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For the public sector to be in deficit implies that the private sector (domestic and foreign) is in surplus. An increase in public indebtedness must necessarily therefore correspond to an equal decrease in private sector net indebtedness. In other words, deficit spending permits the private sector to accumulate net worth.
Lies, absolute lies. GW ran deficits in the same years the private sector was borrowing far faster than it was growing.
When has money supply growth been below 10% and economic Growth above 10% since 1980? When?
Location: By the sea, by the sea, by the beautiful sea
68,327 posts, read 54,350,985 times
Reputation: 40731
Quote:
Originally Posted by hawkeye2009
You see, of course, the liberals have no rational answers to this question, as there is no rational answer. It is amazing to me that liberals simply call names and try to rationalize bad decisions by comparison to other bad decisions. Thier "answer" is to blame other fiscally irresponsible republicans and offer no solution or even acknowledge that we are on the path to destruciton. The old Keynesian answer was, " we will grow ourselves out of debt" with increased GDP. We now know that is utter nonsense.
The fact is that continued deficit spending, which all liberals embrace, will result in the economic collapse of the US. Even with that realization, liberals continue to demand deficit spending with no end in sight.
Oddly, all the social programs and social "safety nets" will be the first things to go with higher and higher deficits. In effect, the libs are hanging themselves with poor fiscal policy which ensures the end of the "votes for treats" program which has kept them in power.
The real truth is it's pure BS thinking the economy can be explained/predicted using nothing but mathematics.
We hear all the time how commodities markets sink/soar based on hopes of peace/fears of war.
How consumer confidence affects spending(the economy)
Just how do you self-Righteous amateur economists propose things like that be quantified?
Which just in case you're totally clueless would be a necessary step in explaining the economy using nothing but mathematics.
The real truth is there is no rational answer to an irrational question such as the one that started this thread.
Pity you whiney-righties can't understand the simple truth.
I got an idea lets give major tax breaks to those that are making billions in profits and raise taxes on those darn poor and middle class people .That should solve all the problems, i think, i hope ....
The real truth is it's pure BS thinking the economy can be explained/predicted using nothing but mathematics.
We hear all the time how commodities markets sink/soar based on hopes of peace/fears of war.
How consumer confidence affects spending(the economy)
Just how do you self-Righteous amateur economists propose things like that be quantified?
Which just in case you're totally clueless would be a necessary step in explaining the economy using nothing but mathematics.
The real truth is there is no rational answer to an irrational question such as the one that started this thread.
Pity you whiney-righties can't understand the simple truth.
Confidence (delusion) can indeed prolong or shorten trends. But it cant remove reality. It can only delay recognition of the facts.
I dont know how long it will take Obama to destroy America, whether it will happen in 2012, 2015, or even take until his successor. However, it will happen before the decade is out.
Location: By the sea, by the sea, by the beautiful sea
68,327 posts, read 54,350,985 times
Reputation: 40731
Quote:
Originally Posted by LondonAreaWeatherSummary
Confidence (delusion) can indeed prolong or shorten trends. But it cant remove reality. It can only delay recognition of the facts.
I dont know how long it will take Obama to destroy America, whether it will happen in 2012, 2015, or even take until his successor. However, it will happen before the decade is out.
In other words you have NO answer to how we could quantify things that affect the economy, making the idea of explaining the economy using ONLY mathematics a fairy tale or a fool's errand. Take your pick.
As can clearly be seen...the liberals have no answer to the question. Likely, they don't even understand it, or they can't find the answer in their 'guide'.
In other words you have NO answer to how we could quantify things that affect the economy, making the idea of explaining the economy using ONLY mathematics a fairy tale or a fool's errand. Take your pick.
Its useless in timing bottoms. Its very useful in telling me the US is running an unsustainable PONZI scheme, and China is actually growing.
The real truth is it's pure BS thinking the economy can be explained/predicted using nothing but mathematics.
We hear all the time how commodities markets sink/soar based on hopes of peace/fears of war.
How consumer confidence affects spending(the economy)
Just how do you self-Righteous amateur economists propose things like that be quantified?
Which just in case you're totally clueless would be a necessary step in explaining the economy using nothing but mathematics.
The real truth is there is no rational answer to an irrational question such as the one that started this thread.
Pity you whiney-righties can't understand the simple truth.
Spin..Spin..Spin....here we have another example of how the left answers questions where the answers show them to be ignorant. They SPIN it in a different way...and never actually give an answer.
I laugh at this because it is the usual liberal tact.
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