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View Diary: Saddam Captured; What's Next? (459 comments)

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  •  Re: Saddam Captured; What's Next? (none)
    Honestly from a purely Keynsian economic standpoint now is the time for the government to deficit spend its way out of economic weakness.  Eventually, as interest rates rise they will need to cut the deficit to prevent inflation correcting the whole system.

    What I find so exceedingly interesting is that the Bush administration ostensibly filled by monetarists in the Friedman vein has re-legitimized the economic polcies of FDR.  

    So while the debt is something to criticize Bush on, it will help the economy in the long run so long as their are timely cutbacks in spending.

    Working hard everyday to make our nation's capitol just a bit more country and a lot more Democratic.

    by TX Dem in DC on Sun Dec 14, 2003 at 05:23:35 PM PST

    [ Parent ]

    •  Re: Saddam Captured; What's Next? (none)
      There is a huge difference between FDR programs that put people directly to work and directly added to the productive infrastructure and the flim-flam expenditures of the Regime. Sese Mobutu's government spent a lot of money too, but a debt created to fill offshore bank accounts and for elite luxuries does not have sustained positive effects.
    •  Re: Saddam Captured; What's Next? (none)
      They aren't going to cut back the debt.  I honestly wish people would stop trying to defend deficit spending by pointing out it actually makes sense in some situations.  The people in charge are not using it in a sensible way, they're just trying to have their cake and eat it too.  

      It makes sense to run up small deficits during times of economic slowness, not cut taxes, embark on an unnecessary war, increase spending (including a huge prescription drug benefit), thus putting us in deep shit.  If Bush hadn't passed his ill-advised tax cuts and inflated spending to the moon, we'd still be barely running up deficits.  

      Bush is already talking about more tax cuts if he's reelected.  [b]The man doesn't stand for anything, he doesn't believe in ANYTHING, he just does whatever he can to be reelected.[/b]  In the process he's driving this country into the ground.  

      Don't even make arguments justifying the deficits, just [b]DON'T![/b]  It only gives false credence to their completely irresponsible economic policy.  

    •  Re: Saddam Captured; What's Next? (none)
      They aren't going to cut back the debt.  I honestly wish people would stop trying to defend deficit spending by pointing out it actually makes sense in some situations.  The people in charge are not using it in a sensible way, they're just trying to have their cake and eat it too.  

      It makes sense to run up small deficits during times of economic slowness, not cut taxes, embark on an unnecessary war, increase spending (including a huge prescription drug benefit), thus putting us in deep shit.  If Bush hadn't passed his ill-advised tax cuts and inflated spending to the moon, we'd still be barely running up deficits.  

      Bush is already talking about more tax cuts if he's reelected.  The man doesn't stand for anything, he doesn't believe in ANYTHING, he just does whatever he can to be reelected.  In the process he's driving this country into the ground.  

      Don't even make arguments justifying the deficits, just DON'T!  It only gives false credence to their completely irresponsible economic policy.  

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