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. #131
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    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.

    Venezuela Nationalized almost every significant industry just 14 short years ago.

    Since then productivity in ALL other Financial sectors INCLUDING Oil has dropped considerably.

    To offset budget shortfalls they borrowed and borrowed ( sound familiar ? ) until no creditor in theiir right mind would give them another penny.

    You people claim debt doesn't matter, that a Nation with its own sovereign currency can just print away. Well thats what they've done and now they have the Highest inflation rates in the world.

  2. #132
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    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.
    The tea party has been attempting to control the reasonable portion of the republican party, and yes, they have caused economic damage.
    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.

  3. #133
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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.

    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

  4. #134
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    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.
    The most important thing is unemployment.

    People who don't have any money really could care less about debt service or propped up banks, etc. And you do realize that the inflation rate in japan has been averaging just about 0% during the past five years or so don't you?

    If you HONESTLY believe that a nation with zero debt, and nothing "propped up", but which has 50% unemployment is doing well, then you must be from an alternate universe. That debt stuff is simply accounting issues.
    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.

  5. #135
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    The tea party has been attempting to control the reasonable portion of the republican party, and yes, they have caused economic damage.
    No they have not.

    Be specific. How exactly have they caused economic damage.

  6. #136
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    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.






    You're so worked up you aren't even responding directly. You're just.

    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.

  7. #137
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    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.
    To Libs, that is success.

    Just listen to them.

    It must be sad to support, defend and foment such a perverted ideology. I have no idea how they look their mugs in the mirror in the morning, knowing they are living a lie and saddling future generations with a massive mess.

    Talk about greed... amazing.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  8. #138
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    The most important thing is unemployment.

    People who don't have any money really could care less about debt service or propped up banks, etc. And you do realize that the inflation rate in japan has been averaging just about 0% during the past five years or so don't you?

    If you HONESTLY believe that a nation with zero debt, and nothing "propped up", but which has 50% unemployment is doing well, then you must be from an alternate universe. That debt stuff is simply accounting issues.
    Nonsense.

    Greece had low unemployment when the grew their public sector to unsustainable levels and borrowed money to pay for it all.

    Problem was there are real and substantial consequences to keeping everyone employed through printing and borrowing.

    Look, there's this pretend hypothetical concept pushed forward by people who buy into MMT and then there's reality.

  9. #139
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by radcen View Post






    You're so worked up you aren't even responding directly. You're just.

    Everyone of my post is related to the OP including the one you just spammed

  10. #140
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Venezuela Nationalized almost every significant industry just 14 short years ago.

    Since then productivity in ALL other Financial sectors INCLUDING Oil has dropped considerably.

    To offset budget shortfalls they borrowed and borrowed ( sound familiar ? ) until no creditor in theiir right mind would give them another penny.

    You people claim debt doesn't matter, that a Nation with its own sovereign currency can just print away. Well thats what they've done and now they have the Highest inflation rates in the world.
    Thanks for educating me about Venezuela. We have nothing in common with Venezuela then.

    Inflation in Venezuela is clearly due to declining productivity (which is probably because of communism). We don't have such a problem, and we are not communist. Nor is anyone contributing to this thread advocating for reducing productivity or becoming communist.
    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.

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