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Cronkite

(158 posts)

17. It isn't really about WHERE we cut.

Reply to lunatica (Reply #15)

Tue May 1, 2012, 09:19 AM

May 2012

Sure, the military is bloated, there are tax loopholes for corporations that have bought politicians......

My point is that as of right now GDP is 12% overstated (probably 25% overstated when considering the multiplier effect of the BORROWED MONEY).

WHEN (not if) this borrowing is stopped we will have an immediate contraction in our economy. This can not be avoided.

Raising taxes removes this money from private GDP. Cutting government spending in ANY AREA of government will lower the government component.

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19 replies

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Highlight:

Government cuts slow economic recovery [View all] jpak Apr 2012 OP

"military spending down 8.1 percent" dkf Apr 2012 #1

And it will get much, much worse starting January 2013 MannyGoldstein Apr 2012 #2

+1000000 woo me with science May 2012 #13

It Did Have A Mild Slam On Government Austerity During Weak Growth DallasNE Apr 2012 #3

Nice realism in your comment JayhawkSD Apr 2012 #10

(1) UK in double dip recession after austerity budget, alp227 Apr 2012 #4

They don't believe in countries, they want to set up their fiefdoms. This is working for them. freshwest Apr 2012 #5

As I like to say... Jamaal510 Apr 2012 #6

Reagonomics....( supply side nonsense) will die one way or the other... lib2DaBone Apr 2012 #7

The saying goes quaker bill Apr 2012 #8

Except that republicans don't consider the "supply side" canard a failure PSPS Apr 2012 #9

Yes.. for the 1%.. everytihing is GREAT! lib2DaBone Apr 2012 #11

Any way you slice it GDP is on for a nose dive. Cronkite May 2012 #12

How about we cut military spending in half and still have the largest lunatica May 2012 #15

It isn't really about WHERE we cut. Cronkite May 2012 #17

New revenues (taxes) and reduced spending. sendero May 2012 #16

Riddle: What gets bigger the more you take away from it? lunatica May 2012 #14

Re: Government cuts slow economic recovery calvin_re Jun 2012 #18

'If only private sector components of the GDP are taken into account, elleng Jun 2012 #19