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Some people are just wired with a negative mindset. Whatever happens, they will always look for something to complain about. Such people are best ignored.
See post# 45 in this thread. Oh, we don't have trillion dollar deficits but we used to. That's the point of this thread.
So if George Bush would have started out year 1 in his term with a $1.5T deficit, and then went down to $250B after that, you'd be applauding his success, or would you be more than likely calling it for what it would be, which is bull crap?
Quote:
Originally Posted by MTAtech
Moreover, many including myself credit activist monetary and fiscal policy for keeping the economy of five years ago from being a repeat of the Great Depression. Those same people said that the stimulus should have been much bigger at the time and would have had a greater reversal of the bad economy.
Yeah, lots of you guys said welfare stimulates, but cant list one town that gets stimulaed when welfare payments increase.. Why is that?
05-08-2013, 07:54 AM
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n/a posts
Quote:
Originally Posted by TigerLily24
One word for you: "Europe."
Exactly.
Republicans love to blather on about austerity. Which is fine, except that the study they use to justify it was based on - at best - extremely sloppy work, and likely outright academic fraud. They love to ignore the abject failure of deep austerity measures in other countries, which just made their problems even worse.
Gradual, limited cuts and limited revenue increases are how you solve this problem, not the GOP plan to take an axe to the budget and then make things even worse by slashing revenues.
Republicans love to blather on about austerity. Which is fine, except that the study they use to justify it was based on - at best - extremely sloppy work, and likely outright academic fraud. They love to ignore the abject failure of deep austerity measures in other countries, which just made their problems even worse.
Gradual, limited cuts and limited revenue increases are how you solve this problem, not the GOP plan to take an axe to the budget and then make things even worse by slashing revenues.
We just had a percentage cut from future spending and the Fed couldn't handle that.
It was a reduction in growth, not cuts to current spending.
Indiscriminate cuts to programs that are taxpayer facing was done on purpose to rile up taxpayer emotions.
The US would crumble if they had any REAL austerity implemented.
Just look at the outrage when people were told they'd be waiting a bit more to get on a plane.
Republicans love to blather on about austerity. Which is fine, except that the study they use to justify it was based on - at best - extremely sloppy work, and likely outright academic fraud. They love to ignore the abject failure of deep austerity measures in other countries, which just made their problems even worse.
Gradual, limited cuts and limited revenue increases are how you solve this problem, not the GOP plan to take an axe to the budget and then make things even worse by slashing revenues.
Reinhart-Rogoff are honest academicians they just got their Excel formula wrong and it gave them the exact wrong result for the question of whether austerity worked. The argument over whether austerity works is over. It doesn't.
Reinhart-Rogoff are honest academicians they just got their Excel formula wrong and it gave them the exact wrong result for the question of whether austerity worked. The argument over whether austerity works is over. It doesn't.
I didn't need an excel spreadsheet to tell me that.
Look at Europe and you can SEE that it doesn't work after several years of implementation and tightening.
Greece is the poster child of that failed experiment.
What did work was crash and burn and pick yourself up and rebuild.
Iceland.
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Deficit plunges 32%
