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View Diary: Alan Grayson Explains Economic Stimulus (53 comments)

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  •  well (1+ / 0-)
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    Th0rn

    Agreed about the tax cuts on the wealthy (stupid), but the only reason the economy even has a pulse is government deficit spending. The current deficit is running in excess of $120 billion a month. That is enough to buy: Everything sold at WalMart, Target, Home Depot, Lowes, McDonalds, Coke PLUS every new car PLUS every new house, and still have at least $20 billion left over - EVERY MONTH!. That is why the economy still has a pulse.

    I can live with doubt and uncertainty and not knowing. I think it is much more interesting to live not knowing than to have answers that might be wrong- Feynman

    by taonow on Thu Jul 15, 2010 at 04:28:44 PM PDT

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    •  That's (3+ / 0-)
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      mataliandy, Justanothernyer, Th0rn

      the point of deficit spending - to prop things up until the issues in the economy are dealt with. THAT is where we are falling short, addressing the longer term shortcomings of our economy. The stimulus did EXACTLY what it was supposed to do, which was stabilize an economy that was falling off a cliff.

      Deep Thoughts by Michael Steele: " I'm the cow on the tracks"

      by pointman on Thu Jul 15, 2010 at 04:32:30 PM PDT

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      •  Exactly (4+ / 0-)

        THAT is where we are falling short, addressing the longer term shortcomings of our economy.

        You can only deficit spend at 10+% of GDP for so long. That time must be used wisely to restructure and reform. Unfortunately that has NOT been done, so here we are 2 years later with more debt and the same problems.

        I can live with doubt and uncertainty and not knowing. I think it is much more interesting to live not knowing than to have answers that might be wrong- Feynman

        by taonow on Thu Jul 15, 2010 at 04:58:39 PM PDT

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