Economists warn this is not the time to cut spending

Economists warn this is not the time to cut spending August 1, 2011 3:39 am Eri

I knew that. Economics 101. The Republicans are dead set into throwing us deeper into Recession. This may end up being the Great Depression of the 21st Century. It’s just under 100 years since the last one when my parents and the parents of a lot of the people here lived through the worst economic times this country had ever seen. It may be coming again. Unless we can get rid of the Republican majority in Congress and up the Democrat majority in the Senate.

We need to raise Revenues and not by taxing the lower or middle class. Republicans are blind. I’d feel sorry for them if they weren’t so damned dangerous to our country.

Hilary would have made a better President than Obama. She has the balls to have stood up to the Republicans. Obama has turned out to be a limp-dick President.

NYT article this morning.

Okay...I don't understand. How can cutting spending be bad? by Jody 2011-08-01 13:03:25
- Maybe "bad" isn't the most useful word here. Look at the FAA situation and how it's negatively affected so many ... by mcfly 2011-08-03 11:23:02
  - So you don't think cuts to government funding will cause any hardship at all, is that it? Politics aside, the FAA ... by mcfly 2011-08-03 18:45:43
    - The private sector goal is to invest money where it will earn more money back. To make a profit. ... by TB 2011-08-03 19:38:01
      - Jesus Christ, it's like pulling goddamn teeth. Do you in fact give a shit at all about your fellow Americans? ... by mcfly 2011-08-04 05:13:32
        
        I refuse to accept the premise that turning this country into a debt-ridden statist hellhole is "giving a shit about ... by TB 2011-08-04 06:40:02
        
        One more time. The coming cuts in government spending are going to have a huge impact on [likely] many thousands ... by mcfly 2011-08-04 10:39:56
        
        Again, until the next election we're talking cuts of $22 billion. For all of 2012. When the limit ... by TB 2011-08-04 11:02:21
  - The FAA issue is mostly politics. The Federal government is spending twice the money it was in 1988. Somehow the ... by TB 2011-08-03 11:43:50
- Here you go, Jody. Tom is a one-note man. Do your own reading. From the NYT And another ... by Eri 2011-08-01 15:12:15
  - Thanks Eri...the Krugman peice is great. You know, great in a depressing sort of way. by mcfly 2011-08-03 11:15:06
    - Again, spending is not being cut. It is going to grow a bit less. Spending "cuts" between now and the ... by TB 2011-08-03 11:26:53
      - Gee, sorry TB. Did my act of thanking Eri for a link bother you? I'll be more careful in the ... by mcfly 2011-08-04 05:18:55
  - *This* is what I mean when I consider cutting spending...It is a start.. by Jody 2011-08-01 16:05:33
    - Most of this spending has one thing in common: It delivers more political power (votes, favors) to various political ... by TB 2011-08-01 16:22:45
  - A bit more from Krugman. Suddenly the deadline for the annihilation of the Milky Way Galaxy on August 2 isn't quite ... by TB 2011-08-01 15:48:15
  - I recommend Jody do her own reading from the Congressional Budget Office and other sources that carry hard information, not ... by TB 2011-08-01 15:21:17
- Number one, spending is not being cut. The spending increases over the next ten years will be smaller than ... by TB 2011-08-01 13:57:02
  - You're trying to rewrite history and it's not going to fly. The Great Depression was the fault of the ... by Eri 2011-08-01 15:19:47
    - Do some real research, Eri. And somewhere besides the New York Times and Huffington Post. by TB 2011-08-01 15:27:34
      - Here you go. A good history and analysis of the Great Depression We may be repeating some mistakes made ... by Eri 2011-08-01 22:46:46
        
        The second article was pretty good. Notice the constant thread of arbitrary, inconsistent, and usually wrong-headed government policies that ... by TB 2011-08-02 06:24:21
You could at least wait for the bait to hit the water before you bite at it. This deal is going ... by TB 2011-08-01 10:00:37

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