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Or we could try the GOP's plan of reviving the economy by redefining rape.
Well 4 years of government spending to prop up the economy and "jumpstart" the recovery.
How many more years should we give it before trying something else ?
What spin? We cut spending and it slowed growth. Is that hard to understand?
What spending was cut? Spending is NEVER cut with regards to the government. They might spend less than they anticipated, which is ALWAYS more than the year before. But cuts? Did not happen.
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Location: Pine Grove,AL
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Quote:
Originally Posted by HappyTexan
But it's not enough to take over from Government spending that is driving the economy.
So we're dependent on government spending until the private sector really does "recover" to keep the wheels of the system moving.
Recovery by economic terms means you are not at full strength but you are getting there, so we are recovering, "full Recovery" is called Prosperity, and we wont be there in a while.
but i dont disagree with what you are saying, i just feel alot of the people commenting think That a shrink in GDP is the same as it was 4 years ago and its not. Its a totally different situation.
Well 4 years of government spending to prop up the economy and "jumpstart" the recovery.
How many more years should we give it before trying something else ?
I would say until the unemployment rate comes down to 6%. Then start slowly reducing the deficit. Europe has tried austerity. It isn't working.
They whine and complain about defense spending, then when defense spending gets cut they whine and complain about the decline in the economy that results.
What spending was cut? Spending is NEVER cut with regards to the government. They might spend less than they anticipated, which is ALWAYS more than the year before. But cuts? Did not happen.
Good point. A more accurate description is a slowdown in the growth of government spending.
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"everybody getting reported now.."
(set 24 days ago)
Location: Pine Grove,AL
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Quote:
Originally Posted by HappyTexan
Well 4 years of government spending to prop up the economy and "jumpstart" the recovery.
How many more years should we give it before trying something else ?
The GOP plan was to do the same things just spending in different areas and cutting spending in others.
Also, that plan did work since we had a total growth of 2.2% in 2012 instead of a negative growth. that 2.2% was still higher than predicted even with a 4th quarter decline.
They whine and complain about government spending, then when government spending gets cut they whine and complain about the decline in the economy that results.
Interesting how when it's good news, the doom and gloom crowd ( not you) claim the numbers are hosed. When it's bad news, they latch onto it because it proves their convictions.
Any change in government spending has economic consequences.
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...... oh wait, that's due to defense cuts... 
