Page 12 of 16 FirstFirst ... 21011121314 ... LastLast
Results 111 to 120 of 152

Thread: US Debt Could Double in 25 Years With Current Policies

  1. #111
    Educator
    Join Date
    May 2010
    Last Seen
    02-04-15 @ 11:02 PM
    Lean
    Undisclosed
    Posts
    808

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by AdamT View Post
    I'm saying that Fitch wants to see a long-term plan that addresses structural deficits, and just as importantly, they want to see evidence that our government isn't completely disfunctional. I think they understand that we will have to run significant deficits for the next few years.
    Let be frank for a second...a Fitch downgrade is not going to serious hamper our ability to borrow cheap money.

  2. #112
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by Khayembii Communique View Post
    Apparently conservatives think that government spending - specifically, deficit spending for some unknown reason - is "Keynesian". And that therefore anyone that increases government spending must be "Keynesian".

    I don't think they understand what Keynesian economics was about.
    Well, I do.

    Definition of 'Keynesian Economics'
    An*economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

    Read more: Keynesian Economics Definition | Investopedia

  3. #113
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by Kushinator View Post
    And i would be correct in that statement. Anyone who is familiar with Keynesian macroeconomic policy understands that the reason in engaging in deficit spending is to minimize the "output gap". By 1933, unemployment was around 20% and real GDP had fallen by 37% from 1929. Therefore it would take an enormous amount of deficit spending to push the economy back to full employment. And it did.
    I see you and KC need constant reminders of what Keynesian Economics is.

    Okee dokee

    Definition of 'Keynesian Economics'
    An*economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

    Read more: Keynesian Economics Definition | Investopedia


    Have a nice day.


    Btw - I find it interesting how Keynesian lovers try desperately to distance their beloved Keynesian economic theories from the New Deal.

    People like Paul Krugman, for example (what an economic whacko he is - just shows Nobel Prizes don't mean much).
    Last edited by DA60; 06-08-12 at 02:03 AM.

  4. #114
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by Eighty Deuce View Post
    No. This is exactly what I said:



    At least quote me, or correctly state what I posted, instead of just lying about it, and then criticizing me for something that I did not say.

    Here, from an earlier link that I provided:



    You are making stuff up.
    It's typical Keynesian-lovers ways.

    If they cannot prove they are right - they often use misinformation or twist facts to suit their needs.

    As the current Keynesian policies fail more and more, you will probably see more and more off this.

  5. #115
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by Kushinator View Post


    Not at all. I am just having a discussion with someone who does not know what they are talking about.
    Wrong.

    You cannot know whether someone knows what they are talking about unless you know exactly what information on the subject in question is contained in someone's brain.

    Since there is no known way to know this - then there is no possible way for you to ascertain whether this person knows or does not know what they are talking about.

    You are simply indulging in blatant inexactitude to try and (probably) insult this person.

    Rather simplistic and immature, In my opinion.

    And it does not further your cause PLUS it makes you seem more desperate.


    Have a nice day.

  6. #116
    Advisor NAKED N00B's Avatar
    Join Date
    Feb 2012
    Last Seen
    05-24-13 @ 09:17 PM
    Gender
    Lean
    Liberal
    Posts
    386
    Blog Entries
    1

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by DA60 View Post
    It's typical Keynesian-lovers ways.

    If they cannot prove they are right - they often use misinformation or twist facts to suit their needs.

    As the current Keynesian policies fail more and more, you will probably see more and more off this.
    What Keynesian policies?


  7. #117
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 10:35 PM
    Gender
    Lean
    Conservative
    Posts
    57,123

    Re: US Debt Could Double in 25 Years With Current Policies

    yeah... until you read the left side of the graph....

    what Keynesian policies. Both Bush and Obama tried to stimulate the economy by having the government step in to "create demand".

  8. #118
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    Yesterday @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by DA60
    I see you and KC need constant reminders of what Keynesian Economics is.

    Okee dokee

    Definition of 'Keynesian Economics'
    An*economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

    Read more: Keynesian Economics Definition | Investopedia
    LOL that definition is so wrong, why would you quote it?

    Keynes' theory was that in times of recession government spending should increase to offset the loss of private capital investment. In other words, it has a particular time (recessions), a particular extent (to fill the gap) and a particular purpose (to offset lost private capital investment). In fact, in times of growth he argued that government spending should decrease to allow for further private capital investment and to increase its coffers for when a recession does hit. In other words, his theory of countercyclical fiscal policies (increased government spending in a recession, increase taxes and/or decreased spending in growth).

    It's not just "active government intervention in the marketplace". So you very clearly have no idea what Keynes theorized.
    Last edited by Khayembii Communique; 06-08-12 at 08:27 AM.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  9. #119
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: US Debt Could Double in 25 Years With Current Policies

    Quote Originally Posted by Khayembii Communique View Post
    LOL that definition is so wrong, why would you quote it?

    Keynes' theory was that in times of recession government spending should increase to offset the loss of private capital investment. In other words, it has a particular time (recessions), a particular extent (to fill the gap) and a particular purpose (to offset lost private capital investment). In fact, in times of growth he argued that government spending should decrease to allow for further private capital investment and to increase its coffers for when a recession does hit. In other words, his theory of countercyclical fiscal policies (increased government spending in a recession, increase taxes and/or decreased spending in growth).

    It's not just "active government intervention in the marketplace". So you very clearly have no idea what Keynes theorized.
    Well...I could either believe the definition of some faceless, nobody, know-it-all on a chat forum?

    Or I could believe Investopedia and just about every major unbiased publication on the web?

    Hmmmmmm.

    I think I'll pick the latter.


    And BTW - any idiot knows that Keynes believed in reducing government intervention during times of growth....DUH.

    The above obviously refers to times of economic contraction.

    Here are some more examples:


    'Keynesian economists urge and justify a government's intervention in the economy through public policies that aim to achieve full employment and price stability'

    http://www.businessdictionary.com/de...economics.html


    'Named for economist John Maynard Keynes. An economic theory which advocates government intervention, or demand-side management of the economy, to achieve full employment and stable prices.'

    http://www.investorwords.com/2693/Ke...Economics.html


    'Relating to the ideas of John Maynard Keynes, who believed that, in a recession, the economy can be made to grow and unemployment reduced by increasing government spending and making reductions in interest rates. [1]
    Theory based on the ideas of economist John Maynard Keynes that optimum economic performance could be achieved by influencing aggregate demand through government fiscal (public spending and taxation) policy, not through the free market philosophy characterised by the classical and neo-classical schools.'

    http://lexicon.ft.com/Term?term=Keynesian-economics
    Last edited by DA60; 06-08-12 at 08:42 AM.

  10. #120
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    Yesterday @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

    Re: US Debt Could Double in 25 Years With Current Policies

    Well...I could either believe the definition of some faceless, nobody, know-it-all on a chat forum?
    Or you could read his book and actually understand what Keynes was talking about in his own words?

    I think I'll pick the latter.
    Of course you would, because you have to because you've never studied Keynesian economics so you need to rely on a definition that you looked up in a dictionary.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

Page 12 of 16 FirstFirst ... 21011121314 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •