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(Fox News)   So it's the Monday after sequester...what happened to all the doom, gloom, mayhem, and despair predicted by the White House? White House: Um, yeah, we might have been exaggerating a little. Still the Republicans' fault, though   (foxnews.com) divider line 261
    More: Obvious, Kentucky Republican, White House, Senate Republican Leader, Kelly Ayotte, wage earners, Gene Sperling, military sciences, Mitch McConnell  
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776 clicks; posted to Politics » on 04 Mar 2013 at 8:01 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-04 05:29:17 PM

MattStafford: Was I wrong?  What would happen if bond yields returned to their historical average?  Obviously, we couldn't afford to borrow as much as we do, and would have forced austerity - very similar to what Greece is going through.  Oh - I forgot, our bond yields will stay historically low forever and the dollar will be the global reserve currency for a million more years.  Get your heads out the sand.


Finally! An economist! Except Greece doesn't control their own currency, so the comparison is incredibly stupid. You are an economist, right?
 
2013-03-04 05:35:12 PM

MattStafford: Flab: It's almost as if your graph answered the other question you had earlier. Look at who else is buying those T-bills: Europe and Canada.

Europe?  Broke as all fark, about to collapse into social unrest Europe?  We're going to rely on them to lend us money?  You guys are delusional.


What stupid blog do you get this stuff from?
 
2013-03-04 05:59:26 PM
Over the weekend ive been hearing from the GOP how this is a great thing..I wonder if they feel that way today after hearing about airport delays and base teachers being laid off
 
2013-03-04 05:59:57 PM

Evil High Priest: You are an economist, right?


He plays one on the internet.
 
2013-03-04 07:30:07 PM

Fart_Machine: Evil High Priest: You are an economist, right?

He plays one on the internet.


Not very well..
 
2013-03-05 05:20:36 AM

bgilmore5: Shouldn't we have been conquered by the Russians, Iranians, Chinese, or North Koreans by now?  I could have sworn the Republicans cried about our security vulnerabilities. Surely, our enemies that spend way less than 10% on their militaries are going to take advantage. OMG, they are talking about canceling air shows. I've never understood why we waste so much money on those things anyway.


I think historically they've been inexpensive and are tied into training and not just some HEY LETS SPEND A FORTUNE TO SEE PLANES. I could be wrong though, I think I read that a few years ago.

/agreed that it's still pointless.
 
2013-03-05 06:14:05 AM
And exactly as predicted, the GOP are trying to reduce or eliminate the defense cuts while leaving the domestic cuts in place.
 
2013-03-05 06:14:46 AM
 
2013-03-05 08:20:43 AM

dukeblue219: Same way if you lose your job, even if you have no savings, you don't find yourself in a box on the street corner the very next morning.


I'm sure by 2030, 18 year old literacy will fall to 3% thanks to cutting of head start programs.  Thanks, Obama
 
2013-03-05 09:02:19 AM
The sequester is good for the United States of America. There, I've written it. I don't really see what the big problem is. Anecdotal and local effects of the sequester must be endured, adapted to, and overcome.  Generate value through innovation. Generate revenue through indepedent work. Create. Work.
 
2013-03-05 10:24:39 AM

lantawa: The sequester is good for the United States of America. There, I've written it. I don't really see what the big problem is. Anecdotal and local effects of the sequester must be endured, adapted to, and overcome.  Generate value through innovation. Generate revenue through indepedent work. Create. Work.


How will work be created when demand is reduced, particularly in those areas most affected by the sequester? You know what would create work? A WPA-style infrastructure jobs program.
 
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