College Students in Favor of Wealth Distribution...

[denner]

Quote from Ricter:

Uhh huh, it's such an open society, so uncorrupt.

At any rate, if you're right, then we have our proof that stimulus spending works.

That's a myopic view. "Works" at what future cost might I ask? It's not unlike the Federal Reserve dropping rates to record lows in the post tech bubble/bust to accelerate demand at a great future cost.

All any sort of artificial stimulus, either by way of massive government spending OR artificially repressed interest rates, is create a massive short term bubble of borrow and spend. Then the hangover hits and the only prescription central banks and/or governments know, is to repeat the cycle until the system goes tilt.

 

[AAAintheBeltway]

Quote from Ricter:

How come China's stimulus plan, three times the size of ours, didn't land them in "a mess"?

I can't comment on China's stimulus plan or its effects.

I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.

 

[Ricter]

Quote from AAAintheBeltway:

I can't comment on China's stimulus plan or its effects.

I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.

A fair point.

 

[Scataphagos]

Quote from AAAintheBeltway:

I can't comment on China's stimulus plan or its effects.

I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.

Why do you even bother responding to him?

He's either stupid as a box of rocks, or intentionally trying to yank people's chains. (I think it's the former... you need to be clever to figure out how to keep pushing people's buttons.... and I doubt he is clever, at all!)

 

[Got Franklins]

Quote from AAAintheBeltway:

I can't comment on China's stimulus plan or its effects.

I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.

The days of US World Supremacy are ending.

 

[Ricter]

Quote from Scataphagos:

Why do you even bother responding to him?

He's either stupid as a box of rocks, or intentionally trying to yank people's chains. (I think it's the former... you need to be clever to figure out how to keep pushing people's buttons.... and I doubt he is clever, at all!)

He's twice the man you are.

 

[bigarrow]

Quote from AAAintheBeltway:

I can't comment on China's stimulus plan or its effects.

I can say they do not have the government debt problem we face. In short, they could afford it and we can't. There is a world of difference in running a temporary fiscal deficit to deal with a cyclical slowdown and running a permanent, unsustainable deficit in a transparent attempt to buy votes and push off the day of reckoning until past the next election.

I disagree on your assessment of the motives for the president wanting more stimulus. I think he believes that is the right thing to do.

 

[bone]

Is it true that some college students apply for food stamps and get them ?