For the moment, I would assert that the appropriate response to anything House Speaker Nancy Pelosi proposes is,
“But wait, isn’t your home state of California currently $42 billion dollars in debt?”
For the moment, I would assert that the appropriate response to anything House Speaker Nancy Pelosi proposes is,
“But wait, isn’t your home state of California currently $42 billion dollars in debt?”
From the Heritage Foundation’s Web site:
The American economy does not rise and fall with the level of aggregate demand or deficit spending. Further, government cannot simply pump up total demand through deficit spending. The deficit for 2009 is already projected to exceed $1 trillion, so if deficit spending were effective, the economy
In short, deficit-financed government spending goes up and private spending goes down, changing the composition of demand but not the total.
should already be poised to take off.
Yet the economy is contracting despite these unprecedented deficits because government spending in excess of tax revenues will be financed by borrowing from the private sector, which deprives the private sector of a like amount of purchasing power. In short, deficit-financed government spending goes up and private spending goes down, changing the composition of demand but not the total.
Focusing on demand in this way is like focusing on the sound of one hand clapping. The other hand is supply, and that is where the economic action really is. There are normal processes that launch a recovery and drive an economy. These processes involve individuals and businesses responding to opportunities and incentives. When they respond, these individuals and businesses produce more goods and services valued in the marketplace, simultaneously increasing production, demand, and income. An effective stimulus policy recognizes these economic processes and seeks to accelerate them. Lower marginal tax rates stimulate the economy because they improve the incentives facing individuals and businesses to work, invest, take risks, and seize opportunities.
Hmmm… Can I get *my* stimulus payment in Euros?
(p.s.: if you don’t get the title, say it out loud.)
After three good workouts in the gym, it seems (touch wood) that I am finally over this crud that has plagued me the last six weeks or so.
Hopefully I have reinforced the difference in my mind between “feeling better” and “feeling good”.
Also, the term “bitch slap” is fun to say but, really, the concept is ghastly.
Just because I was in a mood, I skimmed some of the recent (and not-so-recent) shots I’d been meaning to add to the Stock page and picked a few nice ones.
It also entailed making the navigation button smart enough to handle two digits– which took less that a minute to figure out and implement. Sometimes I think I’m getting the hang of this programming thing– though of course now I would (hopefully) never presume the single-digit restriction of scale in the first place. :)
You can get vegan substitutes for practically anything these days. Some of them are quite tasty, too.
But I have to speak for those of us who still don’t care for the beets and the beans and the broccoli and the, uh, the basparagus:
_Why don’t we have meat-based veggies?_
You give me the Boca Burger, I give you the Beefy Beet. You give me the Tofu Turkey, I hand back the Carnivorous Carrot. You get the idea.
If we can put a man on the moon, figuring this out should be a simple task.
I thought I had found a new twist to let me cash in on the success of FaceBook, MySpace, and the like: I started an _anti_-social networking site.
So far, no one has signed up. Success!
For the last two weeks the New York Times Sunday crossword has featured a hidden clue about– you guessed it– Obama.
I’m fairly sure they didn’t have puzzles ready to go featuring McCain in case he won.
Please make it stop.
Let Obama just be President.