Topic: Every Economist Thinks Deficit Spending is Good? Really.. | |
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I have read posts that have indicated deficit spending is good for the economy and that every economist believes this to be true..
So much for that theory.. Well atleast you still have Paul Krugman 150 Economists Back US Republicans in Debt Fight More than 150 economists back U.S. House of Representatives Speaker John Boehner's call to match any increase in the debt limit with spending cuts of equal size, according to a letter released by the Republican leader's office Wednesday. The letter will give Boehner an important talking point as he and his fellow House Republicans meet with President Barack Obama at 10 a.m. to discuss the debt limit and other fiscal issues. "An increase in the national debt limit that is not accompanied by significant spending cuts and budget reforms to address our government's spending addiction will harm private-sector job creation in America," the letter said. Signatories include Nobel laureate Robert Mundell of Columbia University and economists from schools like New York University and Georgetown University, as well as conservative think tanks like the American Enterprise Institute. The Treasury Department has warned that the country could face a default that could push it back into recession and roil markets across the globe if it does not raise the $14.3 trillion debt limit by Aug 2. Treasury has been tapping federal employee pensions and other funds to pay the nation's bills since it reached the current debt limit on May 16. http://www.cnbc.com/id/43234290 |
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I was taught from a young age
MOST statements with ALL, and EVERY are inaccurate off the bat,,, |
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There are so many other places that could be making cuts, the govt is not looking into all the right places for this, they target inappropriate groups for cuts and fail to acknowledge much of their own departments..Firemen stood by and watched a man drown the other day, because they were not allowed in the water to save him due to the cuts...In fact i will start a new thread on that story..
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Edited by
Bestinshow
on
Thu 06/02/11 02:57 PM
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cut milatary spending and return the tax rates on the rich to the same level as the 1950's and 1960's. All for it.
Republicans know most americans are stupid people. Some are so dumb as to vote republican when they are on social security or unemployment or have family members who are. Umerika is getting the country it deserves. Endless unfunded wars based on lies bankrupting our country moraly and financialy. Canada isnt far enough away and I have 12 years till I can collect a pension from work and twenty till social security. Still plenty of time to learn German or French. |
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