Cutting government to ignite economic growth - this has worked in the past?

[OohPooPahDoo]

growing government to ignite economic growth - this has worked in the past?

Where?

When?

1941-1945

Bullshit...There was rationing, collection drives for raw materials, people in urban areas growing "victory gardens" so they could eat, inflation so bad that they had to con people into deflating the currency back down with war bond drives...Then there was the steep recession at war's end, as industries had to either retool or just go out of business.

Go peddle your fairy tale that global warfare is economic stimulus somewhere else.[/QUOTE

What happened after the war ended and almost every GI came home with plenty of money saved up?

 

[Oddball]

1941-1945

Epic Fail...

Adolph Hitler growing Nazi Germanys' government doesn't count in the USA.

History fail.

So you're admitting that Hayek was right, in The Road to Serfdom.

Interesting.

 

[Avatar4321]

We were out of the 1920 Depression in record time when the Harding and Coolidge administrations drastically cut spending and cut taxes.

 

[Polk]

Try reading for comprehension next time.

He asked two questions, Baby Einstein.

He has a way of punctuating his posts and posing his questions cryptically, so he always has an out...Cheap contrivances that he ain't terribly slick at.

Answer to the question: It has never been tried in the US.

I was answering the question as it was asked. I can't really be held to account for his writing style.

It's never been tried for that expressed purpose in the U.S., but we do have natural experiments by looking at economic performance after wars.

 

[The Infidel]

Epic Fail...

Adolph Hitler growing Nazi Germanys' government doesn't count in the USA.

History fail.

So you're admitting that Hayek was right, in The Road to Serfdom.

Interesting.

 

[Quantum Windbag]

cutting government to ignite economic growth - this has worked in the past?

In the u.s.?

When?

1946

 

[ABikerSailor]

Cutting government to ignite economic growth - this has worked in the past?

In the U.S.?

When?

1776.

It worked.

Actually, a revolution isn't the same thing as cutting government. A revolution is OVERTHROWING the government and replacing it with one of your own.

As far as does cutting government spending work towards growing the economy? Not really, as there are current examples of government cuts actually contributing TOWARD a recession and unemployment. Look no further than Europe right now.

Oh...........and why is it that the GOP is against the American Jobs Act? One of the best things that a president ever did was to build roads all across this nation. Anyone remember Eisenhower? The economy did pretty good under him.

And now? If we are to upgrade the national power grid (so we can get electricity from wind) as well as rebuild the roads, know what would happen? You'd see a resurgence in the purchasing power of the middle class.

And the best part? Jobs like road construction and building power grids is something that CAN'T be outsourced to other countries (at least, not without serious political risk).

 

[Wiseacre]

There are several studies, notably by Reinhart and Rogoff that indicate when a country's debt to GDP ratio approaches 90% that economic growth is adversely effected. A default usually occurs if insufficient action is not taken to reduce the debt load. Nobody, and I mean NOBODY, has ever spent their way out of a debt overhang and into prosperity. Spending generally results in a temporary boost, the effects depend on the efficacy of the spending; the problem is that it's temporary. When the extra spending stops, so does the growth.

No better example exists than right here over the past 3.5 years. Look how much extra spending has occurred since 2008 and TARP. and a tax rebate. We lowered the prime interest rate down to nearly nothing, and what do we have to show for it? 1.9% growth in Q1 2012, many project about 2% for the year.

 

[bripat9643]

growing government to ignite economic growth - this has worked in the past?

Where?

When?

1941-1945

Nope. WW II ended unemployment only because all the unemployed were sent off to fight the Nazis and the Japanese.

 

[Charles_Main]

Cutting government to ignite economic growth - this has worked in the past?

In the U.S.?

When?

Your entire Premise is Retarded. The Argument is some targeted Tax Cuts, and Loosing of some Regulations can, will, and has spurred on economic Growth. Not that Cutting government in General will.

 

[Avatar4321]

Ease the tax and regulatory burden on the people, cut the spending and allow people of faith to worship according to the dictates of their heart and you will see unprecedented economic growth.

 

[flacaltenn]

Cutting government to ignite economic growth - this has worked in the past?

In the U.S.?

When?

When was it ever tried?

Anyone?

Beuller?

Actually OopieDoo wanted US examples, but the best laboratory for economic/govt policy we have today is China..

The intelligient leadership over there KNEW well enough to experiment with hands off the intimate details of economic growth. And they found parts of China designed THEMSELVES into international powerhouses of commerce..

You can watch the wealth range widen in China.. And it's definately NOT from trickle up redistribution of wealth or the intimate design and guidance from on high in Beijing..

Taxes on individuals in China? -- not an issue when your growth and prominence is rising as fast as their is... Plenty of income for infrastructure, governance and defense..

 

[rdean]

Cutting government to ignite economic growth - this has worked in the past?

In the U.S.?

When?

In several places:

1. In the Land of Milk and Cookies

2. On the Bizarro World

3. In the deluded minds of Republican Sheeple

Hope that helped.

 

[CrusaderFrank]

Liberals are funny.

They're uneducated about a thing so they pretend it never existed

 

[Meister]

Growing government to ignite economic growth - this has worked in the past?

Where?

When?

It sure isn't working in Europe...no matter what truthmatters says.

 

[buckeye45_73]

Growing government to ignite economic growth - this has worked in the past?

Where?

When?

its not about Growing Government you idiot.

its about building a common future with good infrastructure investment.

You know the shit Bush completely ignored

You are a moron, cutting government spending is all about balancing the budget, not economic growth, dipshit.
economic growth comes from........drumroll.......business making money and........expanding (that means they hire more people)

 

[bripat9643]

Growing government to ignite economic growth - this has worked in the past?

Where?

When?

It sure isn't working in Europe...no matter what truthmatters says.

What European government has cut spending?

 

[Flaylo]

Growing government to ignite economic growth - this has worked in the past?

Where?

When?

The New Deal.

 

[Artevelde]

Well, Greece enormously increased spending on all sorts of infrastructure in the first half of the previous decade (on the Olympics, but also on other stuff). This did indeed produce a short-term growth in GDP. It also created an enormous debt and a lot of infrastructure nobody uses and which Greece is now desperately trying to sell. And as we know this recipe of reckless government expenditure and investment has really produced paradise in Greece.

 

[Flaylo]

Well, Greece enormously increased spending on all sorts of infrastructure in the first half of the previous decade (on the Olympics, but also on other stuff). This did indeed produce a short-term growth in GDP. It also created an enormous debt and a lot of infrastructure nobody uses and which Greece is now desperately trying to sell. And as we know this recipe of reckless government expenditure and investment has really produced paradise in Greece.

Bullshit, Greece lied about its financial status.