|
Posted on 09/01/2011 5:51:53 PM PDT by SanFranDan
You’ve heard of Keynesian economics, but this repeated call for increasing the debt in order to lower the debt is more closely related to the Keynesian model’s modern-day successor, the “Facepalmian” economic theory, to which Joe Biden and many others also subscribe.
Transcript of former Labor Secretary Robert Reich on CNBC from Real Clear Politics:
“The only way to restart not only jobs, Simon, but also economic growth, which is terribly important for every purpose including deficit reduction. the only way we’re going to get the deficits and long-term debt under control is if we get back growth. The only way to get back growth is for government to be this spender of last resort.”
AFL-CIO President Richard Trumka agrees and has such an appetite for yet another stimulus that his salivary glands are working overtime even though that’s not allowed in their contract. But something in the back of my mind tells me these “huge government spending programs” were tried not long ago and didn’t work so well.
(Excerpt) Read more at michellemalkin.com ...
This little s*** has his head up and locked.
delusional midget
|
It’s a mental disorder.
So if I want to lose weight I should eat more?
If I want to reduce the amt I owe on my house I should take out a bigger loan?
If I want to grow my business I should hire more people I don’t need?
HUH?
Sounds like someone with an addiction to gambling. The next borrowed dollar and i hit the jackpot!
This is worse though. The gambler is not using his own money, and he hardly has to ask for more money.
Careful. Zero is going to push the last 2 points before the football game next week.
Moochele looks to be testing the first point.
Do these people not understand the words that come out of their mouth??
Hey Bob. That works so well for my credit cards...
F’n idjit midget
The response to this little turdbrain should be given from behind a locked chain link around the Solyndra property in Fremont, CA.
Reich is handicapped. He is a mental midget.
Wait, if the government is the spender of last resort
what happens when they’ve spent everything???
So, I guess we know who gargles with bong water.
/s/
Me too, Robert. May I use your credit card?
What other motivation could one have for advocating the policy articulated so clearly by Reich in this statement and being carried out before our very own eyes by this Administration?
Whereas the founding generation, during the period 1776 to 1787, articulated and encapsulated the essential ideas of liberty in a Declaration of Independence and Constitution's protections, these individuals are regurgitating and implementing the ideas of Mao, Marx and Lenin which have destroyed individual liberty, opportunity, productivity and plenty in every nation in which they have been tried.
"I am for a government rigorously frugal and simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers and salaries merely to make partisans, and for increasing by every device the public debt on the principle of its being a public blessing." --Thomas Jefferson to Elbridge Gerry, 1799. ME 10:77
"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39
"I deem [this one of] the essential principles of our government and consequently [one] which ought to shape its administration:... The honest payment of our debts and sacred preservation of the public faith." --Thomas Jefferson: 1st Inaugural, 1801. ME 3:322
"I sincerely believe... that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:40
Let him spend his money and all money of the other liberals, but don’t expect the federal government to spend it wisely or get us out of the deficit/debt.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.