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


To: Tenchusatsu who wrote (704925)3/19/2013 3:45:16 PM
From: jlallen  Read Replies (2) | Respond to of 1572037
 
Wasn't Z the nutjob advocating that Sen. Fauxcahontas Warren, aka Chief Spreading Bull, of Massachusetts, was presidential material???



To: Tenchusatsu who wrote (704925)3/19/2013 6:09:58 PM
From: SilentZ1 Recommendation  Read Replies (1) | Respond to of 1572037
 
>Because when those jobs are "created or saved" at the expense of fiscal stability, economic recovery is impossible to maintain.

>John Fowler used to complain about the "credit card economy" and how deficits of $400B/year was pumping funny money into the GDP.

>Tell me how his argument doesn't apply today, especially now with the deficit pumping over $1T/year in funny money. Oh wait, never mind, as long as that money is going toward liberal programs, it's all OK ...

There's good borrowing and there's bad borrowing. Buying a house? Going to school? Potentially good borrowing. Dropping bombs on people's heads? Shoveling cash at corporations? Bad borrowing.

And the deficit is dropping a lot, btw... it's down to about 60 percent of what it was at the bottom of the economic crisis.

-Z



To: Tenchusatsu who wrote (704925)3/19/2013 7:40:53 PM
From: combjelly1 Recommendation  Read Replies (2) | Respond to of 1572037
 
He and I complained because running high deficits when the economy is doing OK is an incredibly stupid thing to do. For one, it limits what you can do when the economy does sour. As we saw. For another, you risk inflation, which was settling in when the economy tanked in 2007. This is what happened in the 1960s.

Why none of you economic geniuses on the Right saw this I don't have a clue.