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Valued Social Butterfly
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Re: We Can't Spend Our Way Out of Debt

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Keep cutting the Tax Revenue from the Wealthy and increasing Military spending and the debt keeps growing.  What's the Far Right's answer to the growing Debt - Cry we can't afford Social Security & Medicare , Cut the Environmental Protection Agency , Cut Food Safety , Bash Worker's Union powers , Tariffs , anything but asking the wealthy to absorb some of the pain from lack of Tax Revenue !!

 

Sure wish we had some Moderate Republican's like Eisenhower and George H.W. Bush in charge these days.

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Re: We Can't Spend Our Way Out of Debt

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@Soosie wrote:

spend your way out of debt.jpg


 

Idiots who repeat this abusrd GOPermantra should explain how we got out of the first total collapse of the world economy that Republican policy caused and gave us the Great Depression AND Adolf Hitler.

 

Governments are NOT "like your family" (unless your family has the power to print their own money that people will accept in exchange for goods and services).

 

When the economy goes sidewise, as it does when Republicans can impliment their economic policies and programs, Government spending that creates DEBT is the ONLY way to recover.

 

No business is going to expand their production WITHOUT an increase in DEMAND for goods and services.

 

No sane consumer is going to expand his/her spending without confidence they will be able to pay the bills they already have and then some.

 

No employer is going to hire workers... EXCEPT the Government who can hire them to do things that benefit ALL the people and not be concerned the project will return a profit, be it flood controll along the Mississippi/Missouri, improved facilities at our National Parks or huge dams producing electricity and recreational waterways.

 

When the Government does those things, the workers paid to do them SPEND THEIR MONEY. That creates the demand that causes private employers to expand production, first adding overtime, then calling back laid off workers and finally hiring MORE workers, all of whom SPEND THEIR PAYCHECKS, driving the economy onward and upward.

 

In the first Worldwide Republican economic disaster beginning in 1929, it took the added push of expanding Government employment by 16 MILLION men and women in Uniform, millions more working in Government defense plants and everyone else supporting those 16 million troops. We increased the Debt something like 7200% and ushered in the greatest expansion of the economy AND the Middle Class in History.

 

The reason our recovery from the latest Republican Worldwide economic disaster (c.2008) has been so slow is Republicans listen to the absurd lies about "not being able to spend your way out of debt" and after jrbush gave $980,000,000,000 TO SAVE THE BANKSTERS WHO CAUSED THE DISASTER, Republicans wanted all Government recovery initatives to cease because they might make things better for the 99% and the 1% had already been taken care of.

 

Der Trumper redistributed $1.4 Trillion from the Middle Class to Corporate Oligarchs and the economy has seen all the economic gains go to the 1% with real wages for the average American DECLINE by 10% since 2007. Even his so called "tax break" for the middle class has evaporated into the inflation his policies at home and abroad have caused and once again ONLY THE RICH BENEFIT from the Trump taxscam

 

Only in the alternative Universe of the Republibubble do people not know WE CAN AND DID "spend our way out of debt" and understand that is the only way it will happen - with INCREASED Government spending AND HIGHER TAXES ON THE RICH. The Republicans slashed the Top Marginal Rates from 65% to 25% and deregulated Wall Street and the Banksters in the decade before 1929. We recovered with a TMR of 91% and the greatest debt-financed Government spending in our history. Now Republicans AGAIN want us to believe we must wait for the Uberrich to send relief in a Golden Rain that will come down upon us IF ONLY we give the Rich MORE.

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Re: We Can't Spend Our Way Out of Debt

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Message 3 of 5

Idiots who repeat this abusrd GOPermantra should explain how we got out of the first total collapse of the world economy that Republican policy caused and gave us the Great Depression AND Adolf Hitler.

 

Governments are NOT "like your family" (unless your family has the power to print their own money that people will accept in exchange for goods and services).

 

When the economy goes sidewise, as it does when Republicans can impliment their economic policies and programs, Government spending that creates DEBT is the ONLY way to recover.

 

No business is going to expand their production WITHOUT an increase in DEMAND for goods and services.

 

No sane consumer is going to expand his/her spending without confidence they will be able to pay the bills they already have and then some.

 

No employer is going to hire workers... EXCEPT the Government who can hire them to do things that benefit ALL the people and not be concerned the project will return a profit, be it flood controll along the Mississippi/Missouri, improved facilities at our National Parks or huge dams producing electricity and recreational waterways.

 

When the Government does those things, the workers paid to do them SPEND THEIR MONEY. That creates the demand that causes private employers to expand production, first adding overtime, then calling back laid off workers and finally hiring MORE workers, all of whom SPEND THEIR PAYCHECKS, driving the economy onward and upward.

 

In the first Worldwide Republican economic disaster beginning in 1929, it took the added push of expanding Government employment by 16 MILLION men and women in Uniform, millions more working in Government defense plants and everyone else supporting those 16 million troops. We increased the Debt something like 7200% and ushered in the greatest expansion of the economy AND the Middle Class in History.

 

The reason our recovery from the latest Republican Worldwide economic disaster (c.2008) has been so slow is Republicans listen to the absurd lies about "not being able to spend your way out of debt" and after jrbush gave $980,000,000,000 TO SAVE THE BANKSTERS WHO CAUSED THE DISASTER, Republicans wanted all Government recovery initatives to cease because they might make things better for the 99% and the 1% had already been taken care of.

 

Der Trumper redistributed $1.4 Trillion from the Middle Class to Corporate Oligarchs and the economy has seen all the economic gains go to the 1% with real wages for the average American DECLINE by 10% since 2007. Even his so called "tax break" for the middle class has evaporated into the inflation his policies at home and abroad have caused and once again ONLY THE RICH BENEFIT from the Trump taxscam

 

Only in the alternative Universe of the Republibubble do people not know WE CAN AND DID "spend our way out of debt" and understand that is the only way it will happen - with INCREASED Government spending AND HIGHER TAXES ON THE RICH. The Republicans slashed the Top Marginal Rates from 65% to 25% and deregulated Wall Street and the Banksters in the decade before 1929. We recovered with a TMR of 91% and the greatest debt-financed Government spending in our history. Now Republicans AGAIN want us to believe we must wait for the Uberrich to send relief in a Golden Rain that will come down upon us IF ONLY we give the Rich MORE.

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Re: We Can't Spend Our Way Out of Debt

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@Soosie wrote:

spend your way out of debt.jpg


It sure seems like TRUMP THE CHUMP'S administration is trying to spend their way out of debt, @Soosie.

 

From TRUMP THE CHUMP himself taking 38 of his first 52 weekends off at either one of HIS golf courses or one of HIS hotels at a cost of HUNDREDS OF THOUSANDS of taxpayer dollars that went directly into TRUMP FAMILY pockets to;

 

Ben Carson's $31,000 table for his office to;

 

David Shulkin's $122,334 trip to Europe to watch Wimbledon to;

 

Tom Price's inappropriate use of travel at a cost of $341,000 to the taxpayers for which he has apologized and paid back a measly 60K to;

 

Steve Mnuchin's use of a military jet to view last year's eclipse in Kentucky (directly in the eclipse path) at a cost of thousands to the taxpayers to;

 

Ryan Zinke's $139,000 remodeling of his office to;

 

Last but not least, Scott Pruitt's private $43,000 phone booth in his office..............

 

It seems that TRUMP THE CHUMP and his employees, both past and present, have done an excellent job trying to "SPEND THEIR WAY OUT OF DEBT"!!!!!!

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We Can't Spend Our Way Out of Debt

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spend your way out of debt.jpg

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