Si modo
Diamond Member
So, Obama spends MORE and the economy is in the shitter.They won't come grips with that idea because it is not true.
The economy is depressed because everyone is trying to save, but the weak economy makes for more debt. Spending is what is needed to break the vicious circle.
And it is hard to convince people that more spending and lower taxes (a.k.a Obama stimulus) were bad for economy, but less spending and higher taxes (fiscal cliff) would be just as bad. Many people are smart enough to see the contradiction.
It was telling that during the second "town hall" debate, there were many questions about jobs, but no one cared to ask how the candidates are planning to deal with deficits.
when will you keneysians ever get a grip...?
When the evidence starts contradicting the theory. So far it only confirms it.
And no, bumper stickers do not count as a valid argument.
one option you didn't mention is less spending and less taxes..
Taxes don't matter much (cutting them only increases the deficits), but the spending cuts weaken the economy real bad. Enough to make paying off the debt even harder. Greece is a perfect example of that policy failure. It was forced to make deep cuts and now its economy is again in deep recession (it shrank 6.2% in the second quarter).
Yup, that works real well.