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Wibbins
05-23-2012, 12:17 PM
[]jminuse 3 points 4 minutes ago
Dude, you think about it. Deficit means that this money is not being taken from us in taxes, it is being borrowed from investors. So no, we won't have $1 trillion more, investors who want to buy T-bills will. And this recession has shown amply that in the absence of opportunities to invest, investors will just hold cash (Keynes called this the liquidity trap). Therefore, reducing the deficit is equivalent to reducing output. It has to be done, to maintain investor confidence - and it should have been done in the years 2003 to 2007 - but it can't be done all at once without crippling the economy.
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http://www.reddit.com/r/politics/comments/u0x25/under_obama_federal_spending_rose_at_slowest_pace/c4rdw35


Lol, feel free to read the rest of the democrat love fest that is reddit /politics

Starbuck
05-23-2012, 12:54 PM
I had already read Nuttings article on Marketwatch.
http://http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22?pagenumber=1
I read it and dismissed it as 'fluff'. Obama was supposed to 'stimulate the economy' through stimulus spending. It was up to him to spend money wisely as he said he would. But he didn't. He didn't use that scalpel he talked about and Biden wasn't 'focused like a laser' on the stimulus spending package.

It didn't work. They should have realized that and corrected their spending accordingly.

Wibbins
05-24-2012, 10:50 AM
I had already read Nuttings article on Marketwatch.
http://http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22?pagenumber=1
I read it and dismissed it as 'fluff'. Obama was supposed to 'stimulate the economy' through stimulus spending. It was up to him to spend money wisely as he said he would. But he didn't. He didn't use that scalpel he talked about and Biden wasn't 'focused like a laser' on the stimulus spending package.

It didn't work. They should have realized that and corrected their spending accordingly.

Lol, but did you see the nutty liberal comment about how the stimulus should have been going since 2003-2007? These people just love government spending

noonwitch
05-24-2012, 03:15 PM
Lol, but did you see the nutty liberal comment about how the stimulus should have been going since 2003-2007? These people just love government spending

They only like it if they like what it's being spent on. They are not so big on military spending, for example.