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Good luck with that. Half this country wants the government to be the center of their universe, and their primary economic driving force. Not sure there is any going back at this point, besides total and complete economic collapse/reset.
Half? Try nearly all. Just different ideas of where to apply the giveaways.
Dems are for people, and believe that financially healthy people will drive the economy.
R's are for businesses, and still believe that if we give away corporate handouts, that those in control will generously let it trickle down to the people.
But to your comment, I can't think of any major party or politician that is not ALL ABOUT running up the debt. That is one of the few bipartisan things we still have going....
I guess Greenspan was fine when Obama had the worst deficits in history and ran up debt more than any pervious President COMBINED. Greenspan is married to Andrea Mitchell, Far Left NBC (Commiecast) talking head. She is a known, extremely biased Democrat cheer leader.
I guess Greenspan was fine when Obama had the worst deficits in history and ran up debt more than any pervious President COMBINED. Greenspan is married to Andrea Mitchell, Far Left NBC (Commiecast) talking head. She is a known, extremely biased Democrat cheer leader.
Yet another FAILURE by the OP.
Obama ran up too much debt, but to be fair to him, a big chunk of that was because he put Bush/Cheney's ware on the books. So to your point, no, we should not have been "fine with that".
But Trump has taken it to a new level. As for "Perv-ious", I can't tell if you are limiting the discussion to those only prior to Obama (which conveniently eliminates Trump, only), or if you are making reference to him as a Perv, due to his P-grabbing, and *****-mongering. Either way, it conveniently eliminates Trump so you can take your sophmoric swipe at Obama.
Yet another FAILURE by a misinformed Trump-cultist.
The Media and Democrats never have any problem with Deficits and Debt when there is a Democrat in the White House. Another failure by the Communist America haters.
I guess Greenspan was fine when Obama had the worst deficits in history and ran up debt more than any pervious President COMBINED.
Greenspan was not the Fed Chair when Obama was president, but he was the Chair when Bush was president. He actually went in front of the TV cameras to tell people to take advantage of adjustable rate mortgages in 2004 (election year) when he KNEW the rates had nowhere to go that up.
And yes, Bush and his All-GOP government also raised the debt more than all presidents before him combined. With Reagan it was three times as much as all others before him combined.
Political parties not owning up to their past actions guarantee issues will never be solved, they will only be repeated.
Have the Dems (who control the House) decided to cut spending this year? I think the answer to that is a big no!
Saying "but the dems" isnt going to fix the problem.
We need politicians who actually WILL fix it. So far we have only one: Rand Paul. All the rest form both parties will always say "but the other guys".
Dems make no bones about it. They are open about their intention to spend more, but they are also open about collecting more taxes in order to pay for it. Republicans are always talking about balanced budgets etc, but they ALWAYS do the opposite by ramping up spending way more than the revenue.
It's very difficult to push inflation when wages are not rising. The weak Obama "recovery" demonstrated this quite well. Wage growth is not the only thing that can cause a spike in inflation, but it's difficult to support rising costs without consumers with disposable income to spend. Since wages are the largest source of income for the masses, if you want them to support rising demand and costs, they have to have the means to do so. Many consumers have been doing like our government... Debt and spend their way to prosperity. Basically faking it until they are making it.
Theoretical full employment SHOULD lead to rising wages. In a tight labor market workers bid up wages because the demand for workers exceeds supply. Workers then simply demand more money....lest they will sell their labor to the highest bidder.
Inflation caused by low unemployment is the old economic models. Today, inflation is caused mainly by increasing the money supply.
Theoretical full employment SHOULD lead to rising wages. In a tight labor market workers bid up wages because the demand for workers exceeds supply. Workers then simply demand more money....lest they will sell their labor to the highest bidder.
Inflation caused by low unemployment is the old economic models. Today, inflation is caused mainly by increasing the money supply.
You'd think, but that would also be a bit older style think IMO of course.
Our broad middle class is simply not flush with cash. And rising wages have been meager.
The money supply may grow, but the broad middle class has not been the receiver. And subsequently not the over powerful spenders that might drive inflation.
The new moneys are mainly in banks as excess reserves, overseas, and of course much has gone to the rich who tend to save by various means.
IMO we are in a very different low interest, low inflation general economic paradigm. And need to worry about a potential for '70's style inflation, if onerous. And that is resource dependent inflation.
Cost-Push Inflation vs. Demand-Pull Inflation.
Demand pull continues to be thwarted by our vast productivity, along with our so far available cheap foreign goods.
Cost-push is still but a worry. I'm not sure what sector would actually have the power to incite it. I doubt oil this time around. But I no longer think that more money itself will cause onerous inflation.
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