Sunday, November 20, 2011

People Making Money Net


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  • Just returned from church and able to see rest
    by usa1776usa




  • Mitt Romney supporters are in the blogosphere renewing their threats against conservatives
    by sunshinek67




  • Really?
    by jonnymadison (Diary)




  • Oh, I see what you are doing
    by jonnymadison (Diary)




  • Oh, I see what you are doing
    by jonnymadison (Diary)




  • Ditto, redmymind, on Perry's humility.
    by westcoastpatriette (Diary)




  • Hey jonnymadison...
    by mbecker908 (Diary)




  • Circlegranch, I believe...
    by romansdaughter




  • Shorter link to Perry Iowa Christian article on the Forum
    by tricianc




  • txpat thanks for the heads up
    by 1bunny




  • Is there anyway to communicate with the campaigns?
    by gracie (Diary)




  • Well for me it's Good Afternoon, Redmymind
    by romansdaughter




  • Could be..but it's too soon yet..
    by gawken (Diary)




  • Next93, could you point out where....
    by gekster (Diary)




  • Anita Perry
    by txpat




  • Good morning, Cheetah2 and romansdaughter . . .
    by redmymind




  • Was once at a town hall forum with a senator
    by jout99




  • Iowa newspaper article
    by 1bunny




  • You provided no support for your claim that no US wars since WWII met just war criteria as I recall. Can't find your other comment. Sorry for
    by Mike gamecock DeVine (Diary)




  • Yes, Cain did say...
    by romansdaughter




  • Most of the problems with insurance
    by jout99




  • That $500
    by neoavatara (Diary)




  • No I didn't
    by jonnymadison (Diary)




  • Dictionary
    by devereaux




  • Yes, all animals (an appropriate description) are equal
    by throwback59




  • Agreed, nathanalbright . . . "Yes" or "No" . . .
    by redmymind




  • Also, that many existing governments are more akin to mobsters, gangs
    by Mike gamecock DeVine (Diary)




  • Grudem re The Bible and overthrowing existing govt or
    by Mike gamecock DeVine (Diary)




  • I'm willing to purchase
    by DerKrieger (Diary)




  • Romney just got Ayotte's endorsement
    by tngal (Diary)




  • devereaux, Rick Perry is the man above all men
    by texasroots




  • personal property vs private property...
    by macbookben




  • devereaux, you used to know better than...
    by acat (Diary)




  • Agree! These liberal media run debates have cultivated a rapid fire hostile environment pitting candidates
    by sunshinek67




  • Rick Perry
    by devereaux




  • Hey, that is so neat!
    by romansdaughter




  • I don't know why people like you
    by NightTwister (Diary)




  • Good Show, RS!
    by lovethemiddle




  • Perry in-state tuition debate
    by izoneguy (Diary)




  • Gingrich publishes baggage page and addresses each
    by Common_Cents (Diary)








Hullabaloo








Thursday, November 17, 2011




 

For thee but not for me

by digby

Love this headline:

Widening Split in Europe on the Virtue of Austerity


Gosh I wonder why?

Throughout Europe’s long debt crisis, Germany has prescribed the same strong remedy to its troubled neighbors: a stiff dose of fiscal discipline.

As long as the patients were southern European countries like Greece and Italy, seen as victims of an unhealthy lifestyle, northern-tier nations like France, Austria and the Netherlands have been willing to go along with Germany’s prescriptions for reducing debt in the name of economic health. And they were willing to support Germany’s insistence that the European Central Bank not be a lender of last resort to indebted governments by actively buying their bonds.

But suddenly, as investors’ fears mount that many euro area nations are about to tip into recession, even countries like creditworthy France are finding it much more expensive to borrow money in the open market. And with that development comes a dawning realization: that austerity, rather than making it easier for them to pay down their higher debts, could make it harder — and more expensive.


Yeah. Austerity's great if you aren't the one suffering.

It's not the same situation here but the lesson is the same. Austerity is very likely to dampen any hope of a robust recovery and make it that much harder to pay down the deficit everyone is allegedly so concerned about. I suppose if they get really hardcore they can withdraw the funds for such safety net programs as unemployment food stamps and Medicaid, but society will pay in other ways. Homelessness, crime, ill health, crushing personal debt, creating a generation of people who've never known any financial security have costs too. I'm sure they fit somewhere else on the national accounting spreadsheet but they are costs nonetheless.

All these people droning on about saving the grandkids and thinking about the long term are actually gorging on America's seed corn. And they're not even hungry.

Update: Here's a piece on how it's (not) working in the UK.


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Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

Your daily cup of orange and blue coffee. Horse Tracks!

Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

A recap of Day 4 of the PokerStars.com European Poker Tour Loutraki Main Event where the final table is set and Zimnan Ziyard leads the way.

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>

Milan rivals to battle for Tevez, Porto defender hints at Chelsea switch and Aquilani eyes permanent Serie A switch.

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>
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Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

Your daily cup of orange and blue coffee. Horse Tracks!

Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

A recap of Day 4 of the PokerStars.com European Poker Tour Loutraki Main Event where the final table is set and Zimnan Ziyard leads the way.

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>

Milan rivals to battle for Tevez, Porto defender hints at Chelsea switch and Aquilani eyes permanent Serie A switch.

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>



-->




  • Just returned from church and able to see rest
    by usa1776usa




  • Mitt Romney supporters are in the blogosphere renewing their threats against conservatives
    by sunshinek67




  • Really?
    by jonnymadison (Diary)




  • Oh, I see what you are doing
    by jonnymadison (Diary)




  • Oh, I see what you are doing
    by jonnymadison (Diary)




  • Ditto, redmymind, on Perry's humility.
    by westcoastpatriette (Diary)




  • Hey jonnymadison...
    by mbecker908 (Diary)




  • Circlegranch, I believe...
    by romansdaughter




  • Shorter link to Perry Iowa Christian article on the Forum
    by tricianc




  • txpat thanks for the heads up
    by 1bunny




  • Is there anyway to communicate with the campaigns?
    by gracie (Diary)




  • Well for me it's Good Afternoon, Redmymind
    by romansdaughter




  • Could be..but it's too soon yet..
    by gawken (Diary)




  • Next93, could you point out where....
    by gekster (Diary)




  • Anita Perry
    by txpat




  • Good morning, Cheetah2 and romansdaughter . . .
    by redmymind




  • Was once at a town hall forum with a senator
    by jout99




  • Iowa newspaper article
    by 1bunny




  • You provided no support for your claim that no US wars since WWII met just war criteria as I recall. Can't find your other comment. Sorry for
    by Mike gamecock DeVine (Diary)




  • Yes, Cain did say...
    by romansdaughter




  • Most of the problems with insurance
    by jout99




  • That $500
    by neoavatara (Diary)




  • No I didn't
    by jonnymadison (Diary)




  • Dictionary
    by devereaux




  • Yes, all animals (an appropriate description) are equal
    by throwback59




  • Agreed, nathanalbright . . . "Yes" or "No" . . .
    by redmymind




  • Also, that many existing governments are more akin to mobsters, gangs
    by Mike gamecock DeVine (Diary)




  • Grudem re The Bible and overthrowing existing govt or
    by Mike gamecock DeVine (Diary)




  • I'm willing to purchase
    by DerKrieger (Diary)




  • Romney just got Ayotte's endorsement
    by tngal (Diary)




  • devereaux, Rick Perry is the man above all men
    by texasroots




  • personal property vs private property...
    by macbookben




  • devereaux, you used to know better than...
    by acat (Diary)




  • Agree! These liberal media run debates have cultivated a rapid fire hostile environment pitting candidates
    by sunshinek67




  • Rick Perry
    by devereaux




  • Hey, that is so neat!
    by romansdaughter




  • I don't know why people like you
    by NightTwister (Diary)




  • Good Show, RS!
    by lovethemiddle




  • Perry in-state tuition debate
    by izoneguy (Diary)




  • Gingrich publishes baggage page and addresses each
    by Common_Cents (Diary)








Hullabaloo








Thursday, November 17, 2011




 

For thee but not for me

by digby

Love this headline:

Widening Split in Europe on the Virtue of Austerity


Gosh I wonder why?

Throughout Europe’s long debt crisis, Germany has prescribed the same strong remedy to its troubled neighbors: a stiff dose of fiscal discipline.

As long as the patients were southern European countries like Greece and Italy, seen as victims of an unhealthy lifestyle, northern-tier nations like France, Austria and the Netherlands have been willing to go along with Germany’s prescriptions for reducing debt in the name of economic health. And they were willing to support Germany’s insistence that the European Central Bank not be a lender of last resort to indebted governments by actively buying their bonds.

But suddenly, as investors’ fears mount that many euro area nations are about to tip into recession, even countries like creditworthy France are finding it much more expensive to borrow money in the open market. And with that development comes a dawning realization: that austerity, rather than making it easier for them to pay down their higher debts, could make it harder — and more expensive.


Yeah. Austerity's great if you aren't the one suffering.

It's not the same situation here but the lesson is the same. Austerity is very likely to dampen any hope of a robust recovery and make it that much harder to pay down the deficit everyone is allegedly so concerned about. I suppose if they get really hardcore they can withdraw the funds for such safety net programs as unemployment food stamps and Medicaid, but society will pay in other ways. Homelessness, crime, ill health, crushing personal debt, creating a generation of people who've never known any financial security have costs too. I'm sure they fit somewhere else on the national accounting spreadsheet but they are costs nonetheless.

All these people droning on about saving the grandkids and thinking about the long term are actually gorging on America's seed corn. And they're not even hungry.

Update: Here's a piece on how it's (not) working in the UK.


.




|







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Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

Your daily cup of orange and blue coffee. Horse Tracks!

Denver Broncos <b>News</b>: Horse Tracks - 11/19/11 - Mile High Report

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

A recap of Day 4 of the PokerStars.com European Poker Tour Loutraki Main Event where the final table is set and Zimnan Ziyard leads the way.

2011 PokerStars.com European Poker Tour Loutraki Day 4: Ziyard <b>...</b>

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>

Milan rivals to battle for Tevez, Porto defender hints at Chelsea switch and Aquilani eyes permanent Serie A switch.

Transfer <b>news</b>, rumours and gossip from Saturday&#39;s papers: Milan <b>...</b>




















































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