Just who is the Washington Economic Club?. The National Economists Club
encourages the exchange of ideas on economics, business, and policy through
meetings featuring high-profile speakers. Members, mostly from around the
nation's capital, hail from business, government, academe, nonprofits, and
international organizations. Luncheons, receptions, and other events are also
designed for socializing and networking. NEC is affiliated with the National
Association for Business Economics, is nonpartisan, and takes no policy
positions. Just as his early May address before the Economic Club of New York
kicked off the debate over raising the countrys debt ceiling over the summer,
Boehners remarks were meant to set the stage for the current negotiations with
the White House over the handling of the debt and unemployment crises. Boehner
did not issue a sweeping jobs plan in the same manner that Obama did last week,
but many of the proposals were repackaged from similar offerings made in recent
years. Congressional deficit supercommittee charged with finding ways to reduce
the U.S. deficit by $1.5 trillion: No Koch Brother's tax increases?. continued
continued Part IIMy worry is that for American job creators, all the
uncertainty is turning to fear that this toxic environment for job creation is a
permanent state. Job creators in America are essentially on
strike. The problem is not confusion about the policies the problem
is the policies. The anger many Americans have been feeling in
recent years is beginning to turn into fear. . .fear of our future.
That bothers me, and it should bother all of us. America is a land
of opportunity. Always has been. Our economy has always been
built on opportunity on entrepreneurs, innovators and risk-takers willing to
take a chance because theyre confident if they work hard, they can succeed. Over the past few years, government has made people less confident not
more confident -that they can succeed. More and more Americans are
realizing this, and theyre speaking out about it.
continued Part IIIHOGWASH Remarks by House Speaker John Boehner
(R-OH)Economic Club of Washington, DCAs Prepared for DeliverySeptember 15, 2011President Rubenstein, members of the board,
honored guests -- thank you for the opportunity to be here with you today to
talk about jobs and the state of our nation's economy. We all know
the economy is stalled, and its been stalled. And it's not because the American
people have lost their way. It's because their government has let them down. Last week the president put forth a new set of proposals. The House
will consider them, as the American people expect. Some of the presidents
proposals offer opportunities for common ground. But let's be
honest with ourselves. The president's proposals are a poor substitute for the
pro-growth policies that are needed to remove barriers to job creation in
America the policies that are needed to put America back to work.
If we want job growth, we need to recognize who really creates jobs in America.
It's the private-sector. This building is named in memory of
President Ronald Reagan, who recognized that private sector job creators are the
heart of our economy.
They're not going to accomplish anything.Hello, automatic cuts.
I am fine with all the calls to "overhaul" the tax code.But, when it's all said and done, we still need to collect revenue.And, we need to collect just as much or more than we currently do.So this will really just turn into a fight about who pays more taxes.Closing loopholes? The GOP will call that a tax increase.Simplifying
the tax code? The Accountant lobby will pay (bribe) congress to keep it
complicated to protect their golden goose.Make everyone pay something, the
Dems will have a fit.I am confident that nothing significant will be
accomplished.Why? Because in today's world "compromise" is a
dirty word.Business as usual.
If the bridge needed work because of overcrowding, why wasnt it fixed in the
original porkulus? Because too much of the original porkulus went to things
such as special ed, research on insects' sex lives, $300 million to BP, and
unemployment benefits, which have nothing to do with stimulating the economy.The republicans natural instinct is not to engage in cooperation? This
attack from the campaign that has launched its own attackwatch web page? I
guess they dont intend for anyone to notice that they have the more vicious
@Lost: The "porkulus" as you call was used by the states to pay off
debt instead of its intended use of fixing and building infrastructure, which
would have fixed the bridge and put people back to work. The states paying off
their debt is not such a bad thing, but it's not what the money was intended
for. And, yes, I'm sure there were monies used for controversial things, but
that has happened for a very long time.
Re: xscribe | 8:32 a.m. Sept. 16, 2011 "The states paying off their
debt is not such a bad thing"When was paying off debts ever a
bad thing? People without debt can invest their money into savings instead of
giving it away in interest. The same economics that apply to individuals also
apply to states and governments. Just ask Greece.
"When was paying off debts ever a bad thing?"It is not. I
hope that if provisions are made to insure that any increase in taxes will only
go to paying debt while not incurring more, that the T Party and the GOP will
not be adverse to the idea.What is the chance of that? Not a bad
idea since paying off debt is NEVER a bad thing.
The government does not need to raise tax rates on anyone to collect more
revenue. Such rehetoric is just a "strawman argument" for partisan
purposes. If revenue to the Federal government is to a large extent based on
personal employee taxes, which is why Mr. Obama insists on destroying the
funding base of Soc. Sec. as a means to encourage companies to hire. A bad
solution that will not work. If one person goes to work it has two impacts.
First, it reduces government expense that is being paid to the person from
various sources like unemployment, job training, food stamps, etc. Second, it
adds revenue from employment taxes and if the wages are high enough from income
taxes. No increase in the tax rates, but the budget deficit is reduced. So,
what gets people back to work certainly not the President's "American Jobs
Act", which does not really exist as it has not been submitted for
legislation in any form. This is all just more election rehtoric by the
administration to drum up the base without doing one concrete thing for the
economy and blame the rich for the administration's failures to produce economic
viability and tax revenune.
Can you imagine the size of Deficit under Reagan if the tax rate had been what
it is today?Those of you who feel that we can cut spending to a
balanced budget, I implore you to list SPECIFIC programs that you would cut to
get us balanced.Typically, people pick the low hanging fruit, which
is a great start, and then stop there. They say, "I quickly cut this much
money. See how easy it is?"So, Lets hear what you will cut or
curb to get to a balanced budget.IF, and that is a big IF, you can
actually get there, I doubt a majority in EITHER party would vote for it.But, lets see your attempt. I sincerely doubt that anyone will even
Rifleman: Don't recall saying it was a bad thing; merely pointing out the fact
that that is not what the money was to be used for. Debt is what got us into
this mess, not state or federal debt, but personal debt!
Re: JoeBlow | 10:23 a.m. Sept. 16, 2011 Intelligent people budget
and don't spend money they don't have while the less educated think pay day
check loan companies are the way to go.No one ever accused the
federal government of having any common sense. The only good news it is some
future generation who is going to have to pay back all the money we're flushing
down the toilet today.
Yes Rifleman,And both Republicans and Democrats have been flushing
that money at a staggering rate. I just wish you could see how bad both sides
are at doing it.And, that money that our future generations will
have to pay back also included the wars.And, you have proven that it
is easier to talk about "paying off the debt" as a talking point than
to actually put forth a plan. (I notice you didn't even try)The ole
"we dont have a taxing problem, we have a spending problem"I have YET to see anyone who utters that line, to show how the deficit can be
eliminated with spending cuts. But, hey, it sure sounds good.