Forum Post: Wrong Way Ryan and the Debt
Posted 11 years ago on April 18, 2013, 12:11 p.m. EST by shoozTroll
(17632)
This content is user submitted and not an official statement
No wonder his budget smells so darn bad.
It's based on economic lies and mistakes in calculation.
Or, how a student proved the big shots dead wrong and made them look silly.
http://www.reuters.com/article/2013/04/18/us-global-economy-debt-herndon-idUSBRE93H0CV20130418
Whoops. Oh well. Let's go back to just makin' shit up boys! How about we dust off 'the wealthy are the job creators' again!
Onward Paul Ryan! You ole Randian fuck.
Chart below. Gotta love it.
http://jaredbernsteinblog.com/not-to-pile-on-but-correcting-reinhart-and-rogoff/
Unfortunately, those "Randian fucks" are everywhere, and the truth doesn't slow them down very much.
This story still isn't in the MSM, so most people have never heard about it.
You can be assured that FLAKESnews will ignore it forever.
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Unfortunately, because of the simple fact that this revelation exposes as false, most of the economic arguments on the forum, I believe this thread and facts it tells will be quickly ignored.
"Their central thesis has been substantially weakened."
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Let's hope you're wrong. Ryan's still in office.
It does, on the other hand completely obliterate ANY argument for cutting SS.
"A recent “Spreadsheet Scandal” has rocked the economics world. It also seems to have eliminated the last remaining technical argument in support of the President’s “chained CPI” Social Security cut.
Not weakened it. Eliminated it."
http://www.nationofchange.org/why-spreadsheet-scandal-should-kill-obama-s-social-security-cut-1366553100
Because you know, WallStreet still want's it for their own. they've been after it since the 40s.
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Perhaps we stand on the threshold of the next step in human evolution.
The cure for stupid!!
It behooves us to at least make an attempt..............................:)
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Humans are actually devolving.
Providing all the luxuries of modern life hasn't made us any smarter.
The Big Dumbing Down has also been quite the success story.
So, I wouldn't be holding my breath waiting for a bright new day of intellectual awakening.
Not while our phones are replacing so many of our needs for being "smarter".
Speak for yourself.
I read about improvements and breakthroughs every day.
The implementation is usually held up by and limited by"corporate" interests, so that that should tell you what's really devolving.
Improvements and breakthroughs by whom?
Not the tv watching general public.
Stanford University researcher Gerald Crabtree suggests that evolution is, in fact, making us dumber — and that human intelligence may have actually peaked before our hunter-gatherer predecessors left Africa.
Read more: http://newsfeed.time.com/2012/11/15/research-suggests-humans-are-evolving-to-be-dumber/#ixzz2R9j1BH6Y
FLAKESnews, is the #1 cause of dumbness in the US, along with conse(R)vativism.
Much has been posted, but I won't belabor it again.
It drives the wingers nuts.
To "suggest", doesn't make it so, in fact that's kind of dumb all by itself, and yes, I read this paper a while back.
PS: Like I said, it appears that it's the "corporate citizen" who is suffering from "dumbness syndrome".
You can find a study to prove almost anything.........:)
http://www.rawstory.com/rs/2013/04/21/study-finds-belief-in-free-market-economics-predicts-rejection-of-science/
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I'll give it another bump anyway.
I like the Graeber article too.
He actually gets MMT. Gotta love it.
Graeber on the "great mistake".
http://www.guardian.co.uk/commentisfree/2013/apr/21/no-need-for-economic-sadomasochism?CMP=twt_gu
Please note, that he understands MMT.
Now if only we could get a bit of that understanding around here, we would all be better off.
Another analysis of this breaking story on lies (R)epelicant's tell us.
http://www.alternet.org/economy/meet-28-year-old-student-who-exposed-two-harvard-professors-whose-shoddy-research-drove
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The guy got a quick, short guest spot on Colbert.
I've not seen it in any rotation on the MSM.
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I don't know.
Perhaps on some level they are vested in austerity measures.
The poor, do watch a lot more TV than the rich.
See, shit like this is why I laugh when ever some pretentious half wit tells me I need to take an economics class when ever I speak on the subject. Economist are nothing more than lackeys for their political party. There are no laws of economics. Shit, research how the so called law of supply and demand got its beginning and you will never be fooled again. just on the fact that they threw New Zealand into the sample shows that they wanted a certain outcome. This is a brazen example of statisticulation.
Supply and demand?/
Why that's the doing of the magical mystical invisible hand of the free market..........................:)
There couldn't possibly be any corporate people involved.
But seriously, I laughed when they feigned innocence. when it's more like they never actually looked at it.
I look forwards to that students doctoral thesis, as he said this is what he want's to do it on.
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There isnt a politician up there that can figure out a budget. Either they are the dumbest people on the planet, or there is no way out of this.
You really should read a few of the links I provide before you comment, as this shows that it's "trusted" economists that have the issue.
Economists, I would add that are trusted mostly by your friends, the libe(R)tarians that masquerade as (R)epelican'ts.
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