Comments on: Where Have the Virgin Deficit Slayers Gone? Or Mr. Rubin, Have You Been ‘Crowded Out?’ http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/ Mon, 13 Feb 2012 10:52:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: garment news daily http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-5808800 garment news daily Wed, 17 Aug 2011 23:27:07 +0000 http://biggovernment.com/?p=43334#comment-5808800 <strong>Visitor recommendations...</strong> [...]one of our visitors recently recommended the following website[...]…... Visitor recommendations…

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]]> By: Jack Jeske http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-2643178 Jack Jeske Thu, 08 Apr 2010 22:23:04 +0000 http://biggovernment.com/?p=43334#comment-2643178 Interesting post reminds me of another gem. - Our greatest glory is not in never falling, but in getting up every time we do. - Confucius Interesting post reminds me of another gem. – Our greatest glory is not in never falling, but in getting up every time we do. – Confucius

]]> By: JPA http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-1746830 JPA Tue, 02 Feb 2010 00:46:53 +0000 http://biggovernment.com/?p=43334#comment-1746830 By: daninkansas http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-1101474 daninkansas Thu, 24 Dec 2009 15:31:59 +0000 http://biggovernment.com/?p=43334#comment-1101474 Our flimsy financial superstructure, frictionless, computer driven, viral, self-referential, whirrs obliviously onward. This article (It is hardly an analysis.) tells us very little about it. The Ghost of Robert Rubin is still very much with us. His "hands" are all over the Obama administration. Jagdish Bhagwati has a relevant piece in the fall 2009 World Affairs if anyone is interested. Our flimsy financial superstructure, frictionless, computer driven, viral, self-referential, whirrs obliviously onward. This article (It is hardly an analysis.) tells us very little about it. The Ghost of Robert Rubin is still very much with us. His "hands" are all over the Obama administration. Jagdish Bhagwati has a relevant piece in the fall 2009 World Affairs if anyone is interested.

]]> By: akohlhofer http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-839054 akohlhofer Fri, 11 Dec 2009 21:13:28 +0000 http://biggovernment.com/?p=43334#comment-839054 I think that the analysis misses a few points. The budget was never truly balanced. The borrowing of the Social Security Surplus for the General Fund simply transferred obligations. Also, for the 2001 budget Congress changed the rules allowing government pensions to buy Treasury Notes creating a several hundred billion dollar obligation to these pensions. It also does not take into account that almost the entire so-called surplus was due to increased revenues fromthe Capital Gains tax cut. Lastly, another culprit was Rubin channelling billions in US funds through the IMF to bail out Wall street from bad overseas investments. The moral hazard created eventually helped lead to the stock market meltdown in 2000 (and also lead to an increase in donations to the Democrat party from Wall Street). Ironically, when Paul O'Neil finally stopped this practice it actually prolonged the recession into 2003. That's when Bush finally got his tax policy right. I think that the analysis misses a few points. The budget was never truly balanced. The borrowing of the Social Security Surplus for the General Fund simply transferred obligations. Also, for the 2001 budget Congress changed the rules allowing government pensions to buy Treasury Notes creating a several hundred billion dollar obligation to these pensions. It also does not take into account that almost the entire so-called surplus was due to increased revenues fromthe Capital Gains tax cut. Lastly, another culprit was Rubin channelling billions in US funds through the IMF to bail out Wall street from bad overseas investments. The moral hazard created eventually helped lead to the stock market meltdown in 2000 (and also lead to an increase in donations to the Democrat party from Wall Street). Ironically, when Paul O'Neil finally stopped this practice it actually prolonged the recession into 2003. That's when Bush finally got his tax policy right.

]]> By: StlDan http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-816574 StlDan Fri, 11 Dec 2009 05:41:28 +0000 http://biggovernment.com/?p=43334#comment-816574 and/or China. and/or China.

]]> By: StlDan http://biggovernment.com/tdelbeccaro/2009/12/10/where-have-the-virgin-deficit-slayers-gone-or-mr-rubin-have-you-been-crowded-out/comment-page-1/#comment-816306 StlDan Fri, 11 Dec 2009 05:32:59 +0000 http://biggovernment.com/?p=43334#comment-816306 My Senator, Claire McCaskill (D) Mo. Has given herself the name of "Deficit Hawk" Ha! I think I will tweet (@clairecmc) her a link to this story. Anyone else like to join me? My Senator, Claire McCaskill (D) Mo. Has given herself the name of "Deficit Hawk" Ha! I think I will tweet (@clairecmc) her a link to this story. Anyone else like to join me?

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