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Thread: Economy's Biggest Drag Right Now Is Government

  1. #61
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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    What we are seeing in Europe is the end result of Keynesian economics.


    j-mac
    ...or the result of ignoring it. A Keynesian Economics plan deficit spends when the country is in recession, and pays that debt off through tax increases and spending cuts when the economy is booming. It's not a magic pill, it's a regulating force: reducing the severity of the recessions at the cost of smaller booms. The idea being that a more stable economy gives investors and businesses more confidence, producing a better overall growth rate than if the economy was left to itself.

    Europe is running into problems because the austerity measures enacted are multiplying the effects of a weaker economy. Unfortunately, they've also painted themselves into a corner. They have too much debt and not enough growth to borrow more money at a favorable rate.

    The US is in an entirely different situation. Our current debts are manageable and we have access to a glut of cheap money. Our problems stem from long term structural problems that must be solved now to avoid the situation Europe is now facing. We still are able to deficit spend now to keep the fragile economy growing, so long as we plan for future tax increases and spending cuts.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    What we are seeing in Europe is the end result of Keynesian economics.
    You don't even know what Keynesian Economics is.

    The only thing you know about Keynesian theory is the you're not supposed to like it because Fox News told you so...

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by apdst View Post
    Do you believe that Obama has done great things for this country?
    Yes, he has. He has also done bad. Just like any other president in history. Next?

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    40 or 50 years? We'll be lucky at the pace Obama is setting if we are still a free country in another 4 years....IMHO.


    j-mac

    Yep, if Obama is re-elected, at the end of 4 years there won't be a 7-eleven or tire station or any other business that isn't owned by the government and you will have to go to re-education camps.

    OMG can you spew anymore bull**** hyperbole in this thread? And you are the one that claims you want debate. Puuuuhlease.

  5. #65
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    Re: Economy's Biggest Drag Right Now Is Government

    He only wanted to debate after getting called out for creating a thread where the source contradicts his beliefs. I bet anything he votes!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by TheNextEra View Post
    Yep, if Obama is re-elected, at the end of 4 years there won't be a 7-eleven or tire station or any other business that isn't owned by the government and you will have to go to re-education camps.

    OMG can you spew anymore bull**** hyperbole in this thread? And you are the one that claims you want debate. Puuuuhlease.

    I'm betting he can.

    Fox News websites are the new WND. A world of hate, homophobia, and anti-Obama bs.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by MoSurveyor View Post
    Look Mo. I know that you are just a bit lacking in the intelligence department. You are unable to follow simple instructions.

    Show me last year's outlays (that means the money the government spent) then show me this year's outlays (that still means the money the government has spent). I just need to simple, authoritative numbers. Just two.

    Compare them. Show me that the federal government spent six percent less this year than last year. If you can show me such an amazing thing I will be astonished.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by hazlnut View Post
    I'm betting he can.

    Fox News websites are the new WND. A world of hate, homophobia, and anti-Obama bs.
    whats a wnd?weapon of nascar destruction?
    “[The metric system is the tool of the Devil! My car gets forty rods to the hogshead, and that’s the way I likes it!” – Abe “Grampa” Simpson”

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by beerftw View Post
    whats a wnd?weapon of nascar destruction?
    World Net Daily.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Misterveritis View Post
    Look Mo. I know that you are just a bit lacking in the intelligence department. You are unable to follow simple instructions.

    Show me last year's outlays (that means the money the government spent) then show me this year's outlays (that still means the money the government has spent). I just need to simple, authoritative numbers. Just two.

    Compare them. Show me that the federal government spent six percent less this year than last year. If you can show me such an amazing thing I will be astonished.
    Like I'm your research slave or something!

    I showed you the report that produced the number in question. If you insist on verifying information from a government source that 99.99% of the economists in the world use that's on you, dude.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

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