Glenn Beck - An Inconvenient Debt

brucefan

EOG Dedicated
#1
Glenn Beck - An Inconvenient Debt


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RON PAUL NEWS
 
#2
Re: Glenn Beck - An Inconvenient Debt

My God ....

You are now posting shit from a scumbag who:

1) Mocked those losing homes in the SD Fires

2) Called Katrina Victims scumbags


Beck has as much credibility as say .... Dick Cheney
 

brucefan

EOG Dedicated
#3
Re: Glenn Beck - An Inconvenient Debt

Glenn Beck is awesome, and that is why he has the BALLS to make a video like that



There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."
? PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009
With all due respect Mr. President, that is not true.

Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
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brucefan

EOG Dedicated
#5
Re: Glenn Beck - An Inconvenient Debt

He speaks the truth, why would you like him?



World worries how U.S. will pay for stimulus
By Nelson D. Schwartz

Friday, January 30, 2009
DAVOS, Switzerland: Even as the U.S. Congress looks for ways to expand President Barack Obama's $819 billion stimulus package, the rest of the world is wondering how Washington will pay for it all.
Few people attending the World Economic Forum question the need to revive America's economy, the world's largest, with a package that could reach $1 trillion over two years. But the long-term fallout from increased borrowing by the U.S. government, and its potential to drive up inflation and interest rates around the world, seems to be getting more attention here than in Washington.
"The U.S. needs to show some proof they have a plan to get out of the fiscal problem," said Ernesto Zedillo, the former Mexican president who helped steer his country through a financial crisis in 1994. "We, as developing countries, need to know we won't be crowded out of the capital markets, which is already happening."
Zedillo said that Washington, unlike most other countries, had the option of simply printing more money, because the dollar was a reserve currency for the rest of the world.
Over the long run, that could force long-term interest rates higher and drive down the value of the dollar, undermining the benefits that come with its special status.
Until now, most fears about surging government debt have focused on borrowing by European countries like Spain, Greece and especially Britain, which is also in the midst of a sizable bank bailout. That bailout recently pushed the British pound to a 23-year low against the dollar.
While the dollar's status as refuge in a time of turmoil should prevent that kind of sell-off for now, a number of financial specialists warned that if fundamental factors like the lack of American savings and bloated budget deficits did not change, the dollar could eventually fall sharply.
"There aren't that many safe havens," said Alan Blinder, a Princeton economist who is a former vice chairman of the Federal Reserve in Washington, explaining why the dollar's status as a reserve currency was unlikely to be threatened.
Instead, he suggested, it is the dollar's long-term value against other currencies that is vulnerable. "At some point, there may be so much Treasury debt that investors may start wondering if they are overloaded in dollar assets," Blinder said.
The focus in Washington has been on putting together a stimulus package that will attract broader political support when it comes up for a vote in the Senate. But here in Davos the talk has been about the coming avalanche of Treasury debt needed to pay for the plan, on top of the bailout measures approved last autumn, like the $700 billion Troubled Asset Relief Program or TARP.
The stimulus was approved Wednesday by the House without Republican support, and could grow larger - mostly likely with additional tax cuts - to attract a bipartisan coalition.
U.S. officials maintain they are aware of the challenge. A top White House adviser, Valerie Jarrett, promised in Davos on Thursday that once the stimulus plan had achieved its intended affect, the United States would "restore fiscal responsibility and return to a sustainable economic path."
Jarrett, a confidante of Obama and his wife, Michelle, is the highest-ranking administration official at Davos.
To be sure, Congress and the White House will ultimately need to refill the government's coffers, but how they might do that is barely on the radar screen in Washington at this point.
"Even before Obama walked through the White House door, there were plans for $1 trillion of new debt," said Niall Ferguson, a Harvard University historian who has studied borrowing and its impact on national power.
He now estimates that $2.2 trillion in new government debt will be issued this year, assuming the stimulus plan is approved.
"You either crowd out other borrowers or you print money," Ferguson added. "There is no way you can have $2.2 trillion in borrowing without influencing interest rates or inflation in the long term."
Ferguson was particularly struck by the new borrowing because the roots of the current crisis lay in an excess of American debt at all levels, from individual homeowners with subprime mortgages to Wall Street banks who let their balance sheets balloon.
"This is a crisis of excessive debt, which reached 355 percent of American gross domestic product," he said. "It cannot be solved with more debt."
Ferguson is skeptical about the Keynesian thinking behind Obama's plan - rather than borrowing and spending to stimulate the economy, he favors corporate tax cuts. But even supporters of the plan like Zedillo and Stephen Roach, the chairman of Morgan Stanley Asia, have called on the White House to address quickly how it will pay for the spending in the long term.
"It's huge," Roach said. "President Obama has now laid out a scenario of multiyear, trillion-dollar deficits."
To make matters worse, he said, the United States "is a savings-short, deficit economy. When we decide to borrow, we're asking lenders from around the world to step up and give us the money."
The stimulus is widely expected to pass, but once it does, Roach said the focus would shift to "who foots the bill and what is the exit strategy. We don't have the answer to either question."
Zedillo, who remembers the way Mexico was forced to tighten its belt when it received billions of dollars from Washington to keep its economy from collapsing in 1994, was even more blunt.
"People are not stupid," Zedillo said. "They see the huge deficit, the huge spending, and wonder what comes next."


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#6
Re: Glenn Beck - An Inconvenient Debt

Interesting part is if McCain was Elected and went this route your crowd
would be cheering this on

You know it and so do I
 

brucefan

EOG Dedicated
#7
Re: Glenn Beck - An Inconvenient Debt

Tom Woods on Glenn Beck


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#8
Re: Glenn Beck - An Inconvenient Debt

well if its on FOX NEWS who as an American should question the GOP BROADCASTING NETWORK

Beck should go back on the bottle as he was more enjoyable to listen
to drunk
 

brucefan

EOG Dedicated
#9
Re: Glenn Beck - An Inconvenient Debt

While the crazy left is still dancing in the streets after they raided the treasury and spent like a drunken sailer, thank you Glenn for bring everyone back to reality

California here we come......2348ji23e


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#11
Re: Glenn Beck - An Inconvenient Debt

bruce its sickening isnt it.....

Media turned Obama into an icon and now we have an incapable, spend and let our children take care of it, administration.....

Im only 22 if we pay off 1 dollar a second it will take roughly 320,000 years to pay this debt off.

And if anybody thinks the spending by liberals is over they still have at least 4 more years to destroy the financial system....
 
#12
Re: Glenn Beck - An Inconvenient Debt

Cubsfan:

what cave did ya hide in since 2000?

this comment from you is borderline retard:

now we have an incapable, spend and let our children take care of it, administration.....

:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO
 
#14
Re: Glenn Beck - An Inconvenient Debt

Bruce:

sooo according to you victims who lose everything in floods are scumbags??

I want to see ya defend Beck's crap ... please do as he also mocked those
who lost homes in SD


Beck and Hannity pulling the trigger with loaded shotguns in their mouths would be great PPV
 
#15
Re: Glenn Beck - An Inconvenient Debt

Cubsfan:

what cave did ya hide in since 2000?

this comment from you is borderline retard:

now we have an incapable, spend and let our children take care of it, administration.....

:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO

?????/

I dont think people your age will have it paid off yet your reaping the benefits.......

how is that not passing a burden down generations????
 

brucefan

EOG Dedicated
#19
Re: Glenn Beck - An Inconvenient Debt

Bruce:

sooo according to you victims who lose everything in floods are scumbags??

I want to see ya defend Beck's crap ... please do as he also mocked those
who lost homes in SD


Beck and Hannity pulling the trigger with loaded shotguns in their mouths would be great PPV
Get over yourself allready, you have no clue what your talking about

You are suffering from a severe case of Bush Derangement syndrom, and just keep mumbling the same talking points about Glenn

You should watch the show, as I recommend everyone who reads this should, and judge for yourself

Glenn is the best on TV, and radio period, I dont think there is anyone close

Its a very different show, as he attacks most issues that many are not willing to even talk about. There is a lot of humor and sarcasim in what he says, and anyone that watches the show understands this.

If you are telling me that he said the Katrina victims are scumbags, number one, what else was he talking about and in what context was it said. Second, before you draw a conclusion on the guy, listen to his show for a week or so.

He is only on the radio for 3 hrs a day, and on Fox for an hour, its pretty easy to figure out what hes all about.

Now about that loudmouth Olberdope moron........:LMAO
 

brucefan

EOG Dedicated
#20
Re: Glenn Beck - An Inconvenient Debt

You cannot borrow your way out of debt.


<EMBED src=http://www.youtube.com/v/94lW6Y4tBXs&hl=en&fs=1 width=640 height=505 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>

Wish he could ask Obama about that $9 trillion he plans to spend.
 
#21
Re: Glenn Beck - An Inconvenient Debt

Glenn is the best on TV, and radio period, I dont think there is anyone close


:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO
 

brucefan

EOG Dedicated
#22
Re: Glenn Beck - An Inconvenient Debt

Glenn is the best on TV, and radio period, I dont think there is anyone close


:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO:LMAO
And proving it once again :thumbsup

Glenn Beck - Obama why don't you just set us on fire and get it over with

<EMBED src=http://www.youtube.com/v/RNp9GSbFQhQ&hl=en&fs=1 width=560 height=340 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
 
#23
Re: Glenn Beck - An Inconvenient Debt

And proving it once again :thumbsup

Glenn Beck - Obama why don't you just set us on fire and get it over with

<embed src="http://www.youtube.com/v/RNp9GSbFQhQ&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340">
:houra:houra:houra:houra:houra:houra:houra:houra:houra:houra:houra
 
#24
Re: Glenn Beck - An Inconvenient Debt

Please dooooo Beck

I have plenty of matches and I wouldn't piss on the POS if he was
up in flames


Do Humanity a big favor Beck
 

brucefan

EOG Dedicated
#25
Re: Glenn Beck - An Inconvenient Debt

Please dooooo Beck

I have plenty of matches and I wouldn't piss on the POS if he was
up in flames


Do Humanity a big favor Beck
Now now Doc, who is the person here endorsing violence?

There are meds available for people who feel like things are a little out of control

Hold it together there big guy, we are all here for you if you need to talk


 

tank

EOG Dedicated
#26
Re: Glenn Beck - An Inconvenient Debt

bruce its sickening isnt it.....

Media turned Obama into an icon and now we have an incapable, spend and let our children take care of it, administration.....

Im only 22 if we pay off 1 dollar a second it will take roughly 320,000 years to pay this debt off.

And if anybody thinks the spending by liberals is over they still have at least 4 more years to destroy the financial system....
So let me get this straight.When Bush took office we had a small deficit and the debt was 4 trillion.When he left the debt was over 10 trillion and his last budget was 2.9 trillion and obamas first one is 3.4 trillion.Can you maybe explain to me how we got here again??????
 

brucefan

EOG Dedicated
#27
Re: Glenn Beck - An Inconvenient Debt

Bush Deficit vs. Obama Deficit in Pictures

  • .
<!-- sphereit start -->

President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama?s budget deficits in context of President Bush?s.
What?s driving Obama?s unprecedented massive deficits? Spending. Riedl details:
UPDATE: Many Obama defenders in the comments are claiming that the numbers above do not include spending on Iraq and Afghanistan during the Bush years. They most certainly do. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is included in the numbers above. Also, some Obama defenders are claiming the graphic above represents biased Heritage Foundation numbers. While we stand behind the numbers we put out 100%, the numbers, and the graphic itself, above are from the Washington Post. We originally left out the link to WaPo. It has been now been added.
CLARIFICATION: Of course, this Washington Post graphic does not perfectly delineate budget surpluses and deficits by administration. President Bush took office in January 2001, and therefore played a lead role in crafting the FY 2002-2008 budgets. Presidents Bush and Obama share responsibility for the FY 2009 budget deficit that overlaps their administrations, before President Obama assumes full budgetary responsibility beginning in FY 2010. Overall, President Obama?s budget would add twice as much debt as President Bush over the same number of years
 

tank

EOG Dedicated
#28
Re: Glenn Beck - An Inconvenient Debt

Another nice copy and paste bruce.Do you realize that in obamas budget he is including the war cost's while bush never did??Please explain how we got into this without another cut and paste please.
 
#29
Re: Glenn Beck - An Inconvenient Debt

Tank:

Brucefan will answer as soon as Wayne Allan Root tells him to answer
the great point ya just made up

Ohhhh ..... the Righties are gonna love you on this forum !!!


:+textinb3:+textinb3:+textinb3:+textinb3:+textinb3
 

brucefan

EOG Dedicated
#30
Re: Glenn Beck - An Inconvenient Debt

Another nice copy and paste bruce.Do you realize that in obamas budget he is including the war cost's while bush never did??Please explain how we got into this without another cut and paste please.
I know this hard to understand, but we have a NEW PRESIDENT who is now destroying our Country by acting like BUSH on Steroids.

You guys sound like fools , and brainless parrots with your anti Bush crap

I am not defending George Bush, or his bullshit spending , but we have madman in office now with a radical Socialist agenda ,who has to be stopped

I am for shrinking the Federal Government, abolishing the Fed, freedom, against all bailouts, and for lower taxes , including eliminating the income tax.

I am fiscally very conservative


I am also for any politician that will actually say what they mean, and mean what they say. Tell me what you stand for and Ill decide if I agree or not

Let Hussein come out and admit, he believes in Socialism, and then lets have an honest debate about it

Dont tell me you didnt BOW DOWN, does he think we all are brain dead







You guys sit back and make sure you take your medication every 4 hours to cure that bad nasty case of Bush Derangement syndrom you have been suffering from, and we will take back our Country.
 

tank

EOG Dedicated
#31
Re: Glenn Beck - An Inconvenient Debt

I know this hard to understand, but we have a NEW PRESIDENT who is now destroying our Country by acting like BUSH on Steroids.

You guys sound like fools , and brainless parrots with your anti Bush crap

I am not defending George Bush, or his bullshit spending , but we have madman in office now with a radical Socialist agenda ,who has to be stopped

I am for shrinking the Federal Government, abolishing the Fed, freedom, against all bailouts, and for lower taxes , including eliminating the income tax.

I am fiscally very conservative


I am also for any politician that will actually say what they mean, and mean what they say. Tell me what you stand for and Ill decide if I agree or not

Let Hussein come out and admit, he believes in Socialism, and then lets have an honest debate about it

Dont tell me you didnt BOW DOWN, does he think we all are brain dead







You guys sit back and make sure you take your medication every 4 hours to cure that bad nasty case of Bush Derangement syndrom you have been suffering from, and we will take back our Country.
I am all for this too bruce but the difference between you and I is that i am not going to fall for all the scared sheep nonsense and the whining and crying crap the right gets from fox.I am not going to pretend the last 8 years never happened and that this mess just started .Notice how no one wants to talk about the last 8 years now?Is this the only defense they have??That's how we got here.
 
#32
Re: Glenn Beck - An Inconvenient Debt

Lets see

Reagan - Socialist
Bush 43 - Fascist
Bush 41 - Marxist
Clinton - too busy getting oral
Obama - Socialist


Looks like we've covered the options the last 2 plus decades
 

brucefan

EOG Dedicated
#33
Re: Glenn Beck - An Inconvenient Debt

Its simple how we got here, too much government intervention in the free markets system.

The Federal reserve system manipulating interest rates ,

and the corrupt GSE'S, Fannie and Freddie , guaranteeing loans so all hell can break loose

Blaiming this on failed policies of the Bush adm. is a simplistic talking point.

Now there is an all out assault on capitalism and free markets, and Obama is leading us in the wrong direction, at the wrong time
 
#34
Re: Glenn Beck - An Inconvenient Debt

Tank, you are more clueless than a King Hussein adviser.

If burgeoning debt was your real concern than you would be channeling your righteous indignation at two of the most reckless and fiscally irresponsible administrations in history:

1) FDR (New Deal)
2) LBJ (Great Society)

Hello???? McFly???? Social Security, Medicare, Medicaid, Fannie & Freddie....ring a bell?

And just imagine...Hussein is WORSE than those two COMBINED! :doh1

SOCIALISM brought us here, NOT President Bush.

Over 50 TRILLION in unconstitutional entitlement liabilities heading our way courtesy of the "social justice" commies and you anti-Bush monkeys are throwing feces over a president who liberated 50 million people in the middle east and kept America safe for 8 years.

It's called:

 

tank

EOG Dedicated
#35
Re: Glenn Beck - An Inconvenient Debt

Its simple how we got here, too much government intervention in the free markets system.

The Federal reserve system manipulating interest rates ,

and the corrupt GSE'S, Fannie and Freddie , guaranteeing loans so all hell can break loose

Blaiming this on failed policies of the Bush adm. is a simplistic talking point.

Now there is an all out assault on capitalism and free markets, and Obama is leading us in the wrong direction, at the wrong time
Good points but again you blame fannie and freddy while those bad loans only accounted for 20% of the mess.You say the govt. intervened to much but i think they deregulated to much and let these fat cats have their way with greed and screwed the taxpayer in the process.They have you convinced we had to bail out Wall Street but let the automakers go bankrupt and screw the middle class again.Hell has been breaking loose for years now but it is just now coming with a price tag on it.
 
#36
Re: Glenn Beck - An Inconvenient Debt

Here's what the NYTs (of all newspapers) wrote in 1999:

"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”​
Bottom line: No Fannie and Freddy, no sub-prime mortgage crisis.

Amazing how often BIG GOVERNMENT do-gooders tranform any semi-informed individual into Nostradamus. :doh1
 

tank

EOG Dedicated
#37
Re: Glenn Beck - An Inconvenient Debt

Tank, you are more clueless than a King Hussein adviser.

If burgeoning debt was your real concern than you would be channeling your righteous indignation at two of the most reckless and fiscally irresponsible administrations in history:

1) FDR (New Deal)
2) LBJ (Great Society)

Hello???? McFly???? Social Security, Medicare, Medicaid, Fannie & Freddie....ring a bell?

And just imagine...Hussein is WORSE than those two COMBINED! :doh1

SOCIALISM brought us here, NOT President Bush.

Over 50 TRILLION in unconstitutional entitlement liabilities heading our way courtesy of the "social justice" commies and you anti-Bush monkeys are throwing feces over a president who liberated 50 million people in the middle east and kept America safe for 8 years.

It's called:

Joey this will be my last post to you since i don't like wasting my time with a phony fraud that is from canada acting like an american.That's really creepy.If you would do a little research you would notice that Bush is the biggest spender that added to the debt.
"When adjusted for inflation, discretionary spending ? or budget items that Congress and the president can control, including defense and domestic programs, but not entitlements such as Social Security and Medicare ? shot up at an average annual rate of 5.3 percent during Bush?s first six years,
Then there was the 2003 Medicare prescription drug benefit ? the biggest single expansion in the program?s history ? whose 10-year costs are estimated at more than $700 billion.
Even with all these programs you speak of when clinton left office his last year he only added 18 billion dollars to the national debt.Gee Einstein care to think how we got from 3 trillion to over 10 trillion without the usual Fox talking points.
 
#38
Re: Glenn Beck - An Inconvenient Debt

Tank:

dont worry .... Joey the Canuck shows up every 10 days to take his ass
whipping like a man and then runs over to hide behind Wilhelm's skirt across the street

I was not sure if Joe the Plumber knew how to operate a computer but
appears that Joe the Plumber might indeed in real life be Canada's version
of Audie Murphy
 

tank

EOG Dedicated
#39
Re: Glenn Beck - An Inconvenient Debt

Tank:

dont worry .... Joey the Canuck shows up every 10 days to take his ass
whipping like a man and then runs over to hide behind Wilhelm's skirt across the street

I was not sure if Joe the Plumber knew how to operate a computer but
appears that Joe the Plumber might indeed in real life be Canada's version
of Audie Murphy
I have no problem bantering with anyone but it's hard to do it with someone that is not even from here talking about socialism and all when he is from a country that has it.Why in the hell would anyone act like an american when they are not. What a fraud.Who cares what he thinks since he is not even paying taxes or living here.
 

brucefan

EOG Dedicated
#40
Re: Glenn Beck - An Inconvenient Debt

Good points but again you blame fannie and freddy while those bad loans only accounted for 20% of the mess.You say the govt. intervened to much but i think they deregulated to much and let these fat cats have their way with greed and screwed the taxpayer in the process.They have you convinced we had to bail out Wall Street but let the automakers go bankrupt and screw the middle class again.Hell has been breaking loose for years now but it is just now coming with a price tag on it.

Why do you think the "fat cats" as you say took on all the risk they did?

The reason is because you took away the downside.

The government getting involved backing these loans created a pretty good deal to encourage risk

Why doesn't everyone take all their money and go to the casino?

We dont do that , because the markets protect bad behavior since we all know we can loose.


If there was fraud, or something done illegal, we have laws for that.

Lending should be a pretty simple business dont you think?

I lend my money to you, evaluate the risk, charge a rate, commensurate with the risk , and the decide to lend.

If you dont pay, I lose, not the taxpayers?


If you drill down far enough, you will find at the root of most problems stem from the government
 
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