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Moderate taxes based dynamically on income, spending on social programs, defense, research, foreign aid, and the environment within the capability of the budget and reason, and a reduction of the national debt. In certain circumstances, spending would exceed the budget of the current year, but those cases should be strategic investments that pay off in the longer term.Quote:
Originally Posted by Parkbandit
No, you were spouting your usual bullshit as always and when called on it, backpeddling as usual.Quote:
Originally Posted by BriarFox
How's the weather on Pluto?Quote:
Originally Posted by ~Rocktar~
I just read there are three other newly discovered possible dwarf planets out around neptune.Quote:
Originally Posted by BriarFox
edit: http://www.wired.com/wiredscience/20...s-kuiper-belt/
Oh, that makes sense. Hey, Rocktar, how's the weather on Dwarf Planet 3?Quote:
Originally Posted by waywardgs
An important word in the first sentence was "exactly". Bounds can be set on an unknown without determining it exactly.Quote:
Originally Posted by Parkbandit
More on the actual thread topic--Dow down ~3% so far today, gold still shooting up, and the yield on the 10-year is a fucking joke.
I'm not liberal, but I'm enough of an economist to understand that a revenue decrease does necessarily coincide with a debt increase, ceteris paribus. It is very obvious that whoever said that (BriarFox?) was speaking strictly about the relationship between revenue and debt.Quote:
Originally Posted by ~Rocktar~
Ah, I think you misunderstood my point. Insodus claimed that we knew exactly the increase in our debt due to the stimulus. My point was to deomnstrate that wasn't the case. Hence putting the word exactly in quotes.Quote:
Originally Posted by Parkbandit
You seem very confused as to what Keynesian economic theory proved during the Great Depression. Keynesian programs were used by FDR to start a recovery at the onset of the Great Depression. In 1937, FDR thought he could balance the budget, and therefore cut spending and raised taxes, which reveersed the recovery. The Depression thus continued until 1941, until U.S. entry into World War II.Quote:
When do we stop putting so much faith in the precious Keynesian Economic Theory and simply call it what it is... a bust? Granted, we will probably continue to keep doing what we've been doing... pissing away money on top of more money and hoping that we can spend our way out of a recession.. and turn this into what we will later call The Greater Depression.
If you can provide an example as to where Keynesian stimulus (done at the correct magnitude) has not worked since the 1930s in a recession/depression scenario, I'd be interested in reading about it.
So.. for 4 years Keynesian programs didn't work.. so he wanted to try something else?Quote:
Originally Posted by Kembal
Off the top of my head... let's see, maybe Japan.. right before the "Lost Decade". I love how you quantify things with "(done at the correct magnitude)" because that is the excuse ALWAYS given by Keynesians when their economic theory flops... "We didn't spend ENOUGH!"Quote:
If you can provide an example as to where Keynesian stimulus (done at the correct magnitude) has not worked since the 1930s in a recession/depression scenario, I'd be interested in reading about it.