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#1
posted to rec.boats
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On Thu, 29 Jan 2009 08:31:38 -0800, Frogwatch wrote:
Not content to thumb their noses at their parents sacrifices, the boomers chose to embrace immediate gratification via massive debt to fuel their every whim. Now that the bill has come due, in true boomer fashion they are now trying to pass the bill onto their great grandchildren via Obama’s “Stimulus Plan” that will be paid by successive generations. Up until Reagan, according to Dick Cheney, "proved deficits don't matter", there were only two reasons for deficit spending, fighting a war, and fighting a recession. There were 55,000 announced job cuts on Monday alone. Frankly, I'm praying Obama's "Stimulus Plan" is enough. This is already going to be a severe recession, without Obama's plan, it could very well be a depression. Oh, and if something like the Great Depression were to hit today, it would cost this country upwards of $20 trillion. http://www.washingtonpost.com/ac2/wp...nguage=printer |
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#2
posted to rec.boats
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On Thu, 29 Jan 2009 11:22:11 -0600, thunder wrote:
On Thu, 29 Jan 2009 08:31:38 -0800, Frogwatch wrote: Not content to thumb their noses at their parents sacrifices, the boomers chose to embrace immediate gratification via massive debt to fuel their every whim. Now that the bill has come due, in true boomer fashion they are now trying to pass the bill onto their great grandchildren via Obamas Stimulus Plan that will be paid by successive generations. Up until Reagan, according to Dick Cheney, "proved deficits don't matter", there were only two reasons for deficit spending, fighting a war, and fighting a recession. There were 55,000 announced job cuts on Monday alone. Frankly, I'm praying Obama's "Stimulus Plan" is enough. This is already going to be a severe recession, without Obama's plan, it could very well be a depression. Oh, and if something like the Great Depression were to hit today, it would cost this country upwards of $20 trillion. http://www.washingtonpost.com/ac2/wp...nguage=printer Obama's stimulus plan could go a long way, if he wasn't using it as a power play. What percent of his plan is actually going to infrastructure, which was the big selling point around here? -- John H Go here first... http://tinyurl.com/d3vxvm * Definition of a teenager? God's punishment...for enjoying sex. * |
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#3
posted to rec.boats
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On Jan 29, 12:45*pm, John H wrote:
On Thu, 29 Jan 2009 11:22:11 -0600, thunder wrote: On Thu, 29 Jan 2009 08:31:38 -0800, Frogwatch wrote: Not content to thumb their noses at their parents sacrifices, the boomers chose to embrace immediate gratification via massive debt to fuel their every whim. Now that the bill has come due, in true boomer fashion they are now trying to pass the bill onto their great grandchildren via Obamas Stimulus Plan that will be paid by successive generations. Up until Reagan, according to Dick Cheney, "proved deficits don't matter", there were only two reasons for deficit spending, fighting a war, and fighting a recession. *There were 55,000 announced job cuts on Monday alone. *Frankly, I'm praying Obama's "Stimulus Plan" is enough. * This is already going to be a severe recession, without Obama's plan, it could very well be a depression. *Oh, and if something like the Great Depression were to hit today, it would cost this country upwards of $20 trillion. http://www.washingtonpost.com/ac2/wp...8?language=pri.... Obama's stimulus plan could go a long way, if he wasn't using it as a power play. What percent of his plan is actually going to infrastructure, which was the big selling point around here? -- John H Go here first...http://tinyurl.com/d3vxvm * *Definition of a teenager? * * *God's punishment...for enjoying sex. * *- Hide quoted text - - Show quoted text - Less than 5%... Barakolypse is upon us... |
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