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Politics : View from the Center and Left
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To: cosmicforce who wrote (216334)2/7/2013 4:43:18 PM
From: JohnM  Read Replies (1) of 542060
 
You're definitely not talking my language but I suspect I get your point nonetheless. Best I can tell, even Krugman agrees with the point you are making. The disagreement occurs over when to address it and how to address it.

The first question is what to do in as serious an economic downturn as our present one remains. And the answer is, by and large, a Keynesian one. Use government money to keep spending afloat, which keeps tax dollars flowing in and less flowing out for the safety net. Then address the deficit once the economy straightens out. That, of course, leaves the question of the political machinations as to just how to do it off the table. That's the catch.

And the answer for the second, speaking very cryptically, is, at least as far as I'm concerned, to ratchet the tax revenues back up to at least Clinton levels or even pre Reagan levels and cut back on military deployment around the world.
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