PoliticalChic
Diamond Member
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- #181
It was a simple question: How does balancing the budget cure a depression?1. So are all depression/recessions caused by the same economic factors?America was desperate for a solution and as FDR said he would experiment, and that's what he did. In any case our answer today seems to be Keynes, not balancing the budget, nor loaning money to business so it could continue manufacturing the same product that sat on warehouse shelves.I thought it didn't work because it was deemed unconstitutional.
I'm not a free marketeer but I have to question the value of allowing industry to collude in setting their own prices.
"... FDR said he would experiment, and that's what he did. In any case our answer today seems to be Keynes, not balancing the budget,..."
Of course, you're lying....just as FDR did.
Let me prove it with his own words.
1. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."
FDR’s Commonwealth Club Address
2.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.
Did I just ram your words back down your lying throat, or what??????
2. Do all of the economic factors that cause a depression/recession have to in the same quantity?
3. How does a balanced budget cure a depression/recession?
You are both a congenital liar and a glacially slow learner.
One more time....let Roosevelt teach you the lesson:
1. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."
FDR’s Commonwealth Club Address
2.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.
Why don't you question the man who claimed same as the solution...
His name was Franklin Delano Roosevelt.
Watch me prove it:
1. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."
FDR’s Commonwealth Club Address
2.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." Franklin D. Roosevelt: Campaign Address on the Federal Budget at Pittsburgh, Pennsylvania
b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.