View Poll Results: You can't spend your way out of a recession

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  • Agree, you can't (generally)

    42 44.68%
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Thread: You can't spend your way out of a recession

  1. #61
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    The short-term debt we're incurring as a cost of fighting the recession is not very worrisome. What is much more concerning is the long-term component of our deficit, especially entitlements.
    BTW...there IS no "short term deficit". They keep raising the debt ceiling and all this deficit spending is being tacked onto the national debt. Its the equivalent of rolling your car and credit card payments into a homeloan...instead of hurting for a few years you now are stuck paying on them for 30 years.

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    Then how does spending artificially prop up the economy, if not by stimulating growth?



    We have gotten out of recessions before without doing those things.



    Sounds like a good case for another dose of stimulus.



    The short-term debt we're incurring as a cost of fighting the recession is not very worrisome. What is much more concerning is the long-term component of our deficit, especially entitlements.
    BTW...I dont know you so I wont ASSUME you are unemployed, underemployed, or yet another crippled and dependent pet waiting for the government to bail them out. But the tragic reality is that it is the have nots...the failures...those that havent prepared for the present let alone the future, those that wouldnt have a clue as to how to create income that are leading the charge for higher taxes on the wealthy to pay for the crippled and dependent pets. Thats a little scary. Nah...scratch that..its downright idiotic.

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack View Post
    Hogwash. You cant 'spend your way out of a recession'...you merely dig a deeper hole that someone else has to pay for.

    Artificially propping up an economy doesnt stimulate growth. Cutting government, tightening belts, and allowing the private sector to build is the only way to get out of a recession.

    A year after the stimulous packages, the states are back to being out of money, they didnt do anything to fix their problem, and we have another few trillion tacked onto the back end of our national debt...
    You can, but only on an individual consumer level. The only way out of a recession is for more people to have jobs so they can spend money on products that others are making, etc. Throwing money mindlessly at companies that certainly don't deserve it and tacking on billions in porkbarrel projects will do nothing but create long-term debt, like you said. Of course, in the modern liberalized America, nobody cares if their children or grandchildren will be paying for the debt of today, everyone is shortsighted, they want instant gratification.

    But isn't that how we got into this mess in the first place?
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  4. #64
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Cephus View Post
    You can, but only on an individual consumer level. The only way out of a recession is for more people to have jobs so they can spend money on products that others are making, etc. Throwing money mindlessly at companies that certainly don't deserve it and tacking on billions in porkbarrel projects will do nothing but create long-term debt, like you said. Of course, in the modern liberalized America, nobody cares if their children or grandchildren will be paying for the debt of today, everyone is shortsighted, they want instant gratification.

    But isn't that how we got into this mess in the first place?
    In fairness...no...we speculated ourselves into this position. OK...thats IS like your last line...but we the people have to take MOST of the responsibility for the problem AND the solution.

    The problem is...they arent trying to work towards resolving the problem...they are using the problem as an excuse to shoehorn in their social spending agenda. Like Rahm says...never let a disaster go to waste...

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    It can get you out of a recession, but government spending will just lead to another bubble. In this sense, you're not really spending your way out of a recession. You're just delaying the inevitable.
    But given how modern economies work and how consumers actually behave, we're always just delaying the inevitable.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    Of course the government can't spend it's way out of recession. Never has, never will.
    China suggests you are dead wrong. They went from a significant GDP decline and high unemployment to projected 11% growth largely due to massive infrastructure spending. While this is likely creating a valuation bubble, that's another topic.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goobieman View Post
    If you mean government spending, then no. All this does is run up debt, leading to bigger problems down the road.
    Okay genius, tell me, you are stating that government spending for WWII had no impact upon the economy. Furthermore, you are also stating that the rebirth of the German economy prior to WWII was not based on government spending. Furthermore, you are explicitly arguing that China's emergence from its recession had nothing to do with the large stimulus China's government passed.

    You can run away now.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Okay genius, tell me, you are stating that government spending for WWII had no impact upon the economy. Furthermore, you are also stating that the rebirth of the German economy prior to WWII was not based on government spending. Furthermore, you are explicitly arguing that China's emergence from its recession had nothing to do with the large stimulus China's government passed.

    You can run away now.
    Created or saved 2 million jobs. Created or SAVED 2 million jobs. Created or ...SAVED...2 million jobs.

    No new job creation. temporarily avoided layoffs with creating a change in the failed tax and spend policies of local, state and federal governments. Shovel ready projects for businesses with people already employed.

    No new job creation. Governments now deeper in debt. Another trillion or two dumped into the national debt.

    Private sector creates economic growth...NOT the federal government.

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    Re: You can't spend your way out of a recession

    And oh by the way...

    In order for a 'stimulus plan' to work or job creation to be viable, there has to be some form of income generation. Businesses need to be created that can hire new employees and generate additional business opportunites. Revenue...not deficit.

    What our current 'stimulus' plan did was create an additional trillion dollar plus hole.

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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack
    In fairness...no...we speculated ourselves into this position. OK...thats IS like your last line...but we the people have to take MOST of the responsibility for the problem AND the solution.
    I don't think necessarily "we" speculated ourselves into it. Clinton deregulated the financial sector and let the crooks run the show. It isn't like nobody saw this coming, I posted about it regularly a decade ago or so, but people get greedy and when it looks like someone is giving something away for nothing, they buy into it no matter how shady it looks. Lots of people in the financial sector made lots of money and are now living the good life on a beach somewhere. The bottom had to fall out because it was utterly unsustainable. You can't be giving things to people who demonstrably can't afford it, just because they want it.

    The problem is...they arent trying to work towards resolving the problem...they are using the problem as an excuse to shoehorn in their social spending agenda. Like Rahm says...never let a disaster go to waste...
    The problem is, the American people don't want to resolve the problem, they just want to go back to the way it was before the bottom fell out and the politicians know that actually trying to solve the problem would get them thrown out of office. Bush knew it, Obama knows it. The American people don't want financial stability, they want to go back to being able to buy things they don't need and can't afford with money they don't have. Americans have lived in a financial fantasy land for a long, long time, anyone who suggests we need to live within our means is going to get the boot.
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