View Poll Results: Does governnent spending produce economic growth?

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  • Yes

    241 68.08%
  • No

    13 3.67%
  • Sometimes

    100 28.25%
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Thread: Does governnent spending produce economic growth?

  1. #91
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Nonsense.

    Japan blew through 10 different Stimulus packages in the 90s spending over 10 Trillion Yen and spent loads of it on infrastructure.

    All it did was create massive amounts of debt and since then they've entered into 4 more Stimulus iniatives.

    IT DOESN'T WORK. Japan stuck by the Keynesian playplaybook to the letter and now the only one buying Japanese debt is the Bank of Japan as their debt service exceeds 40 percent of theit total budget outlays.
    Wrong, it does work. Unemployment in Japan fell every year from 5 percent in 2010 to 3.6 percent in 2014. Not only that but the interest rate on Japan's debt is below %1.

    No what happened to Japan is listening at the debt hawks. As a result they raised their national sales tax. That has caused their economy to shrink.

  2. #92
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by DaveFagan View Post
    Same as the US. The Fed is the only one buying US Treasuries.
    They buying them big time. But they are not the only ones.

  3. #93
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by DaveFagan View Post
    Same as the US. The Fed is the only one buying US Treasuries.
    True enough, but we haven't reached the debt to GDP ratio that Japan's reached just yet.

    I have all the faith in the world that the Democrats if given enough " rope " could and would run up unsustainable levels of debt and they would justify it by saying we needed it to " increase aggregate demand ".

    Silly Liberals. Demand doesn't need to be manipulated directly.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

  4. #94
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Nonsense.

    Japan blew through 10 different Stimulus packages in the 90s spending over 10 Trillion Yen and spent loads of it on infrastructure.

    All it did was create massive amounts of debt and since then they've entered into 4 more Stimulus iniatives.

    IT DOESN'T WORK. Japan stuck by the Keynesian playplaybook to the letter and now the only one buying Japanese debt is the Bank of Japan as their debt service exceeds 40 percent of theit total budget outlays.
    How does this jive with the US Interstate Highway System, which was probably the biggest boon to our economy ever?
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  5. #95
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Wrong, it does work. Unemployment in Japan fell every year from 5 percent in 2010 to 3.6 percent in 2014. Not only that but the interest rate on Japan's debt is below %1.

    No what happened to Japan is listening at the debt hawks. As a result they raised their national sales tax. That has caused their economy to shrink.

    LOL !!! Wth is wrong with you people ? Oh I know. You're Progressives who value your ideology over reality.

    Japan has spent its way into a tailspin of unsustainable debt.

    Its debt service payments now exceed 40 percent of its total budget outlays and thats with the BOJ devalueuating their currency and driving downn interest rates next to nothing.

    .
    All Japans done is wipe out the savings and the discretionary income of its OWN CITIZENS.

    Greece had really low unemployment rates just a few years ago. Now no one in their right minds will lend them a penny.
    Last edited by Fenton; 02-24-15 at 11:45 AM.

  6. #96
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by radcen View Post
    How does this jive with the US Interstate Highway System, which was probably the biggest boon to our economy ever?
    Huh ? So we should build more highways ?

    Just arbitrarily start building roads to no where ?

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    Re: Does governnent spending produce economic growth?

    Government spending, along with a progressive tax system that taxes capital more than wages leads to economic prosperity.

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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Huh ? So we should build more highways ?

    Just arbitrarily start building roads to no where ?
    Roads have to be maintained.

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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    LOL !!! Wth is wrong with you people ? Oh I know. You're Progressives who value your ideology over reality.

    Japan has spent its way into a tailspin of unsustainable debt.

    Its debt service payments now exceed 40 percent of its total budget outlays and thats with the BOJ devalueuating their currency and driving downn interest rates next to nothing.

    All Japans done is wipe out the savings and the discretionary income of its OWN CITIZENS.
    The unemployment figures do not lie. Japan's unemployment rate is less than the U.S. If the debt is so bad, then why are the interests rates remaining so low? If it's so bad they should be rising despite central bank efforts.

    The thing that Japan did wrong was raising the national sales tax, to placate people like you. The result is the contraction.

    Quote Originally Posted by Fenton View Post
    Greece had really low unemployment rates just a few years ago. Now no one in their right minds will lend them a penny.
    Greece is different because they don't have their own currency. Instead they have fallen victim to the euro, something that they have no control over. Not only that, but because of people like you forcing austerity on the people of Greece, there unemployment rate has remained high.

  10. #100
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Huh ? So we should build more highways ?

    Just arbitrarily start building roads to no where ?
    *facepalm*

    Never mind.


    Quote Originally Posted by akrunner88 View Post
    Roads have to be maintained.
    Yes, they absolutely do need to be maintained, but I was referring to the initial outlay of money to build them.

    Going by the Japan example, one would think we screwed ourselves by building the highway system, but not so. It has actually been a huge boon to our society's economic success. Hence, maybe it's not so simple and answer.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

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