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There is real suffering now, it must be alleviated, not worsened due to the fear of some future bogeyman. Plus, the economy recovering will stimulate tax revenues as well, thus paying down some of that debt ala the 90s or after WW2, when the health of the economy erased our enormous war debt.
Since you dont understand Keynes, maybe you can tell me how growing debt which further demands taxing people, alleviates suffering.
Nothing new about it, it's basic Keynes. In times of economic retraction, where businesses are hoarding cash and people aren't investing, it falls on the government to stimulate economic activity.
There is definitely something new about it, Keynes lived in the early-mid 20th century. You obviously didn't read his book because he said government's should also save during boom times, those savings are to be used to stimulate the economy. Our government's frame work of economic decision making is called neo-Kenyesianism which is a combination of monetarism and keynesianism. Keynes would think our economic policies are totally asinine.
There is definitely something new about it, Keynes lived in the early-mid 20th century. You obviously didn't read his book because he said government's should also save during boom times, those savings are to be used to stimulate the economy. Our government's frame work of economic decision making is called neo-Kenyesianism which is a combination of monetarism and keynesianism. Keynes would think our economic policies are totally asinine.
Bingo.
Keynes said that the government should have surpluses and savings during periods with high growth and low taxes and high spending during recessions and then raise taxes to pay off any debts during the recovery period.
What the US (and much of Europe) has is moderate deficits during growth periods, large deficits during sluggish periods, and massive deficits during recessions and taxes rates that are all over the place.
Congratulations, government. You have managed to anger both Keynesian and Classical economics. Oh, with the exception of Paul Krugman, but Krugabe doesn't count.
You dont even understand Keynes economics because it actually DOES care about debt.. In fact its basis is actually SURPLUSES in good years..
And yet he was talking about "In times of economic retraction". Thus this is an unprovoked, out of context outburst. At least you got something about his theory correct.
And yet he was talking about "In times of economic retraction". Thus this is an unprovoked, out of context outburst. At least you got something about his theory correct.
What didnt I get correct? And whats unprovoked, he stated something wrong, I corrected him..
The basis of Keynesian economics is simple. It assumes , going all the way back to Malthus and his hoarding concerns, that the government should spent the surplus that for whatever reason individuals are not using. Financial bottle necks were a primary focus.
If a grain tower is stuffed and no one is buying, as they try to conserve calories by staying in bed all day, should da guberment tax it and spend it rather than let rats eat it? Seems logical.
Is it a misunderstood, potentially abused, and a possibly dangerous excuse for da guberment power grab? Of course it is. Its da guberment. That's why I am no Keynesian. How about regressive relief from taxes and the FIRE sector exploitation and put money in the hands of workers and those with the propensity to consume? I'd rather send a $1000 check to everyone than to leave it to da guberment to figure out what to do with the surplus. And no, the faux debt isn't an issue if it activates the work force. So how about we shift taxes off labor an on to sleepy time wealth for a change?
The basis of Keynesian economics is simple. It assumes , going all the way back to Malthus and his hoarding concerns, that the government should spent the surplus
I stopped here.. You mean THE EXACT SAME THING I SAID?
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And whats unprovoked, he stated something wrong, I corrected him.. 
