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Don't watch much Beck. You seem to know all 'bout him. You must watch him quite a bit.
We had more debt in 1971 than we had in 1945.
So maybe Keynes and FDR wanted a system to reduce deficits, but it didn't work.
And deficits do matter.
Well since it appears you have trouble understanding graphs, maybe you'll get this.
"The buildup and involvement in World War II plus social programs during the F.D. Roosevelt and Truman presidencies in the 1930s and 40's caused a sixteenfold increase in the gross debt from $16 billion in 1930 to $260 billion in 1950.
After this period, the growth of the gross debt closely matched the rate of inflation where it tripled in size from $260 billion in 1950 to around $909 billion in 1980."
Well since it appears you have trouble understanding graphs, maybe you'll get this.
"The buildup and involvement in World War II plus social programs during the F.D. Roosevelt and Truman presidencies in the 1930s and 40's caused a sixteenfold increase in the gross debt from $16 billion in 1930 to $260 billion in 1950.
After this period, the growth of the gross debt closely matched the rate of inflation where it tripled in size from $260 billion in 1950 to around $909 billion in 1980."
And you appear to have understanding history. I said June 30, 1945. You're talking about the 1930s.
And your post is all excuses. Keynes and FDR had a plan to keep us out of deficit spending. Instead we went further into debt.
And you appear to have understanding history. I said June 30, 1945. You're talking about the 1930s.
And your post is all excuses. Keynes and FDR had a plan to keep us out of deficit spending. Instead we went further into debt.
Keynes FAILED.
All my post were based on facts.
Now whether you have a problem with comprehension or just because they shatter your ideological world view that's your problem.
Keynes set up a system that helped build the middle class not just in America but in the entire developed world.
And it was Reagan that started the trend toward record deficits and it was under Bill Clinton that the US saw a reduction in its debt along with a surplus in the past 30 years.
Now whether you have a problem with comprehension or just because they shatter your ideological world view that's your problem.
Keynes set up a system that helped build the middle class not just in America but in the entire developed world.
And it was Reagan that started the trend toward record deficits and it was under Bill Clinton that the US saw a reduction in its debt along with a surplus in the past 30 years.
Those are the facts.
Thanks to Newt we had a surplus, not Clinton.
He will be our next President!!!
Why are you so worried about what Beck has to say?
Yet Obama can lie every single day and you say nothing.
Now whether you have a problem with comprehension or just because they shatter your ideological world view that's your problem.
Keynes set up a system that helped build the middle class not just in America but in the entire developed world.
And it was Reagan that started the trend toward record deficits and it was under Bill Clinton that the US saw a reduction in its debt along with a surplus in the past 30 years.
Those are the facts.
Reagan started us on record deficits? LOLs.
The deficits have been going up since 1788. Don't blame Reagan. He just did what all the rest of them did. And Clinton, Bush and Obama have all run higher deficits than Reagan did.
Bill Clinton gave us a surplus? LOLs
1992 US debt was $4,411,488,833,139.38
2000 US debt was $5,674,178,209,886.62
He spent a trillion more than he made. He gave us no surplus. The debt went up every year under Clinton. Those are facts.
Keynes set up a system to reduce deficits. We got record deficits almost every year under his system. Keynes failed.
The middle class was built by middle class people and the industrial revolution.You know, capitalists.
Not by Keynes. Or FDR or anyone else besides the middle class.
Actually, most economist today- even conservative ones(like Milton Friedman) believe it was the poor monetary policy- not massive defecits or FDR programs that prologned the depression. The money supply increased by at least 20% !!!
keynes intended capital investment by feds to be temporary not ongoing.
we changed bek ronald reagan invented his own school of economics.
debt is meaningless. and the american church consumerism was created and the people said amen the mall is open.
I also recommend paying attention to part tre in particular.
Keynes was truly a man ahead of his time.
Lets not wait for 2 global bloodbaths and a Depression before we realize, Keynes foresaw a lot of the problems we have today and crafted solutions for them.
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