kiwiman127
Comfortably Moderate
the spending cuts have to be made slowly.
why slowly?? the faster and bigger the govt cuts, the faster and bigger that sustainable private spending will take place to end the recession.
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the spending cuts have to be made slowly.
why slowly?? the faster and bigger the govt cuts, the faster and bigger that sustainable private spending will take place to end the recession.
I tried, the blood rushing to my brain convinced me Krugman is a complete hack, and I even discovered irrefutable proof of it. Unfortunately I forgot it when I stood up. I think it had something to do with him saying the stimulus was perfect before he said it was too small.
I tried, the blood rushing to my brain convinced me Krugman is a complete hack, and I even discovered irrefutable proof of it. Unfortunately I forgot it when I stood up. I think it had something to do with him saying the stimulus was perfect before he said it was too small.
Do you have a cite where Krugman said he was satisfied with the stimulus? I've been reading him since he started with the Times and from the beginning of this economic crisis he has said that massive stimulus was needed and every time there was a stimulus package he has said it was not enough.
He has complained repeatedly that he didn't like how the stimuluses were being administered, which calls to mind the "food is terrible and such small portions" joke.
Austerity means that even less people will be able to buy stuff/
That is NOT a formula for improve the economy.
of course thats liberal and so idiotic. Austerity does not mean you burn money so it cant be spent, it merely means that those who earned it, respect it, and will spent/invest it most sustainably to grow the economy will get to keep more of their income rather than have it stolen by liberal bureaucrats who will then promptly waste it.
You trust the Randian economic philosphy that we've had for the last 30 years, I completely understand that.
the spending cuts have to be made slowly.
why slowly?? the faster and bigger the govt cuts, the faster and bigger that sustainable private spending will take place to end the recession.
See any wealth trickling down, do ya?
Austerity means the government spends only as much money as it takes in in tax revenue. A novel concept for people like you, but it leads to stable economies and prosperity.
QW, while I enjoy reading your thoughtful posts, some I agree with, others not so much, I have to disagree with you based on what austerity has done to European countries. (See my earlier post on this in this thread.)
The lesson we learn from Europe is that one doesn't cut government spending drastically during an economic downturn. We may not be in a recession period anymore, but economic growth for a majority is still very, very stagnant. It's correctly argued that one doesn't raise taxes during times like these, that also holds true regarding massive government spending cuts.
Austerity did not cause those problems, over spending did. When that gravy train hit the inevitable fact that governments actually have to pay back the money they borrow people suffered from the need to adjust spending to reality. If, on the other hand, the government had been austere the entire time there would not have been a problem in the first place.
Cutting too much to soon hurts economic growth when an economy is fragile,
why slowly?? the faster and bigger the govt cuts, the faster and bigger that sustainable private spending will take place to end the recession.
perhaps when you've had Econ 101 you'll be able to respond with substance. In the mean time you can continue to pretend you understand the subject.
I noted that you didn't even attempt to address the examples I provided. Why?
I noted that you didn't even attempt to address the examples I provided. Why?
what is your best example????
I noted that you didn't even attempt to address the examples I provided. Why?
what is your best example????
Post 8
I tried, the blood rushing to my brain convinced me Krugman is a complete hack, and I even discovered irrefutable proof of it. Unfortunately I forgot it when I stood up. I think it had something to do with him saying the stimulus was perfect before he said it was too small.
Do you have a cite where Krugman said he was satisfied with the stimulus? I've been reading him since he started with the Times and from the beginning of this economic crisis he has said that massive stimulus was needed and every time there was a stimulus package he has said it was not enough.
He has complained repeatedly that he didn't like how the stimuluses were being administered, which calls to mind the "food is terrible and such small portions" joke.
I noted that you didn't even attempt to address the examples I provided. Why?
what is your best example????
Post 8
what is your best example????
Post 8
since you've never studied economics I'll explain. The choice is austerity now or austerity later. But, the sooner you do it the less austerity required. The longer hooked on heroin you are the harder the rehabilatation.
Yes another hit of heroin makes you feel that you're not so hooked, but in reality it just makes you more hooked and in need of harsher rehabilitation.
If you read my earlier post, I took Economics 101-303 at the University of Minnesota, where I got my BBA.
YOU, on the other hand offer no contradiction to that post, you use no facts, you spew talking points with nothing to back you up!
If you read my earlier post, I took Economics 101-303 at the University of Minnesota, where I got my BBA.
you of course got a liberal brainwashing. Ask for your money back!!
YOU, on the other hand offer no contradiction to that post, you use no facts, you spew talking points with nothing to back you up!
what?? your bleeding heart says more heroin is good for the junkie, we say the sooner the rehab begins the less severe the addiction and the easier it will be.
Is that really over a liberals head?