I want inflation. I want debt. I want spending. It's the only way to get us booming!

Why do you think an entity that takes captial from the productive members of society and redistributes it is able to create lasting employment? The employment created by government is entirely reliant upon the private economy remaining productive. Government is akin to a parasite, so long as its host (the private sector) is doing well.

 

Oh really?

So...you actually think that with no increase in DEMAND, that out of the goodness of their frozen hearts, corporations are gonna start hiring people?

Is THAT what you're trying to say???

DEMAND must be raised BEFORE any corporation hires anybody.

Remember DEMAND???? As In "SUPPLY AND DEMAND"? Its a pretty basic and interesting concept. Perhaps if you READ books instead of using them as pee-mats for your cats, you know this concept.

The only entity with enough "oomph" to prime the job market for increased DEMAND is the government. No corporation in the world will invest money on that scale, just to prime a market for recovery...pork chop...

 

The government is going to force welfare monies into the hands of those who don't have incomes, like unemployment pay and other programs. So government is going to spend the money anyway. But instead of pure welfare, it seems to me it would be better to create more stimulus projects, transferring people from welfare to employment, and in the end, the people get the same incomes or more, and the nation receives repaired and new infrastructure...actual productivity.

This makes sense to me, but there's a stigma in today's political mindset that it's too harsh to expect work in return for government welfare...

 

Yeah. Really.

I cannot type any more slowly, so I'll type it twice: when did it become the job of Government to spur demand?

I'm trying to say what I wrote. You're trying to claim I said something else.

Well, thanks, Captain Econ! Are you going to tell me that the corporations then provide the supply too?

Perhaps if you could read what I said instead of going off half-cocked, we could have some from of a useful conversation.

I'm not holding my breath. Oh...btw: one of us is a business owner.

Holy sheet! You mean...that without Government...there is no sustainable demand???????

Prove it, Krugman.

Each corporation provides the capital to spur demand. The Government can only get out of the way. You're laughably wrong, and likely under 24 years old - because if you're not, there's absolutely no excuse for the ignorance displayed in your posts.

 

Why work for a corporation? Work for a private small business and stop supporting corporate monsters.

Or you could start your own business. Maybe too much responsibility for you though.

Are you in the same club as mr. Bill and his friend deaim, or whatever his name is? The, I can't tie my shoes without my mommys help, club.

You are a part of the problem, not the solution.

 

1 more year.

 

I think enough time has gone by to prove that the rich don't promote job growth with their tax incentives. But I do think they are investing it into other countries.

 

Becuase you cant "prime a market for recovery", anyone with half a brain understands this.

Any "demand" created by "stimulus" goes away the moment the stimulus does. If you are prepared the stimulate the economy forever it will work...but who can afford to do that?

 

That's the whole point. You want it to go away. Why would you want a permanent bandaid?

 

You dont get it.

Once the stimulus goes away so does everything created by that stimulus. Unless of course you can somehow stimulate while running large budget surpluses...then the government might be able to keep it going. The idea that stimulus can create jobs that will last far beyond the end of the stimulus by raising "aggregate demand" is just silly.

 

I do get it. That's the whole beauty of stimulus spending. It is guaranteed to cut itself out of the budget. It's only supposed to last until the economy sorts itself out and the private sector starts hiring again.

 

The jobs created by the private sector that were a result of the stimulus will go away once the stimulus goes away. So no...you dont get it.

 

Congrats Bill! Keep up the good work.

 

Thanks !

 

That has never happened with any stimulus program to date.

Most of the stimulus bill work is done and those jobs have disappeared. But private sector jobs are still growing. So you're just making up a crisis.

 

How am I making up a crisis?

Private sector jobs are barely growing....the private sector needs to create something like 250k jobs per month from now till November 2012 to make up for all the job losses. A lot of the private sector jobs being created are also minimum wage jobs and such......as no business that pays a decent wage wants to hire in a climate like this one.

 

*shrug* Most private small businesses I know are corporations. If your small business makes you more than 100k, you have to incorporate to avoid a crippling level of taxation.

 

You can guarantee speculation?

 

Very true. Have worked for small business owners the majority of my life, and all have some made up corporation that they say they are on the pay check. That in itself is the problem though. Just like there shouldn't be 2 justice systems, there shouldn't be 2 tax codes. Obviously, the way people are taxed if they file as a corporation is better, so that is how taxes should work for all citizens, workers or owners.

 

I thought I made it pretty clear.... but I will try again.... If the debt was around 1 trillion dollars? Maybe that would work OK. The deficit is SO high at this point, that I do not believe the "tried and true" methods are going to work. In fact.... the debt is so large that deficit spending is just going to dig a bigger hole...

 

They've been saying the same thing since the early 1900s. People used to think $50 billion was the tipping point, than $100 billion, than $500 billion, than $1 trillion made people buy bomb shelters. Than $3 trillion, than $5 trillion, than $10 trillion, than $14 trillion.

Why is it all of a sudden that we have reached the breaking point of debt? What mathematical analysis do you have that proves we are in a different point right now than we have ever been in the past?

You don't have anything except for your irrational ignorant fear of a large number.

 

Who wouldn't want to be able to spend what they want without worrying about the debt, debt repayments or the ability to be able to continue to finance the debt? However I have yet to meet a creditor who is willing to allow me to do this. It's sad I know, life can be so unfair.

 

The size of the deficit makes no difference. The basic principles are still the same. The size of the deficit only makes it harder politically. Not economically.

 

It's all about Tao.

He wants more food stamp money, more grants from the government... he just flat out doesn't want to work in college.

How much more selfish can one get?