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liberal_economist

(33 posts)

13. thats actually not true...

Reply to JaneyVee (Reply #12)

Tue Feb 26, 2013, 09:22 PM

Feb 2013

First, As an economist, any deficit spending is technically 'stimulus', so all of our debt was stimulus spending.

second, i can think of two obvious times that austerity got america out of depressions. The first was the depression of 1920-1921, government cut spending and taxes in half in the midst of over 12%unemployment, the next year the economy boomed and it led to 'the roaring twenties'. The second, is the great depresion, it didnt officially end until the year after the government cut spending by 60% and taxes by some 40%.

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26 replies

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Highlight:

Why are we shooting ourselves in the foot? [View all] MadHound Feb 2013 OP

The Repubs want to use this to forward upaloopa Feb 2013 #1

But if that equivalency narrative doesn't hold, so many allegations fall short. great white snark Feb 2013 #5

Then why did the president sign off on this back in 2011? MadHound Feb 2013 #15

Message auto-removed matwilson Feb 2013 #2

Because They Are Too Cowardly To Deal With Their Own Jobs... WillyT Feb 2013 #3

Actually, "we" are doing nothing, but the House of Reps is is shooting everyone.... OldDem2012 Feb 2013 #4

I would love an EO, but that's not going to happen at this juncture. MadHound Feb 2013 #16

"A serious stimulus program" - when we already have a $15 trillion+ national debt? No. n/t. OceanEcosystem Feb 2013 #6

We're gonna need to see your long form voter registration card. JaneyVee Feb 2013 #7

What is your plan? theaocp Feb 2013 #8

The math can get very debatable, but OceanEcosystem Feb 2013 #10

The math isn't debatable at all, MadHound Feb 2013 #18

The opposite of stimulation is stagnation. Your choice. JaneyVee Feb 2013 #9

If our national debt were, say, $7 trillion instead, OceanEcosystem Feb 2013 #11

Our deficit could be $7Trillion if we were collecting much more tax revenue. JaneyVee Feb 2013 #12

thats actually not true... liberal_economist Feb 2013 #13

Bullshit that any deficit spending is technically stimulus. That's a BS line and I shouldn't even JaneyVee Feb 2013 #20

I'm not sure you're an economist, much less a liberal, MadHound Feb 2013 #22

This isn't the time to be fixated on the debt. MadHound Feb 2013 #19

So? MadHound Feb 2013 #17

Quit listening to people that don't know what they're talking about and are always wrong. Egalitarian Thug Feb 2013 #23

Yeah....the CCC program FDR initiated really worked out poorly, didn't it? nt. OldDem2012 Feb 2013 #24

This is a Washington-manufactured crisis, created to scare us so Washington can save us. Pterodactyl Feb 2013 #14

K&R forestpath Feb 2013 #21

We aren't doing it. It's being done to us. woo me with science Feb 2013 #25

K&R MotherPetrie Feb 2013 #26