Bruce Kennedy Loc: Kansas

Another Conservative (useless i***t).

jonhatfield Loc: Green Bay, WI

He's not conservative...he's radical--and, of course, still a useless i***t...and an empty bag.

cant beleve Loc: Planet Kolob

More cut and paste

Bruce Kennedy Loc: Kansas

:thumbup: :thumbup: :thumbup:

jonhatfield Loc: Green Bay, WI

This "paster" thinks he's a "cut above" prog/libs in ability to understand. :P ;-)

cant beleve Loc: Planet Kolob

I'm not even a liberal. I'm just me and thats more irritating to this pedantic jerk.

emarine

jonhatfield Loc: Green Bay, WI

I'm not either...nor are several others on the OPP forum who jibe at the right wing extremists because they're such jerks. Sometimes I think they've turned me into a jerk from my knee-jerk responses to them. ha.

Actually "these people" are perhaps nice people aside from their weird political ideas and fanaticisms.

emarine

Maybe... but extreme is extreme.... patriot or terriorest

Bruce Kennedy Loc: Kansas

:thumbup: :thumbup: :thumbup:

The Dutchman

Wow! what a bunch of mindless ranting from those progressive / liberals lacking any ability to understand.

emarine

Can you say bah bah now

bobgssc

It seems so obviously stupid when viewed as an individual. As soon as he went into office and actually started laying out his big plan on getting us out of the recession, I started asking people how exactly we could borrow our way out of debt, I never could actually get an answer, just a lot of bluster by the staunch followers.

bobgssc

Don't forget incarceration for those who continue to break laws (other than sneaking into the country), Healthcare - if you tell them in the ER you're illegal, they can write off your care. I did my final research paper on this last year (the professor was expecting the usual crap about how we need to be more compassionate and just forgive everything) and found the cost of i*****l a***ns in the country to be about $3 trillion annually. The professor wasn't happy with the paper but still gave me a perfect 100% on it as he couldn't find a single point to argue since I didn't choose any stance except that we could ill afford this during a recession.

Hungry Freaks

The basic philosophy behind Keynesian economics is that the government SHOULD deficit spend during times of economic hardship to stimulate the economy and repay the debt during relative good economic times. It was the increased government spending during WWII that eventually lifted the US out of the great Depression. It took 30 years, but that debt was eventually paid off.

Like it or not, it's the philosophy by which our government has run its fiscal matters since 1932.

But it was perverted in the 1980s by Ronald Wilson "deficits don't matter" Reagan who continued to deficits spend to pay for tax cuts and increased military spending. During his first two years, it was well in line with Keynesian thinking. But after 1982, when the economy had recovered, we should have been paying back the debt incurred during annual deficits from the previous few years.

But we didn't. In fact, we kept on spending like drunken sailors, Republicans and Democrats both being to blame. While the rabid right loves to lay all of this on the Democrats, it should be noted that Republican presidents, who held the White House for 20 of the 30 years between 1982 and 2002, never cone submitted a balanced budget to Congress. Only Bill Clinton, working with Republicans in the House, came up with something close to a balanced budget, albeit one using money from the SS Trust Fund. But when Republicans held the White House and Congress, nothing was done. During the Bush II years, annual government spending went from $1.7 trillion to $3.1 trillion (in dollars not adjusted for inflation) , a 92% increase. Since 2010, the first year of an Obama budget, spending as remained in the $3.2 to $3.45 trillion range in non-inflation adjusted dollars. If inflation is included, the spending figures are basically flat from 2010 to present.

Throughout the relative economic good times of the 2000s, we kept spending and spending, even fighting a war off the books, hiding it's true impact on annual deficits. And when the economic crisis hit in 2008, the cupboard was not only empty, but stuffed with $14+ trillion in IOUs. IN 2009, the interest on the total US government debt was about $458 billion, about the same as half of the total debt in 1980, which was $924 billion.

Obama is nothing but another Keynesian follower who used deficit spending to "pump" the economy. The long term effects are yet to be known.

Most alarming is the 40 year long failure to invests in infrastructure and education, something that will likely have greater impact than the paper debt we've incurred.

Or, it could be as Keynes said when asked about debt: "In the long run, we'll all be dead."