Clever sidestep. But , I also notice you do not dispute the main contention that WE WERE ROBBED !!!!!!!!!!!!!!
Okay - I will - it saved the economy. Look what austerity did for Europe - they are in a recession still.
After WWII - the US had a debt ratio of 125% to GDP - right now the US is in the high 90s. What did the US do after WWII - it went on a government spending spree - with the GI bill and the Interstate road system - and it ushered us into the the greatest period of economic expansion ever seen in the world. I am very sad to say on this issue - your a full fledged nincompoop.
Japan's debt ratio is over 200% and they keep chuggling along.
Let's have the discussion that the government ought to spend within its means - just like ordinary families have to. The problem with that discussion is the government is way better off than ordinary framilies with mortgages in multiples higher than their annual earnings.
In fact private debt in the US is a major problem - is it totals $38 trillion dollars - about 248% greater than GNP - how does that affect the economy - people don't spend money when they get in debt they save - yet the banks are being allowed to rip off our savings by not having to offer any interest rate on the savings.
This is ecnonmics 101 - for you useless knuckledragging troglidytes who espouse the cut the deficit theories.
Okay - I will - it saved the economy. Look what austerity did for Europe - they are in a recession still.
After WWII - the US had a debt ratio of 125% to GDP - right now the US is in the high 90s. What did the US do after WWII - it went on a government spending spree - with the GI bill and the Interstate road system - and it ushered us into the the greatest period of economic expansion ever seen in the world. I am very sad to say on this issue - your a full fledged nincompoop.
Japan's debt ratio is over 200% and they keep chuggling along.
Let's have the discussion that the government ought to spend within its means - just like ordinary families have to. The problem with that discussion is the government is way better off than ordinary framilies with mortgages in multiples higher than their annual earnings.
In fact private debt in the US is a major problem - is it totals $38 trillion dollars - about 248% greater than GNP - how does that affect the economy - people don't spend money when they get in debt they save - yet the banks are being allowed to rip off our savings by not having to offer any interest rate on the savings.
This is ecnonmics 101 - for you useless knuckledragging troglidytes who espouse the cut the deficit theories.
They are farther along the socialist path than us. Let me ask you this. When you run your business, do you do it by increasing product and service, or do you do it by raising prices, cutting service and calling your customers stupid ?
Also, I thought you said something about welcoming the challenge of increased cleverness in another thread.
They are farther along the socialist path than us. Let me ask you this. When you run your business, do you do it by increasing product and service, or do you do it by raising prices, cutting service and calling your customers stupid ?
Also, I thought you said something about welcoming the challenge of increased cleverness in another thread.
First of all - there is nothing clever about your economic opinions and secondly - you requested my answer and even taunted me for it - now that you have it - you're complaining - go figure.
Originally Posted by Broncogreg
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