bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
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Have you dupes heard of the SECOND Pub World Great Depression? Absolute idiocy...
Yeah. It's a work of fiction that can be found in the fantasy section of the bookstore.
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Have you dupes heard of the SECOND Pub World Great Depression? Absolute idiocy...
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.
"Its 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 - Lets 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.
Spain has liberal socialists and conservative socialists, since about 1985.......get a passport and change the channel, chumps.
Have you dupes heard of the SECOND Pub World Great Depression? Absolute idiocy...
Yeah. It's a work of fiction that can be found in the fantasy section of the bookstore.
Socialism can only exist as long as the government's ability to afford it, which is directly limited to the amount of taxes--I'm sorry revenue-- that the government can forcibly take from the private sector.
(Emphasis added.) That one word makes the sentence false. If not for that, it would be true.
Mao Tze-Tung was wrong, and Thomas Jefferson was right. Power doesn't come from the barrel of a gun.
It comes from the consent of the governed.
Taxes, like everything else the government does, aren't forced.
True, there are penalties for those who deliberately evade paying taxes, but the system only works when most people pay their share voluntarily without trying to get out of it.
If everyone were to refuse to pay taxes, the government could not possibly enforce the tax laws.
However, correct for that mistake and you have it right: socialism depends on the government's ability to take revenues from the private sector, and for the people's willingness that it do so. Which in turn is directly (and geometrically) proportional to how wealthy a society becomes.
Government services provide a positive good to society which the people are willing to pay for to the extent they can do so without suffering.
Government services provide good roads, education, health care, support for scientific research, access to information, parks and recreational facilities, libraries, a social safety net, and other good things that private industry either can't or won't provide.
These are worth paying for, or so it seems all societies believe.
And that's why the percentage of a nation's wealth that goes to public expenses increases as its wealth increases.
It's not that poor countries don't want all these good things, but simply that they can't afford them, while rich countries can -- and always do.
We have socialism (social democracy) jusy a crappy kind that panders to the rich and screws the nonrich...
What we are witnessing is the failure of savage capitalism, AGAIN!!. The social democracies of the EU were doing just fine until the greedy deregulation morons/cronies started the SECOND Pub Great Depression. And thanks again for screwing with the world recovery just to to get Obama.
You really have very little right to school anyone on not knowing what they are talking about.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.
"Its 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 - Lets 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.
Congratulations!
A. You don't know what you're talking about.
B. You're clueless about what you declare to be facts.
C. You wield your ignorance like a club.
The economic tactic that European nations embraced as aggregate spending was dropping due to a credit and spending shortfall was austerity. The effect of austerity is to FURTHER reduce aggregate spending within the entire economy by lowering spending in the public sector even as spending is decreasing in the private sector. In other words, while it's necessary to ultimately reduce debt, the absolute worst time to reduce spending in the public sector is when spending is also falling in the private sector because a reduction in spending (otherwise known as demand) is the very cause of the economic slump. It's a loss of demand which keeps unemployment high, investment low, and factories idle. Not only will austerity not fix the problem of reduced demand in the private sector, it actually increases the problem of an anemic economy because aggregate spending falls even further, thereby reducing spending even further in the private sector. It's like an economic death spiral.
See my post above. The socialist countries of Europe ARE thriving.
As for Singapore and Hong Kong (Hong Kong, by the way, is now part of China and no longer an independent country), consider this:
As I noted above, Singapore has universal health care (socialized medicine).
S'pore govt to strengthen social safety net - Channel NewsAsia
Singapore has a social safety net that compares well with those in many European countries, along with its socialized medical care.
Once again, we see that most of the world's richest countries have a lot of socialist elements in their economies. Singapore is not an exception. The only exception other than a few oil-rich Middle East shiekdoms is in fact the United States -- and the U.S., which used to be no. 1 in per capita GDP, has dropped to no. 10 over the past 30 years, as we have abandoned many (but not all) of the socialist features that helped make us the richest country in the world, during the period from the end of World War II until the 1980s, when that was the case.
So, if we have socialism, how is it that we are witnessing a failure of capitalism?We have socialism (social democracy) jusy a crappy kind that panders to the rich and screws the nonrich...
What we are witnessing is the failure of savage capitalism, AGAIN!!. The social democracies of the EU were doing just fine until the greedy deregulation morons/cronies started the SECOND Pub Great Depression. And thanks again for screwing with the world recovery just to to get Obama.
Hmmmmm?
A failure of SAVAGE capitalism, Cold War Dinosaur. Non dinos know socialism is always democratic, simply well regulated capitalism with protections for citizens, and gov't interest in necessities...
Do you prefer the kind of laissez-faire capitalism which has evolved during the past three decades and is effectively undermining the American middle class?
Do you doubt that a tiny fraction of the U.S. population owns and controls considerably more of the Nation's wealth than the vast majority?
There is a percentage of anti-Semites in every predominately gentile group. Do you believe that every member of the Occupy movement is anti-Semitic? If so, why?
Also, do you believe there are Jewish anti-gentiles?
You have no clue what a socialist is. If you did, you wouldn't promote such bullshit. But alas, you are correct; I am sucking off the government tit. My kids get SS because their mother, my wife, died. I realize I should not be receiving this money as I have no right to it, at least in your eyes, but guess what? Fuck you and your bullshit.
You really have very little right to school anyone on not knowing what they are talking about.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.
Congratulations!
A. You don't know what you're talking about.
B. You're clueless about what you declare to be facts.
C. You wield your ignorance like a club.
The economic tactic that European nations embraced as aggregate spending was dropping due to a credit and spending shortfall was austerity. The effect of austerity is to FURTHER reduce aggregate spending within the entire economy by lowering spending in the public sector even as spending is decreasing in the private sector. In other words, while it's necessary to ultimately reduce debt, the absolute worst time to reduce spending in the public sector is when spending is also falling in the private sector because a reduction in spending (otherwise known as demand) is the very cause of the economic slump. It's a loss of demand which keeps unemployment high, investment low, and factories idle. Not only will austerity not fix the problem of reduced demand in the private sector, it actually increases the problem of an anemic economy because aggregate spending falls even further, thereby reducing spending even further in the private sector. It's like an economic death spiral.
First, point out to everyone what austerity measures you are talking about.
You have no clue what a socialist is. If you did, you wouldn't promote such bullshit. But alas, you are correct; I am sucking off the government tit. My kids get SS because their mother, my wife, died. I realize I should not be receiving this money as I have no right to it, at least in your eyes, but guess what? Fuck you and your bullshit.
Exactly right, you have no right to the money. You're a parasite.