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| Somebody Gets It - It's ALL Borrowed in forum [General]
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Pika-steph
Posts: 54911
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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I was kind of shocked to see this in print. Quote: FACT CHECK: Obama and the phantom peace dividend
WASHINGTON (AP) - President Barack Obama laid claim to a peace dividend that doesn't exist when he told the nation he wants to use money saved by ending wars to build highways, schools and bridges.
The wars were largely financed by borrowing, so there is no ready pile of cash to be diverted to anything else.
The claim was one of several by Obama in his acceptance speech Thursday at the Democratic National Convention in Charlotte, N.C., and by Vice President Joe Biden in earlier remarks that did not match the facts. A look at some of their assertions:
OBAMA: "I'll use the money we're no longer spending on war to pay down our debt and put more people back to work - rebuilding roads and bridges, schools and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it's time to do some nation-building right here at home."
THE FACTS: The idea of taking war savings to pay for other programs is budgetary sleight of hand, given that the wars were paid for with increased debt. Obama can essentially "pay down our debt," as he said, by borrowing less now that war is ending. But he still must borrow to do the "extra nation-building" he envisions.
He made a similar statement in his State of the Union address, and it is no less misleading now than in January. And the savings appear to be based at least in part on inflated war spending estimates for future years.
http://apnews.myway.com/article/20120907....
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Rjazz117
Posts: 17965
Incept: 2007-09-11
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...besides, "roads and bridges, schools and runways" only put SOME of us to work, and most of it, only temporarily, even if it could all be financed.
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 “To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |
Mo
Posts: 12158
Incept: 2007-06-26
Pa.
Online
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Quote:he wants to use money saved by ending wars to build highways, schools and bridges. He said the same thing about the stimulus money in 2009. It was mostly stolen by the usual Dem suspects.
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Welcome to Pottersville
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Dashingdwl
Posts: 9810
Incept: 2007-06-26
los angeles
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How about a fact check on his statement that we created "500,000 manufacturing jobs in the last 24 months"?
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Stoptheinsanity
Posts: 235
Incept: 2007-07-12
WI - Recall Central
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Quote:How about a fact check on his statement that we created "500,000 manufacturing jobs in the last 24 months"? OBAMA: "We can help big factories and small businesses double their exports, and if we choose this path, we can create a million new manufacturing jobs in the next four years."
THE FACTS: Obama has claimed an increase of some 500,000 manufacturing jobs over the past 29 months. But this is cherry picking by the president. From the beginning of Obama's term 3 1/2 years ago, manufacturing jobs have declined by more than 500,000, according to the Labor Department's Bureau of Labor Statistics. Manufacturing jobs have been on a steady decline for nearly two decades.
Even though there has been a modest uptick in manufacturing jobs this year, unless there is a major turnaround, it seems unlikely that Obama's goal of 1 million new manufacturing jobs can be reached by his target date of 2016.[\i]
http://news.yahoo.com/fact-check-obama-p....
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Goodness is the only investment that never fails - Thoreau
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Dashingdwl
Posts: 9810
Incept: 2007-06-26
los angeles
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Nice. Thanks.
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Oldpool
Posts: 895
Incept: 2010-06-23
LI NY
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Govt run schools suck, if you take the printed money for infrastructure it comes with all kinds of attachments.
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Liberty, Comrade!
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Trades50
Posts: 4237
Incept: 2007-10-30
Land of Tax and Spend
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Anytime I hear schools it leads to higher taxes.
The HS teachers around my area are already paid well over $100K/year. The HS in my area looks like a palace compared to the way it looked before. It has a bright multicolored LED information sign in front and they added a glass addition to the front.
They will always take more money. The teachers drive around in BWMs and Mercedes.
It's all for the kids (sarc).
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Dashingdwl
Posts: 9810
Incept: 2007-06-26
los angeles
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Indeed. My kid's 3rd grade teacher drives a new BMW M3. Yet every month my kid comes home saying something to the effect of "they are cutting money from our schools", the school "cannot buy new Apples for the computer lab because of cuts" and more "teachers are going to lose their jobs" etc. It's sad but the fact is they are brainwashing our kids and using guilt/sorrow tactics to promote their agenda. I cannot find the picture, but the teachers put 12 empty seats in front of the school last year to show the kids how many teachers would lose their job if the state didn't pass a 1c retail tax increase. Each week, the teachers would send home brightly colored-paper fliers urging us to call our state reps to pass the tax. John and Ken AM KFI 640 radio used my picture of the seats in front of the school last year on their blog; called it "psychological warfare on kids".
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Trades50
Posts: 4237
Incept: 2007-10-30
Land of Tax and Spend
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Quote: Each week, the teachers would send home brightly colored-paper fliers urging us to call our state reps to pass the tax. The school did that a while back threatening graduation as well as the sports and music programs. They told the kids to tell their parents to vote for a referendum for a school tax hike. This is extortion and using the kids as tools. Right after the parents voted for it they did all these improvements and spent millions of dollars and gave themselves pay raises. It was disgusting.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Pika-steph
Posts: 54911
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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It's really, REALLY extortion when your public school tries to get your kid to sell you a Chevy Volt because it's for the 'greater good.' http://www.fedupusa.org/2011/06/you-know....Anyone on this forum that still has their kid(s) in public school needs to have their head examined.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/"The only regulation that really works is failure."--Rick Santelli
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Lemonaid
Posts: 9921
Incept: 2008-01-20
Metro Detroit
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Why do teachers need an ever greater percentage of our money?
In the private sector we do more with less or simply go out of business.
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
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Dashingdwl
Posts: 9810
Incept: 2007-06-26
los angeles
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Come on Lemon! IT'S FOR THE KIDS!!!
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Visualcsharp
Posts: 343
Incept: 2009-12-19
Round Rock, TX
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Guess what, folks: The world doesn't need more manufacturing jobs! Technology and automation have rendered lots of manual labor completely unnecessary!
It is pure pandering to talk positively about manufacturing jobs. What we need are more skilled programmers--Lord knows I've worked with a ton who couldn't code if it saved their lives--and, quite simply, more knowledge workers in general.
Do we want to be stuck in the Industrial Revolution forever? Do we want to simply make things, regardless of whether anyone actually wants to purchase them? The answer is, of course, no. Most of us already have what we need and there's nothing wrong with that. As a people, humanity should be working toward more leisure time and more automation so that our combined quality-of-life can improve!
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Themortgagedude
Posts: 8894
Incept: 2007-12-17
saint louis
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Vis - that would be great but many people need manufacturing jobs. Or something manual labor.
It would be nice if a guy could still find a factory job to support a family.
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I'm already visualizing you with duct tape over your mouth.
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Lemonaid
Posts: 9921
Incept: 2008-01-20
Metro Detroit
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Visual, fractional reserve lending with interest prevents it.
Bankers soak up productivity gains instead of producers accumulating ever greater wealth.
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
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Verreken
Posts: 138
Incept: 2009-02-27
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Vis wrote: Quote:Guess what, folks: The world doesn't need more manufacturing jobs! Technology and automation have rendered lots of manual labor completely unnecessary! TMD wrote: Quote: Vis - that would be great but many people need manufacturing jobs. Or something manual labor. Unfortunately you are both correct. When I was in college I worked at a summer job in an aluminum extrusion plant. It was UAW, most of the workers were high school at best or drop outs. The work required brawn and not brains. It consisted of loading heated aluminum into a press, like loading a cannon, pressing it though a steel die, sending out fifty feet of strip aluminum (window frame, door frames etc in the making). It would be moved by hand to a table to cool and then sawed into lengths for further processing. If there was a problem with a burr in the metal, the foreman checked for it with a graphite pencil, feeling for the burr. This was only one part of the compound operation. It employed 50 people with low end skills. TMD is correct we need jobs for people at that skill level. What happened to that small local plant? The work went to asia, because of labor costs and overhead (UAW). What would happen if you brought it back to North America? Vis is correct. It would be set up with robotics, automated and computerized and now employ 5 people with tech skills, and maybe one of the old employees to push a broom and do clean up. The other 49 low skilled workers are out, the foremen is replaced with a laser. There would be no UAW either. Bringing manufacturing back will not necessarily bring back jobs. Manufacturing jobs of the past no longer exist in many areas. There are still some but the number is shrinking and the cheep labor market else where make it unlikely that any of them would come back. In another place that I lived the local aluminum plant went on strike for higher wages (again union shop). The plant shut down and has never reopened. It was cheeper for the company to produce the parts over seas. They could actually make more money selling the electricity they had contracted for to California than making aluminum parts. |
Mdporter
Posts: 576
Incept: 2008-02-26
San Jose, CA
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Quote:The school did that a while back threatening graduation as well as the sports and music programs. They told the kids to tell their parents to vote for a referendum for a school tax hike. This is extortion and using the kids as tools. Right after the parents voted for it they did all these improvements and spent millions of dollars and gave themselves pay raises. It was disgusting. I'd have a hard time not sending my own flyer back to the teachers. one that detailed their hourly pay, four months of annual vacation time, pension and health care benefits, etc. Teachers have it real good. they don't like it that they don't make a lot early in their careers, but nearly every job is like that when you enter the workforce. They know taxes are their lifeblood and there will never be a tax they don't want you to vote for. |
Pitz
Posts: 860
Incept: 2010-04-08
voluntary resigned
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Quote:What we need are more skilled programmers-- Open your resume queues, start interviewing in good faith, offer up a reasonable salary, and you'll have all the people you need. Pretty easy to find good/skilled programming talent. Its not uncommon to see very skilled programmers spend years on the unemployment lines before they either give up, or find a job. |
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