View Poll Results: Does governnent spending produce economic growth?

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  • Yes

    241 68.08%
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    13 3.67%
  • Sometimes

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

  1. #81
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    In addition to my regular job, I have been trying to develop a business. I have noticed two years in a row now that I experience a great boost in sales after people get income tax refunds. Now I realize that in that case, mostly people are simply getting back their own money. But it makes me wonder, does government spending produce economic growth? If I understand them correctly, some say that this is never true. What do you think?
    Sometimes.

    Many talk of tax returns. Yes, in most cases that is giving money back, but also factor in the government employees who administer that stuff. Now, would they have another job if the government didn't provide this job? Probably, but it's anybody's guess whether it would be a better job or not.

    Think also of things like infrastructure improvements, i.e. road/bridge building. Not only does that provide economic growth with the project itself, but the benefit lives beyond the initial building and helps foster private enterprise by making their work easier and more efficient. So, in that sense, it's indirect but still helps foster economic growth.
    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.

  2. #82
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by joG View Post
    "the price of Bonds though shares" was supposed to mean "the prices for many or even most financial assets" have gone up because the FED has been pumping money into the markets leading to vast miss-allocation of resources.
    OK, I see what you mean. The so called point of that exercise was to put money into the economy. At least that's what they say. The rationale given was that by buying the toxic securities banks would start lending again. Although it did raise asset prices, the banks sat on the money and fattened their balance sheets, and although the increase in asset prices may have had an effect on jobs, it mostly increased the wealth of the upper class. In other words the banks and corporations mostly took the money and enriched themselves while passing on little in the benefit of wages. Therefore we see that although corporate profits rose and bank balance sheets increased, wages have declined.

    http://www.nytimes.com/2014/04/05/bu...lide.html?_r=0

    CORPORATE profits are at their highest level in at least 85 years. Employee compensation is at the lowest level in 65 years.

    The Commerce Department last week estimated that corporations earned $2.1 trillion during 2013, and paid $419 billion in corporate taxes. The after-tax profit of $1.7 trillion amounted to 10 percent of gross domestic product during the year, the first full year it has been that high. In 2012, it was 9.7 percent, itself a record.
    ...
    The Commerce Department also said total wages and salaries last year amounted to $7.1 trillion, or 42.5 percent of the entire economy. That was down from 42.6 percent in 2012 and was lower than in any year previously measured.
    That said, the real reason MAY have been more dubious. That is, it was simply a scheme to rescue the financial institutions, because although the Fed saw this happening, they continued to do it.

    The thing is this, that although asset prices did increase as you have indicated as a result of such purchases, those toxic purchases still sit on the Feds balance sheet. As that is the case, the money came from no where. No one is paying for it. Rather the wealthy are enriching themselves from it. And because no one is paying for it, that is why people still buy U.S. debt and dollars are still accepted.

  3. #83
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by zimmer View Post
    No... the paragraph was aimed directly at Demokrats.
    You say that but you also said that Republicans don't believe debt is a problem.

    Not only that but you have put forward Ronald Reagan as a model for fiscal responsibility. But that is contradictory because Reagan doubled and tripled deficit spending and INCREASED THE DEBT BY TRILLIONS OF DOLLARS.

    Don't forget Dick Cheney

    Reagan proved that deficits don't matter.
    Yep, Ronald Reagan proved deficits don't matter. Not a Democrat, but a Republican.

  4. #84
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    In addition to my regular job, I have been trying to develop a business. I have noticed two years in a row now that I experience a great boost in sales after people get income tax refunds. Now I realize that in that case, mostly people are simply getting back their own money. But it makes me wonder, does government spending produce economic growth? If I understand them correctly, some say that this is never true. What do you think?
    The US Gov't spent $7 trillion bailing out Big Banks and Wall Street. Did that work. Well it made Wall Street and Banks richer and fewer jobs and a poor economy. The targeting of gov't spending is the important part. Most goes to banks and the MIC. It should go to infrastructure. I'm a Green, ergo Renewabel/Alternative Energies come to mind.

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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by DaveFagan View Post
    The US Gov't spent $7 trillion bailing out Big Banks and Wall Street. Did that work. Well it made Wall Street and Banks richer and fewer jobs and a poor economy. The targeting of gov't spending is the important part. Most goes to banks and the MIC. It should go to infrastructure. I'm a Green, ergo Renewabel/Alternative Energies come to mind.
    Agreed. I really think that we should greatly increase our solar energy infrastructure. Infrastructure and education would be very good places to put the printing presses to work.

  6. #86
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by radcen View Post
    Sometimes.

    Many talk of tax returns. Yes, in most cases that is giving money back, but also factor in the government employees who administer that stuff. Now, would they have another job if the government didn't provide this job? Probably, but it's anybody's guess whether it would be a better job or not.

    Think also of things like infrastructure improvements, i.e. road/bridge building. Not only does that provide economic growth with the project itself, but the benefit lives beyond the initial building and helps foster private enterprise by making their work easier and more efficient. So, in that sense, it's indirect but still helps foster economic growth.
    Yep infrastructure as you have pointed out AND education should be the way to do it.

  7. #87
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Why does it have to come from somewhere?

    There's a difference between real wealth and " Stimulus " which is either borrowed or printed.

    Look, the " Keynesians Fiscal stimulus to increase aggregate demand " narrative has been exposed as a failure.

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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    There's a difference between real wealth and " Stimulus " which is either borrowed or printed.

    Look, the " Keynesians Fiscal stimulus to increase aggregate demand " narrative has been exposed as a failure.
    OK, let's hear it in your own words. You have got the mic, SHOWTIME!!!!

  9. #89
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Yep infrastructure as you have pointed out AND education should be the way to do it.
    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.

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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.
    Same as the US. The Fed is the only one buying US Treasuries.

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