Socialism Experiment Topic

tecwrg
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I've decided to purchase the $87.50 wrench to support my town's family owned business because I love bad_luck's America.
3/4/2013 11:19 AM
bad_luck
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Posted by tecwrg on 3/4/2013 11:19:00 AM (view original):
I've decided to purchase the $87.50 wrench to support my town's family owned business because I love bad_luck's America.
You haven't explained why you disagree yet.

Demand is somewhat depressed (still). The deficit is helping to prop up the demand. Without it, we fall back into a recession.
3/4/2013 11:26 AM
MikeT23
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You have told us which government option is better for America.

Rent all vacant buildings in the US
Give businesses 10% of their revenue back for investing
Write every US individual a 10k check for spending

This is something we need to know.

3/4/2013 11:32 AM
tecwrg
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Because stupid spending is still stupid, no matter how you try to justify it.

Why do you need that explained to you?
3/4/2013 11:33 AM
MikeT23
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Posted by MikeT23 on 3/4/2013 11:01:00 AM (view original):
Aw, cmon.  Don't turtle-up now.   We're dying to hear how wasteful spending is the way to recovery and I, personally, want to know which of the above would solve the most problems and why our current administration hasn't taken that route.

Oh, I see.  This was the last post on the previous page.  You must have missed.

Go ahead.   Explain, please.

3/4/2013 11:33 AM
bistiza
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Consumer spending is what drives the economy, but foolish spending will result in unfortunate outcomes which largely inhibit the gains spending brings in the first place.
3/4/2013 11:44 AM
bad_luck
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Posted by tecwrg on 3/4/2013 11:33:00 AM (view original):
Because stupid spending is still stupid, no matter how you try to justify it.

Why do you need that explained to you?
Wasteful isn't the same as stupid. Stupid would be cutting the deficit and putting us back into a recession.
3/4/2013 11:46 AM
tecwrg
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bad_luck appears to have forgotten that stupid spending on the part of consumers is what caused the recession in the first place, when they couldn't pay their accumulated debt.

His "solution" is stupid spending on the part of the government, thus increasing the government debt.

There's word for this, but it escapes me at the moment.
3/4/2013 11:47 AM
tecwrg
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Posted by bad_luck on 3/4/2013 11:46:00 AM (view original):
Posted by tecwrg on 3/4/2013 11:33:00 AM (view original):
Because stupid spending is still stupid, no matter how you try to justify it.

Why do you need that explained to you?
Wasteful isn't the same as stupid. Stupid would be cutting the deficit and putting us back into a recession.
Paying $87 for a $4 wrench is wasteful.  And stupid.

Arguing that it's good for the ecomony is stupid.
3/4/2013 11:49 AM
bad_luck
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Posted by tecwrg on 3/4/2013 11:49:00 AM (view original):
Posted by bad_luck on 3/4/2013 11:46:00 AM (view original):
Posted by tecwrg on 3/4/2013 11:33:00 AM (view original):
Because stupid spending is still stupid, no matter how you try to justify it.

Why do you need that explained to you?
Wasteful isn't the same as stupid. Stupid would be cutting the deficit and putting us back into a recession.
Paying $87 for a $4 wrench is wasteful.  And stupid.

Arguing that it's good for the ecomony is stupid.
That specific example is stupid spending. A) not everything in the deficit is stupid. B) cutting that stupid spending right now is still a net negative for the economy.
3/4/2013 11:55 AM
bad_luck
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Posted by tecwrg on 3/4/2013 11:47:00 AM (view original):
bad_luck appears to have forgotten that stupid spending on the part of consumers is what caused the recession in the first place, when they couldn't pay their accumulated debt.

His "solution" is stupid spending on the part of the government, thus increasing the government debt.

There's word for this, but it escapes me at the moment.
Consumer debt and government debt are not the same thing.
3/4/2013 11:55 AM
bad_luck
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Posted by MikeT23 on 3/1/2013 5:30:00 PM (view original):
Just that if the government was selling enough treasury bonds, there wouldn't be a deficit.

Treasury notes aren't funding the deficit,

By definition, nothing funds a deficit. 
This.
3/4/2013 11:57 AM
tecwrg
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Posted by bad_luck on 3/4/2013 11:55:00 AM (view original):
Posted by tecwrg on 3/4/2013 11:47:00 AM (view original):
bad_luck appears to have forgotten that stupid spending on the part of consumers is what caused the recession in the first place, when they couldn't pay their accumulated debt.

His "solution" is stupid spending on the part of the government, thus increasing the government debt.

There's word for this, but it escapes me at the moment.
Consumer debt and government debt are not the same thing.
Stupid is stupid, is it not?
3/4/2013 11:59 AM
MikeT23
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Posted by MikeT23 on 3/4/2013 11:33:00 AM (view original):
Posted by MikeT23 on 3/4/2013 11:01:00 AM (view original):
Aw, cmon.  Don't turtle-up now.   We're dying to hear how wasteful spending is the way to recovery and I, personally, want to know which of the above would solve the most problems and why our current administration hasn't taken that route.

Oh, I see.  This was the last post on the previous page.  You must have missed.

Go ahead.   Explain, please.

Are you just not going to explain to us how wasteful spending is the best way to solve our economic issues?

Or tell us which of the three options would push recovery along even faster?
3/4/2013 12:02 PM
bad_luck
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Posted by tecwrg on 3/4/2013 11:59:00 AM (view original):
Posted by bad_luck on 3/4/2013 11:55:00 AM (view original):
Posted by tecwrg on 3/4/2013 11:47:00 AM (view original):
bad_luck appears to have forgotten that stupid spending on the part of consumers is what caused the recession in the first place, when they couldn't pay their accumulated debt.

His "solution" is stupid spending on the part of the government, thus increasing the government debt.

There's word for this, but it escapes me at the moment.
Consumer debt and government debt are not the same thing.
Stupid is stupid, is it not?
No, not really.

Consumer spending drove the economy, but when people had to pull back to service debt, it left a massive hole in the economy (kind of like what would happen if the government cut the deficit now).

The government doesn't have to stop spending to deal with the debt, at least not anytime soon. We've had over a trillion dollars in debt for over 30 years. It can wait out the slow economy and cut back when the consequences won't be as severe. 
3/4/2013 12:08 PM
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