GOP liars are out in full force

[MikeWaters]

Originally Posted by 8ballrollin

I thought the era of big government ended in '96.

the era of big government, ironically started in 1980 with a certain Ronald Reagan.

[Archaea]

Originally Posted by creekster

Keynes thought so under some circumstances. IS this what you mean?

There are other theories not exactly related to Keynes, which in today's world are thought to be inaccurate and outdated. But today's macro theories will be tomorrow's outdated theories.

It was more related to currency devaluations and the benefits of selling bonds to China or abroad.

My point about deficits, and I suppose DDD is arguing about structural deficits, not just operating deficits, my words, not those of the industry, is there is no one concept unifying what's bad or good about them. Politically we love to rail on them, but there are some theories, not necessarily believed by me which posit it's a consumer good to allow other countries to float our economy's deficits.

[Archaea]

Originally Posted by MikeWaters

the era of big government, ironically started in 1980 with a certain Ronald Reagan.

BS.

Modern big government started with FDR. Before that the era of central government bureaucratic involvement was minuscule in comparison to modern proportions.

Ever since FDR, every administration has been big government. It's only been a matter of degree or parlance.

[MikeWaters]

Originally Posted by Archaea

BS.

Modern big government started with FDR. Before that the era of central government bureaucratic involvement was minuscule in comparison to modern proportions.

Ever since FDR, every administration has been big government. It's only been a matter of degree or parlance.

Well, if you want to get technical, the govt. has been growing pretty much forever.

Grew during the Vietnam War, and of course ballooned out of control under Reagan. And of course exploded under GWB.

The most fiscally conservative of all modern presidents turns out to be Bill Clinton.

[Tex]

Originally Posted by MikeWaters

the era of big government, ironically started in 1980 with a certain Ronald Reagan.

LOL, right.

[Archaea]

Originally Posted by MikeWaters

Well, if you want to get technical, the govt. has been growing pretty much forever.

Grew during the Vietnam War, and of course ballooned out of control under Reagan. And of course exploded under GWB.

The most fiscally conservative of all modern presidents turns out to be Bill Clinton.

That certainly is the popular thinking in some circles. I don't share it.

If you heard Reagan's proposals in 1980, not what Congress proceeded to do to them and Reagan's acquiescence, he started down the correct road but didn't toe the line, allowing the whims of popularity to maintain domestic programs. He wanted to grow the military and was unwilling to shrink things domestically.

Clinton shrunk the growth of the military was how he "became fiscally conservative." He certainly didn't shrink domestic programs or tax rates.

[8ballrollin]

Originally Posted by MikeWaters

Well, if you want to get technical, the govt. has been growing pretty much forever.

Or since 1913.

Signed,

The Sixteenth Amendment

[BarbaraGordon]

Originally Posted by TripletDaddy

If you want spending reduction, then you must also want a swift end to the war in Iraq.

There cannot be a greater security for the continuance of peace than the imposing on the ministers the necessity of applying to the people for taxes to support a war.

~ David Ricardo

[creekster]

Originally Posted by BarbaraGordon

There cannot be a greater security for the continuance of peace than the imposing on the ministers the necessity of applying to the people for taxes to support a war.

~ David Ricardo

Looooo-Seeeeee!

~Ricky Ricardo

[BarbaraGordon]

Originally Posted by creekster

Looooo-Seeeeee!

~Ricky Ricardo

...."you've gotta lodda 'splainin to do."