01 Feb '12 12:42>
Originally posted by skipper2666Well may Americans laugh - you have your cake and eat it there. You see the US is benefitting to a degree from some Keynesian economics, supporting jobs, all against the will of Republicans, while Europe is suffering from a manic insistence on balanced budgets and slashing public spending. Europe is doing what the Republicans want Americans to do and getting the inevitable result. Hopefully for your sakes, O'Bama will save you from your own worst excesses.
Try this Greek story out, is this the new model for Europe in the coming few years?
http://uk.news.yahoo.com/--i%E2%80%99ve-stopped-watching-the-news--every-day-feels-like-groundhog-day.html
Originally posted by finneganHoly Orwell, Batman!
Well may Americans laugh - you have your cake and eat it there. You see the US is benefitting to a degree from some Keynesian economics, supporting jobs, all against the will of Republicans, while Europe is suffering from a manic insistence on balanced budgets and slashing public spending. Europe is doing what the Republicans want Americans to do and getti ...[text shortened]... inevitable result. Hopefully for your sakes, O'Bama will save you from your own worst excesses.
Originally posted by Sleepyguy+1
Holy Orwell, Batman!
Europe isn't suffering from balanced budgets. Europe is suffering from excesses. And Obama isn't saving us from excesses, he's sending us down the same friggin path as Europe. And no one's laughing.
Originally posted by sh76But we are still printing our cake and eating it too.
And as bad as our excesses are, they're still not as bad as Greece's.
Originally posted by SleepyguyRubbish.
Holy Orwell, Batman!
Europe isn't suffering from balanced budgets. Europe is suffering from excesses. And Obama isn't saving us from excesses, he's sending us down the same friggin path as Europe. And no one's laughing.
Originally posted by finneganWait wait wait wait -- you're already making things too complicated for American conservatives to understand. You did it the moment you extrapolated to consequences more than one move ahead in Economic Chess. There are no differential equations in Conservative Economic Theory, only arithmetic and basic algebra. ANY conservative in the U.S. will tell you that when you cut taxes, revenue goes up, and when you cut spending, revenue again goes up. The only way revenue can go down, they'll say, is by increasing taxes on the top 1% by any amount -- even 1%. They'll tell you in crayon and macaroni art that slashing education, letting the remaining manufacturing base go to rot, and subsidizing corporate jets is the surest path to prosperity.
Spending falls, tax revenue falls, spending has to fall again.