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In reply to the discussion: Pete Peterson bankrolled debunked austerity study, could make billions off safety net privatization [View all]WinstonSmith4740
(3,056 posts)70. This is an old argument...
No nation, in the history of the world, has ever cut it's way to prosperity...
And it's been used by more than government. This is the EXACT argument my late husband used to have in business all the time. A much smaller scale, of course, but the dynamic is exactly the same. It's the classic "Accountants vs. Marketing". Bean counters always want to cut expenses. Always. "The salespeople are making too much money." Marketing knows if you want your company to grow, you need to throw a few of those beans out the window, where they will grow and produce (gasp!) MORE BEANS!!!
No president (except Obama, of course) has ever been expected to save his way out of a recession. It can't be done. Revenue MUST be increased. Instead of cutting public workers, more should have hired. I've always loved that "Government has never created a job" meme. I guess my dad spent 35 years panhandling in Philly.
We here at DU have known this stuff for years. We also know the rat bastard Republicans, who created this mess to begin with, don't want it fixed. Not by this president, anyway.
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Pete Peterson bankrolled debunked austerity study, could make billions off safety net privatization [View all]
HomerRamone
Apr 2013
OP
How so? THIS Blue Team has offered up and handed over unasked, that which...
TheMadMonk
Apr 2013
#51
That's just it, we are all supposed to treat our 2 parties like teams so we will get carried away
Dustlawyer
Apr 2013
#20
I agree to the extent that it will take a HUGE number of people marching and holding out
Dustlawyer
Apr 2013
#42
May I remind everyone that Pete Peterson headed the committee that picked Timothy
JDPriestly
Apr 2013
#22
Is this the same Blackstone Group which is buying up foreclosed single family homes? nt
avgjo
Apr 2013
#32
Some of these people had dreams of reversing ALL of FDR's New Deal under Ike...
Spitfire of ATJ
Apr 2013
#36
He's worse. He has the president of the United States and Congress wrapped around his finger. n/t
duffyduff
Apr 2013
#54
It doen't matter what "math" and "facts" say: this President stands firm.
MannyGoldstein
Apr 2013
#47
is there any idea too stupid or destructive that our politicians won't enact if the price is right?
yurbud
Apr 2013
#49
This story was posted early Sunday. I want to kick it again. It is huge to my mind.
JDPriestly
Apr 2013
#68