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$1.75 trillion federal budget deficit

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  • #46
    So you don't think he done any fear mongering on this one to sell his package.

    This is not 1929. Projections from economists are varied and plentiful as candy with as much substance.

    The dems have a license to spend. God help us.
    It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
    RIP Tony Bogey & Baron O

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    • #47
      Originally posted by MrFun View Post
      I don't have proof myself. But what proof do you have that "doing nothing" or "tax cuts without additional spending" is the best route?
      The fact that you're willing to spend trillions of dollars without proof scares the hell out of a lot of people.
      It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
      RIP Tony Bogey & Baron O

      Comment

      • #48
        Originally posted by rah View Post
        This is not 1929.
        Indeed. Let's keep some perspective. I mean as bad as things have been, we haven't even reached 10% unemployment.
        “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
        - John 13:34-35 (NRSV)

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        • #49
          Originally posted by Imran Siddiqui View Post
          Indeed. Let's keep some perspective. I mean as bad as things have been, we haven't even reached 10% unemployment.
          True. Using the methods to measure unemployment like in the 30's, we've surpassed 10%.
          I'm consitently stupid- Japher
          I think that opinion in the United States is decidedly different from the rest of the world because we have a free press -- by free, I mean a virgorously presented right wing point of view on the air and available to all.- Ned

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          • #50
            Originally posted by rah View Post
            The dems have a license to spend. God help us.
            Yes. It reminds me of the '40s & '50's when Democratic spending built the strongest middle-class the world had even seen.

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            • #51
              The real question for me is whether I want to stick around and try to fix the country or just bolt to sweet, low-tax Ireland...



              We'd need an 18% hike in total revenues (including state and local) to hit Ireland's tax/GDP ratio. Federal revenues would have to go up by 36%.
              4xx Error Page
              http://www.oecd.org/dataoecd/48/27/41498733.pdf
              The page you requested could not be found.
              "Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
              -Bokonon

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              • #52
                Doing a direct comparision is still silly.
                It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
                RIP Tony Bogey & Baron O

                Comment

                • #53
                  Originally posted by Zkribbler View Post
                  Yes. It reminds me of the '40s & '50's when Democratic spending built the strongest middle-class the world had even seen.
                  And comparing now to the 40s and 50s is even more delusional.
                  It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
                  RIP Tony Bogey & Baron O

                  Comment

                  • #54
                    Originally posted by rah View Post
                    The fact that you're willing to spend trillions of dollars without proof scares the hell out of a lot of people.
                    The Republicans did it in December ($750 billion). The Dems did it again in February ($790 billion). They both seem to be listening to somebody.
                    No matter where you go, there you are. - Buckaroo Banzai
                    "I played it [Civilization] for three months and then realised I hadn't done any work. In the end, I had to delete all the saved files and smash the CD." Iain Banks, author

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                    • #55
                      Originally posted by rah View Post
                      This is not 1929. Projections from economists are varied and plentiful as candy with as much substance.
                      And you think 1929 was different?
                      "The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
                      -Joan Robinson

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                      • #56
                        Originally posted by Zkribbler View Post
                        Yes. It reminds me of the '40s & '50's when Democratic spending built the strongest middle-class the world had even seen.
                        The boom was because people were having babies, not because of govt spending.
                        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                        - Justice Brett Kavanaugh

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                        • #57
                          And who is that somebody. Its that little voice in the back of their heads saying we can get away with this.

                          And While I won't argue your point, which party had control of congress in December? Which branch of the government has primary control of expenditures?
                          It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
                          RIP Tony Bogey & Baron O

                          Comment

                          • #58
                            Keynes' General Theory didn't come out till '36.
                            "Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
                            -Bokonon

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                            • #59
                              Originally posted by Ramo View Post
                              Keynes' General Theory didn't come out till '36.
                              That is correct there was no stimulus in 1929 or the early 30's
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

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                              • #60
                                Originally posted by Zkribbler View Post
                                1929, 1930, 1931 & 1932.
                                Plus, projections from lots of economists.
                                There's no proof that a stimulus would have worked.
                                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                                - Justice Brett Kavanaugh

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