If he had said it a year ago, it might have added a little pressure to that dying bread of Republican who actually wants to govern to push for the policies which have ended every recession/depression in the past 80 years.
Originally posted by no1marauder Mostly by state and local governments which have also reduced their levels of employment.
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 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?
Originally posted by normbenign 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?
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.
Originally posted by normbenign 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?
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.
Originally posted by no1marauder 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.
IRS 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?
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?
Originally posted by Kunsoo 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.
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, 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.
Originally posted by normbenign 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.
The final budget in 2011 involved over 38 billion in cuts. Google it.
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.
Originally posted by normbenign 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.
Just: WOW.
It's been obvious for a while that you aren't very bright, but confirming it in this manner is gravy.
31 Aug '12 22:33
Bernanke finally says it
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