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NIALL FERGUSON: This Is The Study That Shows Why The US Economy Is Doomed
BI ^ | 04/05/12 | Rob Wile

Posted on 04/07/2012 7:05:08 PM PDT by TigerLikesRooster

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1 posted on 04/07/2012 7:05:15 PM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 04/07/2012 7:05:53 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

BO smiles at his success


3 posted on 04/07/2012 7:08:48 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: TigerLikesRooster

there’s a harvard alum in the white house. who freaking cares what they think. they’re yesterday’s news.


4 posted on 04/07/2012 7:10:07 PM PDT by the invisib1e hand (I think in about 5 - no, 4 - years I'll have had enough.)
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To: TigerLikesRooster

If we can get Obama out of the White House, maybe we have a chance to fix things. Otherwise, the outlook is dire.


5 posted on 04/07/2012 7:20:45 PM PDT by Clintonfatigued (A chameleon belongs in a pet store, not the White House)
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To: Clintonfatigued

Romney may be an improvement, though not by much.


6 posted on 04/07/2012 7:24:53 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: driftdiver

“BO smiles at his success”

BO didn’t do this.

He is merely the head on the zit.


7 posted on 04/07/2012 7:26:29 PM PDT by PetroniusMaximus
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To: TigerLikesRooster

I dont’ like Romney either, but the titans of international finance and manufacturing see him as one of their own. Perhaps they won’t be so quick to write off the U.S.A. if they think one of their own is President.


8 posted on 04/07/2012 7:27:43 PM PDT by Clintonfatigued (A chameleon belongs in a pet store, not the White House)
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To: TigerLikesRooster
Romney will be an improvement only if we get impressive majorities in both houses, and that should be the FR focus now.
9 posted on 04/07/2012 7:37:06 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: TigerLikesRooster
In the end, it comes down to two problems:

1. The size of government is just TOO big with too much bureaucratic overlap, bloated agencies, and too many obsolete/unneeded laws on the books.

2. An income tax system whose sheer complexity and high tax rates discourage savings and capital investment in the USA.

This is why I call for an aggressive audit of government so we could cut the size of government 30% and gutting the current income tax system in favor of one that is vastly more business-friendly.

10 posted on 04/07/2012 7:41:41 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: elpadre

Romney will be an improvement only if we get impressive majorities in both houses, and that should be the FR focus now.


It’s going to take a miracle to save this country.

Romney and a Republican dominated congress would only slow things down a tiny, tiny bit.

The rot permeates .....everything.


11 posted on 04/07/2012 7:41:41 PM PDT by unkus (Silence Is Consent)
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To: TigerLikesRooster

Hey, we’re running $1.2, $1.4 trillion deficits in a $14 trillion dollar economy, right?

So government spending well over what gov’t receipts in tax revs is 10% of the economy, right?

And the government borrows 43% of every dollar it spends, right? Let’s call it 40%.

So correct me if I’m wrong. 40% of 10%, or 4% of our GDP just simply does not exist based upon organic demand. It “tallies”, it exists on the coin counter because the government borrows money and spends it.....somewhere.

Our growth rate is cited as 1.5%, 2%, 3% depending upon whom you wish to listen to. But 4% of it is non-existent.

The inescapable conclusion is that there is no growth in the economy absent government deficit spending. In one sense, the Timmy Geithners of the world are right: If we balanced the budget tomorrow the economy would shrink by 4%, which would probably be called and feel like a more-than-mild recession. Add in the knock-on effects and it would be worse.

Oh, and this condition has existed since 1983.


12 posted on 04/07/2012 8:29:41 PM PDT by Attention Surplus Disorder (The only economic certainty: When it all blows up, Krugman will say we didn't spend enough.)
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To: TigerLikesRooster

Let’s get this collapse over with and start anew. There are thieving, effeminate tyrants in all levels of US government and government-linked business now. I’m in my mid-50s, recently shoveled hundreds of cubic yards/meters of rocky earth by myself (personal project—gravity-fed water and solar heating systems) and can do a pretty good jump-spinning crescent kick (learned over 30 years ago). ...working on the tornado kick now (for health) and beginning staff/bo (going to herd yaks here at high altitude soon). ...love to do stone masonry and agriculture.

Many of my fellow Americans are mice, who need to become men. We can do this and rebuild.


13 posted on 04/07/2012 8:31:34 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: TigerLikesRooster

“Let’s get this collapse over with and start anew. There are thieving, effeminate tyrants in all levels of US government and government-linked business now.”

My point with that comment was that our country is running on debt without adequate manufacturing for trade. We can rebuild productivity, if we toughen-up and get to real work.


14 posted on 04/07/2012 8:33:48 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: TigerLikesRooster

Easily solved.

Declare Harvard (and by extension, HBS) a clear and present danger to the US.

Roll the B-52’s and B-1’s, turn Cambridge, MA into a smoking hole.

Problem solved.

And a whole lot of other problems would be solved at the same time, too.


15 posted on 04/07/2012 8:37:43 PM PDT by NVDave
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To: Attention Surplus Disorder

You’ve nailed the underlying issue: A component of our “GDP growth” is based on borrowing from the future. It’s a mirage, a fraud, wrapped in BEA/BLS accounting to legitimize it.


16 posted on 04/07/2012 8:40:23 PM PDT by NVDave
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To: TigerLikesRooster
... the U.S. has fallen severely behind in terms of international competitiveness...just what Obama and his ilk want - now we'll be equal to all other countries.....
17 posted on 04/07/2012 9:02:19 PM PDT by Intolerant in NJ
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To: TigerLikesRooster

Romney doesn’t matter- HE CAN”T WIN!


18 posted on 04/07/2012 9:40:31 PM PDT by matthew fuller (The Magic Mormon is now in position to re-elect the Magic Negro.)
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To: elpadre

Romney is a national socialist, a fascist; please explain how that is better?


19 posted on 04/07/2012 10:45:18 PM PDT by SatinDoll (No Foreign Nationals as our President!)
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The United States has a 39% corporate tax including the Alternative Minimum Tax(which should be abolished) not including state and local taxes. Would you want to start a corporation or business with that amount of taxes?


20 posted on 04/08/2012 12:08:39 AM PDT by U-238 (Time is like a river made up of events which happen,and its currents is strong;no sooner its swept)
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