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View Diary: EPI analysis: Simpson-Bowles proposal would cost 4 million jobs (180 comments)

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  •  And what about 1938 or 1939? (0+ / 0-)

    All of your "pent up demand" simply vanished and the Great Depression was back in full force.  Unemployment in 1938 was still nearly 20% and did not fall under double digits until 1942.

    •  s'what happens when you cut job stim by 60% (0+ / 0-)

      you get RECESSION just for trying to cut the deficit. darn.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Sat Nov 27, 2010 at 03:36:37 PM PST

      [ Parent ]

      •  Right, exactly what Obama and his deficit (0+ / 0-)

        reduction commission want to do now.  That is the point of this diary.  Reduce government demand, increase unemployment.  "Pent up demand" is just BS.

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