Larry Summers Goes Full Retard

[volinbham]

It is time for governments to borrow more money - The Washington Post

Must be nice to live in the hypothetical world...

This logic suggests that countries regarded as havens that can borrow long term at a very low cost should be rushing to take advantage of the opportunity. This is a view that should be shared by those most alarmed about looming debt crises, because the greater your concern about the ability to borrow in the future, the stronger the case for borrowing for the long term today.

There is, of course, still the question of whether more borrowing will increase anxiety about a government’s creditworthiness. It should not, as long as the proceeds of borrowing are used either to reduce future spending or raise future incomes.

(Sure - that will happen.)

Any rational business leader would use a moment like this to term out the firm’s debt. Governments in the industrialized world should do so too.

Government continually proves it doesn't run like a rational business. Hell, the WH directly claims that government is so different than rational business that Romney's experience is largely irrelevant.

 

[dreVol]

Forrest gump objects to this haphazard comparison, though he agrees it is retarded.

 

[bamawriter]

Summers went full retard long ago. Now he's trying to get to Krugman levels of excess retard.

 

[tumscalcium]

It is time for governments to borrow more money - The Washington Post

Must be nice to live in the hypothetical world...



Government continually proves it doesn't run like a rational business. Hell, the WH directly claims that government is so different than rational business that Romney's experience is largely irrelevant.

The WH cannot under any circumstance criticize or downplay Romneys experience considering who is President.

 

[Gramps]

The WH cannot under any circumstance criticize or downplay Romneys experience considering who is President.

Yes they can.

The Washington establishment can spin almost anything and make people believe it.

 

[Pepe_Silvia]

Never go full retard.

 

[tumscalcium]

Yes they can.

The Washington establishment can spin almost anything and make people believe it.

Well they caaaan, but they really can't if you know what I mean....

 

[MG1968]

France decides to go full socialist retard and cut the retirement age from 62 to 60.

French president Francois Hollande cuts retirement age - Telegraph

“We committed to put this measure in place quickly for social justice for those who started working early,” said Social Affairs Minister Marisol Touraine.

The reforms will cost the state billions of euros a year but can be afforded through higher worker and employer contributions, according to the government.

 

[GoBigOrangeUT]

France decides to go full socialist retard and cut the retirement age from 62 to 60.

French president Francois Hollande cuts retirement age - Telegraph

So...I hear people complain that raising it is a bad idea, and then apparently it is retarded for a country to lower it. I'm confused...

 

[rjd970]

I heard in France once you give birth single mothers are entitled to a helper for 6 weeks to help with feeding/changing the baby, even helping out around the house. That is insane if true.

 

[MG1968]

So...I hear people complain that raising it is a bad idea, and then apparently it is retarded for a country to lower it. I'm confused...

sit back and relax, the Obama administration will be along shortly to remove any worry from your life

 

[therealUT]

I heard in France once you give birth single mothers are entitled to a helper for 6 weeks to help with feeding/changing the baby, even helping out around the house. That is insane if true.

In Germany they are trying to pay women to have children; these programs are less concerned with "individual welfare" than they are with population growth.

 

[BigPapaVol]

So...I hear people complain that raising it is a bad idea, and then apparently it is retarded for a country to lower it. I'm confused...

then you're a bonehead. Lowering it in an era of bloated governments and debt piles the size of the Himalayas don't even begin to suggest a lower age for getting on the gov't dole. The dumbass idea that it purges the workforce is absurd.

 

[Gramps]

Well they caaaan, but they really can't if you know what I mean....

True, but I think the majority doesnot follow politics closely with their opinions being based on the sound bites with an occasional Sunday Morning news show watched, which is 95% spin.

 

[utvolpj]

So...I hear people complain that raising it is a bad idea, and then apparently it is retarded for a country to lower it. I'm confused...

who is saying raising it is a bad idea? That should probably answer the question

I heard in France once you give birth single mothers are entitled to a helper for 6 weeks to help with feeding/changing the baby, even helping out around the house. That is insane if true.

wish we had that here (not really but...)

 

[volinbham]

So...I hear people complain that raising it is a bad idea, and then apparently it is retarded for a country to lower it. I'm confused...

Think of the double whammy here - start receiving benefits earlier and live longer. A quick way to bankrupt a system that expected to pay out benefits for an average of "x" years.