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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (574484)	6/30/2010 7:43:49 PM
From: bentway	Respond to of 1576739

It might work. If it did, we'd be totally broke and in debt, but with a growing economy. It would be like the period from 1945 to the sixties boom, with very high tax rates. If it didn't we'd be totally broke and in debt, and would have to default - the government's form of bankruptcy. The depression would be far worse than the Great Depression. Doing nothing leads to another Great Depression. Pick your poison...

To: Tenchusatsu who wrote (574484)	7/3/2010 5:53:30 PM
From: Alighieri	Read Replies (1) \| Respond to of 1576739

There you go, that's my defense. You have some balls telling me I don't know jack about this topic...and then come back with this predictable shallow diatribe...the stimulus debt is non recurring and a small percentage of the national debt while legagy and recurring debt is deeply institutionalized and lond standing. If you were to cut the stimulus, the national debt would decrease by a couple of percentage points, maybe...that's assuming that the country would not be thrown into a depression as Krugman postulates, then the effect on the national debt would be catastrophic. So then, to use debt as a defense of your argument you would have to be a proponent of deep cuts in national spending NOW...at a time of deep recession. Are you prepared for the consequences of taking such an initiative? Al