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Comments Posted By Abbyrose86

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Budget, Deficits, the Debt and the lies from the right

And Adonai…that is the crux of the issue…people need money to spend, if the masses don’t have the money…they won’t spend and our economy can’t recover.

» Posted By Abbyrose86 On February 14, 2011 @ 5:43 pm

No shit. WE have been the aggressors too much in my lifetime. It’s rather disturbing to say the least.

» Posted By Abbyrose86 On February 14, 2011 @ 3:51 pm

Thanks Buddy!

» Posted By Abbyrose86 On February 14, 2011 @ 3:50 pm

I warn you…it’s disturbing.

» Posted By Abbyrose86 On February 14, 2011 @ 3:49 pm

But David, the truth is the deficit issue is really a red herring and has no teeth. Not really, it’s an issue of perception rather than reality.

Taxes need to be raised and taxes of those who have most benefited from the US economy of the last 30 years are those who should now pay the piper.

If those who benefited and GREATLY benefited don’t do the right thing and stop fighting this…they might find themselves in such a place that not even the most well paid security will protect them.

Desperate people do desperate things, history has proven this over and over. Oligarchs who ignore this truth do so at their own peril. I’m not saying that it SHOULD become violent, but it usually does if history is any indicator.

When social mobility becomes non existent and wealth inequality is SO great, social turmoil usually results. It’s getting to a tipping point. The human condition is centered on self preservation, ergo IF enough people are not able to survive they are not going to go away with a fight. Can’t blame them either.

» Posted By Abbyrose86 On February 14, 2011 @ 3:48 pm

Exactly, it IS the wrong issue and is misplaced at this time. Yet so many are falling for it!

As you said Stiglitz was warning of this back in 2001! He lost his job due to his ‘coming out’ with the truth.

Here is an interview with him from 2001! American media didn’t cover this interview. Which leads me to believe there is more to all this then the media provides.

http://www.laleva.cc/economy/worldbank.html

» Posted By Abbyrose86 On February 14, 2011 @ 3:40 pm

AMEN Cher. Thank you. I too was distressed when I heard many on the left, coming out using the deficit boogyman.

I was like…WTF??? This is not the time, our economy is too fragile. TOO many are really hurting, if you cut back NOW…we are going to see more problems…this is not the time. I was dismayed to say the least.

Hence why I felt the need to write this piece and to reference Professor Galbraiths testimony. WHAT really bothered me, what how little airplay his testimony had on ANY network. That was from July of last year! Yet I heard very little on TV about his statement. That statements and link was provided to me, late at night by one of our terrific HP posters, who knew I would appreciate it.

I remember at the time, thinking, “why is this not on the news?”

So much is not provided on the traditional news forums…hence WHY blogs and internet sources are so important, to ensuring this information is spread.

We have a duty to spread it!

» Posted By Abbyrose86 On February 14, 2011 @ 3:34 pm

They should be finished this week. 🙂

» Posted By Abbyrose86 On February 14, 2011 @ 3:12 pm

Here’s a really good article from dailykos on the subject:
http://www.dailykos.com/story/2011/02/14/944472/-Charting-President-Obamas-budget

» Posted By Abbyrose86 On February 14, 2011 @ 3:11 pm

You make a good point.

» Posted By Abbyrose86 On February 14, 2011 @ 3:06 pm

I tend to concur with that opinion. 🙂

» Posted By Abbyrose86 On February 14, 2011 @ 3:05 pm

Thanks BigDogMom!

» Posted By Abbyrose86 On February 14, 2011 @ 3:05 pm

Thank you…

I’m working on two other pieces, one on perverse incentives and will be quoting Professor Stiglitz; another on global trade and the different trade programs and their effect on the US economy.

That will be a good one.

» Posted By Abbyrose86 On February 14, 2011 @ 3:02 pm

Thanks BigDogMom.

Good luck trying! 🙂

» Posted By Abbyrose86 On February 14, 2011 @ 2:51 pm

Bito…Thank you for all your help fixing my post this morning!

I am the typo queen by the way! I am a horrible self editor!

» Posted By Abbyrose86 On February 14, 2011 @ 2:38 pm

So true.

» Posted By Abbyrose86 On February 14, 2011 @ 2:29 pm

Oh yeah…thanks PW…I forgot! 🙂

» Posted By Abbyrose86 On February 14, 2011 @ 2:27 pm

It’s amazing PW…how many don’t think it through!

I too, am baffled by where they think the money goes!

» Posted By Abbyrose86 On February 14, 2011 @ 2:24 pm

Chase, I tried posting this link a few times on HP. Sometimes it was ignored or I would get arguments from others as to what Galbraith provided or attacks on Galbraiths’ liberal bias.

I’m sorry, but color me crazy, but I will take the opinion of a well respected, educated man who literally grew up in a household of well respected, reputable economists over the average layman.

Professor Galbraith’s father John Galbraith, was a well respected business theorists and economist. I’ve formally studied his ideas in school.

I can’t for the life of me, understand how layman can actually criticize their theories, without having studied them.

» Posted By Abbyrose86 On February 14, 2011 @ 2:23 pm

I love him too…I am also a huge fan of Joseph Stiglitz.

His essays on perverse incentives are another great source of information regarding our current economic woes.

Sadly instead of people listening to the likes of Stiglitz and Galbraith many turn to economic ninnies such as Bachman and Boehner, Beck and Limbaugh.

The pundits on many TV news programs often have no real understanding of macro economic concepts and half the time don’t have a clue as to what they are talking about. YET these layman’s opinions are considered to be relevant and opinions of experts in the field are ignored.

I don’t get it….not all opinions on a particular subject are created equal. EXPERT opinion from those who have spent their lives in study of a particular subject SHOULD carry more weight than the opinion of those without equal credentials and qualifications.

I’m dismayed on how the opinion’s of people like Professors Stiglitz and Galbraith are thrown aside in favor of concepts which have no legitimate basis or examination by layman without any formal understanding. It truly boggles my mind.

» Posted By Abbyrose86 On February 14, 2011 @ 2:17 pm

🙂

Thanks Cher!

» Posted By Abbyrose86 On February 14, 2011 @ 2:05 pm

Thank you ghsts both for your kind comment and the link!

Happy Valentines DAY! 🙂

» Posted By Abbyrose86 On February 14, 2011 @ 1:55 pm

WHY thank you zoot. IT was really challenging at first, but I am so glad I did…it has been an amazing experience. I’m so glad I had the chance to do it again!

» Posted By Abbyrose86 On February 14, 2011 @ 1:54 pm

BINGO!

» Posted By Abbyrose86 On February 14, 2011 @ 1:53 pm

INDEED PW! Indeed. The goals of a business and the goals of a federal government are very different and to pretend like the same concepts should apply is short sighted.

🙂

» Posted By Abbyrose86 On February 14, 2011 @ 12:42 pm

Thank you Cyrano. Today seemed like a great day to post this, due to the criticisms from the right concerning Obama’s proposed budget.

As to how we can fight back, The only things I can think of is continue blogging, calling in on NPR and continuing to try to combat the fear mongering with truth on all forums.

Keep trying to get the truth out!

» Posted By Abbyrose86 On February 14, 2011 @ 12:41 pm

🙂

» Posted By Abbyrose86 On February 14, 2011 @ 12:15 pm

They definitely play it don’t they?

» Posted By Abbyrose86 On February 14, 2011 @ 12:03 pm

Your Valentine’s Day open thread

THAT WAS a good one!

» Posted By Abbyrose86 On February 14, 2011 @ 7:54 pm

Lisa that was beautiful.

» Posted By Abbyrose86 On February 14, 2011 @ 7:42 pm