It doesn't work. Ever. Not once.

Of course it is always popular to talk about government spending less, it sounds great and makes the person doing it feel all superior and morally righteous and shit, but in reality....overall it sucks. It doesn't reduce the deficit, it doesn't create jobs, it doesn't help the economy. In fact, it does exactly the opposite of all those things. Proven, historical, fact.

If you believe in austerity as a way to help the economy or to reduce the deficit. You believe stupidity.

Just sayin.....

Well, you believe in a lie too.

The people preaching austerity are preaching austerity for thee, but not for me.

 

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I agree, at 15 trillion in, I say go whole hog now. The sooner the final default comes, the better.

Wasn't there a study posted here not too long ago that showed cutting spending was more effective at reducing deficits than raising taxes?

Fiat money never works, ever, not once but yet the majority here defend it .... and for the same reason why austerity is defended as well .. becuase it doesn;t hurt the sacred cow of government.

 

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The vast majority of the deficit was created by the so called "Bush tax cuts". Without those, 5 Trillion dollars of our current deficit would not exist even based upon the economy that actually happened since they were enacted.

That isn't even factoring in how much was added by the fact that those cuts destroyed the economy and led to our current depression...which is responsible for another couple of Trillion.

Without those tax cuts, which had negligible impact on the vast majority of the countries tax bills, and the devastation to the economy they created, in concert with stupid deregulation and a couple of idiotic wars .....the national debt would be on it's way to being eliminated.

All it takes to end the historic deficits we have been incurring since 2002...is a tiny adjustment to tax rates. If you couple that with reasonable cuts to insanely high "defense" spending and obscenely high "homeland security" spending and some cuts to stupid and redundant "assistance programs".....this country could easily have a balanced budget.

Everything most of you believe....is based upon stupidity and lies.

Some people believe these stupid things because they have been spoon fed propaganda spewed forth by so many "think tanks". Some people believe them because they want to pay lower taxes and think that it's evil for any government to spend any money. Most people believe them because they are stupid and don't know a god damn thing about what they are talking about.

Just sayin....

I can't help but feel you also don't no a goddamn thing you're talking about.

That's not to say you're wrong. Just that you don't know if you're right or not.

Perhaps if you showed some evidence, but I know you won't. You've chosen your side, and once you've chosen a side being "right" means more than being right.

This is a call for people who believe in austerity to check their facts.

Why does anyone believe that cutting spending in draconian fashion cuts deficits? Is there any evidence to support such an opinion? Not a think tanks claim that it "will" do so, but actual historic facts that show it has happened. Or, as is the case back here in reality, do historical facts show that GDP and income (and thus taxes) decline more from such cuts than the cuts save themselves. (Hint--the answer to that last one is yes).

Feel free to learn and to think for yourselves. The journey might enable you to prove me wrong and whatever thrill that will give you, or it might just show you a different way to think about economics and government spending. One based in reality and historical fact and not the claims of some guy about what such austerity should do.

I think the burden of proof in this thread falls on you.

If you're not up to the task, or not interested that's fine.

And there';s where Ptilk went off the rails ... defending fiat money just like those who defend austerity

It's someone else's fault, it can;t be the government's fault ...

 

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