another extension?...

[OntarioVanMan]

Take your latest example. They (liberals) want to extend unemployment. They again, want to borrow to do it. Nothing complicated. Yep.....it is a liberal thing.
They of course would want everyone with a job to pay for that, but oops...we are tying up their money and extra new taxes on Obamacare.

Canada 50 weeks is max....no extending ever...they then dump you into the provincial arena...to be supported there....
quit your job....no benefits...
No job search forms handed in monthly.....cut-off....
refuse temporary work......cut off and/or benefits reduced...

unemployment fund....surplus....

 

[Pilgrim]

Yes, we need inflation; but we're not going to get it. If inflation, accounted for by interest rates, go anywhere near 10%, the fed government goes belly up, due to not being able to pay the interest on the debt. They've backed themselves into a corner they can't get out of. Now all we do is wait for the pyramid scheme to collapse.

Just for argument's sake - we've got significant inflation, and it has been with us for several years. For example, compare the cost of food and fuel among other things. But the numbers are rigged by the govt by excluding these figures that "skew" the figures. The problem is that the Fed has kept interest rates artificially low which which merges with your argument stated above. If the US Govt had to pay normal market interest rates that would have resulted from the inflation we've had for the past several years, the interest alone would have been another financial crisis that would have buried our economy. This is the economic time bomb no one - especially the Obama administration or the MSM - wants to talk about.

 

[Tennesseahawk]

I am not sure what you mean by your question.

Do you know what the purpose of inflation is, regarding the economy? And what it has traditionally done during depressions/recessions?

Inflation counters that "buy buy buy" mentality of a good economy. Interest rates rise, and stop people, and companies, from expanding. They end up saving instead, which is how recovery happens. When you have the federal government fudging with the system, and not allowing nature (with regards to economics) to take its course by having inflation, you create a bubble, which, when it bursts, ends up damaging the economy MUCH worse than it would have if they had just let the inflation happen in the first place.

A time to reap, a time to sow.

 

[Tennesseahawk]

Just for argument's sake - we've got significant inflation, and it has been with us for several years. For example, compare the cost of food and fuel among other things. But the numbers are rigged by the govt by excluding these figures that "skew" the figures. The problem is that the Fed has kept interest rates artificially low which which merges with your argument stated above. If the US Govt had to pay normal market interest rates that would have resulted from the inflation we've had for the past several years, the interest alone would have been another financial crisis that would have buried our economy. This is the economic time bomb no one - especially the Obama administration or the MSM - wants to talk about.

Sounds like you've been listening to *gasp* Peter Schiff.