About Bellingham Bill

Bellingham Bill


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77 threads
3,210 comments
Bellingham, WA
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In United States
Registered Apr 08, 2012

This is not my house. But it, or one like it, will be someday!

Bellingham Bill's most recent comments:

  • On 22 Oct 2014 in Middle Class Wealth Gone!, Bellingham Bill said:

    iwog says

    Someone making the claim that the national debt or deficit spending CAUSES wealth disparity needs to step up and make a case or shut the hell up. It's a ridiculous claim.

    Pretty simple case to make here; deficit spending is essentially substituting borrowing for taxation.

    Instead of exacting taxes from someone, .gov is selling them a bond.

    The former reduces personal wealth, the latter accrues interest for the holder (or did in the past at least).
    tr6 says

    but instead he negotiated with Republicans and did not get anything in return

    Back in 2010 the GOP was holding hostage such things as the emergency unemployment benefits for people out of work longer than 26 weeks.

    The president doesn't really negotiate with Congress -- he doesn't have a vote, other than the power to veto bills completely.

    The president's main power here is to go the people and whine how Congress isn't passing his agenda. But the media doesn't want higher taxes on themselves, so that's an uphill battle in this case.

  • On 20 Oct 2014 in Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefi, Bellingham Bill said:

    iwog says

    Stupid people will be the downfall of this country.

    half the electorate has an IQ under 100.

    Throw in people programmed for stupidity -- mainly by fundamentalist religions -- and things are getting dicey.

    When the GOP can count on 30-40% of the country to pull the lever for them to stop babies from being killed and/or prevent gay marriage, things get weird.

  • On 20 Oct 2014 in Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefi, Bellingham Bill said:

    iwog says

    The worst recession wasn't Carter.

    employment went from 80M to 92M under Carter, not bad

    red line is Carter's Fed appointees trying to kill the economy so inflation would go down

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