Quote :

"^ so you lament the earlier advent of nuclear and space technologies?"

I do. We have no way of knowing what technology government spending has deprived us. For all we know, we could have colonized mars by now if the productive might of the American people was freed from the constant need to break windows, re-dig ditches, and bid for patronage.

4/5/2010 7:21:45 PM

For those who are worried about further inflation, I'll just refer to the basic Phillips Curve:

4/5/2010 8:03:04 PM

Quote :

"Strangely the implementation of FDR's Keynesian principles correlated with the revival of the economy."

only, not really. if it did, then the depression wouldn't have dragged on in to WWII.

Quote :

"Most americans gave him credit for it"

because they are spoon-fed this line in school.

4/5/2010 8:26:40 PM

Quote :

"Most americans gave him credit for it"

They didn't at the time. He barely won in '36 and only won in 1940 because he promised to maintain the peace and his opponent believed war was inevitable.

4/5/2010 8:48:59 PM

Not to mention the fact that he ran in '32 on the policy of reversing Hoover's big government agenda.

4/5/2010 8:59:52 PM

Haha, I knew someone would blue this.

4/13/2010 1:33:56 PM

Someone should blue this:

4/13/2010 2:24:20 PM

I noticed today they mentioned that real income went down 3.2%. Fabulous

4/13/2010 4:36:56 PM

not for govt employees, and I think they are extending unemployment yet again.

4/13/2010 5:18:52 PM

Quote :

"Someone should blue this: "

lol. pwnt

4/13/2010 6:44:03 PM

Oh, so NOW. NOW we should trust the CBO estimates? Jesus, you reactionary conservatives aren't terribly consistent with your criticisms.

4/13/2010 7:06:19 PM

^^hey. let's take a chart from june of last year that means absolutely nothing now because it makes the dems look the worst!

4/13/2010 7:08:06 PM

The point is that the CBO can only work with what they're given by Congress. If they're coming up with those kind of deficit projections, then the deficits will probably be much worse in reality.

4/13/2010 7:08:14 PM

except that that is a projection based on an irrelevant situation. (also, during recessions, CBO is often more pessimistic about recoveries)

also, they have been given a new law by congress since that plot has been made. go here to find the most recent data:
http://www.cbo.gov/ftpdocs/108xx/doc10871/BudgetOutlook2010_Jan.cfm

[Edited on April 13, 2010 at 7:14 PM. Reason : .]

4/13/2010 7:11:59 PM

I don't know what that particular projection is based off of, since the only thing in this thread is a graph with no explanation. Pretty sure the CBO is still projecting increased deficits over the next 10 years, though. If they weren't, no one would take them seriously. There aren't any substantial cuts being made right now. We're just increasing spending and thinking that the deficit will take care of itself.

4/13/2010 7:14:50 PM

and if you really want to dive into the numbers:

http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf

4/13/2010 7:18:06 PM

Repugs want the economy to fail.

4/13/2010 8:11:38 PM

Yeah, man. It really makes sense to want the economy to fail. I'd love to lose my job, lose my savings, and lose my chance to improve my lot in life so I can tell everyone "I told you so" on TWW.

4/13/2010 8:15:40 PM

Explain Limbaugh, then.

4/13/2010 8:16:29 PM

I don't listen to Rush, but is it possible that he actually believes policies coming out of the Democratic parties are harmful? I believe that, and it's not for partisan reasons.

4/13/2010 8:19:23 PM

^^ Nothing to explain. While I despise Rush Limbaugh, he said he wanted the President to fail because he believed the nation would succeed if he did so.

Quote :

"Repugs want the economy The party out of power inevitably wants the party in power to fail."

You act as if this is your first go around in politics.

Quote :

"For those who are worried about further inflation, I'll just refer to the basic Phillips Curve"

And I'll refer you, and your curve, to the Jimmy Carter administration.

[Edited on April 14, 2010 at 7:34 AM. Reason : .]

4/14/2010 7:32:31 AM