Why we want stimulus now and worry about deficits later

Discussion in 'Politics' started by ilia25, Feb 19, 2012.

  1. ilia25
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    ilia25 I can do math

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    The chart above shows a deeply depressed economy. The US still produce about 1 trillion less in annual GDP than they are capable of. Not only it results in a lot of human suffering, but it also starves the government of tax revenues, creating huge budget deficits.

    Therefore we need more stimulus to help the economy closing the gap (which basically means creating more jobs) -- because it will also reduce the deficits.
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    Last edited: Feb 19, 2012
  2. The Rabbi
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    The Rabbi Gold Member

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    The last stimulus was $1 trillion and it failed. Why would another one be any better?
    We need another stimulus so Obama can bribe his way to re-election.
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  3. ilia25
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    ilia25 I can do math

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    It did not fail, it stopped the economy from sliding deeper into recession.
  4. Lakhota
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    Lakhota Gold Member

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    I totally agree! Plus, the first stimulus was too small and was not allocated properly.
  5. Two Thumbs
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    Two Thumbs Gold Member

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    How does the government spend more, which automatically increases the debt, decrease the debt.

    the first package was supposed to create jobs, it failed, UE went well passed what they predicted.

    And:
    [ame=http://www.youtube.com/watch?v=O55aRrvXtio]Obama: Shovel-Ready Not as Shovel-Ready as We Expected - YouTube[/ame]

    Obama was told it would fail and did it anyway.

    In other words, the reason he hasn't done it again, is b/c it's public that he knows it would fail again.


    We need less spending and more money in the pockets of Americans. Only utter fools think the government can fix this.
  6. Lakhota
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    Lakhota Gold Member

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    Now is the WRONG time to be worrying about deficits. When you're having a heart attack, costs are secondary.
  7. Two Thumbs
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    Two Thumbs Gold Member

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    comparison fail.

    we have indigestion.

    and when your tummy hurts, you change your diet, not go to the emergency room.
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  8. Lakhota
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    Lakhota Gold Member

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    Gee, that all sounds so non-threatening. I guess some Tums are all we need...
  9. Skull Pilot
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    Skull Pilot Gold Member

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    This recession lasted longer than any in modern history and it was Bam Bam's policies that prolonged it.
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  10. Two Thumbs
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    Two Thumbs Gold Member

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    easy fixes

    make cuts, spend less, take less from citizens.



    hard fixes
    Increase government, spend over a trillion that you don't have, increase taxes.


    I know common sense is in short supply over there in left field, but give it a try someday.
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  11. ilia25
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    ilia25 I can do math

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    By making the economy growing so fast that the permanent increase in the government revenues would quickly outpace the temporary rise in spending.
  12. Two Thumbs
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    Two Thumbs Gold Member

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    Just like fdr prolonged the Great Depression.

    wonder who knows why it got the title of The 'Great' Depression?
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  13. ilia25
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    ilia25 I can do math

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    You are just making things up.
  14. Two Thumbs
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    Sorry, you lack the comprehension to have this conversation.
  15. Skull Pilot
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    Skull Pilot Gold Member

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  16. Two Thumbs
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    You don't know that there was a depression in the 20's. The government did nothing and it was over in a year.

    fdr was a tyrant that made things worse to keep himself in power. It was our entrance into the war that brought us out of the GD
  17. Two Thumbs
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  18. Lakhota
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    Lakhota Gold Member

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  19. The Rabbi
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    The Rabbi Gold Member

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    Absolutel no proof of that. However when the stimulus was announced the gov't set unemployment goals that the stimulus would produce. UE went beyond what they anticipated even without the stimulus.
    The stimulus failed. It is the most failed policy of this failed administration.
  20. The Rabbi
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    The Rabbi Gold Member

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