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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (7832)	1/31/2012 8:39:05 AM
From: Little Joe	Respond to of 85487

Head start doesn't work youtube.com lj

To: Bearcatbob who wrote (7832)	1/31/2012 9:51:49 AM
From: mel221	1 Recommendation Read Replies (2) \| Respond to of 85487

Krugman's recommendation seems to be to allow states to run unbounded deficits... just like the federal government. Never does he recognize that the prior bubble may have been unsustainable due to excess government stimulation.

To: Bearcatbob who wrote (7832)	1/31/2012 11:30:09 AM
From: koan	Read Replies (2) \| Respond to 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.