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lotuspuppy
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16 Nov 2012, 1:33 am

Oldout wrote:
This is a most unusual discussion. You want cut demand (SS benefits) and increase the workforce at a time of high unemployment. Would any of you want to guess what the unemployment rate will be after this ?


I think it's appropriate to phase any change over the space of a few years. The U.S. is in a budgetary catch-22 at the moment -- cut spending now and risk damaging recession, or defer it and risk rising interest rates.

Former Labor Secretary Robert Reich came up with an idea I support: implement budget cuts IF GDP growth stays above 3 percent for one year AND unemployment below 6 percent for the same time period. This trigger could only be broken with a 2/3 vote in Congress. This would give the markets an ironclad committment that we are serious about cutting debt.



GoonSquad
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16 Nov 2012, 8:04 am

Mr. Reich has a good idea!

At least then we could avoid the utter stupidity happening in the 4th Reich.....err.... EU right now.


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ruveyn
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16 Nov 2012, 12:10 pm

GoonSquad wrote:
Mr. Reich has a good idea!

At least then we could avoid the utter stupidity happening in the 4th Reich.....err.... EU right now.


A company I worked for (as a contractor) had Robert Reich, former secretary of labor as a guest speaker. He was slightly delayed in arriving and the spokesman said over the loud speaker ---
Robert Reich will be with us shortly.

Note: Reich stands about 5 feet 4 inches tall (or short).

ruveyn



auntblabby
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16 Nov 2012, 9:00 pm

ruveyn wrote:
A company I worked for (as a contractor) had Robert Reich, former secretary of labor as a guest speaker. He was slightly delayed in arriving and the spokesman said over the loud speaker ---Robert Reich will be with us shortly. Note: Reich stands about 5 feet 4 inches tall (or short).

but he stands towering tall as a good man.



ruveyn
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17 Nov 2012, 11:17 am

auntblabby wrote:
ruveyn wrote:
A company I worked for (as a contractor) had Robert Reich, former secretary of labor as a guest speaker. He was slightly delayed in arriving and the spokesman said over the loud speaker ---Robert Reich will be with us shortly. Note: Reich stands about 5 feet 4 inches tall (or short).

but he stands towering tall as a good man.


He is a glib slick shallow thinker. Very typical of the American liberal establishment. A scholar like Thomal Sewell could make mincemeat out of that cute little guy.

ruveyn