Of course the current deficit spending is unsustainable. It was never meant to be sustainable.

quote:

Originally posted by Krypton It was never meant to be sustainable.

so what exactly are you implying?

quote:

Originally posted by Q5echo so what exactly are you implying?

That the deficit spending is going to get cut. We'r in a recession and the government is following a Keynesian fiscal policy which dictates increased deficit spending during a recession. When the recession is over, then you should expect the government to cut deficit spending in response.

quote:

Originally posted by Krypton When the recession is over, then you should expect the government to cut deficit spending in response.

hahahahahahahahahaha!!!!

quote:

Originally posted by Capitalizt hahahahahahahahahaha!!!!

I didn't say they would, I said it should be expected.

quote:

Originally posted by Krypton That the deficit spending is going to get cut. We'r in a recession and the government is following a Keynesian fiscal policy which dictates increased deficit spending during a recession. When the recession is over, then you should expect the government to cut deficit spending in response.

whether this is the right or wrong approach, it looked as if you might have meant something else.

quote:

Originally posted by Capitalizt hahahahahahahahahaha!!!!

unfortuantely, I think you are right. Obama is trying to do too much in this period that requires large upfront capital expenditures.

The only way out of this is through a tax increase. Cutting military expenditures is probably the best way to reduce spending, but our politicians and republicans are content with blowing away tax revenue on unnecessary military technology.

quote:

Originally posted by jerZ07002 unfortuantely, I think you are right. Obama is trying to do too much in this period that requires large upfront capital expenditures. The only way out of this is through a tax increase. Cutting military expenditures is probably the best way to reduce spending, but our politicians and republicans are content with blowing away tax revenue on unnecessary military technology.

i heard some talking heads say "the Dems are striking while the iron is hot". i say they're striking while the iron is stupid.

quote:

Originally posted by Q5echo i heard some talking heads say "the Dems are striking while the iron is hot". i say they're striking while the iron is stupid.

lol - i remember obama talking about re-instituting the pay-go rules.

http://www.barackobama.com/issues/f...ex_campaign.php

Well... that second bounce was a doozy!

Well, well, well, here we are, 5 years later....

I am speechless...we saw this on the horizon and did nothing. I am enjoying reading where my thoughts were in 2006. Thank you for the bump, I think this thread will find new life!

Greatest thread ever.