Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (125522)	10/28/2012 5:55:49 PM
From: mel221	Read Replies (1) \| Respond to of 149317

>> If that were true then every dollar of deficit increase will add nearly the same amount to economic growth. I am not an economist, but I do not accept that as being true. In a globalized economy, I think it is reasonable for some of the deficit increase to spill over to the trading partners. There is also a deficit efficiency issue at play here. MM has spoken of it many times. It is taking more and more deficit spending to get a unit of economic growth. That efficiency is get increasingly worse as the debt gets increasingly large. >> Did $825 billion of stimulus add $825 billion to economic growth? I don't think so. At least not in the US. But China has been doing well. >> Did it add $825 billion the following year, and the year after that? Obama's stimulus package was not $825 billion annually.