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Tue Dec 11, 2012, 02:51 PM

If it's OK to run a deficit during war time, why not during a

depression/recession?

4 replies, 706 views

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Reply If it's OK to run a deficit during war time, why not during a (Original post)
hedgehog Dec 2012 OP
Filibuster Harry Dec 2012 #1
msongs Dec 2012 #2
TForbster Dec 2012 #3
liberal N proud Dec 2012 #4

Response to hedgehog (Original post)

Tue Dec 11, 2012, 03:02 PM

1. You need to run a deficit during depression/recession because in those cases the economy

has tanked or is tanking. In order to stabilize it the government needs to inject money with the thought that if the economy is turned around that growth will help pay for the deficit.

As far as war many times taxes have gone up to pay for wars. I truly believe that the Bush tax cuts (given back as a refund -- W said- because a surplus was the people's money -- should have been repealed after the first year of war (knowing at that time the war was going to last longer).

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Response to hedgehog (Original post)

Tue Dec 11, 2012, 03:09 PM

2. we are currently "during war time" remember, so a minor deficit is ok nt

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Response to hedgehog (Original post)

Tue Dec 11, 2012, 03:12 PM

3. Spam deleted by SidDithers (MIR Team)

 

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Response to TForbster (Reply #3)

Tue Dec 11, 2012, 03:25 PM

4. Exactly

Only republicans are alowed to spend us into debt.

Then they blame the Democrats.

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