Posted by cccp1014 on 9/17/2017 10:06:00 AM (view original):
Posted by bad_luck on 9/16/2017 8:46:00 PM (view original):
Posted by cccp1014 on 9/16/2017 12:17:00 PM (view original):
Posted by bad_luck on 9/15/2017 9:17:00 PM (view original):
Posted by cccp1014 on 9/15/2017 9:05:00 PM (view original):
Posted by bad_luck on 9/15/2017 5:35:00 PM (view original):
Now I remember why I blocked you cccp. You're literally too dumb to argue with.
LOL - so you give up again I see. You are a coward and your candidate lost. Grow up.
cccp: Obama should have cut the debt
me: no, that would have been bad during a recession/recovery
cccp: old people buy too many pills!!!!!!
me: uh, yeah, you're dumb.
cccp: ha! You give up? Coward. I'm the king of the world. Where's my shopping cart and my drugs?!?!??
BS- I said he should not have increased by as much as he did. Find one post where I said "cut"
You are a lying bi-polar bad person.
My point stands even if you replace "debt" with "deficit" which is what would have to happen to reduce the debt. You'd have to cut the deficit.
Let's say you graph federal outlays over time:
Then you draw a line for revenue with it:
That's a deficit. Then the recession hits. Outlays keep going as scheduled:
But revenue doesn't:
If you cut outlays to only increase the debt by X instead of Y, you damage the economy at a time when other things—employment, growth, etc—are MUCH more important than the deficit.
Is this the sane bad_luck or the insane one. Since you are bi-polar it is tough to gauge. We came out of the recession in his first term yet the debt kept rising. He did nothing except for cut military spend as I could see. Never addressed entitlements, never addressed corporate inversions, never addressed tax loopholes for corporations, kept the interest rates very low so that the stock market would be artificially inflated. I will acquiesce that during his first term his hands were somewhat tied due to Bush but are you defending his 2nd term when all he accomplished was highly flawed Obamacare? My point that you ignored the fact that he did not create a plan for a surplus for the next POTUS, who was supposed to be HRC, he just left the country with a deficit after eight years. In business you cannot balance a budget by just throwing more debt on the balance sheet and crossing your fingers.
Now let's see which bad_luck responds. The rational debater or the irrational insult thrower and cowardly blocker.
A) If you want to argue that Obama should have stopped corporate inversions somehow or that he should have worked for policies that would have pushed the majority of the recovery benefits to the middle and lower classes instead of the wealthy, I won't disagree. But those are separate issues (sort of) from the deficit.
B) Even after the recession was officially over, growth was still slow, wages were still low, and the economy was still somewhat fragile. Removing a trillion or $500 billion dollars from the economy at that time would have been dumb. It would have contracted the economy and possibly put us back into a recession.