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"experts at GS analyze the situation and issue their opinions, those that believe in their expertise and value their opinions (I know you are not one of them, you know better) pay for those reports."

Let's put some numbers and political judgements in perspective. The cut in question that supposedly causes the 2% drop in GDP is $61B. That 2% drop is $285B, based on a $14.3T GDP. So Alec, the GSach's analyst is claiming the Republican cut has a real economic value of 5X the face of the cut.

Where does this fantastic multiplier come from? Republicans cut pork. The wizards at GSachs can only achieve a 1.3X multiplier on their net. Where does the 5x multiplier come from? It must be from forces more powerful than wizards can generate. Is it a witch? Did Pelosi cast a spell on this 61B?

Had you spoken from the start the way your post reads, we would have no discussion. What precipitated the discussion is what Dostoyevsly called arrogance of ignorance demonstrated, e.g., in pearls such as this:

Social choice theory-that's where big daddy gov., er um "the people" redistribute wealth to achieve a state of GSachs, er um "Pareto" optimality, as per the welfare clause. "

Look even at your last post. First, you quote me:

TQ: "experts at GS analyze the situation and issue their opinions, those that believe in their expertise and value their opinions (I know you are not one of them, you know better) pay for those reports."

And then you question the multiplier. Where is logic, any discernible logic here? What's the connection with my words?

None. The connection is psychological: you want to be able to defame whomever you want, and you are just gonna go on a rant however illogical, uncalled-for, stupid and ignorant that may be.

I am not your psychologist. As it is, I have already replied to you more than your posts deserved. There was no discussion --- only strong statements that you did not bother even to justify, and me pointing that out. Enough.

Go ahead, continue your socialist rants, continue to defame people. Children, scoundrels and intellectual lightweights often behave as you do: they think that merely cursing someone and putting him down makes them look strong/knowledgeable/smart.

P.S. Had you bothered to have a discussion, I would comment on the issue of the multiplier you raised. But you are not interested in either truth or discussion. So you have the last word; you've shown your superiority and won --- congratulations!