Subject: Re: $1.1 trillion deficit... discuss
On Thursday, February 8, 2018 at 11:00:41 AM UTC-5, jim brown wrote:
> On Thursday, February 8, 2018 at 9:18:42 AM UTC-5, tim.vanwa...@gmail.com wrote:
> > I know that the Republican dogma is traditionally anti-Keynesian, but that previously didn’t
mean cutting taxes and increasing government spending when the economy is already in danger of
> > So now we have a consistent pattern of Democratic Presidents inheriting large deficits and
cutting them dramatically over their terms followed by Republican Presidents immediately blowing
those deficits back up.
> > As a squishy fiscal conservative, this just raises so much cognitive dissonance in me, I would
love to know how others are processing this.
> Ha! Obama's only looks good by using the very, very abnormal baseline of 2009, some of which was
attributed to Obama's bailout spending. Otherwise, W has a much better tract record, and his were
> Clinton fell into his non deficit years, mostly attributed to anyone BUT Clinton.
> I've complained about deficit spending my entire adulthood. Its reprehensible, the lack of
conscience that is shown for spending at the govt level. W's supporters ignored his spending,
Obama's supporters told us deficit spending is good for the economy...needed, in fact.
And we were right.
Deficit spending is good for the economy when it's in recession and needs the stimulus.
When the economy is strong is when you're supposed to pull back on deficits..
The Democrats practiced this. The economy was good during the Clinton years and he took the
opportunity to eliminate the deficit. Obama inherited a recession and increased the deficit to
stimulate the economy, then reduced it as the economy recovered. Trump inherited a strong economy
and still blew up the deficit, which is what is irresponsible.