View Poll Results: What do you think?

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  • Focus on job creation, and then worry about the defit

    8 100.00%
  • Focus on the deficit, because the deficit is more important

    0 0%
  • Not sure/other

    0 0%
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Thread: Bill Clinton: Focus on job growth then deficit

  1. #1
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    Bill Clinton: Focus on job growth then deficit

    Bill Clinton is advising lawmakers to focus on job creation first, then move onto the deficit.

    What do you think?

    Do you think paying off the deficit will be easier once America is back on it's feet, and Americans are working hard and the economy grows? Bill Clinton: Focus on job growth, then deficit - CBS News

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    Re: Bill Clinton: Focus on job growth then deficit

    While it's possible to address both at once, if I was forced to choose, jobs are the priority.

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    Re: Bill Clinton: Focus on job growth then deficit

    Bill Clinton knows his economics and also has a good understanding of how Washington works. I trust his judgement.
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    Re: Bill Clinton: Focus on job growth then deficit

    Bill Clinton was lucky in that during his presidency a large economic bubble formed. His economic policies were rather slim and the major one the repeal of the Glass Stegal act was in my opinion the wrong thing to do
    Last edited by Lord Tammerlain; 09-18-11 at 08:36 PM.
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    Re: Bill Clinton: Focus on job growth then deficit

    If one must choose between job creation and the deficit, then job creation it is.

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    Re: Bill Clinton: Focus on job growth then deficit

    I like the sentiment here. It seems rather obvious that a more prosperous nation, with more people earning more money, can raise money to pay a debt. Whereas people who have spent everything they have paying that debt, have nothing to work with.
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    Re: Bill Clinton: Focus on job growth then deficit

    Job creation is of course the priority. We have been running a deficit for an ungodly number of years, we can manage a few more. Once the economy is back on track, it will be easier to take care of the deficit.
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    Re: Bill Clinton: Focus on job growth then deficit

    Quote Originally Posted by theplaydrive View Post
    If one must choose between job creation and the deficit, then job creation it is.
    Quote Originally Posted by Redress View Post
    Job creation is of course the priority. We have been running a deficit for an ungodly number of years, we can manage a few more. Once the economy is back on track, it will be easier to take care of the deficit.
    It depends on the nature of the job creation truely


    The government could create jobs by paying people to dig ditches and filling them in, but that would be very unproductive, and cost the economy a lot now and in the future. If it focused on longer term infrustructure projects that would have some payback it would be appropriate. Items like the Hoover Dam or similar programs would be ideal, but building multiple bridges to nowhere would be a waste. Japan has engaged in this for the last 20 years or so and has only increased the deficit at the expense of long term economic performance.

    In every economy their comes a time when it needs to undergo structural changes, Japan needs to desperately, the US should do it sooner rather then later, Greece is undergoing it right now. It will not be pleasent but in the current US economic situation the best the government can do is limit the economic suffering as the US economy hopefully undergoes the structural changes it needs. Untill those changes are made the US economy will not get back on track.
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    Re: Bill Clinton: Focus on job growth then deficit

    Quote Originally Posted by Lord Tammerlain View Post
    It depends on the nature of the job creation truely


    The government could create jobs by paying people to dig ditches and filling them in, but that would be very unproductive, and cost the economy a lot now and in the future. If it focused on longer term infrustructure projects that would have some payback it would be appropriate. Items like the Hoover Dam or similar programs would be ideal, but building multiple bridges to nowhere would be a waste. Japan has engaged in this for the last 20 years or so and has only increased the deficit at the expense of long term economic performance.

    In every economy their comes a time when it needs to undergo structural changes, Japan needs to desperately, the US should do it sooner rather then later, Greece is undergoing it right now. It will not be pleasent but in the current US economic situation the best the government can do is limit the economic suffering as the US economy hopefully undergoes the structural changes it needs. Untill those changes are made the US economy will not get back on track.
    That is actually a pretty good point. One thing I like in infrastructure work during times like this is simply getting the road and bridge repair/modernization done that needs to be done or will soon. That means that when the time comes to reduce spending as the business sector has picked up and is employing those who need it, you can actually reduce infrastructure spending to below what it would normally be for at least awhile.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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