the can down the road until they are forced to do what's needed because it will piss everyone off and hurt both parties chances of re election.
First taxes need to be raised, on everyone. Income tax is at historic lows, it needs to go up. As much as I hate paying it that's the reality. Also those executive bonuses need to be in a brutal tax category. Their is more incentive to make sure the company runs for the next 10 years if you can only take $1m a year of your $10m stock bonus without being rapped by Uncle Sam. Sure they will cry and only be able to afford a smaller house in the Hamptons and maybe get stuck driving an S550 instead of a Maybach, but life's tough. As the economy starts to recover and the GDP increases that will help the deficit but only a bit. What really needs to happen is massive cuts, about $1t worth out of the yearly budget. I believe Obama is proposing a $4T budget, we can probably afford a $3T one with the tax increases and some debt service thrown on top of it. We can probably take $300B out of defense, and another $700B out of a bunch of other departments. IE department of homeland security needs to be dissolved or merged into the DOD. The government takes in a ton of money, they just need to take in a bit more and spend a bit less. Problem solved. 30% or less of GDP is a nice comfortable level for national debt and very easy to obtain with the proper polices. But like I said above doing it will piss off everyone, since everyone is going to get stuck. If we had real statesmen instead of these spineless corporate elected idiots they would be able to sell the people on the necessity of this and fix the problem. Churchill, and Teddy Roosevelt would be able to do this, sadly they are not around anymore.
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2006 CL500 1969 280SE 2023 Ram 1500 2026 Genesis GV70 2007 Tiara 3200 |
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#118
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Take the Marine's for instance, they really should be detached from the Navy and rolled into the Army. The Navy likes having its own pet land branch, they argue for beach and littoral assaults. But realistically its really only the Navy's job to transport and provide cover, on shore it should fall to the Army. Same with the air force, if you merge it back into the Army I wonder if that's to unwieldy to command properly?
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2006 CL500 1969 280SE 2023 Ram 1500 2026 Genesis GV70 2007 Tiara 3200 |
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#119
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How about something a bit less drastic? I think massive cuts like that are going to be detrimental. I was thinking something along the lines of a 10% cut across the board and perhaps a 10% increase in tax revenue. Do this each year (at least the cuts) as needed until we start paying down the debt and then start leveling off. I also want to see Congress loos their benefits. They can pay for their own health and retirement and they do not get a raise unless the nation is 'making' money and paying down the debt, unemployment is shrinking and the economy is growing and then the raise will be voted on.
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Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
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#120
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1986 300SDL, 362K 1984 300D, 138K |
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