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Its not my fault if you dont have a basic comprehension of economics and have to rely upon talking points to make an argument. If you get insulted by me pointing that out then maybe you need to question why you think it in the first place.
The Dems score another victory .... and the Repubs are whining .... as usual.
Face it .... your side has done nothing but b-tch and moan for the past 5 years, and meanwhile, Obama and the Dems still managed to pull this country out of the Great Recession even with Repubs blocking their path nearly every step of the way.
I think both 2014 and 2016 are beginning to look real good for the Dems!
It will be seen as a Dem victory whether it is true or not, and that seems to cause some heads explode around here. The GOP lost the fight when they tried to blame Dems for the pain caused by the Sequester, tax cut expiration etc, and now it turns out that those measures turned the tide.
The article spelled it out, so why do you have to take that tone?
"You guys"? Show me where I took credit for anything. I am not even a Democrat. As for the GOP Congress, whoever made the comment is correct. The GOP Congress has done everything in their powerto make recovery more difficult. They should be ashamed of themselves.
It will be seen as a Dem victory whether it is true or not, and that seems to cause some heads explode around here. The GOP lost the fight when they tried to blame Dems for the pain caused by the Sequester, tax cut expiration etc, and now it turns out that those measures turned the tide.
It must take a genius of all sorts to recognize that cutting spending results in lower deficits. Something you guys have been objecting to for years now, and calling for more spending, calling it "stimulations". Now of course you're all surprised by common sense.
It depends upon how much is cut. But the belief that cutting doesn't have any effect on the economy is economic voodoo.
Let's review some economics:
where:
C = private consumption
I = gross investment
G = government spending
X = exports
M = imports
When "G" is reduced, GDP is reduced as well.
Regarding what we are discussing, the sequester is cutting government spending. As such, it necessarily drops GDP.
It seems that you are the one that needs the economics lesson because the GDP could go 10x as high as it currently is and we still wouldnt be better off if the value of the dollar falls 1/15th due to higher debt.
Once again, all of that debt results in negiative gdp growth in the future because the interest needs to be paid, and eventually the debt repaid, even if it by new debt.
Typical MTA, finds one part of an equasion and pretends it represents the sum..
Tell me MTA, have you found one town yet that has a boombing economy due to increased welfare spending? It cant be that difficult to find a real life example of the results of your economic voo do crap knowledge.
It seems that you are the one that needs the economics lesson because the GDP could go 10x as high as it currently is and we still wouldnt be better off if the value of the dollar falls 1/15th due to higher debt.
Once again, all of that debt results in negiative gdp growth in the future because the interest needs to be paid, and eventually the debt repaid, even if it by new debt.
Typical MTA, finds one part of an equasion and pretends it represents the sum..
Tell me MTA, have you found one town yet that has a boombing economy due to increased welfare spending? It cant be that difficult to find a real life example of the results of your economic voo do crap knowledge.
First, the dollar hasn't fallen in recent times, so that makes your first argument moot.
Second, the debt does not result in 'negative GDP.' Think of it this way, the economy is operating at below potential GDP. As such, there are idle resources and lots of uninvested money. Thus, when the government borrows that uninvested money it is not crowding out private investment.
Third, the borrowed money puts people to work and employs people who then spend their earnings. Those earnings buy goods and services that put others to work. All of those workers pay taxes they weren't otherwise paying, that more than pays for the interest on the original borrowing.
Quote:
Originally Posted by Loveshiscountry
GDP is as worthless as the CPI you love to quote. It doesn't take into account quality and now GDP has been redefined again. GDP is a joke.
'GDP is worthless and the CPI is fudged.' Doubling down on economic voodoo.
Who's whining? Pointing out that Democrats projected that the economy was going to crash due to the sequester, that jobs were going to be lossed, etc isnt whining. You dont like me pointing out how your economic theories are not only wrong, but utterly stupid, tough.
The economy will grow when GOVERNMENT stops interjecting itself into the economy. So if you are now saying Republicans are responsible for that stoppage, crediting Democrats is pretty dam dumb.
Our recovery is happening because Obama and the Dems worked hard at making it happen!
The annual deficit is down because Dems fought against extending Bush tax cuts for the wealthy.
You remember ... those tax cuts which started shortly after Bush took office ... which helped to run up our current 16 Trillion Nation Debt?
Before the tax cuts, the highest marginal income tax rate was 39.6 percent. After the cuts, the highest rate was 35 percent. Once the cuts were eliminated for high income levels (single people making $400,000+ per year and couples making $450,000+ per year), the top income tax rate returned to 39.6 percent.
It was predicted that there would be a large tax revenue this year as people sold to get the cap gains before it changed.
Just don't expect as big a revenue next year though.
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