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Originally posted by MarkT the implication is that TA is full of brilliant economists and historians while Galbraith is a hack. take from that what you will correct me if I'm wrong, but isn't it a particular type of spending that Keynes advocated, namely on 'things' (to be overly simplistic) or things that provided future returns? e.g. investing in infrastructure, education, etc? the idea being that doing so is not merely short term relief or band-aid solution, but rather provides lasting future returns in addition to having an immediate impact (e.g. on employment levels, which has obvious spinoffs benefits) point being that to simply say "during a recession, deficit = bad" is ignoring the nature of that spending.

too bad ehealth, consultants, foreign junkets and god knows what other waste going on doesnt return results....

And how bad is it when the forecast from this year goes from 5 billion to 24 billion in 8 months??? amazing.... until now the record deficit was 12.4 billion under bob rae. The liberals have doubled that within months!!!

I really hope Ontario wakes the fuck up and gives this government the boot, I mean seriously after everything that has happened in the last few months, if he gets re-elected, I will loss all respect for Ontario voters.

I wonder what kind of cuts they are going to make after publicly critising the PC government of the 90's so much?

Dalton Days? Continued attacks on pensions, and a borrage of legislation against the middle class. Remember they cant upset the visible minority Liberal voters.

And I seriously cringe at the thought of more taxes. God I fucking hate Dalton.

Last edited by Sentinal on Oct-23-2009 at 10:53

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Originally posted by DigiNut Just think about the interest on that debt. The higher those payments get, the harder it becomes to get back in the green, and the longer the "recession" will drag on.

Very true, and DBRS cut Ontario's debt rating yesterday following the announcement.

net net though, essentially every province is due to run a deficit this year, and I don't believe a change in power in those governments would result in anything different.

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Originally posted by slingshot It's contrary to the whole Keynesian "prime the pump" philosophies of macroeconomics.

There is one very very big problem with Keynesian economics... NO ONE ACTUALLY DOES IT. I'd totally be down with Keynesian policies IF governments would cut back in good times and save money. That seems to be the part that ALL governments (yes Jayx, even conservative governments) seem to forget. Of course you should be spending money to "prime the pump" during bad times; however, that money should be coming from the surpluses that you squirelled away during the good times.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by VERTiG0 Playa24_7 BILLION DOLLAR DEFICIT

I shouldn't have used the same financial advisor as Nicolas Cage I guess, fack!