Compromise: Raise taxes 10%, reduce spending 10%

We've run deficits, with a few exceptions, every year for over 200 years. Alexander Hamilton deliberately created American debt.

What you are doing is mythology, not economics.

 

I don't usually run across people who feel so strongly that we must continue running deficits but...OK.

 

It's macroeconomics, not feelings..

You're using the wrong tool for the job.

 

You can clearly see in this thread why the US economy is inevitably going to be headed to suicide.
The Right can't compromise, and the Left certainly is not willing to compromise. The nation will keep getting into more and more debt, until that debt eventually causes something bad to happen.

 

Macroeconomics argues that we need to run budget deficits in perpetuity? I don't recall that from my Macro class.

 

Not what I said, has this become the Fiction Forum?

 

What you said is, "It's macroeconomics, not feelings.." so feel free to explain how macroeconomics demands that we have deficit spending in perpetuity.

 

Not what I said.

Since you're down to repeating things I didn't say, I am going to assume you can't respond on point.

 

I could respond, if you ever actually make an argument. Since you refuse to, I'm not sure why you want this back and forth. Lonely?

 

I think it's a good idea.

 

I did, you couldn't respond.

End of story.

 

...and I asked how macroeconomics justifies endless deficits and you refused to answer. I get it, you didn't think anyone would actually ask you what exactly your argument is, so if you want to flee the thread, I understand.

 

Just for giggles, you are using microeconomic ideas in a macroeconomic environment.

 

I thought this was the "end of story?"

Ha! OK give me your idea that macroeconomics commands permanent budget deficits...go!

 

They would just increase spending later, and since apprently printing money 'doesnt cause inflation', theres no reason to pay any taxes anyway.

 

As expected, nothing.

Besides that brain dead comment, of course.

 

So you don't have an answer?

 

I asked first, and if you took a class in Macroeconomics, you ought to be able to talk about it.

 

Responded already.

So what have you learned from macroeconomics that tells you we should run deficits forever?

 

That's not an answer.

I think you've bought into some kooky economic theory and don't want to admit that it doesn't work for beans in a macroeconomic environment.

 

raise taxes 10% on the rich

cut military spending by 10%

 

let's just go back to the tax rates under Reagan

 

tax cuts for the rich combined with excessive foreign outsourcing and excessive foreign imports is the real issue

greedy Corporatism is killing Capitalism

we got are whole arm in Pandora's Box now, really gonna hurt removing it

 

You brought up macroeconomics as an explanation to your idea of permanent budget deficits, but you've been unable to elaborate on it since. It's obvious that the whole thing was a bluff and you never knew what you were talking about.

 

Well the Democrats own the House. They can do that any time.