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. #121
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?


    Many have claimed Obama is the smartest guy in the room... ROTFLOL...
    Obama is only the smartest guy in the room, when he is in a room full of tea partyers.
    Last edited by imagep; 02-24-15 at 02:06 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  2. #122
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by radcen View Post
    Reps abandoned the "fiscal responsibility" thing 30 years ago. The fact that ANYBODY stills falls for it is mind boggling.
    8 Trillion in the last 6 years not including 5 Trillion that is kept off the books from the bankruptcy of Fannie and Freddie.

    Its not 30 years ago, its 2015 and after 8 Trillion in new debt in 6 years, massive spending and " Stimulus " to increase aggregate demand we still have a record 92 Million people who are of working age not employed and ALLOT of new part time low paying jobs.

    Disability rates have doubled and food stamp use has increased 40 percent. Poverty rates have increased and the Middle class is shrinking.

    It DOESN'T WORK, Japan has followed thw Keynesian Fiscal stimulus plan tpoo the letter and they're screwed.

  3. #123
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    The problem with the counter you are offering is that dollars do not have intrinsic value - they are representative stores of value for which demand fluctuates. When you print a dollar, you reduce the value of all other dollars, meaning that creating dollars is simply a tax on current dollar holders.
    Printing more dollars only reduces value if they are chasing more goods than are available. Last time I checked, Walmart had plenty of stuff on it's shelves.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #124
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    Re: Does governnent spending produce economic growth?

    Yes. So what?

    Also, the government wants to create inflation, so this whole printing money equals inflation argument is moot since the government creates inflation on purpose.

  5. #125
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    ROTFLOL... a consumer of the BIG LIE...

    Yes Congress has control of the purse.

    Many have claimed Obama is the smartest guy in the room... ROTFLOL...
    Obama is only the smartest guy in the room, when he is in a room full of tea partyers.[/QUOTE]


    Because Tea Partiers have caused so much financial and economic damage over the last 6 years with all their new legislation and Executive orders.....

    Lol.

  6. #126
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    Printing more dollars only reduces value if they are chasing more goods than are available. Last time I checked, Walmart had plenty of stuff on it's shelves.
    Yes because printing has worked so well for Argentina and Venezuela.

  7. #127
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    ...Japan has followed thw Keynesian Fiscal stimulus plan tpoo the letter and they're screwed.
    In what world is a 3.5% unemployment rate "screwed"? I only wish the US was that "screwed".

    When a nation is at the full employment level, GDP can't increase faster than the level of productivity increases which is created by technological improvements, thus the growth rate will be fairly small.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #128
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Yes because printing has worked so well for Argentina and Venezuela.
    I dunno anything about Argentina, but Venezuela is a communist country that isn't particularly productive outside of it's oil sales.

    Anyhow, no one ever said that our government can print an unlimited amount of money without having inflation. A government can only print as much money which can be matched by increases in production. When the unemployment rate is above the full unemployment level, there is plenty room for printing, and when productivity is increasing, there is room for printing.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #129
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    In what world is a 3.5% unemployment rate "screwed"?

    When a nation is at the full employment level, GDP can't increase faster than the level of productivity increases which is created by technological improvements, thus the growth rate will be fairly small.
    Nonsense, they're debt service is over 40 percent of their total budget outlays right now and the only creditors that are buying their debt is the BoJ.

    Their Banks are propped up ( Zombie Banks ) and they're targeting the discretionary income and savings of their own citizens by devauling their currency down to nothing.

    Unemployment rates alone dont make a healthy economy and niether does GDP.

    Try and offer up a HONEST evaluation next time instead of trying to cover your ass ideologically.

  10. #130
    Iconoclast
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    The problem with the counter you are offering is that dollars do not have intrinsic value - they are representative stores of value for which demand fluctuates. When you print a dollar, you reduce the value of all other dollars, meaning that creating dollars is simply a tax on current dollar holders.
    I see. So kindly explain how the US printing $7 trillion for the banks caused the value of the dollar to increase 20%? I'll wait.

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