And yet again Keynes is proven wrong. We've been printing and pumping for four years and nothing to show except an extra $trillion a year in debt. What's that about do the same thing over and over again while expecting different results?
. On Mon, Oct 21, 2013 at 2:17 PM, Judah McAuley <ju...@wiredotter.com> wrote: > > Keynes had it pretty straight forward. When times are rough, run a deficit > and increase government spending to stimulate the economy because > government is one of the few things of the size and means to do so. Then > when the economy is growing and revenues increase, pay down the debt and > then scale back spending. Pretty sensible business plan, honestly. > > Unfortunately, Republicans during the last administration wanted to slash > revenues via tax cuts while maintaining high spending when times were good, > instead of paying down debt. That increased debt substantially and really > bit us in the ass when the economy went sour. Then Republicans wanted to > continue slashing revenues and also cut government spending when government > was one of the few major sectors in our economy that could possibly spend, > further restricting the resiliency of the economy. This substantially > helped decrease current deficits but did nothing for debt because of the > damage it did to revenue. > > Also unfortunately, Democrats seem completely unable to pay down debt when > the economy is growing as well. More people remember the programs you fund > than the debt you pay down when election time rolls around, I guess. The > party in power wants to spend when they can in hopes of accruing the good > will of voters. The Democrats approach seems to do slightly less structural > damage to the economy and the government, I suppose, but it sure isn't > fiscally responsible. > > Go into debt when you have to to increase revenues. When you do get to that > place, be diligent about paying down debt. I'd really love to see a party > committed to those economic ideals. > > Cheers, > Judah > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:367957 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
