Krugman: GOP Austerity Causing Unemployment

Discussion in 'Politics' started by Sundial, Sep 3, 2011.

  1. Sundial
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    Sundial Class Warrior

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    This chart shows yearly changes in government spending for goods and services.

    [​IMG]

    As you can see, the numbers crossed over to the negative at the beginning of the year, and have been declining ever since. According to Krugman, the numbers correspond to slower job growth.

    If government spending is necessary to sustain the recovery, is it crazy to pursuing cuts in spending now, while unemployment is still about 9%?
     
  2. DontBeStupid
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    DontBeStupid Look it up!

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    Conservatives don't want to believe this, but if the government fires people that means more people unemployed.

    Hard to believe, I know.
     
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  3. Oddball
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    Oddball BANNED Supporting Member

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    Looks like ol' ferret face is solidifying his ranking as my #1 favorite science fiction/fantasy writer.

    Who knew a $3.5 trillion (non)budget was "austerity"? :lol:
     
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  4. Oddball
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    Oddball BANNED Supporting Member

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    Where the fuck do you think Big Daddy gets the money to pay those bureaucrats, numbnutz?
     
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  5. WillowTree
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    WillowTree Diamond Member

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    Out of the 50% of us who pay FEDERAL INCOME TAX? maybe? it sure as hell ain't from the other 50% who happen to be leeches.
     
  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Republicans know what they are doing....slash spending at all costs and then blame Obama for the resulting job losses
     
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  7. DontBeStupid
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    DontBeStupid Look it up!

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    Actually, I would say they borrow it from China or Canada at historically low interest rates.
     
  8. bripat9643
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    bripat9643 Diamond Member

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    First, the source of your chart isn't clear. Government spending is exploding, so I fail to see how government spending on goods and services could be declining.

    Second, the empirical evidence has destroyed the theory that government spending improves the economy several times. Keynesian economics is dead. Only idiots and demagogues continue to espouse it. Which brings us to the third point.

    Third, Krugman is a proven moron.
     
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  9. Mustang
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    Mustang Gold Member

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    Republican ideological fervor may very well precipitate another recession much like what happened in 1937.
     
  10. bripat9643
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    bripat9643 Diamond Member

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    No, that actually means in the long run that more people are employed in real jobs. Putting more parasites on the payroll does not help anyone who produces something of value make a living.
     

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