- Joined
- Jun 23, 2009
- Messages
- 133,631
- Reaction score
- 30,937
- Location
- Bagdad, La.
- Gender
- Male
- Political Leaning
- Very Conservative
Cliches don't fix things either.
Cliches like, "Hope and Change"?
Cliches don't fix things either.
Not exactly, no. It would force the government to stop spending.
No, you implied that cutting taxes was bad. And since you focused on the fantasy benefits of spending borrowed money...
You're wrong, it would force them to repriortize spending. It's just like running a business. If a companies revenues go down, they have to decide which things that they're not going to spend money one. This is the same thing.
Armed people raising money?
They perhaps wont go down to the local bank with an M1A1 asking for withdrawls will they?
The government is not a business.
Not exactly, no. It would force the government to stop spending.
Yes, it would. It would force Congress to priortize spending.
The government is not a business.
US Treasury asks Congress to lift debt ceiling
Just say NO Congress. You were given the House to stop this train wreck. Get to it!
Not that simple... Congress needs more money to create more needed jobs (infrastructure, dams, etc.) to keep priming the motor, without it, the country would lose all the advances it has made. It's about more charity. It's about doing something NOW, not just hoping the economy will recover by itself. Never has never will.
Maybe, just maybe congress will finally do what the people voted for them to do, not play political gotcha ya ya ya games like little children.
ricksfolly
Let's get reality out of the way: The debt ceiling will be raised. End of story.
Federal Government revenue as a percentage of GDP is still at historic lows. In a normally functioning economy, revenue as a % of GDP > 18%, more specifically it should be 19.5%.
Government Revenue as a % of GDP as a function of time
Cutting spending to reflect revenue during this stage of the recovery will definitely send us crashing back to not just a recession, but a full out depression. Given that the deficit is around 12.5% of GDP, cutting that to zero will reduce GDP roughly by that amount. The empirical relationship of GDP and unemployment states that this will push the U-3 unemployment average just over 15%, and the U-6 measurement (that partisans have taken a liking to) just north of 23%.
Is this the egg you want to crack?
Congress passed over a trillion dollars worth of job creation bills. How did that work out for us?
The government can't create jobs.
Government spending isn't going to fix the economy. We've spent more than a trillion dollars over the past two years and the economy is still in the ****ter and unemployment is still going up. The notion tht the government can fix the economy is fantasy, not reality.
If deficit spending did not happen, we would be in a much worse position. Consider the composition of national product accounts, more specifically government spending's role in gross domestic product.
riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight!!! yeah, ok! :lamo
Quality response!
I responding to the post. :lamo
Ok, deficit spending is good? Nancy just got done saying that it's bad and she was all about ending the practice. You really need to stay up to date on your talking points.
Government spending isn't going to fix the economy. We've spent more than a trillion dollars over the past two years and the economy is still in the ****ter and unemployment is still going up. The notion tht the government can fix the economy is fantasy, not reality.
No need to create a strawman in this particular argument, even fallacies cannot save you from the ridiculusness of your comment. Without increased (because we were already in the red) deficit spending during the contraction, total GDP would additionally have fallen by that amount (about a trillion bucks). My statements are confirmed by national product accounts. You are merely speaking out of ignorance.
I am not sure you are following what he is saying. GDP is ~14.1 trillion(World Bank, World Development Indicators - Google public data.) Federal spending is 6.7 trillion(Government Spending in United States: Federal State Local 2011 - Charts Tables History). What do you think the effect of removing spending equal to 45 % of GDP would be?
If you just look at deficit, it is at ~1.7 trillion according to wiki. Do you think reducing spending by just that 12 % of GDP will hurt the economy? If the economy crashes, what do you think that will do to the deficit?
Oh, I'm following what he's saying. He's claiming that government spending saved the economy and it's bull****.
Oh, I'm following what he's saying. He's claiming that government spending saved the economy and it's bull****.