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View Diary: Austerity isn't dead... but it should be (132 comments)

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  •  There's a time for budget surpluses (8+ / 0-)

    That time is when the economy is booming.

    Freedom isn't free. Patriots pay taxes.

    by Dogs are fuzzy on Sun Apr 28, 2013 at 09:24:36 AM PDT

    [ Parent ]

    •  And we are starting to see inflation. The budget (0+ / 0-)

      should never be balanced or in surplus because the Govt needs its own currency from the citizenry.  The only reason would be to slow down aggregate demand because inflation is becoming a problem due to capacity being maxed out..........what a great problem that would be to have!

       "we need to slow down demand because there is so much output and employment we just can keep up!"
      (assuming of course the output growth isn't based on a financial asset bubble like the Clinton and Bush years)

      "The Earth is my country and Science my religion" Christiaan Huygens

      by Auburn Parks on Sun Apr 28, 2013 at 10:50:22 AM PDT

      [ Parent ]

      •  "Starting to see"? (0+ / 0-)

        Inflation has been with us this whole time, other than in housing prices. Compare the cost of a loaf of bread and a gallon of milk over the last 5 years, let alone 10 or more . . .
        They do not care about curbing inflation in the least, for those of us who have to budget our money for the essentials.

        "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

        by bryduck on Mon Apr 29, 2013 at 09:03:41 AM PDT

        [ Parent ]

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