Ryan's swing....and a miss

#4
#4
Ryan makes a few claims in this op-ed all of which are wrong - one is absurd.

He claimed that if US treasury bonds were to be downgraded we'd all be doomed...since we're a year removed from that actually happening we observe the yield on 10 year bonds actually fell, even dipping lower than inflation...Lots of reasons for this and I'm on my iPad so I won't go into them unless your interested.

He also suggested the CBO released a report saying that if the debt ceiling was raised (last year) our debt to GDP would be over 100% by the end of 2011...clearly that hasn't happened - in fact the gloomy outlook reported in a June 2012 article in the Wall St Journal has the CBO projecting a 70% debt to GDP ratio at the end of 2012.

Report Puts Debt at 70% of GDP - WSJ.com


It is absurd to suggest that the national debt in the United Satates affects employment like it does in Greece. There are, again lots of reasons for this but the punchline is that this article is sensationalism and conjecture based on fantasy and the fact that people vote on who is leading our country based on this information (or misinformation actually) is equal parts scary and unsurprising.
 
#5
#5
Let's compare his record on prognostications with Obamas record :whistling:
 
#6
#6
dukes_of_maggard said:
Ryan makes a few claims in this op-ed all of which are wrong - one is absurd.

He claimed that if US treasury bonds were to be downgraded we'd all be doomed...since we're a year removed from that actually happening we observe the yield on 10 year bonds actually fell, even dipping lower than inflation...Lots of reasons for this and I'm on my iPad so I won't go into them unless your interested.

He also suggested the CBO released a report saying that if the debt ceiling was raised (last year) our debt to GDP would be over 100% by the end of 2011...clearly that hasn't happened - in fact the gloomy outlook reported in a June 2012 article in the Wall St Journal has the CBO projecting a 70% debt to GDP ratio at the end of 2012.

Report Puts Debt at 70% of GDP - WSJ.com


It is absurd to suggest that the national debt in the United Satates affects employment like it does in Greece. There are, again lots of reasons for this but the punchline is that this article is sensationalism and conjecture based on fantasy and the fact that people vote on who is leading our country based on this information (or misinformation actually) is equal parts scary and unsurprising.
Click to expand...

Ha! Ok, you're right. Our debt isnt a problem at all!
 
#8
#8
dukes_of_maggard said:
Ryan makes a few claims in this op-ed all of which are wrong - one is absurd.

He claimed that if US treasury bonds were to be downgraded we'd all be doomed...since we're a year removed from that actually happening we observe the yield on 10 year bonds actually fell, even dipping lower than inflation...Lots of reasons for this and I'm on my iPad so I won't go into them unless your interested.

He also suggested the CBO released a report saying that if the debt ceiling was raised (last year) our debt to GDP would be over 100% by the end of 2011...clearly that hasn't happened - in fact the gloomy outlook reported in a June 2012 article in the Wall St Journal has the CBO projecting a 70% debt to GDP ratio at the end of 2012.

Report Puts Debt at 70% of GDP - WSJ.com


It is absurd to suggest that the national debt in the United Satates affects employment like it does in Greece. There are, again lots of reasons for this but the punchline is that this article is sensationalism and conjecture based on fantasy and the fact that people vote on who is leading our country based on this information (or misinformation actually) is equal parts scary and unsurprising.
Click to expand...

For the sake of this argument I'll go ahead and say "yeah, sure that's all hyperbole in that article." But even if that was the case, I still see nothing wrong with cutting spending. We have 1.6 Trillion dollar deficits. We need to cut spending period and his Plan (while still not enough in my honest opinion) is a great start.
 
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#9
#9
dukes_of_maggard said:
Ryan makes a few claims in this op-ed all of which are wrong - one is absurd.

He claimed that if US treasury bonds were to be downgraded we'd all be doomed...since we're a year removed from that actually happening we observe the yield on 10 year bonds actually fell, even dipping lower than inflation...Lots of reasons for this and I'm on my iPad so I won't go into them unless your interested.

He also suggested the CBO released a report saying that if the debt ceiling was raised (last year) our debt to GDP would be over 100% by the end of 2011...clearly that hasn't happened - in fact the gloomy outlook reported in a June 2012 article in the Wall St Journal has the CBO projecting a 70% debt to GDP ratio at the end of 2012.

Report Puts Debt at 70% of GDP - WSJ.com


It is absurd to suggest that the national debt in the United Satates affects employment like it does in Greece. There are, again lots of reasons for this but the punchline is that this article is sensationalism and conjecture based on fantasy and the fact that people vote on who is leading our country based on this information (or misinformation actually) is equal parts scary and unsurprising.
Click to expand...

Hey economics major. You are forgetting that there is both public and private governmental debt. The total for the US is about 100% of GDP
 
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#10
#10
dukes_of_maggard said:
Ryan makes a few claims in this op-ed all of which are wrong - one is absurd.

He claimed that if US treasury bonds were to be downgraded we'd all be doomed...since we're a year removed from that actually happening we observe the yield on 10 year bonds actually fell, even dipping lower than inflation...Lots of reasons for this and I'm on my iPad so I won't go into them unless your interested.

He also suggested the CBO released a report saying that if the debt ceiling was raised (last year) our debt to GDP would be over 100% by the end of 2011...clearly that hasn't happened - in fact the gloomy outlook reported in a June 2012 article in the Wall St Journal has the CBO projecting a 70% debt to GDP ratio at the end of 2012.

Report Puts Debt at 70% of GDP - WSJ.com


It is absurd to suggest that the national debt in the United Satates affects employment like it does in Greece. There are, again lots of reasons for this but the punchline is that this article is sensationalism and conjecture based on fantasy and the fact that people vote on who is leading our country based on this information (or misinformation actually) is equal parts scary and unsurprising.
Click to expand...

It's absurd to believe you are allowed to vote. National Debt = Higher Taxes = more Taxes on Business = less employment = less revenue and more entitlement = more debt = Higher Taxes.....need I go on?
 
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#11
#11
govols09 said:
Hey economics major. You are forgetting that there is both public and private governmental debt. The total for the US is about 100% of GDP
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LOL......I really want to make a smartass comment about what he posted, but the simple fact that you are right is about all you can say. It just makes me sick to think about it.
 
#12
#12
TNGlen said:
It's absurd to believe you are allowed to vote. National Debt = Higher Taxes = more Taxes on Business = less employment = less revenue and more entitlement = more debt = Higher Taxes.....need I go on?
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Well it's not just him that doesn't get it. It's about half the population. Ignorance is bliss.:crazy:
 
#13
#13
OrangeYankee said:
For the sake of this argument I'll go ahead and say "yeah, sure that's all hyperbole in that article." But even if that was the case, I still see nothing wrong with cutting spending. We have 1.6 Trillion dollar deficits. We need to cut spending period and his Plan (while still not enough in my honest opinion) is a great start.
Click to expand...

this x1,000
 
#14
#14
TNGlen said:
It's absurd to believe you are allowed to vote. National Debt = Higher Taxes = more Taxes on Business = less employment = less revenue and more entitlement = more debt = Higher Taxes.....need I go on?
Click to expand...

I don't think you understand, you didn't build it.
 
#15
#15
OrangeYankee said:
For the sake of this argument I'll go ahead and say "yeah, sure that's all hyperbole in that article." But even if that was the case, I still see nothing wrong with cutting spending. We have 1.6 Trillion dollar deficits. We need to cut spending period and his Plan (while still not enough in my honest opinion) is a great start.
Click to expand...

I agree we should make every effort to cut wasteful and illconcieved spending. My point was I wish we could be given the facts without the window dressing - Americans should be trusted enough to make up their own minds without being fed bull**** from both parties.

Best of luck with that I know

Wishful thinking but I'm a young optimist
 
#16
#16
govols09 said:
Hey economics major. You are forgetting that there is both public and private governmental debt. The total for the US is about 100% of GDP
Click to expand...

You're right, probably wasn't fair of me not to include intergovernmental transfers - thanks for the clarification.
 
#17
#17
TNGlen said:
It's absurd to believe you are allowed to vote. National Debt = Higher Taxes = more Taxes on Business = less employment = less revenue and more entitlement = more debt = Higher Taxes.....need I go on?
Click to expand...

The debt wasn't my point, my point was political figures (from both parties) mislead people a dozen ways and I don't think it moves us forward as a nation.

For the record I think sending should be controlled and the deficit reduced. Why is the government subsidizing crop insurance for farmers? Why is interest on student loans tax deductible?
 
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