Deficit spending in a recession is a necessary stimulus. Deficit spending during boom times, or to pay operating expenses, is a recipe for disaster. For examples, see Greece, Italy, Puerto Rico, or Republican administrations.
Sounds like the GOPQ who believe that in business you have to spend more to make more (Stimulus #1). That is their perpetual problem.
The GOPQ can’t differentiate business from politics and inevitably there is a financial crisis. They have precipitated every one that we have had since the Great Depression. Then the Dems get voted back in by the mindless voters and have to spend their years trying to keep the boat afloat and get the economy back to normalcy.
C almost 2 years ago
The making of democracies and sausages are two things unpleasant to examine in detail
Liverlips McCracken Premium Member almost 2 years ago
Deficit spending in a recession is a necessary stimulus. Deficit spending during boom times, or to pay operating expenses, is a recipe for disaster. For examples, see Greece, Italy, Puerto Rico, or Republican administrations.
Doug K almost 2 years ago
To get out of a hole you have to dig the hole deeper?
derdave969 almost 2 years ago
I like the line from Washington; we’re reducing the deficit. What they’re saying is that rate the deficit is increasing is decreasing.
monkeyhead almost 2 years ago
Tax the rich, that would shore up those coffers pretty well!
MuddyUSA Premium Member almost 2 years ago
Spoken like a true DemocRat!
admiree2 almost 2 years ago
Sounds like the GOPQ who believe that in business you have to spend more to make more (Stimulus #1). That is their perpetual problem.
The GOPQ can’t differentiate business from politics and inevitably there is a financial crisis. They have precipitated every one that we have had since the Great Depression. Then the Dems get voted back in by the mindless voters and have to spend their years trying to keep the boat afloat and get the economy back to normalcy.
William Bednar Premium Member almost 2 years ago
He left out the really important part: Blame it all on Biden!
ValancyCarmody almost 2 years ago
I wonder what the deficit would be now if not for those tax cuts
aussie399 Premium Member over 1 year ago
He’s GOT to be an obliviot lefty.