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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Re: rainy-day fund
Post #48,264
by wharris2
8/5/02 8:57:18 PM
Reply
New Re: rainy-day fund
I swear that I was thinking at the time that they should create a rainy-day economic fund (not a soc sec "lockbox") with the surplus. I think only a few senators mentioned such a thing.


Or pay down the debt, or *something* constructive.

But NOOOOOOOO, let's fund that (unwanted) dam on some godforsaken river nobody heard about, or Highway 989 to nowhere, or whatever.

They took WorldCom executives into custody? By those standards, 90% of Congress would be in prison, 9% would have successfully shredded and burned any incriminating documents, and the remaining honest 1% of Congress would start getting bloated heads and start doing the same things all over again.
The lawyers would mostly rather be what they are than get out of the way even if the cost was Hammerfall. - Jerry Pournelle
Post #48,428
by tablizer
8/6/02 3:38:56 PM
Reply
New Pork
But NOOOOOOOO, let's fund that (unwanted) dam on some godforsaken

The list of pork in a recent Reader's Digest was sickening (if true). Statue renovation, fairgrounds, local museums, etc.

Reagan tried to reduce pork by asking for line-item veto power. However, it was turned down as unconsitutional. Thus, one must take the package all-or-nothing; which means PORK.

------------------------

In other news, some are blaming Greenspan for economic problems:

[link|http://money.cnn.com/2002/08/06/news/economy/greenspan_case/index.htm|http://money.cnn.co...se/index.htm]

I especially like their timeline:

1990-1991 - Recession

1991-1992 - Jobless Recovery

Nov. 1992 - Pres. Bush joins ranks of unemployed

Like father like son..... (regardless of actual fault)
     Print some fricken money!!! - (tablizer) - (21) - Aug. 1, 2002, 11:36:57 PM EDT
         Whoa whoa whoa, hold on that Tex! - (orion) - (12) - Aug. 2, 2002, 01:56:37 AM EDT
             Not 0 versus a million - (tablizer) - (11) - Aug. 3, 2002, 11:27:41 PM EDT
                 You still have to pay for it - (orion) - (10) - Aug. 4, 2002, 12:39:54 AM EDT
                     Macroeconomics, monetary, and fiscal policy - (kmself) - (9) - Aug. 6, 2002, 02:54:04 AM EDT
                         Micronit. - (Another Scott) - (3) - Aug. 4, 2002, 10:31:51 AM EDT
                             "School" - (kmself) - (2) - Aug. 5, 2002, 05:54:25 AM EDT
                                 Perhaps I should explain. - (Another Scott) - (1) - Aug. 5, 2002, 08:47:00 AM EDT
                                     There's no use explaining - (kmself) - Aug. 6, 2002, 02:56:40 AM EDT
                         Looking at the 1930's - (tablizer) - Aug. 4, 2002, 02:53:45 PM EDT
                         Trouble with fiscal policy - (wharris2) - (3) - Aug. 5, 2002, 12:27:06 PM EDT
                             rainy-day fund - (tablizer) - (2) - Aug. 5, 2002, 06:41:36 PM EDT
                                 Re: rainy-day fund - (wharris2) - (1) - Aug. 5, 2002, 08:57:18 PM EDT
                                     Pork - (tablizer) - Aug. 6, 2002, 03:38:56 PM EDT
         basic economic facts - (boxley) - (2) - Aug. 5, 2002, 02:05:33 PM EDT
             re: cigarette example - (tablizer) - Aug. 5, 2002, 06:46:25 PM EDT
             Wrong problem -- control point, not wealth itself - (kmself) - Aug. 6, 2002, 03:09:49 AM EDT
         Printing money is just another accounting trick. - (marlowe) - (4) - Aug. 5, 2002, 02:41:02 PM EDT
             *All* Finance Capitalism is accounting tricks. -NT - (deSitter) - Aug. 5, 2002, 07:14:15 PM EDT
             This trick happens to matter though - (ben_tilly) - (2) - Aug. 5, 2002, 09:11:42 PM EDT
                 Adiabatic Change - Economics as Thermodynamics - (deSitter) - (1) - Aug. 5, 2002, 09:35:56 PM EDT
                     The heat-death of economics... - (ben_tilly) - Aug. 6, 2002, 06:56:02 AM EDT

Given enough shellac, even turds can be polished.
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