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Durbin: Debt Deal Will Be The Death Of Keynesian Economics
News Wire ^
| July 31, 2011
| Elise Foley
Posted on 08/01/2011 8:24:53 AM PDT by re_tail20
click here to read article
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1
posted on
08/01/2011 8:25:00 AM PDT
by
re_tail20
To: re_tail20
Good. Now drive a stake through it’s heart.
2
posted on
08/01/2011 8:25:48 AM PDT
by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: re_tail20
Keynesian economics always kills Keynesian economics.
.
.
.
Eventually.
.
3
posted on
08/01/2011 8:27:32 AM PDT
by
Seaplaner
(Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
To: re_tail20
“their attempt to cut spending as the economy rebounds from a recession”
What recovery? What spending cuts?
4
posted on
08/01/2011 8:27:56 AM PDT
by
Huskrrrr
where is this continued mantra coming from about ‘rebounding from the recession’ or ‘recovering economy’????
where have i been all this time????
5
posted on
08/01/2011 8:28:28 AM PDT
by
raygunfan
To: re_tail20
6
posted on
08/01/2011 8:28:28 AM PDT
by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: re_tail20
7
posted on
08/01/2011 8:29:04 AM PDT
by
DesertRhino
(I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
To: Lurker
I particularly like this part...
The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession...
Really? Since when?
8
posted on
08/01/2011 8:29:04 AM PDT
by
unixfox
(Abolish Slavery, Repeal The 16th Amendment!)
To: re_tail20
governments see keynesian economics as a way to spur jobs in government...
that’s about all it is good for spurring...
teeman
9
posted on
08/01/2011 8:29:17 AM PDT
by
teeman8r
(armageddon won't be pretty, but it's not like it's the end of the world.)
To: re_tail20
He says that like it’s a bad thing.
To: re_tail20
If that is the actual result, then let's not hesitate. This economic theory has failed time after time. There is nothing better than old-fashioned balanced, budget money management.
As Coolidge said. Paraphrasing: An economist looks at reality and tries to find a theory to fit.
11
posted on
08/01/2011 8:29:56 AM PDT
by
Parmy
To: unixfox
Keynesian economics require spending cuts when the economy rebounds. That’s the part that politician have always ignored.
12
posted on
08/01/2011 8:30:13 AM PDT
by
DManA
To: unixfox
I missed the rebound and now we are headed for another correction.
Must of been sleeping
13
posted on
08/01/2011 8:30:35 AM PDT
by
LMAO
("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush)
To: re_tail20
Not everyone can work for local, state and federal government. If they did the tax rate would have to be 100% to pay everyone.
Somebody has to be out in the private sector turning $1 into $2 so it can be taxed.
14
posted on
08/01/2011 8:30:35 AM PDT
by
PeteB570
To: Seaplaner
“In the long run, we’re all dead.”
That was JMK’s answer to the question about how long this policy could be extended until it blew up.
That childless gaylord is now long dead, and we have to deal with the aftermath.
The Long Run is here.
15
posted on
08/01/2011 8:30:47 AM PDT
by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: re_tail20
He normally died in 1946. . ."As opposed to "abnormally died"? What's TurbanDurbin trying to say here?
16
posted on
08/01/2011 8:30:54 AM PDT
by
hsalaw
To: re_tail20
He normally died in 1946...And he's been stinking up the place ever since.
Bury 'em, Dano.
17
posted on
08/01/2011 8:31:10 AM PDT
by
Rudder
(The Main Stream Media is Our Enemy---get used to it.)
To: DManA
As I understand Keynes he never advocated permanent and accelerating deficit budgets.
You deficit spend during a recession, you pay the debt back when the economy is growing thus smoothing out the highs and lows.
It’s bogus but that’s the theory.
18
posted on
08/01/2011 8:32:23 AM PDT
by
DManA
To: re_tail20
What I find most interesting is what we didn’t hear about. Under Republican leadership we aren’t hearing about Cornhusker Kickbacks, and all the other nonsense payoff’s.
That...is a big change.
To: unixfox
20
posted on
08/01/2011 8:33:01 AM PDT
by
Cheerio
(Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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