Rshermr
VIP Member
EvenDeficits have run over a trillion dollars for 4 years. By definition that is "stimulus."So, the rabbi says:
Sure. Most of Obama's economists believe the multiplier is above 1. They are wrong too. How do we know?So, the rabbi lies again. He just said something really provably wrong. Without any evidence to back him up. So, apparently he believes that we should believe him.Because they've spent a trillion dollars in stimulus and the economy sucks.
So, I say they've spent 1$
So there. Only 1$.
Well, lets see. Now, understand, rabbi is a con tool. And they hate proof. So, he is not going to want to trust impartial sources. But he will be caught in a lie. Then, he will have to attack. Me, of course. Then the sources if he is still stuck.
"The American Recovery and Reinvestment Act of 2009 distributes funds in three ways. Since its enactment in February 2009, $774.7B has been paid out."
Total size of the ARRA is set at $480B. Of that, the above $774,7B has been expended. Of that total spent, of $774.7B, $290.7B was in tax relief, $246B was in contracts, grants, and loans. $238B was in entitlements.
Recovery.gov - Tracking the Money
Now, does that look like a trillion???? The biggest component, tax relief, had the least effect. Lowest multiplier.
So, damn, not quite a trillion. And really, really easy to understand. Should you care to. Unless, your purpose is simply to post con dogma, based on agenda, as usual.
You lose, once more.
as stupid as you are, rabbi, you do not believe that lie. Here is a definition of a federal budget.
The budget for the federal government. The federal budget of a country is determined yearly, and forecasts the amount of money that will be spent on a variety of expenses in the upcoming year.
Read more: What is federal budget? definition and meaning
Now, lets see if you can understand the concept of stimulus.
A package of economic measures put together by the government to stimulate a floundering economy. The objective of a stimulus package is to reinvigorate the economy and prevent or reverse a recession by boosting employment and spending. The theory behind the usefulness of a stimulus package is rooted in Keynesian economics, which argues that the impact of a recession can be lessened with increased government spending.
Read more: Stimulus Package Definition | Investopedia
So, again, rabbi, you are wrong. Based on your definition, which is really, really stupid, we have a stimulus every single year for the past 15 or more. So, I would say nice try. But this try does not pass the giggle test. Every economist that ever heard this one would be laughint at you. And their belief, as mine, is that you are either really, really ignorant. Or just dishonest.