Wasteful Gov't spending

Message boards : Politics : Wasteful Gov't spending
Message board moderation

To post messages, you must log in.

AuthorMessage
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1106760 - Posted: 16 May 2011, 13:31:43 UTC

or not.
Once again, te nay sayers find out just what Gov't spending on worthy projects does. It creates jobs. It seem that for the project price of $3.8 billion in 1998 we are reaping the benefits 20 fold. And it has created 310,000 (tax paying) jobs in 2010 alone. Heaven forbid.

That on top of the life saving technology we've gotten from the project makes teh Genome Project a major blessing for us and the World. At my office alone we test for a multitude of genetic markers that 15 years ago were unheard of. genetic markers that easily determine a patients ability to clot bloo, fight disease, or if the person has a predisposition for a disease. Hazaaaa
http://www.msnbc.msn.com/id/43008755/ns/business-us_business/

The Human Genome Project — a $3.8-billion international human genome mapping project that ran from 1988 to 2003 — wasn't just a money-sucking vanity initiative that only reaped profits for personal genetic testing companies like 23andMe. The project has, in fact, driven $796 billion in economic impact and generated $244 billion in total personal income, according to a new report from Battelle. Sometimes, pricey long-term science projects are well worth it.


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1106760 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1106903 - Posted: 17 May 2011, 0:58:54 UTC - in response to Message 1106760.  
Last modified: 17 May 2011, 0:59:55 UTC

Gubment creates jobs at the expense of the rest of the economic sector.

In other words, there's an opportunity cost.

BRILLIANT! 109 MILLION TO CREATE 96 JOBS.


"General Motors will invest $109 million in its operations in Flint and Bay City , Mich., to support engine production for current and future fuel-efficient small cars produced for the U.S. market. The investment will protect or add 96 jobs at the two sites."

http://www.zerohedge.com/article/gm-spend-109-million-preserve-96-michigan-jobs


Do you wonder why we can't compete against the rest of the world?
ID: 1106903 · Report as offensive
Profile Robert Waite
Avatar

Send message
Joined: 23 Oct 07
Posts: 2417
Credit: 18,192,122
RAC: 59
Canada
Message 1106983 - Posted: 17 May 2011, 7:39:56 UTC

It would seem Keith is volunteering to work for less than a dollar per day so he can be competetive with the third world.
I'm quite certain his boss will be delighted.
Once the rest of the employees find the boss making their wages more in line with keith's, he may take a beating in the parking lot after work.

Enjoy living in that cardboard box down by the sewage treatment plant.
Strive for the bottom Keith. I know you can do it.
I do not fight fascists because I think I can win.
I fight them because they are fascists.
Chris Hedges

A riot is the language of the unheard. -Martin Luther King, Jr.
ID: 1106983 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1107018 - Posted: 17 May 2011, 12:26:38 UTC - in response to Message 1106983.  

I say it must be nice to have your own money printing press. It sure beats actually finding a job. Aren't you retired military keith. Shouldn't you be handing that damned gov't retirement check back. Quit being a burden get a job.


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1107018 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1107131 - Posted: 18 May 2011, 1:11:18 UTC - in response to Message 1106983.  

It would seem Keith is volunteering to work for less than a dollar per day so he can be competetive with the third world.
I'm quite certain his boss will be delighted.
Once the rest of the employees find the boss making their wages more in line with keith's, he may take a beating in the parking lot after work.

Enjoy living in that cardboard box down by the sewage treatment plant.
Strive for the bottom Keith. I know you can do it.



I'm volunteering Government Motors to spend less of the taxpayer's hard earned money on creating jobs at $1,135,00 million per person.

Who else spends that much money to create low skilled blue collar positions? Certainly not Intel, Cisco, Colgate-Palmolive, Pepsi, Disney, Fedex, Sony, Boeing, Whirlpool, Weyerhauser, etc.
ID: 1107131 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1107140 - Posted: 18 May 2011, 1:45:01 UTC - in response to Message 1107131.  

ID: 1107140 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1107297 - Posted: 18 May 2011, 15:53:59 UTC - in response to Message 1107140.  

So instead of beating down the genome project which you clearly decided you can't you go after GM.

Congrats you've done what the terrorists wanted you derailed the train. Back on topic.

Please tell me you weren't one of the Neocons railing against the genome project. Please tell me you were one of the few Republicans that saw beyond the end of their pointy nose that the Genome project was a money maker. I'll say it again. Business made a crapload of money off of this project. Its freaking fantastic. We also gained jobs and in doing that Tax revenue. Isn't that the point of gov't spending to make it pay for itself and get more in return. This is a good business plan.

So from a business perspective, the Dems have done a good thing for the business culture in America and the World by starting and Completing the Genome project.

back off topic. Whine if you like about GM. GM is now making strides into safety and efficiency that they could only have dreamed of.
THe Gov't stock ownership is slowly coming to an end. Guess what? the gov't will get its money back from GM plus interest. Worried about how much it costs to add jobs. stop worrying. Businesses are in business to make a profit. GM now has the means to improve plants, become more efficient and at the same time add jobs. GM has in the past decade been steadily shedding jobs. Any new jobs created is a big deal. Its a sign of strength and trust in the new market.
Obama is looking at recovering every penny from GM and Chrysler plus interest. the TARP funds are coming back in and the stimulus package is more than paying for itself. Goodness whats a gov't to do when a good plan pays for itself


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1107297 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1107304 - Posted: 18 May 2011, 16:19:52 UTC - in response to Message 1107299.  

Hmmm thats funny he quotes Bloomberg but the site is a blog.

Check out the actual Bloomberg article

http://www.bloomberg.com/news/2011-05-13/gm-plant-investments-improve-outlook-for-labor-talks-uaw-says.html?cmpid=msnmoney

GM is spending $2 billion in the US for plant upgrades and modernization. the first part is the 2 plants in Michigan. I don't have a problem with this spending. Once again its about the profittability of the plant. You could close the plant and build a new one then hire new folks that don't know how to build a motor. But I can see that even if it cost just as much as the refurbishing of the Michigan plants you'd still have down time just to train a new workforce in new jobs.

It is also not unheard of for a company to spend even more money upgrading plants. Heck they plan to do the same here in Arlington Texas to expand the SUV plant. Its good business. I'm afraid some of us though they like business and tax breaks have difficulty understanding small investments can make a huge profit. If in doubt please read about the Genome project found somewhere on this thread


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1107304 · Report as offensive
nemesis
Avatar

Send message
Joined: 12 Oct 99
Posts: 1408
Credit: 35,074,350
RAC: 0
Message 1107343 - Posted: 18 May 2011, 17:34:18 UTC
Last modified: 18 May 2011, 17:55:22 UTC

all the while oil companies are still gonna get tax breaks.

how many jobs does that create?

or are they soaking the american taxpayer twice

first for the taxbreak and second for the high price of the gas.

http://www.msnbc.msn.com/id/43065013/ns/politics-capitol_hill
senate blocks repeal of oil company tax breaks.

while oil refiners are reducing capacity to drive up the price.
http://af.reuters.com/article/energyOilNews/idAFN1714817720110517
ID: 1107343 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1107349 - Posted: 18 May 2011, 17:43:14 UTC - in response to Message 1107343.  

I hope that was a freudian slip

senate backs repeal of oil company tax breaks.


Now I have no problem with the small oil companies getting a break or 2 but the big 5 are far from taking a risk and certainly can absorb a bad investment. I recall their profits being $125-$150 billion last year. I can't see any reason to hand them any more free money.


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1107349 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1107500 - Posted: 19 May 2011, 2:06:22 UTC - in response to Message 1107299.  


I'm volunteering Government Motors to spend less of the taxpayer's hard earned money on creating jobs at $1,135,00 million per person.

Who else spends that much money to create low skilled blue collar positions? Certainly not Intel, Cisco, Colgate-Palmolive, Pepsi, Disney, Fedex, Sony, Boeing, Whirlpool, Weyerhauser, etc.


$1,135,00 million per person = $113.5 Billion per person.

You're right keith that is a lot of money.

i'm guessing you have problems with arithmetic and dealing with big numbers.

Let me be the first to tell you that a Trillion is not a ride at Disney World.


Can you plz explain further???? There is no arithmetic error.
ID: 1107500 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1107501 - Posted: 19 May 2011, 2:07:25 UTC - in response to Message 1107349.  

I hope that was a freudian slip

senate backs repeal of oil company tax breaks.


Now I have no problem with the small oil companies getting a break or 2 but the big 5 are far from taking a risk and certainly can absorb a bad investment. I recall their profits being $125-$150 billion last year. I can't see any reason to hand them any more free money.


Why not? You feel comfortable with some gubment bureaucrat deciding winners and losers?

WHY?
ID: 1107501 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1107503 - Posted: 19 May 2011, 2:12:25 UTC - in response to Message 1107349.  
Last modified: 19 May 2011, 2:12:54 UTC

BTW Skildude, the "End terrorism, build a school" signature...

Did you see the 60 Minutes story? It's not showing that charity in a very good light. Suggest you watch it.

http://www.cbsnews.com/video/watch/?id=7363068n&tag=related;photovideo
ID: 1107503 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1107515 - Posted: 19 May 2011, 3:10:12 UTC - in response to Message 1107503.  

oh no say it isn't so. A taudry expose'. I guess it must all be true. 1 guy complains and the whole organization is bad. I think not. I guess you'll have to find something else to complain about


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1107515 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1108200 - Posted: 21 May 2011, 5:41:02 UTC - in response to Message 1108140.  

agree military budgets rarely have a long term positive return. Its usually just spend spend spend. the US military budget is now at least 50% of the non social security medicare medicaid money


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1108200 · Report as offensive
Profile William Rothamel
Avatar

Send message
Joined: 25 Oct 06
Posts: 3756
Credit: 1,999,735
RAC: 4
United States
Message 1108973 - Posted: 23 May 2011, 8:12:42 UTC

Sure, there are: waste, unnecessary weapons programs and fraud in the military budget; but mostly incompetence. However; it is incorrect to say that no good comes from military spending. Computers and the miniaturization of electronic components, metallurgy, space programs and rocketry all have their origins in military spending. This dates back to the caveman.

Seems like there was once a thread where I claimed that almost all (or at least a great deal of) human progress came from military spending and the need to fight for one reason or another. Perhaps a discouraging thought; but at least the Space Program has driven progress recently. Shame that we are not doing more in this regard right now.

"That's the trouble with you civilians, you don't enjoy a good scrap" --General George Patton

What do you all think??
ID: 1108973 · Report as offensive
Profile skildude
Avatar

Send message
Joined: 4 Oct 00
Posts: 9541
Credit: 50,759,529
RAC: 60
Yemen
Message 1109033 - Posted: 23 May 2011, 15:26:51 UTC - in response to Message 1108973.  

rocket science? yes if you consider it was in the Nazi's budget first. Computers? integrated circuits

needless to say the Military has been much quicker to find applications through its corporate benefactors


In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
ID: 1109033 · Report as offensive
keith

Send message
Joined: 18 Dec 10
Posts: 454
Credit: 9,054
RAC: 0
United States
Message 1109228 - Posted: 24 May 2011, 0:39:09 UTC - in response to Message 1108140.  

oh no say it isn't so. A taudry expose'. I guess it must all be true. 1 guy complains and the whole organization is bad. I think not. I guess you'll have to find something else to complain about


i did watch the documentary and did not find it to be 'Tawdry'.

A lot of the charity that goes on is abused, just like every
loophole is plugged by interested bystanders.

The Elephant in the room is the 'Defense Budget'.
Someone who hasn't learned the power of compound interest is probably in financial distress.
If you spend 10% or more on protection you're more than throwing money away.
Defense R&D spending is probably one of the most productive of human endeavors,
if only the research could be focused on constructive/lasting avenues,
instead of destructive/final dead-ends.

To borrow a phrase from Darwin

iWorm 'em.





I would be against that. The defense budget should go towards defending the nation, not any R&D subject that some congressional staffer has an affinity for. That's what the DoD is meant to do.

I would be just as against HHS funds going towards drug research, USDA funds going towards food programs for the military, or Department of Energy funds going towards R&D for highway funds. Of course there's overlap, but it's really been stretched for political gain lately.

The taxpayer has to know what money is going where. The constant game of masking one program deep in another department and spreading the funds around is criminal in my estimation. Just as is taking money from Social Security and leaving it with IOU's so the government can use it for something else.

People in the private sector go to prison over things like that.
ID: 1109228 · Report as offensive
Profile zoom3+1=4
Volunteer tester
Avatar

Send message
Joined: 30 Nov 03
Posts: 65709
Credit: 55,293,173
RAC: 49
United States
Message 1124687 - Posted: 4 Jul 2011, 20:10:58 UTC

Whats wasteful...

Bush Tax Cuts over 10 Years $3.7 Trillion, Set to Expire in 2012...

Bush tax cuts: Cutting through the noise wrote:

By Jeanne Sahadi, senior writer November 30, 2010: 1:33 PM ET


What's at stake for the deficit?

The U.S. Treasury estimates the costs of making the tax cuts permanent for everyone is $3.7 trillion over 10 years.

Of that, $3 trillion accounts for the cost of extending them for the vast majority of Americans, as the president has proposed. The remaining $700 billion is the cost of extending them permanently for the high-income earners.

The cost would obviously be less if the cuts were extended for only one or two years, which is what many Capitol Hill watchers expect will happen in the end. There are no formal estimates for a short-term extension, but based on Treasury Department numbers, the cost is likely to range anywhere from $200 billion to $500 billion, depending on whose cuts are extended and for how long.

Those who support extending the tax cuts note that if the cuts expire and the economy suffers as a result, the deficit will get worse because the government will have to borrow more.

The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's
ID: 1124687 · Report as offensive

Message boards : Politics : Wasteful Gov't spending


 
©2024 University of California
 
SETI@home and Astropulse are funded by grants from the National Science Foundation, NASA, and donations from SETI@home volunteers. AstroPulse is funded in part by the NSF through grant AST-0307956.