Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (580993)	8/14/2010 6:48:11 PM
From: combjelly	Read Replies (2) of 1571937

"This is nonsense. " Nothing nonsensical about it. "You cannot point to any specific case of government spending bringing prosperity" Umm, let's see. Israel in the early 1980s. They had gotten locked into a hyperinflation scenario. Instead of austerity, they were able to keep spending up and ratchet inflation down to a soft landing. Unlike others who went the austerity route and landed hard. Like we did with much less inflation. Or, China in the recent meltdown. They had a huge stimulus package as a percentage of GDP. While things got a little rough there for a while, they quickly recovered and are back to 9%+ per year growth. Or Germany. Same sort of scenario. Just to name two. In other words, you fail. " You can go back to the Founding Fathers and find 100s of quotes on their concerns over debt and spending and they have been proven right. " And what quotes might those be? Or, are you just making it up? Again.

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