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View Diary: Businessweek: Republican leaders voted for debt they blame on Obama (71 comments)

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  •  nonsense (0+ / 0-)

    The debt is a nonissue. It's standard Keynesian economics----the same economics that surged our economy through the 40's, 50's, 60's and 70's--until it was overturned by the supply-side free-marketers who led us into three decades of economic disaster.

    "The debt" is just another excuse for the wingnuts to starve the beast--to eliminate government completely by eliminating its funding.

    Economically, what we NEED right now is large-scale government deficit spending.

    •  Hmmmmm (0+ / 0-)

      Lenny, Lenny....you're not serious, are ya?

      "Large scale deficit spending"????

      More borrowing...more deficits...more debt???

      And, you think somehow there's going to be a point when we're going to be able to pay all that back?  

      An economist you're not, my friend...and I do admire a lot of what you post here...but this one?  not so much.

      Can't continue with more and more deficit spending just for a short term gain in our populace...somewhere along the line it's gonna have to be paid back dude.

      I've got some kids and grandkids and don't want them to be strapped with that debt we laid on them.  If you do, well, that's just you, guy.

      -- **Nothing sucks more than that moment during an argument when you realize you're wrong.**

      by r2did2 on Tue Jul 26, 2011 at 01:40:15 PM PDT

      [ Parent ]

      •  nonsense again (1+ / 0-)
        Recommended by:
        Sychotic1

        Keyenesian deficit spending was mainstream economics for half a century, and still is in most countries.  It was a successful strategy since the 40's.

        It is precisely the supply-side crapola that argues against deficits that led us to disaster to begin with.

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