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

To: Alighieri who wrote (701098)	2/26/2013 11:47:01 AM
From: i-node	1 Recommendation Read Replies (2) \| Respond to of 1576479

>> We were talking about Keynesian economics...you've switched to debt burden... Actually, you changed the subject and I let it pass. But debt burden and Keynesian economics are inextricably related. Keynesian economics is what causes the debt burden, or at least in substantial part. There is no "Keynesian economics in reverse". It is important to recognize that Keynes never suggested we should spend our children's futures away. This was never part of Keynes' thinking, and in fact, may be where the plan really falls apart. Keynes never for a moment considered the human and political nature impacts on his theory -- that is, that once that make-work spending started, it could never be controlled. He never envisioned applying his theory in an endless welfare state in which debt rose without bound, failed Social Security and Medicare programs that would consume endless resources, etc. Truthfully, it is sort of silly to even talk about Keynesian model in the context of our modern day economy. Still, the fact that austerity is hard in no way suggests that Keynesian economics has ever worked, anywhere in the world -- which is the argument you're trying to make.

To: Alighieri who wrote (701098)	2/26/2013 12:24:20 PM
From: tejek	Read Replies (1) \| Respond to of 1576479

Boehner tells Senate to 'get off their asses' By Russell Berman A salty Speaker John Boehner (R-Ohio) on Tuesday told members of the Senate to “get off their ass” and pass a bill to replace the $85 billion in across-the-board spending cuts that will kick in on March 1. “We have moved a bill in the House twice. We should not have to move a third bill before the Senate gets off their ass and begins to do something,” Boehner told reporters in a press conference, repeating a message he had just delivered in a closed-door meeting of the House Republican conference. Read the story here.