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Thread: CBO: Obama stimulus harmful over long haul

  1. #101
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by Goldenboy219 View Post
    Projections are fallacious, because it is dependent on the velocity of money to be at a constant, when this current situation proves it to be otherwise.
    Nobody is arguing that projections are perfect, but I don't see how you can claim that they're "fallacious" simply because circumstances change.
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  2. #102
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by RightinNYC View Post
    Nobody is arguing that projections are perfect, but I don't see how you can claim that they're "fallacious" simply because circumstances change.
    If you read the data provided by Dezzad, they are expecting something like a $3 trillion shortfall recovery in a year or two, with $700 billion + wannabe stimulus??? They are basically assuming marginal propensity to consume domestic goods is 75% - autonomous consumption...
    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

  3. #103
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by Goldenboy219 View Post
    If you read the data provided by Dezzad, they are expecting something like a $3 trillion shortfall recovery in a year or two, with $700 billion + wannabe stimulus??? They are basically assuming marginal propensity to consume domestic goods is 75% - autonomous consumption...
    1) Dezaad's data is a hypothetical designed to prove a point, not the actual numbers from the CBO
    2) Even so, there's no $3T shortfall recovery there.
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  4. #104
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by RightinNYC View Post
    Because Congress is making the entirely reasonable calculation that the long term costs are worth the short-term gains.

    It's the same thing that all of us do when we take out loans.
    Well see about that in another month and a half when Obama wants another stimulus.
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by RightinNYC View Post
    1) Dezaad's data is a hypothetical designed to prove a point, not the actual numbers from the CBO
    2) Even so, there's no $3T shortfall recovery there.
    My bad, $2.5 trillion. Its because im a crazy Paulite
    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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