Comments on Diane Lim Rogers' articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/diane-lim-rogers/articles http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-817847 817847 Decide how much you're going to spend, then raise or lower the tax > rates to bring in an equal amount of revenue. > > The American people want the benefits of government spending, but > don't want to pay for them.< Like printing $600 billion to bail out AIG, Fannie and Freddie? Is that the kind of benefits you're talking about? You're damn right the American people don't want to pay for them. .]]> Tue, 22 Dec 2009 18:44:52 -0500
> Decide how much you're going to spend, then raise or lower the tax
> rates to bring in an equal amount of revenue.
>
> The American people want the benefits of government spending, but
> don't want to pay for them.<

Like printing $600 billion to bail out AIG, Fannie and Freddie? Is that the kind of benefits you're talking about? You're damn right the American people don't want to pay for them.

.]]> http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-816550 816550 Mon, 21 Dec 2009 23:06:29 -0500
The American people want the benefits of government spending, but don't want to pay for them.]]> http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815956 815956 Mon, 21 Dec 2009 12:56:33 -0500 http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815847 815847 Why always blame the President? What about the 500 "leaders" in Congress > that actually have the power to authorize fiscal spending, deficit > ceilings and author bills that will increase spending? Too bad current > citizens don't have to take a high school civics exam to vote. I > doubt many could even name the three branches of government beyond, > "One, Two and Three"...< Exactly right. The same leaders in congress who trample on the Constitution. According to Ron Paul, that's still a valid document. The president is just a puppet. It's the congressmen who should be held accountable first. Their actions and decisions have usually been treasonous, especially when they trample on the Constitution. If congress behaved as honest politicians who were acting in the best interests of the American people, big pharma wouldn't be promoting their phony vaccines for a man made virus hysteria. Donald Rumsfeld doesn't make a lot of money if his Tamiflu (he's a big shareholder of Gilead Sciences) doesn't get sold. Fascism would not have gotten such a strong foothold in America if congress had done their jobs. That's where to start, rather than blaming the president (although he's no better). Just had to throw that in. Throw all the bastards in jail, try them for treason and start fresh. Ron Paul and a handful of others would pass the test with flying colors, but 98% of them should have to face the penalty for treason. Merry Christmas to all on SA .]]> Mon, 21 Dec 2009 11:38:38 -0500
> Why always blame the President? What about the 500 "leaders" in Congress
> that actually have the power to authorize fiscal spending, deficit
> ceilings and author bills that will increase spending? Too bad current
> citizens don't have to take a high school civics exam to vote. I
> doubt many could even name the three branches of government beyond,
> "One, Two and Three"...<

Exactly right. The same leaders in congress who trample on the Constitution. According to Ron Paul, that's still a valid document. The president is just a puppet. It's the congressmen who should be held accountable first. Their actions and decisions have usually been treasonous, especially when they trample on the Constitution. If congress behaved as honest politicians who were acting in the best interests of the American people, big pharma wouldn't be promoting their phony vaccines for a man made virus hysteria. Donald Rumsfeld doesn't make a lot of money if his Tamiflu (he's a big shareholder of Gilead Sciences) doesn't get sold. Fascism would not have gotten such a strong foothold in America if congress had done their jobs. That's where to start, rather than blaming the president (although he's no better). Just had to throw that in. Throw all the bastards in jail, try them for treason and start fresh. Ron Paul and a handful of others would pass the test with flying colors, but 98% of them should have to face the penalty for treason.

Merry Christmas to all on SA

.]]> http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815789 815789 Mon, 21 Dec 2009 11:17:45 -0500 http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815637 815637 Mon, 21 Dec 2009 10:17:02 -0500 http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815491 815491 Mon, 21 Dec 2009 08:45:53 -0500 1. Money can always be borrowed from gullible and equally venal foreign Regimes.....at least for now

2. Money can always be stolen from the Middle Class until the middle class is impoverished and then it can be turned into slave labor( an elegant reverse China policy, where the Poitburo is using rural slave labor to build an urban middle class....)
3. Money can be conjured at will via the fake dollar.

For a Regime that has a colossal and growing moral and intellectual deficit a mere fiscal deficit is of no consequence.

Lying, cheating and stealing: these are the real Regime choices and preferences. Inherit a Constitution; destroy a Nation. ]]> http://seekingalpha.com/article/179148-today-s-debt-is-inherited-but-tomorrow-s-deficits-are-chosen?source=feed#comment-815452 815452 Mon, 21 Dec 2009 08:12:22 -0500
I've come to conclude that Democrats never care about deficits, and Republicans only care when they are out of power. All these crocodile tears about the grandkids is just that. Government spending that benefits some one else is socialism. Government spending that benefits me is patriotism.]]> http://seekingalpha.com/article/177947-on-tarp-s-leftovers?source=feed#comment-803645 803645 Sun, 13 Dec 2009 09:41:19 -0500
Using your furniture store analogy, if a family borrowed $5000 to buy furniture, but only spent $4000, the $1000 left over could be used to reduce the $5000 debt.

In the case of TARP, it now looks like most of the $700 billion will either not be spent or will be repaid over the next few years.]]> http://seekingalpha.com/article/177947-on-tarp-s-leftovers?source=feed#comment-803559 803559 Sun, 13 Dec 2009 07:49:39 -0500
As the TARP beneficiaries repay, some with interest, the funds are indeed available to be spent for other purposes.

From a psychological point of view, any TARP funds that were not actually invested can very well be spent on tackling the problem of unemployment.

There is justice in that, the money that was not spent on the perpetrators can be spent on the victims. ]]> http://seekingalpha.com/article/176877-creating-jobs-no-excuse-for-wasting-money?source=feed#comment-796368 796368 Tue, 08 Dec 2009 12:35:17 -0500 http://seekingalpha.com/article/176877-creating-jobs-no-excuse-for-wasting-money?source=feed#comment-794612 794612 Mon, 07 Dec 2009 13:56:45 -0500
Obama is just as bad as Bush Jr. at flushing dollars down the toilet and getting excited at watching them spin around. We, on the other hand, are not impressed.]]> http://seekingalpha.com/article/176877-creating-jobs-no-excuse-for-wasting-money?source=feed#comment-794096 794096 Mon, 07 Dec 2009 09:51:00 -0500
]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-777596 777596 Wed, 25 Nov 2009 15:18:33 -0500
Then in a daring trick of accounting magic, the Treasury Dept. and the Fed agree to gradually write off this debt on both sets of books; Treasury writes off the payable, and Fed write off the receivable. "Gradually" writing off depends on how much they can get away with and how fast.

Isn't that better than selling to China, paying interest and redeeming with real money, and taxing Americans to pay for all this?

I do doubt this will happen. Instead, the government must convince China to refi and also present a plan for China's approval of how the debt will be repaid. It is kind of like submitting the USA balance sheet for credit approval by China. Kleinschmidt of the Toqueville funds said if the USA was an investment it would be a junk bond.

Raising income taxes will not work. So, the liberal Democrats will no doubt give us a VAT (value-added-tax) in Obama's second term.



]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-777223 777223 Wed, 25 Nov 2009 11:47:23 -0500
And this is why our policy wonks are addicted to deficit financing: the debt holders are the only players that are reaping the consequences of bad policy. Our policy wonks have been successful in “kicking the can down the road” but investors are aware that the days of unlimited deficit financing are numbered and, in all probability, it will be the unanticipated events that cause the panic selling of global currencies and these events will the catalyst for the creation of a new global currency system.

Enjoy your thanksgiving holiday.

]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-776349 776349 Tue, 24 Nov 2009 22:24:58 -0500
This article focuses on the narrowing choices the US government faces financing the deficit going forward. There is now a need to discuss what choices need to be made in light of this.
]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775929 775929 Tue, 24 Nov 2009 18:05:18 -0500
Speaking about the present future though - bid to cover ratio's are incredibly strong. Strangely enough, a lot of buying is from overseas which bewilders me and makes me think that this should stop soon because there is no incentive with a falling dollar. Once this happens, then you have your supply and demand problem. ]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775846 775846 Tue, 24 Nov 2009 17:41:05 -0500
That's just supply and demand, lot of supply, dwindling demand

Morgan Stanley recently predicted the 10 Year will get to 5.5% in 2010.

I predicted 6.5% by the end of 2010, there is something out of whack now, yields are being artificially kept low, that's a bubble forming, next...the pop.

Could take a year or so, but it won't be pretty.]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775786 775786 Tue, 24 Nov 2009 17:03:15 -0500 Unfortunately the govt has turned to a new piggy bank the FHA to solve all our problems. The same thugs that made this diaster are the ones pumping and hyping that things would be alot worse if not going down this kamakazi course. This is all BS. The govt has gone way to far handing out our money to failures. I say end this shell game now before it really gets bad.]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775701 775701 Tue, 24 Nov 2009 15:46:12 -0500
Guys like you who talk about 'sham tax benefits' need to come up with a credible and viable alternative.

To date you have not.

And where were you when Bush cut taxes? Probably cheering on the side lines. ]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775688 775688 Tue, 24 Nov 2009 15:40:43 -0500 http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775582 775582 Tue, 24 Nov 2009 14:30:38 -0500 ]]> http://seekingalpha.com/article/99172-nation-s-debt-it-s-not-being-rescued-it-s-being-moved-around?source=feed#comment-761387 761387 cash for gold companies are taking full advantage of this and are cashing in Big Time!]]> Sun, 15 Nov 2009 21:47:38 -0500
The cash for gold companies are taking full advantage of this and are cashing in Big Time!]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-753257 753257 Mon, 09 Nov 2009 20:59:25 -0500 mises.org and listen to his brilliant essay, "What is Seen and What is Not Seen". Bastiat saw through the socialist nonsense 160 years ago, and his words ring just as true and topical today. ]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-753248 753248 Mon, 09 Nov 2009 20:45:27 -0500
Health care in the US is the highest yet created by human science. Quit paying for scientists, skip the new lightweight plaster casts, trash MRI and CAT scans, dump out all your cholestoral drugs, and then watch costs go down. Along with life spans. The Obama plan is not going to do anything to lower costs, it is just another welfare plan. You will pay my Doctor bills. Thank you. I can then go and buy an nice bottle of wine instead of saving up my money to pay my own bills.]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-753045 753045 Mon, 09 Nov 2009 18:27:33 -0500 Big puzzle to me as well. Why would they be so focused on the short-term in any case (a la stimulus)? Just to create jobs that last a year and then go away thereafter. Why? That makes no sense. The exact solution is to let things work themselves out to create better jobs that stick around for a little bit. The stimulus just creates zombie jobs that add no value to the economy except as a vote to entrenched politicians. Ahh, now I understand...
]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-752918 752918 Obama isn't focused on the Economy because right now his Democrats > have a super majority and control our government. Instead of representing > the people, he wants to pass his parties holy grail... Health care. > > > It's about politics. We have one party in control. He has the votes > (until 2010), so he tries to pass health care. If he didn't have > the votes, he'd probably be focused on the economy but Obama is a > politican. He won't get this chance later, so he has to seize the > opportunity now. > > Every poll in America shows people worried about Jobs/the economy > but all Obama focuses on are Health Care/Cap and trade. It's shocking > right? No, it's not his Democrats being out of touch with American > voters, it's them trying to force legislation down our throats while > they can. Yes they can.]]> Mon, 09 Nov 2009 16:27:43 -0500 No, better to create that job in China or Europe, where health costs are picked up by the government.

No, Obama understands the problem alright -- fix health-care. Unfortunately, the "fix" that is emerging does not fix the problem -- too much right-wing-batshit-win... guaranteed to protect health industry profits and not provide a real solution.

You and your right-wingnut friends should remember -- Republicans have no answers other than "richer - rich and screw everyone else". Expect no mercy from them if and when they reclaim political power.


On Nov 09 09:44 AM John Galt wrote:

> Obama isn't focused on the Economy because right now his Democrats
> have a super majority and control our government. Instead of representing
> the people, he wants to pass his parties holy grail... Health care.
>
>
> It's about politics. We have one party in control. He has the votes
> (until 2010), so he tries to pass health care. If he didn't have
> the votes, he'd probably be focused on the economy but Obama is a
> politican. He won't get this chance later, so he has to seize the
> opportunity now.
>
> Every poll in America shows people worried about Jobs/the economy
> but all Obama focuses on are Health Care/Cap and trade. It's shocking
> right? No, it's not his Democrats being out of touch with American
> voters, it's them trying to force legislation down our throats while
> they can. Yes they can.]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-752603 752603 Mon, 09 Nov 2009 12:58:09 -0500 Here is how to do this better for jobs. We can have a stimulus that costs almost nothing to the taxpayer, in fact paid a lot by Iran, Russia, oil dictators!!

How is start up loans for RE companies and energy eff ones. Let most anyone with a good business plan through the SBA get start up loans to build or install homes. small business size windgenerators, solar CSP unit, CHP, small lightweight, aero 3 wheel EV's, etc. Then loans to buy, install, etc these.

Loans for home, building eff upgrades from windows, insulation, etc are next. This would put construction, material workers back to work.

Banks have shown they won't loan so other methods may be needed.

All these can be paid for in energy savings in 5 yrs so no new income costs either. This will create about 3 million jobs directly and probably 6 million indirectly of people supporting them.

Next is a fossil fuel tax to pay their full cost of the direct, indirect subsidies we already pay in our income tax, health care, etc. it's time those who make, benefit from those costs to pay them It should be a $1.50/gal on oil and about double the price of coal.

But you say a tax will kill the economy. Not if it's put in over 2 yrs at 4% each month and loans given to buy more eff cars, etc to cut people's costs. Switching trucks, semi's to NG is very cost effective now being under 50% of the cost of diesel/gasoline. This can in 5 yrs cut imported oil needs.

The beauty of this is oil, coal will drop in price making Iran, Russia, oil dictators pay most of the oil tax, coal is only 25% of your electric bill so it won't go up much.

But new, more eff cars, trucks, EV's, PHEV's and mass transit will create more new jobs too.

The fossil fuel tax revenue, 1/3 would go to a tax cut so those people paying it have the extra money needed if they continue to use the same amount or better, use less and have extra income, the more likely outcome. 1/3 to to help switching to more eff cars, trucks, homes, buildings and 1/3 to balance the budget fossil fuels have been a large part in making.

So this program would have a net increase of about 8-10 million jobs of both direct and supporting those who have the new jobs, solve our imported oil problem, let us leave the Persian gulf between the 2 are about $1T/yr in a few yrs if we don't, stop subsidizing our enemies, oil/coal corporations and balance the budget.. All at little cost to the gov, in fact get rid of our debt on our children and make our country strong again.

Or we will be broke, at war, our enemies strong and we will be weak. To me it's the only real patriotic way to go.]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-752558 752558 Mon, 09 Nov 2009 12:21:23 -0500
Leftist ideology only sees wealth after it is created and says, hey, I want what the other guy has. Obamaism rejects the foundation of our nation, a nation where everybody who chooses can engage in whatever legal self-benefiting econ. activty they choose.

Don't expect the Demo. party to line up with private sector job creation. Only with govt. sector job creation. If you strip out govt. jobs, SEIU and so forth, the unionization rate is probably under 10%, thanks to wrong-headed Democrat party/left wing foolishness.

Now, what was that about jobs? Productivity? The US is a mighty strong country and will survive and even prosper despite Obama, not because of any policy he has espoused so far.]]> http://seekingalpha.com/article/172185-why-won-t-obama-just-create-the-jobs?source=feed#comment-752520 752520 Mon, 09 Nov 2009 11:54:41 -0500 So, who on Wall St. or in government cares? They can create $trillions, make up the rules and reward themselves and their supporters. Captive mainstream media parrots their success. Private entrepreneurship is heading down the memory hole where millions of good, now outsourced jobs, lie.]]>