Austerity fails as predicted (by some): Britain back in recession

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Quote from 124nic8

Maybe you can enlighten us as to whom is "bingeing" in the US.

Public sector unions, and Democratic heavy counties like Bronx County, NY. They're the ones taking the large bulk of the money that is being borrowed by the feds.

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05-04-2012, 01:46 PM
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#77

05-04-2012, 01:51 PM

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Quote from Deusxmachina

Bill Clinton's better budgets only spent, what, like 18.5% of GDP. Paul Ryan's plan spends more than that. Romney wants to spend more than that.

How much "growth" does there need to be before we can go back to Bill Clinton's 18.5% of GDP budgets?

Under Barack Obama the budget has permanently bloated to about 22.5% of GDP.

It did so primarily because Barack Obama heavily increased the amount of government healthcare spending.

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#78

05-04-2012, 01:53 PM

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Quote from Krazen1211

Public sector unions, and Democratic heavy counties like Bronx County, NY. They're the ones taking the large bulk of the money that is being borrowed by the feds.

Link?

Quote from Krazen1211

Under Barack Obama the budget has permanently bloated to about 22.5% of GDP.

It did so primarily because Barack Obama heavily increased the amount of government healthcare spending.

You mean with Obamacare which hasn't even taken effect yet (except for minor provisions)?

Last edited by 124nic8; 05-04-2012 at 01:54 PM.. Reason: Automerged Doublepost

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#79

05-04-2012, 01:54 PM

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Quote from 124nic8

Link?

http://www.nytimes.com/interactiv...t-map.html

Quote from 124nic8

You mean with Obamacare which hasn't even taken effect yet (except for minor provisions)?

Partially, yes. Barack Obama's documents state that the next President, whether its Romney or someone else, will inherit a legacy of debt and historically high government spending.

Last edited by Krazen1211; 05-04-2012 at 01:56 PM.. Reason: Automerged Doublepost

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#80

05-04-2012, 02:13 PM

Deusxmachina

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Quote from 124nic8

Despite your failure to post a link, I found the "debate" on utube and watched part of it.

I'm glad to hear you are able to find a link to the popular debate that is the talk of the internet and which has been the talk of the last 1-1/2 pages of the other Krugman thread you post in and of which I told you posts ago in this thread to watch.

Joe Biden says Buy a Shotgun! Wackiness ensues! [youtu.be]
Keynesians have "stimulus spent" $16 trillion dollars. Where are the jobs?
Are you on Obama's Little List? [youtube.com]
The biggest tax no one talks about [washingtontimes.com]
"George Ought to Help" [youtube.com]
Keynes vs Hayek economics rap battle [youtube.com]
How the GOP stole the nomination [examiner.com]

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#81

05-04-2012, 02:18 PM

http://www.nytimes.com/interactiv...t-map.html

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Quote from Krazen1211

Looks to me like the highest levels are in the sun belt.

Quote :

Partially, yes. Barack Obama's documents state that the next President, whether its Romney or someone else, will inherit a legacy of debt and historically high government spending.

As did Obama from Bush. But spending is always higher when at war and higher as a percent of GDP during recessions.

So it seems your preduction of permanent is premature.

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#82

05-04-2012, 02:21 PM

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Quote from Deusxmachina

Still doesn't back your contention that Krugman doesn't know what money is.

If anything, his understanding is more sophisticated than yours.

Do you know what the effects of velocity are on the money supply?

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#83

05-04-2012, 05:58 PM

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Quote from 124nic8

Looks to me like the highest levels are in the sun belt.

As did Obama from Bush. But spending is always higher when at war and higher as a percent of GDP during recessions.

So it seems your preduction of permanent is premature.

No, because population matters.

Bronx County, NY has over a million people in it. It gets a lot more than those small sun belt counties.

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#84

05-05-2012, 12:12 AM

OhNoItsDEVO

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Quote from 124nic8

Saw your boy Krugman on CNN tonight.
He came off as a moron.

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#85

05-05-2012, 12:54 AM

larrymoencurly

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Quote from Deusxmachina

I was mainly poking fun at 124nic8's and so many lefties' love for Krugman (and The Fed) who continually promotes destroying the value of poor people's money and promotes apparently-endless debt to steal from and enslave their children.

That's not why you gave the empty answer that you did.

Quote from Deusxmachina

But, come on, lefties love racking up huge debt. They constantly try to do it.

But they don't constantly do it, and they have a better record of financial responsibility than your type does.

Firecracker throwers are immature and contribute nothing.

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#86

05-06-2012, 07:24 PM

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Quote from OhNoItsDEVO

Saw your boy Krugman on CNN tonight.
He came off as a moron.

^ meaningless ad hominem.

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#87

05-06-2012, 07:52 PM

larrymoencurly

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Quote from OhNoItsDEVO

Krugman on CNN tonight.
He came off as a moron.

What did Krugman say that was wrong? If you can't be specific, your opinion is worthless, including to yourself.

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#88

05-06-2012, 08:00 PM

OhNoItsDEVO - Member sinceMay 2008 Posts8,440 LocationNashville Reputation 136 Followers 1 + Give Rep	Can't even remember now. Was that really yesterday
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#89

05-06-2012, 08:03 PM

OhNoItsDEVO - Member sinceMay 2008 Posts8,440 LocationNashville Reputation 136 Followers 1 + Give Rep	I do remember a foolish sound to him...
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#90

05-06-2012, 08:27 PM

larrymoencurly

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Quote from OhNoItsDEVO :

Krugman on CNN tonight.
He came off as a moron.

Quote from larrymoencurly :

What did Krugman say that was wrong? If you can't be specific, your opinion is worthless, including to yourself.

Quote from OhNoItsDEVO

Can't even remember now. Was that really yesterday

I do remember a foolish sound to him...

No, you don't. You just don't like him or people of his general political leanings, and you probably do that without rational reason.

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