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IWETHEY Home / IWETHEY Board / News Picks Forum / I'll disagree.
Post #67,148
by Brandioch
12/6/02 1:47:56 PM
Reply
New I'll disagree.
Much as I dislike the moron, Shrub is not really at fault in the budgetary crunch.
So, we have a poor economy and Bush is increasing spending.

That sounds like his fault to me.

Wouldn't a BETTER approach be to REDUCE government spending?
Post #67,160
by ChrisR
12/6/02 2:45:59 PM
Reply
New Not from a Keynesian perspective
Wouldn't a BETTER approach be to REDUCE government spending?


If one were of the notion of using deficit spending as an economic stimulus, it is exactly during times of recession that you want to go in the red. Of course, one can argue the kinds of stimuli that Bush is using (tax cuts for the wealthy, military, etc...) are the wrong way to approach to priming the economic pump. But that does not mean that governments should not increase deficit spending during the bust of the cycle.
Post #67,161
by Brandioch
12/6/02 2:49:03 PM
Reply
New Good point.
Post #67,284
by ben_tilly
12/7/02 9:13:56 AM
Reply
New No
It was Clinton's fault for spending money he didn't have when he didn't need to spend it.

But in a poor economy, the government is SUPPOSED to up its spending (part of why it shouldn't overspend when the economy is fine), and many of the increases will happen for reasons that are out of the control of the administration of the moment. (People lose jobs, and then land in the government support networks. That takes a lot of government money.)

Cheers,
Ben
"Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly."
- [link|http://www.nationalinterest.org/issues/58/Mead.html|Walter Mead]
     Okay... now... who said the ECONOMY... - (folkert) - (37) - Dec. 4, 2002, 12:37:54 PM EST
         Shhh.... - (bepatient) - (2) - Dec. 4, 2002, 02:18:33 PM EST
             EOY budget spending -NT - (boxley) - (1) - Dec. 4, 2002, 02:41:28 PM EST
                 I doubt it, those number are to big for that. -NT - (folkert) - Dec. 4, 2002, 04:27:17 PM EST
         It looks promising. - (Brandioch) - (1) - Dec. 4, 2002, 04:43:01 PM EST
             why pay goes up - (tablizer) - Dec. 9, 2002, 11:59:53 PM EST
         I did - (ben_tilly) - (4) - Dec. 5, 2002, 12:17:51 AM EST
             you will not see inflation any time soon - (boxley) - (3) - Dec. 5, 2002, 12:37:04 AM EST
                 The question that I have then... - (ben_tilly) - (2) - Dec. 5, 2002, 12:44:50 AM EST
                     Much like Japan is now - (boxley) - (1) - Dec. 5, 2002, 08:28:32 AM EST
                         One catch - (ben_tilly) - Dec. 5, 2002, 06:16:14 PM EST
         Yeah that &#% Clinton and his - (Ashton) - (23) - Dec. 5, 2002, 04:12:21 AM EST
             Must you bring up the "Bad Old Days"? - (mmoffitt) - Dec. 5, 2002, 04:18:33 PM EST
             what surpluses? Never happened -NT - (boxley) - (21) - Dec. 5, 2002, 04:19:52 PM EST
                 1998 and 1999, for example. - (mmoffitt) - (19) - Dec. 5, 2002, 04:23:07 PM EST
                     Just because you can - (imric) - Dec. 5, 2002, 04:26:42 PM EST
                     nope, ya forgot the payroll tax -NT - (boxley) - Dec. 5, 2002, 05:12:32 PM EST
                     Not if you counted social security - (ben_tilly) - (15) - Dec. 5, 2002, 06:13:31 PM EST
                         I'll disagree. - (Brandioch) - (3) - Dec. 6, 2002, 01:47:56 PM EST
                             Not from a Keynesian perspective - (ChrisR) - (1) - Dec. 6, 2002, 02:45:59 PM EST
                                 Good point. -NT - (Brandioch) - Dec. 6, 2002, 02:49:03 PM EST
                             No - (ben_tilly) - Dec. 7, 2002, 09:13:56 AM EST
                         Do deficits really matter when there is no chance that ... - (mmoffitt) - (10) - Dec. 9, 2002, 10:52:12 AM EST
                             in sheer dollars its huge, as a % of GNP - (boxley) - Dec. 9, 2002, 11:05:49 AM EST
                             Yes - (ben_tilly) - (8) - Dec. 9, 2002, 11:16:15 AM EST
                                 Leverage - (bepatient) - (7) - Dec. 9, 2002, 11:39:48 AM EST
                                     Nah, that's what the nukes are for. -NT - (mmoffitt) - (1) - Dec. 9, 2002, 01:48:55 PM EST
                                         Novel approach to calculating a D/E ratio, I suppose. -NT - (bepatient) - Dec. 9, 2002, 02:30:22 PM EST
                                     But note... - (ben_tilly) - (4) - Dec. 9, 2002, 03:27:36 PM EST
                                         Yes. We have quite the pyramid scheme going, don't we? -NT - (mmoffitt) - (3) - Dec. 9, 2002, 06:48:29 PM EST
                                             Think you may need to revisit some definitions. - (bepatient) - (2) - Dec. 9, 2002, 09:34:26 PM EST
                                                 Happily I majored in Mathematics. - (mmoffitt) - (1) - Dec. 9, 2002, 11:49:05 PM EST
                                                     Well it is! - (bepatient) - Dec. 10, 2002, 06:39:33 AM EST
                     Moff, you have your eyes in a blender -NT - (wharris2) - Dec. 6, 2002, 11:20:49 AM EST
                 But I got a check for $375! - (tuberculosis) - Dec. 6, 2002, 11:10:00 AM EST
         Who? - (Silverlock) - (2) - Dec. 6, 2002, 02:08:18 PM EST
             By the way... - (inthane-chan) - (1) - Dec. 6, 2002, 02:29:48 PM EST
                 Re: "very strange" - (Silverlock) - Dec. 6, 2002, 02:34:04 PM EST

All that did was remind me of the fruit in the "Sledgehammer" video by Peter Gabriel.
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