Home Tournaments Calendar Weather Merchandise Sponsors

Go Back   Spearboard.com - The World's Largest Spearfishing Diving Boating Social Media Forum > The Spearboard Tavern > Politics/Religion Forum

Politics/Religion Forum This special place is for threads that are primarily on political or religious subjects.

Reply
 
Thread Tools Rate Thread Display Modes
Old 01-19-2009, 11:39 AM   #1
otterdiver
Registered User
 
otterdiver's Avatar
 
Join Date: Jun 2006
Location: Tianjin, China
Age: 44
Posts: 286
Send a message via AIM to otterdiver
The CA Economy re: a statement Bill made

Bill in another thread you put forth:
Quote:
Originally Posted by Bill McIntyre View Post

Everyone seems to focus on the debt effects of Keynesian economics, but they forget that while we are supposed to run budget deficits to get us out of recessions, we are also supposed to run budget surpluses during good times. Then we can afford the deficits during the next recession. But Cheney was publicly quoted saying "deficits don't matter." I think he was talking about politics rather than economics, but in any case the Bush administration ran record budget deficits during good times. That doesn't leave Obama much room. The last President who tried to balance the budget during a recession was Hoover, and that helped cause the Great Depression. If Obama tried to balance the budget now, either the Republican way- cut spending- or the Democratic way- increase taxes, or some of each, it would likely have the same effect.
Did we shoot ourselves in the foot in this state by requiring a balanced budget? A balanced budget sure sounds good in theory but for the next few years it going to HURT!
__________________
Eric R.
California Native
resident of China
otterdiver is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:46 PM.


The World's Largest Spearfishing Diving Social Media Forum Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.
Copyright ©2002 - 2012 Spearboard.com