IMF admits it got the effects of Austerity wrong

[Doc Savage Fan]

No, I'm rebutting the poster who says no President has cut spending. It naturally turns into a D vs R thing when facts get involved.

Then I assume that you prefer to use the % of GDP metric to make your "point" as using overall spending as a metric is a losing argument for you.

 

[Juror No. 8]

All that matters is where the government spending goes, even if it is wasteful. If the government overpays for some military technology, but all that extra money goes to American workers and is pumped right back into the economy in the form of demand, then things will be just fine.

It looks to me like you have a faith-based approach to economics.

"If the government overspends on a big Military-Industrial Complex pork project, it's no big deal as long as it occurs within the United States! The money will eventually just trickle down to the American people! It'll magically sort itself out! Trust me! The check is in the mail!"

Is this really the kind of stuff they are teaching in government education/indoctrination centers these days?

 

[Doc Savage Fan]

It looks to me like you have a faith-based approach to economics.

"If the government overspends on a big Military-Industrial Complex pork project, it's no big deal as long as it occurs within the United States! The money will eventually just trickle down to the American people! It'll magically sort itself out! Trust me! The check is in the mail!"

Is this really the kind of stuff they are teaching in government education/indoctrination centers these days?

Just another twist to trickle-down Reaganomics...both don't work.

 

[Juror No. 8]

Just another twist to trickle-down Reaganomics...both don't work.

This, of course, assumes that such an economic policy was ever designed to "work".

I don't make that assumption.

 

[dank69]

Then I assume that you prefer to use the % of GDP metric to make your "point" as using overall spending as a metric is a losing argument for you.

That is the metric that makes sense in the real world. If I just prefered to make my point as you claim, then I would prefer to use his original statement that spending cuts only occur when the total spending for a year is less than the previous year because that did actually happen under Obama. He painted himself into a corner. I'm not sure why you are trying so hard to defend him.

 

[dank69]

It looks to me like you have a faith-based approach to economics.

...

That's because you are a clueless idiot.

"If the government overspends on a big Military-Industrial Complex pork project, it's no big deal as long as it occurs within the United States! The money will eventually just trickle down to the American people! It'll magically sort itself out! Trust me! The check is in the mail!"

Nice misrepresentation of what I said. Adults call that a straw man.

Is this really the kind of stuff they are teaching in government education/indoctrination centers these days?

You'd have to tell me, you are probably much closer to school age than I am.

 

[Nemesis 1]

All that matters is where the government spending goes, even if it is wasteful. If the government overpays for some military technology, but all that extra money goes to American workers and is pumped right back into the economy in the form of demand, then things will be just fine. If that extra money goes to paying salaries in China, then we have a problem. If it goes into a billionaire's pocket when he can't possibly spend the money he already has, then we have a problem.

Check average wages in 1970 . than in 2012 . Adjust those wages to real inflation andd compare what the average wages should be, If gooberment over pays it does not find its way the workers pocket . Why do demons lie about everthing . I don't know whos worse repulsives or demons .

All you have to do is do the math and adjust for inflation to find your talking pure fiction . In 1970 I worked for wilson meet packaging I brought home $500 dollars take home after taxes and SS. Today Hormel employees don't take home that kind of money .

 

[Thump553]

Check average wages in 1970 . than in 2012 . Adjust those wages to real inflation andd compare what the average wages should be, If gooberment over pays it does not find its way the workers pocket . Why do demons lie about everthing . I don't know whos worse repulsives or demons .

All you have to do is do the math and adjust for inflation to find your talking pure fiction . In 1970 I worked for wilson meet packaging I brought home $500 dollars take home after taxes and SS. Today Hormel employees don't take home that kind of money .

Somewhere in there you apparently have some sort of idea you are trying to communicate. As others have pointed out you should at least make some attempt to spell correctly, use the proper words and some form of sentence structure. When people have to guess what you mean 99% of them will instead just skip over what you wrote completely.

You make an effort to participate in P&N so you must be trying to say something. Editing and rereading your thoughts before posting will probably do a world of good.

Trying to be honestly critiquing your posts and not to put you down.

 

[dank69]

All that matters is where the government spending goes, even if it is wasteful. If the government overpays for some military technology, but all that extra money goes to American workers and is pumped right back into the economy in the form of demand, then things will be just fine. If that extra money goes to paying salaries in China, then we have a problem. If it goes into a billionaire's pocket when he can't possibly spend the money he already has, then we have a problem.

Check average wages in 1970 . than in 2012 . Adjust those wages to real inflation andd compare what the average wages should be, If gooberment over pays it does not find its way the workers pocket . Why do demons lie about everthing . I don't know whos worse repulsives or demons .

All you have to do is do the math and adjust for inflation to find your talking pure fiction . In 1970 I worked for wilson meet packaging I brought home $500 dollars take home after taxes and SS. Today Hormel employees don't take home that kind of money .

I highlighted some very important words in my post. I would never claim that money spent on a military project all makes it's way to American workers. I was making the point that the important thing is to make sure the money goes where it needs to go and not where it will hurt our country.

 

[Juror No. 8]

That's because you are a clueless idiot.

Says the guy who believes that the government wasting money on domestic pork projects is somehow beneficial to the American people.

Nice misrepresentation of what I said. Adults call that a straw man.

If that's a straw man, you don't know what a straw man is. My representation of what you said is right on the money. Here is what you said:

All that matters is where the government spending goes, even if it is wasteful. If the government overpays for some military technology, but all that extra money goes to American workers and is pumped right back into the economy in the form of demand, then things will be just fine.

Translation: Hey, even if the government overspends/wastes money on military pork, as long as it trickles down to American workers, all is well!

You'd have to tell me, you are probably much closer to school age than I am.

Perhaps that explains your senility then?

 

[DCal430]

The U.S needs to get out of the IMF and World Bank, along with the WTO and the GATT treaty. All these groups do is help the rich exploit the poor in the world. These groups are one of the biggest reasons why so much of Africa is all messed up.

 

[Nemesis 1]

Somewhere in there you apparently have some sort of idea you are trying to communicate. As others have pointed out you should at least make some attempt to spell correctly, use the proper words and some form of sentence structure. When people have to guess what you mean 99% of them will instead just skip over what you wrote completely.

You make an effort to participate in P&N so you must be trying to say something. Editing and rereading your thoughts before posting will probably do a world of good.

Trying to be honestly critiquing your posts and not to put you down.

Yes its funny. my spelling grammmer hard for ya , as it is for me. From my perspective others perfectly structured sentance are jibberish to me . Not because of Grammer spelling but content . When men debate a leaders qualities based on Party rather than the man . I cann't comprehind this people . When I try its ugly what I see . Welfare types and big gooberment types not caring about what best for America but self only . Baby murders gay marriage rights ect ect ect . its all jibberish and nothing they say is sincere. I may confound with poor grammer/spelling . Thats alot better than perfect grammer structure that lacks reasoning. Just empty meaningless words. Besides I a man of my word . If there is election this year you won't have to worry about my poor grammer any longer . I said I would leave and I will. Besides our organization if their is an election has much to do to prepare. I am the only one without weapons and I had the best weapons for a time but I couldn't use them anyway . Not only that once you say it online you best lose the weapons

 

[dainthomas]

Exactly correct. As Eagle and others have stated in this thread, the 'surplus' was a 10yr forward projection (as all projections are) based on then current, but unsustainable cap gains tax revenue driven primarily by an unsustainable internet bubble.

There was no Clinton surplus. And absolute government spending continued to increase every single year. We all need to get away from bullshitting ourselves into believing that 'slowing the rate of growth in spending' actually qualifies as a cut. NO IT DOES NOT. Only absolute spending cuts, where the number in the following year is LOWER than the previous year, is a cut.

I would say an amount lower than inflation would also be a cut.