College Students in Favor of Wealth Distribution...

Discussion in 'Politics' started by bugscoe, Aug 21, 2011.

  1. That's a myopic view. "Works" at what future cost might I ask? It's not unlike the Federal Reserve dropping rates to record lows in the post tech bubble/bust to accelerate demand at a great future cost.

    All any sort of artificial stimulus, either by way of massive government spending OR artificially repressed interest rates, is create a massive short term bubble of borrow and spend. Then the hangover hits and the only prescription central banks and/or governments know, is to repeat the cycle until the system goes tilt.
     
    #61     Aug 23, 2011
  2. I can't comment on China's stimulus plan or its effects.

    I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.
     
    #62     Aug 23, 2011
  3. Ricter

    Ricter

    A fair point.
     
    #63     Aug 23, 2011
  4. Why do you even bother responding to him?

    He's either stupid as a box of rocks, or intentionally trying to yank people's chains. (I think it's the former... you need to be clever to figure out how to keep pushing people's buttons.... and I doubt he is clever, at all!)
     
    #64     Aug 23, 2011
  5. The days of US World Supremacy are ending.
     
    #65     Aug 23, 2011
  6. Ricter

    Ricter

    He's twice the man you are.
     
    #66     Aug 23, 2011
  7. I disagree on your assessment of the motives for the president wanting more stimulus. I think he believes that is the right thing to do.
     
    #67     Aug 24, 2011
  8. bone

    bone

    Is it true that some college students apply for food stamps and get them ?
     
    #68     Aug 24, 2011