Comments on: Finger pointing for fun and profit http://keithhennessey.com/2009/11/05/finger-pointing/ Your guide to American economic policy Sun, 14 Mar 2010 16:17:34 -0400 http://wordpress.org/?v=abc hourly 1 By: Melissa http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13108 Melissa Mon, 09 Nov 2009 18:01:27 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13108 I certainly hope that the results of your current investigation into the Financial Crisis will yield results that will allow you to continue to praise the work of the appropriate people, and condemn the inappropriate activities of the crooks that put us in this financial situation. Truth be told, and TRUE accounting practices applied, our financial system (or "back-bone" as it has been called) is bankrupt already, and the ONLY solution is to put these institutions into receivership until they are again able to sustain honest business practices. <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13108','Melissa'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13108','Melissa','I certainly hope that the results of your current investigation into the Financial Crisis will yield results that will allow you to continue to praise the work of the appropriate people, and condemn the inappropriate activities of the crooks that put us in this financial situation. \n \nTruth be told, and TRUE accounting practices applied, our financial system (or "back-bone" as it has been called) is bankrupt already, and the ONLY solution is to put these institutions into receivership until they are again able to sustain honest business practices. '); return false;">Quote</a></div> I certainly hope that the results of your current investigation into the Financial Crisis will yield results that will allow you to continue to praise the work of the appropriate people, and condemn the inappropriate activities of the crooks that put us in this financial situation.

Truth be told, and TRUE accounting practices applied, our financial system (or "back-bone" as it has been called) is bankrupt already, and the ONLY solution is to put these institutions into receivership until they are again able to sustain honest business practices.

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]]> By: The Greenroom » Forum Archive » Post-Script on the Off-Year Elections: Goodbye to the Big Mandate and other Big Lies http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13088 The Greenroom » Forum Archive » Post-Script on the Off-Year Elections: Goodbye to the Big Mandate and other Big Lies Sat, 07 Nov 2009 20:17:20 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13088 [...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13088','The Greenroom » Forum Archive » Post-Script on the Off-Year Elections: Goodbye to the Big Mandate and other Big Lies'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13088','The Greenroom » Forum Archive » Post-Script on the Off-Year Elections: Goodbye to the Big Mandate and other Big Lies','[...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]'); return false;">Quote</a></div> [...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]
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]]> By: ZOMBIE CONTENTIONS - RE: Smackdown from the Burbs http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13087 ZOMBIE CONTENTIONS - RE: Smackdown from the Burbs Sat, 07 Nov 2009 18:12:52 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13087 [...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13087','ZOMBIE CONTENTIONS - RE: Smackdown from the Burbs'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13087','ZOMBIE CONTENTIONS - RE: Smackdown from the Burbs','[...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]'); return false;">Quote</a></div> [...] image of “hope and change,” render several Big Lies obsolete (not least the “they alone screwed it all up, we alone rescued it” mega-lie), and strip this President and this Democratic Ascendancy of their last pretensions [...]
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]]> By: Keith Hennessey http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13083 Keith Hennessey Sat, 07 Nov 2009 04:04:20 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13083 There are two demographic forces leading to an older population. One is longer lifespans, which you are correct is a permanent change and not a bulge. The other is the temporary "bulge" of increased fertility rates during the Baby Boom, generally regarded to be birth years 1946-1964. <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13083','Keith Hennessey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13083','Keith Hennessey','There are two demographic forces leading to an older population. One is longer lifespans, which you are correct is a permanent change and not a bulge. The other is the temporary "bulge" of increased fertility rates during the Baby Boom, generally regarded to be birth years 1946-1964. '); return false;">Quote</a></div> There are two demographic forces leading to an older population. One is longer lifespans, which you are correct is a permanent change and not a bulge. The other is the temporary "bulge" of increased fertility rates during the Baby Boom, generally regarded to be birth years 1946-1964.
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]]> By: PMA http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13081 PMA Fri, 06 Nov 2009 20:54:48 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13081 The TARP was one proposed solution to the systemic financial crisis. There were other solutions which were more justifiable that did not reward fraud, incompetence, and insane risk-taking. Why do so many people support TARP as the <b>best</b> solution to last year's financial crisis? <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13081','PMA'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13081','PMA','The TARP was one proposed solution to the systemic financial crisis. There were other solutions which were more justifiable that did not reward fraud, incompetence, and insane risk-taking. Why do so many people support TARP as the <b>best<\/b> solution to last year's financial crisis? '); return false;">Quote</a></div> The TARP was one proposed solution to the systemic financial crisis. There were other solutions which were more justifiable that did not reward fraud, incompetence, and insane risk-taking. Why do so many people support TARP as the best solution to last year's financial crisis?
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]]> By: Patrick R. Sullivan http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13080 Patrick R. Sullivan Fri, 06 Nov 2009 18:30:01 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13080 ' He’s right that health care cost growth is more significant after that, but we’ll never make it that far on our current path. As Butch Cassidy said to the Sundance Kid who was afraid of jumping from the cliff into the river because he couldn’t swim, “Are you crazy? The fall will probably kill you.” (h/t Andrew Biggs)' You may have read that on Biggs' blog, but it was a comment from JG. Who is Jim Glass, aka The Scrivener (<a href="http://www.scrivener.net/)" target="_blank">http://www.scrivener.net/)</a> <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13080','Patrick R. Sullivan'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13080','Patrick R. Sullivan','' He’s right that health care cost growth is more significant after that, but we’ll never make it that far on our current path. As Butch Cassidy said to the Sundance Kid who was afraid of jumping from the cliff into the river because he couldn’t swim, “Are you crazy? The fall will probably kill you.” (h\/t Andrew Biggs)' \n \nYou may have read that on Biggs' blog, but it was a comment from JG. Who is Jim Glass, aka The Scrivener (<a href=\"http:\/\/www.scrivener.net\/)\" target=\"_blank\">http:\/\/www.scrivener.net\/)<\/a> '); return false;">Quote</a></div> ' He’s right that health care cost growth is more significant after that, but we’ll never make it that far on our current path. As Butch Cassidy said to the Sundance Kid who was afraid of jumping from the cliff into the river because he couldn’t swim, “Are you crazy? The fall will probably kill you.” (h/t Andrew Biggs)'

You may have read that on Biggs' blog, but it was a comment from JG. Who is Jim Glass, aka The Scrivener (http://www.scrivener.net/)

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]]> By: Ted http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13079 Ted Fri, 06 Nov 2009 18:11:09 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13079 As an FYI, characterizing the baby boomers as a demographic 'bulge' is misleading, as it leads to the expectation of an increase, and then a reduction in spending. If you look at SS spending over the long term, however, CBO (<a href="http://www.cbo.gov/ftpdocs/102xx/doc10297/Chapter3.6.1.shtml#1092984)" target="_blank">http://www.cbo.gov/ftpdocs/102xx/doc10297/Chapter...</a> shows us that SS spending will sharply increase, start moderating around 2045ish, and then begin marching upward smartly post that. There isn't a baby boomer 'bulge,' there is a permanent aging of our society. <div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13079','Ted'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13079','Ted','As an FYI, characterizing the baby boomers as a demographic 'bulge' is misleading, as it leads to the expectation of an increase, and then a reduction in spending. If you look at SS spending over the long term, however, CBO (<a href=\"http:\/\/www.cbo.gov\/ftpdocs\/102xx\/doc10297\/Chapter3.6.1.shtml#1092984)\" target=\"_blank\">http:\/\/www.cbo.gov\/ftpdocs\/102xx\/doc10297\/Chapter...<\/a> shows us that SS spending will sharply increase, start moderating around 2045ish, and then begin marching upward smartly post that. There isn't a baby boomer 'bulge,' there is a permanent aging of our society. \n \n '); return false;">Quote</a></div> As an FYI, characterizing the baby boomers as a demographic 'bulge' is misleading, as it leads to the expectation of an increase, and then a reduction in spending. If you look at SS spending over the long term, however, CBO (http://www.cbo.gov/ftpdocs/102xx/doc10297/Chapter... shows us that SS spending will sharply increase, start moderating around 2045ish, and then begin marching upward smartly post that. There isn't a baby boomer 'bulge,' there is a permanent aging of our society.

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]]> By: Tweets that mention Finger pointing for fun and profit  |  KeithHennessey.com -- Topsy.com http://keithhennessey.com/2009/11/05/finger-pointing/comment-page-1/#comment-13072 Tweets that mention Finger pointing for fun and profit  |  KeithHennessey.com -- Topsy.com Fri, 06 Nov 2009 01:59:14 +0000 http://keithhennessey.com/2009/11/05/finger-pointing-for-fun-and-profit/#comment-13072 [...] This post was mentioned on Twitter by C.E.H. Wiedel, Keith Hennessey. Keith Hennessey said: Finger pointing for fun and profit: http://bit.ly/2RgR7f [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('13072','Tweets that mention Finger pointing for fun and profit  |  KeithHennessey.com -- Topsy.com'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('13072','Tweets that mention Finger pointing for fun and profit  |  KeithHennessey.com -- Topsy.com','[...] This post was mentioned on Twitter by C.E.H. Wiedel, Keith Hennessey. Keith Hennessey said: Finger pointing for fun and profit: http:\/\/bit.ly\/2RgR7f [...]'); return false;">Quote</a></div> [...] This post was mentioned on Twitter by C.E.H. Wiedel, Keith Hennessey. Keith Hennessey said: Finger pointing for fun and profit: http://bit.ly/2RgR7f [...]
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