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America's Debt = "We're Screwed!" (pg. 30)
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| Krypton |
| Of course the current deficit spending is unsustainable. It was never meant to be sustainable. |
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| Q5echo |
| quote: | Originally posted by Krypton
It was never meant to be sustainable. |
so what exactly are you implying? |
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| Krypton |
| 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. |
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| Capitalizt |
| quote: | Originally posted by Krypton
When the recession is over, then you should expect the government to cut deficit spending in response. |
hahahahahahahahahaha!!!! |
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| Krypton |
| quote: | Originally posted by Capitalizt
hahahahahahahahahaha!!!! |
I didn't say they would, I said it should be expected. |
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| Q5echo |
| 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. |
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| jerZ07002 |
| 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. |
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| Q5echo |
| 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".:rolleyes: i say they're striking while the iron is stupid. |
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| jerZ07002 |
| quote: | Originally posted by Q5echo
i heard some talking heads say "the Dems are striking while the iron is hot".:rolleyes: 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 |
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| Lilith |
| Well... that second bounce was a doozy! |
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| zookeeper |
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! |
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| Shakka |
| Greatest thread ever. |
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