tag:blogger.com,1999:blog-6616959642391988608.post6523459477815831462..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Understanding the House budget planScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6616959642391988608.post-32733868847297884222013-03-21T07:45:53.610-07:002013-03-21T07:45:53.610-07:00@Steve, the military-industrial Republicans in lea...@Steve, the military-industrial Republicans in league with the big government Democrats are the power elite who rule America -- that's reality -- the only question is who is which investors will win in that environment -- any notion of changing the tacit alliance between military-industrial Republicans and big government Democrats is the beginning of delusion leading to failed investment McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40735290656037077002013-03-21T05:01:59.104-07:002013-03-21T05:01:59.104-07:00RichmondG30 has it exactly correct. On 911 our cou...RichmondG30 has it exactly correct. On 911 our country irreversibly morphed into a government reliant monster and hasn't changed since-nor will it. the american electorate has been lulled into thinking that more is better and woe be the politician who tries to stop it. we're screwed.stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12138072700658637122013-03-20T12:49:18.397-07:002013-03-20T12:49:18.397-07:00After four years of debate, the Congress, Presiden...After four years of debate, the Congress, President, and public have rejected meaningful government spending cuts -- we need to be discussing what is really going to happen if we are going to make money as investors -- what is going to happen is not austerity (either spending cuts or higher taxes), and not default -- what is going to happen is monetary expansion leading to inflation -- oh, and noMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45757517481281677682013-03-20T12:48:22.501-07:002013-03-20T12:48:22.501-07:00This comment has been removed by the author.McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84327147154369365352013-03-20T11:38:03.607-07:002013-03-20T11:38:03.607-07:00I read their comments and I generally agree with t...I read their comments and I generally agree with them (who am I to argue economics with John Taylor?). But I winced a bit when they appeared to be suggesting that the beneficial effects would be immediate. I think it takes a quarter or two before the private sector can get up to speed on such changes and I fear that if the argument isn't made properly that when the economy inevitably slows Lukeyhttps://www.blogger.com/profile/13847392256261982683noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22993114956179144712013-03-20T09:32:38.950-07:002013-03-20T09:32:38.950-07:00Here is a note from a small Govt Conservative who ...Here is a note from a small Govt Conservative who has had it with both parties.<br /><br />Exhibit A of "conservative" waste. The USA has roughly 4000 M1A1s and M1A2s (tanks) in service with another 4000 in "storage". How many does the Army want, total? 2000.<br /><br />Its all to "protect" jobs in Lima, Oh. And General Dynamics.<br /><br />valuelurkerhttps://www.blogger.com/profile/02344666873299709331noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50491421821224314902013-03-20T09:16:11.014-07:002013-03-20T09:16:11.014-07:00Benjamin you are exactly right. September 11 was ...Benjamin you are exactly right. September 11 was an emotional shock to the American people. They opened their (mostly empty) wallets and said spend whatever you need to keep this from happening again. And thus was born the Department of Homeland Security. For 12 years this ravenous monster has been claiming more and more of our productive resources and diverting them to bureaucrats. What a RichmondG30https://www.blogger.com/profile/15406119391866964600noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65762612299771036392013-03-19T21:05:07.165-07:002013-03-19T21:05:07.165-07:00I agree entirely that federal agency spending, and...I agree entirely that federal agency spending, and entitlement spending must be cut.<br /><br />We spend $1 trillion a year now on defense, homeland security and the VA. <br /><br />But where are the enemies? <br /><br />Current defense outlays are double what we spent in 2001 (adjusted for inflation) and more than we spent at the height of the Cold War, when we faced a Soviet Union with Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30322884418091248922013-03-19T17:27:23.556-07:002013-03-19T17:27:23.556-07:00I agree that it seems impossible to stop all these...I agree that it seems impossible to stop all these spending programs, but that doesn't mean we have to give up. An idea that makes sense and is the right thing to do will not die. It just needs to be repeated and repeated. Someday I hope another Reagan comes along who can explain these things to the people and trim government. Government is becoming such a huge burden on the productive Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88380200005609156622013-03-19T17:19:29.391-07:002013-03-19T17:19:29.391-07:00The concept that there are limited resources and t...The concept that there are limited resources and that spending by the private sector creates more wealth than does spending by the public sector makes sense. However, it will never be embraced by the Reality TV American Public. The majority of Americans is unwilling or unable to look past the headlines that scream about spending cuts leading to teachers and cops being fired. I think we are in RichmondG30https://www.blogger.com/profile/15406119391866964600noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49454954211273430102013-03-19T16:45:19.163-07:002013-03-19T16:45:19.163-07:00Re: a balanced budget. I don't see the need fo...Re: a balanced budget. I don't see the need for a balanced budget. If the deficit were kept to something like 3% of GDP that might be ideal. The existence of a liquid Treasury market with lots of maturities creates value for markets all over the world. Everything is ultimately benchmarked to Treasuries. The value added by a liquid Treasury market benefits everyone--it's like a public Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30304277137134613392013-03-19T14:46:52.733-07:002013-03-19T14:46:52.733-07:00"We've just lived through a laboratory ex..."We've just lived through a laboratory experiment in Keynesian economics and found that the theory was dead wrong."<br /><br />Right on, but the public will never hear about it. Obama will continue to blame Bush and now the sequester. Paul Krugman thumps his chest regularly about how he was somehow right and everyone who disagreed with him was wrong.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5581805228284066462013-03-19T14:11:20.099-07:002013-03-19T14:11:20.099-07:00All this might be true but I dont understand why t...All this might be true but I dont understand why the goal is a balanced budget. We shouldn't run huge deficits indefinitely but I think we are still deleveraging. Cutting taxes as opposed to raising spending might work better, but right now we should probably be doing both.<br /><br />When we balance the budget no new money gets created. With a growing population and a desire to save someaaronhttps://www.blogger.com/profile/06234040124206755681noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82048267858642770842013-03-19T12:52:00.163-07:002013-03-19T12:52:00.163-07:00Europe is pursuing austerity the wrong way: very l...Europe is pursuing austerity the wrong way: very little in the way of spending cuts, most of the work being done by tax increases. Higher taxes are the thing that is really hurting.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23861146726644439462013-03-19T12:45:35.480-07:002013-03-19T12:45:35.480-07:00So just because more government spending didn'...So just because more government spending didn't lead to higher growth logic demands that lower government spending does? Please. Just look to Europe for the results.Gloeschihttps://www.blogger.com/profile/10705125909506053628noreply@blogger.com