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Politics : Mainstream Politics and Economics

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To: Bearcatbob who wrote (7832)	1/31/2012 11:30:09 AM
From: koan	Read Replies (2) of 85487

<<When there is no money what is alternative to austerity? Governemtns are not like housegolds. We had no money to fight WWI, so we borrowed it. And the full emplyment and attendenat business it created provided enough GDP growth and taxes that both government and individual's were able to pay the debt down. Those are the facts Bob and Krugman has the charts on his web page. That is what happened. WWII was a massive stimulus package and it pulled us out of the depression. That is what happened. <<Is the outrage more properly directed to those who spent the nations into their current state?>> Yes, the bush and cheney saying: "Reagan taught us deficis don't matter; and bush giving the surplus clinton got for us to the rich rather than paying down the deficit. More facts bob. <<It is like having to stop spending when the credit cards are maxed out. What is the cause of the pain?>> No! Households are not comparable to countries. False analogy.

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