You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #8: yeah thanks for the Republican talking points [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-14-11 11:13 AM
Response to Reply #2
8. yeah thanks for the Republican talking points
The point of a Keynesian stimulus, though, is to get us through the short run. In the long run, we are all dead.

Here's part of the deal. Think of the private sector. Many people work in the private sector in retail and services. They cut grass, they cut hair, they sell furniture and shoes, they work at restaurants. What happens to their private sector business if a bunch of their regular customers, who happen to work for the city, the school district, the state or the county, lose their jobs? Well, that takes a bite out of those private sector businesses too. So they cut back, lay some people off, consume less, invest less, and the economy gets even worse.

Confiscatory? Nobody even proposes that. A 1% increase on people with incomes over $100,000 in Kansas could have saved $180 million in budget cuts every year since 2007, making the Kansas economy that much stronger. 1% is hardly confiscatory. Nor is it going to somehow kill the private sector if the public sector does not slash jobs in a bad economy. Instead the public sector will be propping up the private sector until the economy recovers.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC