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Section A: General News


Editorial: Getting the ‘economy’ truth out isn’t easy




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June 13, 2012 | 1,902 views | 44 comments

Editor:

Re: Connect the dots between Obama and liberals,” June 6

It should be easy to get the truth out on the economy,

but it doesn’t seem to be. Even Nobel Laureate economists Paul Krugman and Joseph Stiglitz receive death threats for what they write.

If someone ran TV ads claiming that pigs live underwater and the moon is made out of yogurt, no one would believe it.

We’re seeing some big lies in this election cycle -- told in the TV and newspaper reporting of “he-said-she- said” dueling quotes, in newspaper columns like George Rodriguez’s in the June 6 paper, or Phil Gramm and Glenn Hubbard in a recent Wall Street Journal column, and in expensive TV ads run by Super Pacs and Koch Brothers and other billionaire special interests -- that are every bit as ridiculous, and far more dangerous.

Even Reagan was a bigger spender than what Rodriguez called the “big-spending liberals in D.C.”

After federal spending had been under 20 percent of the economy in the years from 1946-80, Reagan increased spending to 22 percent to 24 percent of the economy.

After the federal debt reduced from 122 percent of the economy in 1946 to 33 percent in 1980, Reagan pushed the federal debt up to 60 percent. President George H.W. Bush continued Reagan-like spending and the debt increased to 66 percent.

Clinton brought spending back down to 20 percent and the debt to 60 percent.

George W. Bush increased federal spending to above 21 percent of the economy and the federal debt to 81 percent of the economy. Obama came in with a depression second only to the Great Depression, yet Krugman and Stiglitz have pointed out that government spending has been modest -- too modest to “prime the pump” enough to get us all the way out of a deep financial ditch.

Deregulation and the conservative prescription of austerity and cutting spending has led to almost the collapse of Iceland, Ireland, Spain, Portugal, Italy, and the U.K.

The rebound: U.S. companies are bracing for a slowdown in sales as the economy continues to head south in the U.K. and Southern Europe.

ROLAND JAMES

Seguin
 

Your Opinions and Comments

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 19, 2012 7:25am
 
The statistics that commentators sloppily use to reflect the opinion that military suicides are higher than the general population is flawed. It does not take into account the demographics of the armed forces. Males commit ... More ›

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 18, 2012 5:29pm
 
Muse....good advice but I just can't help myself..... Roland.....Do you have any thoughts of your own ??? Having being raised in a family with a long military history, I can say without reservation that the treatment of ... More ›

 
The Marcelina Muse  
Dry Tank, TX  
June 18, 2012 1:21pm
 
Grouch please do not comment. You can not win. I think Roland is a robot tied into the liberal Democrat library and party line universe. Perhaps the paper should limit posts to 2 or 3 thousand coherent words addressed to the ... More ›

 
Roland James  
Seguin  
June 18, 2012 11:32am
 
The promise of A Lincoln: "To care for him who shall have borne the battle and for his widow and his orphan." With a better GI Bill than WW2’s, why do so many veterans fall through the cracks? ‘We Pretend the ... More ›

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 17, 2012 6:06am
 
Roland.....Personnel discharged from the the US armed forces under honorable conditions and completed their term of service are eligible for state unemployment benefits. Veterans who served ninety days or more but who did ... More ›

 
Roland James  
Seguin  
June 16, 2012 6:40pm
 
In the New GI Bill there is no unemployment compensation of $20 weekly ($250-$300 today) for up to 52 weeks for veterans who had served 90 days or more.

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 16, 2012 4:16pm
 
Roland.....your long reply did not answer the question. The GI bill is still in place. Perhaps the answer can be found in the fact that ailments will increase in direct relation to the benefit derived from those ailments. Or ... More ›

 
Roland James  
Seguin  
June 16, 2012 3:45pm
 
Prairie Grouch wrote: "I often wonder why all the supposed problems suffered by veterans did not, in my memory, exist exist after WWII. Re WW2 vets: From Politifact: "President Franklin Roosevelt signed ... More ›

 
Gaius Julius Caesar  
Hispania  
June 16, 2012 3:17pm
 
Relative povery notions are something for simpletons to discuss when their intelligence cup has drained.

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
June 16, 2012 11:34am
 
Roland.....My point is that by using a relative concept of poverty, the real poverty rate is obscured. You might bear in mind that a family of four with an poverty threshold income of just a bit over 22000.00 receives an ... More ›

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