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CBO: Obama stimulus harmful over long haul

Goldenboy219 said:
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.
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Nobody is arguing that projections are perfect, but I don't see how you can claim that they're "fallacious" simply because circumstances change.
 
RightinNYC said:
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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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...
 
Goldenboy219 said:
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...
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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.
 
RightinNYC said:
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.
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Well see about that in another month and a half when Obama wants another stimulus.
 
RightinNYC said:
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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My bad, $2.5 trillion. Its because im a crazy Paulite:doh
 
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