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Author Topic: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"  (Read 2011 times)

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Offline CC27

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Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« on: December 14, 2010, 05:21:16 PM »
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stopbush Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Dec-14-10 06:15 PM
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Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"   Updated at 10:17 PM
   
About a month or so ago, the argument was rightly made that the government needed to get money into the system through stimulative efforts because the private sector wasn't spending money creating jobs or investing.

The notion - supported by Krugman and others - was that if the private sector isn't pumping money into the economy, the government has to step in and do so to keep the economy from collapsing and, hopefully, lifting the economy on the road to recovery. Krugman was one who said (rightly, IMO) that the first Obama stimulus wasn't big enough.

On the other side of the aisle, we had Rs arguing that nothing was worse than deficit spending, that it had to be avoided at all costs, and that any stimulative measures needed to be offset by spending cuts ("you want to extend unemployment benefits, then cut something else."). This from a party that ran up deficits under bush that were massive, and that was with them putting the biggest unpaid-for deficit growers off budget, like the wars and the prescription drug plan.

After Obama's tax cut compromise, it seems that many Ds have taken up the RW mantra on deficits. Every other thread on DU is pissing and moaning about deficits being the worst thing imaginable. Are they? Is there a way to NOT add to the deficit right now to stimulate the economy? If there is, I'd like to hear it.

We can argue the fine points - what KIND of stimulus spending actually helps the economy (ie: unemployment benefits, big help; tax cuts for rich people, not so much) - but the reality of the situation is that whether a particular form of stimulus spending reaps a pile of gold or a pile of shit, it ALL adds to the deficit.

Most of the threads I'm reading here are not arguing the fine points. They're peddling the RW meme that deficits are the worst thing that can happen in today's economy.

Why is that?

I am having way too much fun  bringing over threads today.  :lmao:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x10029
« Last Edit: December 14, 2010, 05:23:30 PM by CC27 »
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Online SSG Snuggle Bunny

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #1 on: December 14, 2010, 06:01:41 PM »
From March 2008

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Those who know Goolsbee, 38, describe him as a committed centrist. He favors a variety of tax cuts and credits to accomplish Obama's major goals for health care, education, housing, and reducing poverty, and he is considered a fairly strong voice against deficit spending.

http://news.nationaljournal.com/articles/080331nj1.htm
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Offline jukin

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #2 on: December 14, 2010, 06:24:55 PM »
1+1=POTATO!!!!1111!!!!ELEVENTY

Sadly, the Ivy League Bozos that are in charge of monetary policy in Obama's reign of incompetence would make the DUmpmonkeys look smart.
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Offline true_blood

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #3 on: December 14, 2010, 06:45:41 PM »
Here is another little gem of stupidity.
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girl gone mad  Donating Member  (1000+ posts)     Tue Dec-14-10 06:31 PM
Response to Reply #12
19. This ^^^is the correct answer.
Deficits which lead to economic development and expansion are good. Deficits which amount to the top 1% looting our national treasury, leaving us less prepared to meet future demands, are bad.
So deficits are good, but deficits are bad?  :wtf2:
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Offline blitzkrieg_17

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #4 on: December 14, 2010, 07:21:46 PM »
^Orwellian doublespeak.
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Offline Carl

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #5 on: December 14, 2010, 07:28:22 PM »
It is always the same...anything that can give me FREEEEEEEEEE stuff is a good thing and needs to be done at all costs.

Anything that lets someone else keep what they already have is bad.
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Offline Freeper

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #6 on: December 14, 2010, 07:43:36 PM »
Quote from: true_blood on December 14, 2010, 06:45:41 PM
Here is another little gem of stupidity.So deficits are good, but deficits are bad?  :wtf2:

They just hate the rich keeping their own money so they dream up this shit to say how bad low taxes are.
I also can't understand how not taxing the rich to death is somehow a give away. Yet "free healthcare" and things like that aren't give aways.
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Offline true_blood

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #7 on: December 14, 2010, 07:55:56 PM »
Quote from: Freeper on December 14, 2010, 07:43:36 PM
They just hate the rich keeping their own money so they dream up this shit to say how bad low taxes are.
I also can't understand how not taxing the rich to death is somehow a give away. Yet "free healthcare" and things like that aren't give aways.

It's a mental disorder. I'm convinced. :-)
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Offline AllosaursRus

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #8 on: December 14, 2010, 08:05:42 PM »
Quote from: Freeper on December 14, 2010, 07:43:36 PM
They just hate the rich keeping their own money so they dream up this shit to say how bad low taxes are.
I also can't understand how not taxing the rich to death is somehow a give away. Yet "free healthcare" and things like that aren't give aways.


It's pretty easy actually! Anything over 30 thou belongs to the gubmint, and they get to tell ya how much you can keep!

See, it's simple!

E=MyMoney/Gubmint²
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Offline NHSparky

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #9 on: December 15, 2010, 06:28:25 AM »
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Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"   


Gee, could it have anything to do with the blue streak you were bitching up when the deficit was ONE-FIFTH what it is now?

Funny how I never hear that "record deficit" talking point brought up anymore.  No bashing of Reagan's spending, Bush's spending, yadda yadda yadda...
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Offline DumbAss Tanker

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #10 on: December 15, 2010, 09:02:22 AM »
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stopbush Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Dec-14-10 06:15 PM
Original message
Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"   Updated at 10:17 PM

Probably has something to do with an annoying little mental defect they picked up from reading boards banned by the hive mind, which tricks their brains into being able to see that actions have consequences.  It's that whole 'Cause and effect' thing, you wouldn't understand.
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Offline Randy

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #11 on: December 15, 2010, 11:09:42 AM »
Alright! DUmmie stopbush wants to see what deficit spending is all about huh?

Here's what I propose DUmmie. You are now the proud owner of our latest and greatest 1.1 trillion dollar porkulus deficit. I on behalf of all citizens of the US applaud you for taking on this massive debt for us.

Just remember to make those monthly interest payments on time. You being the debt holder aren't allowed to default on this at any time. You HAVE to make those payments on time.

Plus every so often, usually around tax time you should really try to throw a little towards the principal. Don't worry to much about that though, you can let your great great great grandkids worry about that. Just keep those interest payments rolling in though so your democrats can keep spending our asses off k?

After 10 years or so check in and let us know how you feel about deficit spending.

moron

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Offline Wineslob

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #12 on: December 15, 2010, 02:04:54 PM »
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About a month or so ago, the argument was rightly made that the government needed to get money into the system through stimulative efforts because the private sector wasn't spending money creating jobs or investing.

This much stoopid should cause instant death.
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Offline jukin

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Re: Why Have So Many DUers Bought The RW Meme That "Deficits Spell Doom?"
« Reply #13 on: December 15, 2010, 02:25:07 PM »
Interest rates in the last two months have gone up 28%.  I super smart treasury tax cheat secretary was so scary intelligent that he financed our debt at low rates......and short terms. 
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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.
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