Approaching 19,000,000,000,000 debt. solutions?

Well that's the second question isn't it - rather than "how do we get rid of the debt", "is it even desirable to do so?".

We're all Keynesians now. Why reduce the debt when you can boost aggregate demand by running around breaking windows?

 

The fact are what they are. And I wouldn't be talking about distorted reality when you refer to a political party that doesn't exist.

 

I'm actually a Post Keynesian. J.M Keynes' work was very misunderstood and perverted in order to fit in the neoclassical economic theories. But in my own book I expanded on that to point out that no matter what economic stimulus is attempted, the economy will only improve when consumers and business owners have greater expectations of the future and less uncertainty about the future. And that's why Obama hasn't been able to make much headway with the economy. Most of us don't trust him, especially when he adds greater uncertainty by creating more debt with ACA and more government spending.

If the next election gives us a true conservative who will to do the things we want for the future, then the economy will finally turnaround faster than we can imagine. It's all up to us and how the election turns out. Everything will fall into place almost like magic.

Steve

 

You are a waste of my time. The democrat's propaganda is all you know or want to know.

Steve

 

Since you wrote your own book on economics (maybe you can let us know which book it is, so we can check it out), then you will probably realize that our economy has been limited by aggregate demand for quite some time (there are actually prominent economists, like Stiglitz, saying this, so it is not just my word). However, if a "true conservative" would get into power, they probably would cut taxes (for the rich) and spending, further reducing already low demand. How that would stimulate our economy is beyond me.

BTW: The GOP has done as much, if not more damage as Obama in the "uncertainty" category. By doing everything, including the threats of government shutdown, and dangling the carrot of repealing the ACA, they do a lot of their own in keeping consumers uncertain.

 

Thank you for making my point.

Your response to my original comment was full of demonstrably false claims, none of which you made even the slightest attempt to defend. Then you threw in the perjorative "democrat" party.

You may want to consider refraining from lecturing anyone about "propoganda", if you're going to make false claims, which you can't or won't defend, and throw insults.

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I think our friend here is talking through his hat.

 

Who exactly is this true conservative and what exactly are they proposing that will cause everything to fall into place like magic?

 

when we start a 10+ year war we should increase taxes on the rich, when we start two wars we should raise them more

we have lowered the taxes on the rich so much and they have outsourced so many American jobs and imported so many goods, that the debt is rising

so my plan

1. raise taxes on the rich
2. remove tax breaks from companies that outsource
3. have a import tax on goods and services
4. raise the min wage

if we do not bring the jobs back home, the debt will continue to rise, foreign outsourcing is killing this nation

.

 

So inherit $200,000,000 from your dad, and then use bankruptcy laws in your favor to turn a profit? Awesome idea!

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That seems reasonable which means it will be completely ignored except for the requisite summary dismissal.

 

You mean just like when GM and Chrysler went bankrupt and got rescued by tax payers, then went on to build factories in China, Canada, and Mexico, instead of America?

 

List all the new factories that GM and Chrysler have built since 2009. Or did you make this one up too?

 

My idea work to become self-sufficient as a nation, set-up rationing for essentials if needed, work on food production to meet the nations needs so we can feed everyone and bring all military forces back home or our defense then refuse to repay the debt and reset our currency looking inward, then point out nuclear deterrent if anyone decides to use force to get their money back (a MAD strategy). Then wait the hell that happens out as we make North America a Fortress with Canada who will have not much choice but go along if they want to survive to. And deploy military forces to our border with Mexico sealing it off. After fifty years we can begin opening up again debt free and likely in passing shape.

Of course it means government cost controls and other measures to make sure everyone is provided for whose a citizen, and laws and maybe a Constitutional Amendment stripping non-citizens of privileges and rights to economic, educational and health care access to reduce pressure on the system. After the USA becomes essentially an armed neutral power for half a century.

 

GOP, DNC, makes no difference. The fact is our government is SO "F"ing large and unaccountable neither party will dare suggest it's reduction. Our government's first response to every critic is they need to spend more, never suggesting they can spend it more wisely or efficiently. Just look at the $$$ they pissed away on designing a fairly simple frikkin ACA database! Now multiply it times 10,000 other never ending programs, many of them redundant, that are run equally as bad and you start to get a glimpse at why we're running up trillions in new debt. Taxing the rich isn't a solution, it's a low information political talking point, period.

 

A government declaring bankruptcy and defaulting on debts is significantly different than the declaration of Bankruptcy by a person who buys a few casinos and runs them into the ground.

 

My post sang the praises of the GOP and their policies, didn't that make you happy?

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your sarcasm is wasted on me. I have zero respect for either party. Neither one will rollback waste or spending, they'll just create more programs, add more layers of incompetence to shield the existing and keep the push for more government alive and well. There a few good men in Washington, but it'll take new GOP party leadership for them to accomplish anything meaningful & it ain't in the cards. I mostly disagree with progressives, but I detest the unprincipled cowards running the GOP.

 

But you want the guy who "ran a few casinos into the ground" to be President?

No kidding.

A bankrupt CASINO? How does that even HAPPEN...

 

lol, too funny. You guys need to come up with better burns.

Trumps a billionaire....

 

Already got that in one post. Thanks for reading!

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Believe it is called skimming!

 

Wouldn't have have been necessary if Shrub hadn't cratered the entire banking system and the US economy.

 

Well if you actually wrote a book on the economy ( probably Vanity Press ) that relays on magic then you must be a Conservative. OF course the magic trick of " trickle down" hasn't worked in the past but don't let that stop you from believing.

And am still waiting for you to provide some rational as to why my debt reduction proposals would not work.

 

Unfortunately, the economic platforms of the majority of the GOP candidates relies on that exact same magic: Cut taxes for the rich, and magically the GDP will grow by 4-6%, making the tax cuts deficit neutral.

And part of the electorate, like Stevew, is lapping that up as a viable economic platform, since their explanation to everything in life is the magic of the free market, no other info needed. Plus, they try to sell this tired and old idea that is almost the ONLY major issue the GOP always runs on as something fresh and new.

 

I never said debt reduction doesn't work. I said a better way is encourage economic growth. Based on your statement, you haven't got a clue what a Post Keynesian is. So don't embarrass yourself further.

Steve

 

If you are referring to your list in post number #26, it wasn't debt reduction that I objected to. Several on your list would further inhibit economic growth. Open your eyes and see the current example of Obama's policies and stagnating anemic economy. It isn't up to me to teach you economics, but I've said enough to get you started on the right track in several of my posts here.

. . . and try to improve those reading skills while you're at it.

Steve

 

Is there ANY TAX or regulation that does not inhibit economic growth
Which gets us to the conservative utopia of zero tax and zero regulation

As for economic stagnation, most people with no political agenda consider us economic performance as strong.