We Are Witnessing the Failure of Socialism

Discussion in 'Politics' started by Google, Dec 6, 2011.

  1. Google
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    Google Gold Member

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    During the debt limit crisis that enthralled the nation just months ago liberal economists like Paul Krugman and leftists on this board proclaimed that increasing the national debt, which currently stands somewhere around $15 trillion--up $2 trillion since the debt limit was increased--was not only necessary but desperately needed for economic growth and improvement.

    These people told us that the debt and deficit isn't detrimental at all.

    "It’s politically fashionable to rant against government spending and demand fiscal responsibility. But right now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." Op-Ed Columnist - Let’s Get Fiscal - NYTimes.com

    If any of this were true then the socialist countries of Europe would be thriving. In reality unregulated deficit spending and debt is devastating the global market.

    What is happening in Europe is a complete refutation of the left's steadfast faith that increased deficit spending during a time of glacial economic growth is what is needed to grow the economy.

    Hell, what is happening today in America is a complete refutation of this administration's entire economic agenda.
     
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  2. auditor0007
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    auditor0007 Gold Member

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    It all boils down to making certain we have adequate revenues to fund our government while not overspending to the point of creating a larger and larger debt to pass on. While I would agree that just spending more with more borrowed money is not a good idea and would not be beneficial, I also do not see cutting government to the core as being beneficial either.
     
  3. occupied
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    occupied Gold Member

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    If it is the death of socialism then it is the birth of ......what?
     
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  4. Google
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    I never said death of socialism, it is alive and well here in the US. It is the failure of socialism, which is inevitable where ever it is applied.

    After having power for 8 years in Spain the socialists have destroyed the economy and burdened the nation with unsustainable debt.

    The conservative party won in a landslide.
     
  5. oreo
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    oreo Gold Member Supporting Member

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    The 5 best sentences.

    Andrian Rogers 1931.
     
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    Last edited: Dec 6, 2011
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    What happened in Europe, happened everywhere. A small cadre of elite market engineers fleeced everyone..and then got bailed out by the people they fleeced. All captains of the corporatism you guys embrace so heartily.
     
  7. occupied
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    occupied Gold Member

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    I happen to see this mess as more of a failure of capitalism to be an overall benefit to society, if it were so great the world would not be so unstable. We need both working together, not this stupid adversarial boom and bust, winner take all bullshit.
     
  8. BluePhantom
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    BluePhantom Educator (of liberals)

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    Well...dude. You are talking about a guy who argued that 9/11 was a great thing because it would boost our economy a mere three days after the attack.

    "Our economy is so huge that the scenes of destruction, awesome as they are, are only a pinprick...Nobody has a dollar figure for the damage yet, but I would be surprised if the loss is more than 0.1 percent of U.S. wealth -- comparable to the material effects of a major earthquake or hurricane....So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects."

    "...the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.....Now it seems that we will indeed get a quick burst of public spending"

    Reckonings - After The Horror - Op-Ed - NYTimes.com
     
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  9. bripat9643
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    bripat9643 Diamond Member

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    Of course you don't. You're a socialist, and you're probably sucking off the government tit.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    And?

    Had that been done..instead of the war crime of Iraq..we'd be in better shape now. And the WTC would have been rebuilt.
     

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