Quote (njaguar @ Mar 29 2012 08:22am)
For instance, the income grew at a rate of about 4.45x from 1980 to 2011, while the deficit grew at a rate of about 6.10x. Health care spending by the government during that same time increased by 15.47x. Chart these out, and see how that works out. You cannot "grow" your way out of this
Thats because we
didn't grow during that time. We went into a recession, the biggest this country has seen since the 30's, since the dust bowl.
Its not exactly a groundbreaking or controversial claim to say that 3% stable growth leads to a healthier economy.
The deficit will grow during recessions while income will shrink- because the government needs to spend, spend, spend to stimulate the economy and get it back on track. Thats the keynesian economics, that whether you agree with it or not, has been guiding this economy for decades now. Once the economy is back out of the recession and growing again, the deficit will shrink while the income will raise. Thats just basic economics, nobody disagrees with that. Now historically, republicans have disagreed about
how to beef up the economy,
how to get us out of recessions. By tax breaks instead of stimulus, by helping the wealthy, by eliminating regulations. And theres at least some grain of merit there, sure. But the argument ways always about how to improve the economy.
The thought that "even if the economy improves stably and strongly, the deficit will not shrink", is rather odd. Sure, an irresponsible government could redirect taxes that should be used for reducing the national debt towards things like either unnecessary social programs or tax cuts, and refunds for the wealth top 1%. And we've seen that before. But barring those factors, it would be economically inexplicable to say that the national debt would rise faster than a strong economy. That just doesn't make sense
If we're going to pay off the national debt, there is one way and one way only- by growing the economy. Social programs and tax cuts for the wealthy don't set the terms of the game, they aren't where the money comes
from, they're where the money goes
to. Those are just ways of talking about spending money we don't have, money we need to earn- and money that we are earning right now, and on track to earning. Cutting social programs while sabotaging the economy would accomplish nothing, since then we wouldn't have the money and we wouldn't be spending it. Cutting taxes on the wealthy proportionate to the rise in the economy wouldn't accomplish anything, since we'd be pissing away the money as we earned it. Striking the balance is the only way forward
Quote (njaguar @ Mar 29 2012 08:32am)
Also, Goomshill can vouch that he's not banned, and him and I have had plenty of disagreements in many topics for a long time. Nice try though, I don't ban people for disagreeing with me.
We're debating economic policy, not unisex bathrooms, right?
This post was edited by Goomshill on Mar 29 2012 08:38am