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Go ahead, kindly enlighten us as to why it's wrong. Be brief will you? You sound so certain.
Americans once saved, so we financed our own bonds (during WW2). Americans then repaid themselves. Today we don't save, so foreign investors provide the capital. That money will have to be repaid, and Americans in future generations will have to work to repay foreign people.
And this is all the fault of Keynes? Which of Keynes' books or essays led us to this?
When did Republican Presidents (historically the budget busters) subscribe to Keynesian economics?
And this is all the fault of Keynes? Which of Keynes' books or essays led us to this?
Keynesians use his theory of "the government spending can help....." ideology to push for more government and socialism. Keynes himself was a Leftist and socialist. Wasn't he a part of the Fabian communist indoctrination school, the "London School of Economics"?
We see Obama and people like Rahm Emanuel ("never let a crisis go with exploiting it") using the current crisis to justify spending, which provides them the cover to push socialism.
If your going to make a point make it a valid one.
Sorry, you in fact make my point for me.
Quote:
Originally Posted by lamexican
Don't you mean modern republicans don't believe in paying down the debt?
Quote:
Originally Posted by lamexican
Yes it is applicable as it shows that under all Presidents since ww2 except the last three republicans the economy has grown more then the debt.
First you claim that republicans don't "pay down the debt", logically inferring that Democrats do. Then you state that "except the last three republicans" decline of debt percentage is due to growth in GDP (not actually "paying down the debt"). So which is it?
If you are trying to argue that one group of crooks is actually more fiscally responsible than the another, good luck.
First you claim that republicans don't "pay down the debt", logically inferring that Democrats do. Then you state that "except the last three republicans" decline of debt percentage is due to growth in GDP (not actually "paying down the debt"). So which is it?
If you are trying to argue that one group of crooks is actually more fiscally responsible than the another, good luck.
Obviously math was not your strong subject in school.
The total accummulated US debt never DECREASED in any year according to your stupid little chart. Sure, in some years it didn't go up as much as others, but the net change from year to year was always POSITIVE.
Also curious that you've got presidents names scribbled in. I case you haven't read the constitution lately, congress is the one that controls spending, not the president. I wonder what that chart would look like redrawn colored by congressional control instead.
But you still miss the point. The total US Debt has done nothing but increase every stinking year, yet you only see it as a petty partisan game. "my side didn't spend as much as the other". No wonder this country has hit an iceberg.
Obviously math was not your strong subject in school.
The total accummulated US debt never DECREASED in any year according to your stupid little chart. Sure, in some years it didn't go up as much as others, but the net change from year to year was always POSITIVE.
Also curious that you've got presidents names scribbled in. I case you haven't read the constitution lately, congress is the one that controls spending, not the president. I wonder what that chart would look like redrawn colored by congressional control instead.
But you still miss the point. The total US Debt has done nothing but increase every stinking year, yet you only see it as a petty partisan game. "my side didn't spend as much as the other". No wonder this country has hit an iceberg.
Hey let me bring you up to date. We have a TWO party system and one claims to be the most fiscally responsible even though there is no evidence of it. So if you think that addrressing a widely believed lie is a game then you are only avoiding the subject. Everyone knows that both parties are overrun with crooks and not being able to move past that point seems to be where you run short. The subject of the thread is Keynesian economics right. The opposite of Keynes is supply side economics right. So if we look at the charts and factor in when our economy was Keynes and when it was supply side then we can dispell the first misinfo about KEYNES right.
Keynesians use his theory of "the government spending can help....." ideology to push for more government and socialism. Keynes himself was a Leftist and socialist. Wasn't he a part of the Fabian communist indoctrination school, the "London School of Economics"?
We see Obama and people like Rahm Emanuel ("never let a crisis go with exploiting it") using the current crisis to justify spending, which provides them the cover to push socialism.
Wait wait, wasn't it Bush who nationalized the banks?
Please cite the publication where Keynes advocates socialism. I must have missed that essay.
So, in a nutshell, the liberals tend to lean toward Keynesian economics and the conservatives tend to lean toward Austrian.
I have known about the latter and agree with it hugely.
Maybe I am misinformed but the former reminds me of what Obama is doing.
Thanks for y'alls help!
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