31 Aug 12
Originally posted by no1marauderThat will be difficult to support as State spending, and even more so local spending is not reported nationally. Federal spending hasn't been cut an iota, as demonstrated by the lack of a budget for nearly four years, and government running on continuing resolutions, which automatically increase spending.
Mostly by state and local governments which have also reduced their levels of employment.
The real question is how can local and state spending continue in the face of a tax base which is shrinking in numbers and dollars? And Bernanke's solution is what? And why ought we listen to him?
31 Aug 12
Originally posted by normbenignJesus Christ, norm, you can't really be THAT dumb, can you? State and local governments have to publish their spending and there's these newfangled gadgets called "computers" that people in Washington have that can gather data from far flung locations. They don't have to send runners or messages tied to carrier pigeons in order to get such facts.
That will be difficult to support as State spending, and even more so local spending is not reported nationally. Federal spending hasn't been cut an iota, as demonstrated by the lack of a budget for nearly four years, and government running on continuing resolutions, which automatically increase spending.
The real question is how can local and state s ...[text shortened]... ing in numbers and dollars? And Bernanke's solution is what? And why ought we listen to him?
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31 Aug 12
Originally posted by normbenignDo you actually make an effort to become informed before you type stuff like that? Yes, there have been federal spending cuts, and yes, the states do report on their spending.
That will be difficult to support as State spending, and even more so local spending is not reported nationally. Federal spending hasn't been cut an iota, as demonstrated by the lack of a budget for nearly four years, and government running on continuing resolutions, which automatically increase spending.
The real question is how can local and state s ...[text shortened]... ing in numbers and dollars? And Bernanke's solution is what? And why ought we listen to him?
31 Aug 12
Originally posted by no1marauderIRS figures are finalized a couple of years after the fact. There is no agency responsible for collecting and collating state and local data. Do you suggest that it ought to be done by Fox News, or MSNBC?
Jesus Christ, norm, you can't really be THAT dumb, can you? State and local governments have to publish their spending and there's these newfangled gadgets called "computers" that people in Washington have that can gather data from far flung locations. They don't have to send runners or messages tied to carrier pigeons in order to get such facts.
Who then?
Want to form another bureaucracy to do the job? What will that line item be and how many billions of $ will they waste?
31 Aug 12
Originally posted by KunsooWhat are the Federal budget cuts? The government has been running on CRs for nearly 4 years, and every line item has an increase built in.
Do you actually make an effort to become informed before you type stuff like that? Yes, there have been federal spending cuts, and yes, the states do report on their spending.
Sure States do, and cities and villages do as well, but there isn't a central clearing house for all this data. Metro Detroit has three counties, two of which are quite solvent, one which is in terrible debt, including the City itself. As of the present the cuts in spending even in the nearly bankrupt city of Detroit proper don't amount to much.
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31 Aug 12
Originally posted by normbenignThe final budget in 2011 involved over 38 billion in cuts. Google it.
What are the Federal budget cuts? The government has been running on CRs for nearly 4 years, and every line item has an increase built in.
Sure States do, and cities and villages do as well, but there isn't a central clearing house for all this data. Metro Detroit has three counties, two of which are quite solvent, one which is in terrible debt, incl ...[text shortened]... the cuts in spending even in the nearly bankrupt city of Detroit proper don't amount to much.
And Bernanke was certainly in a position to have a staff person research the spending cuts/increases in 50 states assuming that there's no national database. It probably would have taken all of an hour to look up newspaper reports in each state.
01 Sep 12
Originally posted by normbenignJust: WOW.
What are the Federal budget cuts? The government has been running on CRs for nearly 4 years, and every line item has an increase built in.
Sure States do, and cities and villages do as well, but there isn't a central clearing house for all this data. Metro Detroit has three counties, two of which are quite solvent, one which is in terrible debt, incl ...[text shortened]... the cuts in spending even in the nearly bankrupt city of Detroit proper don't amount to much.
It's been obvious for a while that you aren't very bright, but confirming it in this manner is gravy.