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	<title>Comments on: Economy Continuing to Surge, Points to Earlier Balanced Budget</title>
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		<title>By: Bat One</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93279</link>
		<dc:creator>Bat One</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93279</guid>
		<description>RBB,

Earlier, Rob suggested that Puzzle actually read the posts to which she is commenting.  May I respectfully suggest you do the same for your own reference material.

The Center for Budget and Policy Priorities is an admittedly left-wing &quot;think tank&quot; whose very ideology severely clouds the rationality of their judgment... particularly on issues of the federal budget and tax policies.   The Center&#039;s purpose, on which I have posted before when someone else used their material as a citation, is to provide rationale for the confiscation and re-distribution of income among American citizens.  Clicking on the link you provided above, the following is the very first item presented in support of the Center&#039;s pro-tax increase position,

&lt;blockquote&gt;&quot;To the extent that they reflect growing income inequality, extra revenues are good news for the budget but not good news for society.  CBO explains the greater-than-forecast growth in revenues in part by saying, &quot;growth in incomes in 2005 may have been concentrated more than expected among higher-income taxpayers, who face the highest tax rates.&quot;&lt;/blockquote&gt;

In other words, the CBPP acknowledges the effectiveness of the Bush tax cuts in stimulating the economy and increasing federal tax receipts, all as predicted by conservatives.  But because more and more people are getting wealthier, while some others are not, the results, increased economic activity and increased tax revenues, are simply not acceptable to lefties.

Had this quote been written by Karl Marx himself the meaning could not be more clear.  Or more duplicitous, to use an over-wrought lefty turn of phrase.

Speaking of the authors, according to the abbreviated CV listed at CBPP, Richard Kogan is a Senior Fellow for budgetary issues who holds a BA from Yale in political science.  This sentence is particularly interesting and germane to the discussion,

&lt;blockquote&gt;&quot;In 1990 he designed and drafted the Budget Enforcement Act, which established caps on discretionary appropriations and the &quot;pay-as-you-go&quot; rule for tax and entitlement legislation.&quot; &lt;/blockquote&gt;

Which begs the question:  If the so-called Budget Enforcement Act was such an accomplishment, what happened to the &quot;caps on discretionary appropriations&quot; that are mentioned here.  If the budget is currently so out of control as the lefties charge, why include this, or Kogan, on the CBPP website?

The co-author of the cited piece, by the way, Ms. Aviva Aron-Dine, is a research assistant barely one year out of Swathmore, with a BA in Philosophy.

Sorry, RBB, but all in all, this isn&#039;t a particularly inspired bit of reference work here.  Perhaps Ms. Aron-Dine can hunt you up something more authoritative... and believable.</description>
		<content:encoded><![CDATA[<p>RBB,</p>
<p>Earlier, Rob suggested that Puzzle actually read the posts to which she is commenting.  May I respectfully suggest you do the same for your own reference material.</p>
<p>The Center for Budget and Policy Priorities is an admittedly left-wing &#8220;think tank&#8221; whose very ideology severely clouds the rationality of their judgment&#8230; particularly on issues of the federal budget and tax policies.   The Center&#8217;s purpose, on which I have posted before when someone else used their material as a citation, is to provide rationale for the confiscation and re-distribution of income among American citizens.  Clicking on the link you provided above, the following is the very first item presented in support of the Center&#8217;s pro-tax increase position,</p>
<blockquote><p>&#8220;To the extent that they reflect growing income inequality, extra revenues are good news for the budget but not good news for society.  CBO explains the greater-than-forecast growth in revenues in part by saying, &#8220;growth in incomes in 2005 may have been concentrated more than expected among higher-income taxpayers, who face the highest tax rates.&#8221;</p></blockquote>
<p>In other words, the CBPP acknowledges the effectiveness of the Bush tax cuts in stimulating the economy and increasing federal tax receipts, all as predicted by conservatives.  But because more and more people are getting wealthier, while some others are not, the results, increased economic activity and increased tax revenues, are simply not acceptable to lefties.</p>
<p>Had this quote been written by Karl Marx himself the meaning could not be more clear.  Or more duplicitous, to use an over-wrought lefty turn of phrase.</p>
<p>Speaking of the authors, according to the abbreviated CV listed at CBPP, Richard Kogan is a Senior Fellow for budgetary issues who holds a BA from Yale in political science.  This sentence is particularly interesting and germane to the discussion,</p>
<blockquote><p>&#8220;In 1990 he designed and drafted the Budget Enforcement Act, which established caps on discretionary appropriations and the &#8220;pay-as-you-go&#8221; rule for tax and entitlement legislation.&#8221; </p></blockquote>
<p>Which begs the question:  If the so-called Budget Enforcement Act was such an accomplishment, what happened to the &#8220;caps on discretionary appropriations&#8221; that are mentioned here.  If the budget is currently so out of control as the lefties charge, why include this, or Kogan, on the CBPP website?</p>
<p>The co-author of the cited piece, by the way, Ms. Aviva Aron-Dine, is a research assistant barely one year out of Swathmore, with a BA in Philosophy.</p>
<p>Sorry, RBB, but all in all, this isn&#8217;t a particularly inspired bit of reference work here.  Perhaps Ms. Aron-Dine can hunt you up something more authoritative&#8230; and believable.</p>
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		<title>By: WOOF</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93280</link>
		<dc:creator>WOOF</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93280</guid>
		<description>Every year the administration projects a deficit figure and comes in with a lower one.
The equivalent of telling the country they are going to smack the nation&#039;s big toe with an eight pound hammer, then later pridefully announcing 

&quot;Woohoo we only smacked you with the  six pound hammer.&quot;

Nobody has paid off the last 5 years of Bush deficits sloshing around in the bilge of the ship of state.
Bush is telling us to be happy cause we are sinking slower.

Real wages are down. People do not go to the grocery store or the gas station with the GDP credit cards.</description>
		<content:encoded><![CDATA[<p>Every year the administration projects a deficit figure and comes in with a lower one.<br />
The equivalent of telling the country they are going to smack the nation&#8217;s big toe with an eight pound hammer, then later pridefully announcing </p>
<p>&#8220;Woohoo we only smacked you with the  six pound hammer.&#8221;</p>
<p>Nobody has paid off the last 5 years of Bush deficits sloshing around in the bilge of the ship of state.<br />
Bush is telling us to be happy cause we are sinking slower.</p>
<p>Real wages are down. People do not go to the grocery store or the gas station with the GDP credit cards.</p>
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		<title>By: The_Whistler_ofnd</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93281</link>
		<dc:creator>The_Whistler_ofnd</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93281</guid>
		<description>&lt;blockquote&gt;Defecit=our National Debt is still GROWING!&lt;/blockquote&gt;

As it did everyyear of the Clinton administration!  That is unless you consider the Social Security Trust Fund to be a fraud.

What&#039;s important is that the economy is growing faster than the yearly deficit.  That is an important milestone because it would be sustainable.  (Only if of course if you consider the Social Security Trust Fund to be a fraud.)</description>
		<content:encoded><![CDATA[<blockquote><p>Defecit=our National Debt is still GROWING!</p></blockquote>
<p>As it did everyyear of the Clinton administration!  That is unless you consider the Social Security Trust Fund to be a fraud.</p>
<p>What&#8217;s important is that the economy is growing faster than the yearly deficit.  That is an important milestone because it would be sustainable.  (Only if of course if you consider the Social Security Trust Fund to be a fraud.)</p>
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		<title>By: The_Whistler_ofnd</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93282</link>
		<dc:creator>The_Whistler_ofnd</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93282</guid>
		<description>Yeah, what matters isn&#039;t that the government is getting more money.  It&#039;s that rich people including everyone that works for a living are keeping more of their money.

That&#039;s not fair!</description>
		<content:encoded><![CDATA[<p>Yeah, what matters isn&#8217;t that the government is getting more money.  It&#8217;s that rich people including everyone that works for a living are keeping more of their money.</p>
<p>That&#8217;s not fair!</p>
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		<title>By: TwoHotel9</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93283</link>
		<dc:creator>TwoHotel9</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93283</guid>
		<description>And it always will, dumbass.</description>
		<content:encoded><![CDATA[<p>And it always will, dumbass.</p>
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		<title>By: robert108</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93284</link>
		<dc:creator>robert108</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93284</guid>
		<description>rbb: Actually, the next round of investment requires some debt, and 2% of GDP, or thereabouts, is about right.  No debt=a stagnant economy.  In a healthy economy, the debt might remain at the same numerical level, but the mistaken idea is that the debt stays constant.  In a dynamic(rather than static) analysis, the debt moves around within the economy, according to where the investment goes.</description>
		<content:encoded><![CDATA[<p>rbb: Actually, the next round of investment requires some debt, and 2% of GDP, or thereabouts, is about right.  No debt=a stagnant economy.  In a healthy economy, the debt might remain at the same numerical level, but the mistaken idea is that the debt stays constant.  In a dynamic(rather than static) analysis, the debt moves around within the economy, according to where the investment goes.</p>
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		<title>By: The_Whistler_ofnd</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93285</link>
		<dc:creator>The_Whistler_ofnd</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93285</guid>
		<description>&lt;blockquote&gt;The Feds are poised to raise interest rate for what would be the 17th consecutive time!&lt;/blockquote&gt;

The fed can do something about short term rates.  The market sets long term rates.  The fed is in part keeping the balance between long-term and short-term rates.</description>
		<content:encoded><![CDATA[<blockquote><p>The Feds are poised to raise interest rate for what would be the 17th consecutive time!</p></blockquote>
<p>The fed can do something about short term rates.  The market sets long term rates.  The fed is in part keeping the balance between long-term and short-term rates.</p>
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		<title>By: The_Whistler_ofnd</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93286</link>
		<dc:creator>The_Whistler_ofnd</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93286</guid>
		<description>Wait a minute BW.  Are you saying that wages are related to productivity.

If behavior around here is any indication of Woof&#039;s work record then he probably spends his time sabotaging management&#039;s efforts to move the company forward.</description>
		<content:encoded><![CDATA[<p>Wait a minute BW.  Are you saying that wages are related to productivity.</p>
<p>If behavior around here is any indication of Woof&#8217;s work record then he probably spends his time sabotaging management&#8217;s efforts to move the company forward.</p>
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		<title>By: The_Whistler_ofnd</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93287</link>
		<dc:creator>The_Whistler_ofnd</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93287</guid>
		<description>Like the Ultra-Lefties who seem to do anything they can to get jobs working for the government where they will never be productive.

Meanwhile many of these greedy bastages are pulling down 6 figures.</description>
		<content:encoded><![CDATA[<p>Like the Ultra-Lefties who seem to do anything they can to get jobs working for the government where they will never be productive.</p>
<p>Meanwhile many of these greedy bastages are pulling down 6 figures.</p>
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		<title>By: Anonomisly</title>
		<link>http://sayanythingblog.com/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93288</link>
		<dc:creator>Anonomisly</dc:creator>
		<pubDate>Wed, 30 Nov -0001 00:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://ed-dev.com/sab/entry/economy_continuing_to_surge_points_to_earlier_bala/#comment-93288</guid>
		<description>Defecit=our National Debt is still GROWING!</description>
		<content:encoded><![CDATA[<p>Defecit=our National Debt is still GROWING!</p>
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