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  • krugman is technically - the best kind of correct!
  • Yes but fiscal cliff fiscal cliff fiscal cliff. Your argument is invalid.
  • But who will take care of the media when no one will watch them if there isn't anything grabbing you by the throat, joking fear into you?
  • I'd like to cockpunch the next jackass that utters the term "fiscal cliff"
  • MaudlinMutantMollusk: I'd like to cockpunch the next jackass that utters the term "fiscal cliff"


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  • Dr. Krugman: You should keep bacon, smoking cigarettes and drinking moonshine. You're not having a stroke right now.
  • Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?
  • thomps: Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?


    Because said groups believe less govt spending on safety net entitlements = more money in their pockets, less welfare cadillac queens.
  • Elzar: thomps: Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?

    Because said groups believe less govt spending on safety net entitlements = more money in their pockets, less welfare cadillac queens.


    but that would mean they sell fewer cadillacs and tiaras?
  • thomps: Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?


    My guess is that the billionaires paying a paltry 15% on their capital gains want to keep it that way.
  • Marcus Aurelius: thomps: Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?

    My guess is that the billionaires paying a paltry 15% on their capital gains want to keep it that way.


    yeah, i guess it only really makes sense as a way to change the subject to a lesser-evil. sorry for the threadjack, that just seemed like a really weird sentence to me.
  • He's a commie libtard, therefore his argument is invalid.

    /just preempting the FARK "independent" derp brigade.
  • thomps: Elzar: thomps: Yet there is a whole industry built around the promotion of deficit panic. Lavishly funded corporate groups keep hyping the danger of government debt and the urgency of deficit reduction now now now

    i don't understand why corporate groups would want to reduce deficit spending. or is it just being lobbied as an alternative to tax increases?

    Because said groups believe less govt spending on safety net entitlements = more money in their pockets, less welfare cadillac queens.

    but that would mean they sell fewer cadillacs and tiaras?


    Profit margins are pretty low on tiaras these days. Better to just keep the cash tucked away in the Caymans.
  • Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.

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  • FlashHarry: krugman is technically - the best kind of correct!


    You messed that up.
  • DamnYankees: FlashHarry: krugman is technically - the best kind of correct!

    You messed that up.


    Technically
  • "Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing." - Geoffrey M. Hodgson, Editor-in-Chief of the Journal of Institutional Economics

    "Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems." - Milton Friedman near the end of his life

    If they had to stand up to real life tests for their mathematically models; they'd be about as accurate as Astrologers.
  • It's easy to get confused about the fiscal thing, since everyone's talking about the "fiscal cliff." Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.

    Technically it would because austerity has been categorically proven to not raise GDP. In every single country it has been implemented, GDP fell. The single best result from austerity is the Baltic countries, which saw GDP return to 90% of pre-crash levels.

    So as GDP falls, income falls and the deficit would rise again.

    Austerity: 100% proven to not grow GDP.
  • The US is borrowing 45 cents of every dollar it spends. You try doing that and not be in a fiscal crisis.
  • MaudlinMutantMollusk: DamnYankees: FlashHarry: krugman is technically - the best kind of correct!

    You messed that up.

    Technically


    technically - the best kind of up!
  • GAT_00: It's easy to get confused about the fiscal thing, since everyone's talking about the "fiscal cliff." Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.

    Technically it would because austerity has been categorically proven to not raise GDP. In every single country it has been implemented, GDP fell. The single best result from austerity is the Baltic countries, which saw GDP return to 90% of pre-crash levels.

    So as GDP falls, income falls and the deficit would rise again.

    Austerity: 100% proven to not grow GDP.


    Who said austerity grows the GDP? Austerity is something you have to do when debt levels become unmanageable.
  • optikeye: If they had to stand up to real life tests for their mathematically models; they'd be about as accurate as Astrologers.


    my god this is a terrible sentence. if i'm interpreting it correctly, it's also the broadest brush you can possibly paint with.
  • BravadoGT: The US is borrowing 45 cents of every dollar it spends. You try doing that and not be in a fiscal crisis.


    Logic on fark? You are unwelcome here.
  • giftedmadness: GAT_00: It's easy to get confused about the fiscal thing, since everyone's talking about the "fiscal cliff." Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.

    Technically it would because austerity has been categorically proven to not raise GDP. In every single country it has been implemented, GDP fell. The single best result from austerity is the Baltic countries, which saw GDP return to 90% of pre-crash levels.

    So as GDP falls, income falls and the deficit would rise again.

    Austerity: 100% proven to not grow GDP.

    Who said austerity grows the GDP? Austerity is something you have to do when debt levels become unmanageable.


    so, since the most useful way to look at debt and deficits is in comparison to gdp, the question becomes: does austerity cause steeper drops in gdp or debt levels?
  • BravadoGT: The US is borrowing 45 cents of every dollar it spends. You try doing that and not be in a fiscal crisis.


    No problem, as long as I can print my own money to pay it back.
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