He's a "case study"...in what I have no idea... He supports every leftist issue verbatim...yet never misses an opportunity to relish in how great "inflation" has been to him personally. At the same time, he's very critical of the lack of regulation following the repeal of Glass Steagall...yet in the absense of this type of regulation, it's put the Fed induced asset inflationary cycle into overdrive...and easily could be argued that the growth of OTC derivatives from 2000-present created this tsunami of asset inflation that he is so fond of. There's a big part of me that just thinks Ricter is here to "troll around" and stir the hornet's nest. There's another part of me that thinks that he hasn't thought thru these issues much, if at all...but he's not nearly as big of a pain in the ass as that dipshit brASS.
Now that's not entirely true, pukrum. I think all transfer payments to the State of Georgia are a complete waste of money. I thank you for making that clear. : )
Making a reference to the 4 or 5 common left posters here is not a blanket statement, especially when they have proved time and time again that they (you) have a lack of basic fundamental knowledge on the economy. Now, if you feel I have shown that I do not have a basic fundamental knowledge on the economy, I would be happy to debate you on ANY topic related to the economy - domestic or international. This is my second such offer to you in this thread alone.
Because he cannot make the connection between the relaxation of regulation and the advent of speculative monetary policy.
By the way, the $6 trillion you mention includes non-discretionary spending, right? And it also has to be included to arrive at your "worst government spending as a percent of GDP" claim? Anyway, bad times for austerity: May 24, 2012 6:54 pm Data deal blow to austerity plans By Sarah OâConnor, Economics Reporter ft.com "So much for hopes Britainâs technical recession was just a statistical error. After a month spent gathering and crunching more data about the economyâs performance in the first quarter of 2012, the Office for National Statistics has decided Aprilâs âflashâ output estimate was not too pessimistic, but too optimistic. <img src="http://im.media.ft.com/content/images/fa8c4594-a584-11e1-a3b4-00144feabdc0.img"> Article continues at ft.com: http://www.ft.com/intl/cms/s/0/d464cc66-a5bf-11e1-a3b4-00144feabdc0.html#axzz1w8EV95Rz
Going to start referring to you as the "matador" because you never accept a challenge to back up your statements, just dodge to the side with an "ole'!"
First of all, all spending should be included in any discussion to cut. All. Second, you can make all the commentary about austerity you want, but when you run out of money and can't borrow anymore, what is your alternative? Steal? If, God forbid, you lose your job and your family looks at it's budget and realizes it can no longer afford all the bills it takes in, do you, as Ricter the Responsible, tell your family that austerity isn't going to work for the growth of the family - you have to spend more?
Yeah, look at that hardcore austerity in the UK, they hardly even spent more then last year..... Look at those big Draconian cuts.... If they keep on at the current pace of "cutting spending" they might run the risk of eliminating the government altogether.....