How to screw up an economy

[whell]

I think this graphic says it all:



If that's not enough, listen to what Madame Yellen has to say:

“I guess one recommendation that I would give you is that long-term budget deficits, we can see in, for example, CBO’s very long-term projections, that they remain,” said Yellen. “There is more work to do to put fiscal policy on a sustainable course. That progress has been made over the last several years, in bringing down deficits in the short term, but that a combination of demographics, the structure of entitlement programs, and historic trends in health-care costs, we can see that over the long-term deficits will rise to unsustainable levels relative to the economy."

So, the Dems who have fought tooth and nail any effort to reduce the growth of Gov't spending, who have taken the "historic trends in health-care costs" and placed those directly on the backs of taxpayers via PPACA, who gave us the Stimulus - or should I say Stimuli - have contributed mightily to....umm....what's the vernacular term? ...driven the economy deeper into the ditch....then covered the car in the ditch with gasoline and lit the car on fire....then pissed on the car while its burning.

More:

According to the CBO, “mandatory” federal spending will increase approximately 58 percent over the next ten years, rising from $2.32 trillion in 2015 to $3.664 trillion in 2024. Over that decade, total federal “mandatory” spending will be $29.737 trillion.

Can you say "unsustainable"? And folks wonder why there was opposition to raising the debt limit.

http://www.cnsnews.com/news/article/...ainable-levels

[4-2-7]

Did you see my post or anything on the .01 present GDP that's getting revised to -0.5 present?

Ya but look at all the economic growth, well growth in debt anyway.

[Tom Joad]

Originally Posted by whell

So, the Dems who have fought tooth and nail any effort to reduce the growth of Gov't spending,

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

[Dondilion]

Originally Posted by Tom Joad

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

Are you serious?

[JJIII]

Originally Posted by Tom Joad

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

[bobabode]

Originally Posted by Tom Joad

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

Originally Posted by Dondilion

Are you serious?

Originally Posted by JJIII

Ever heard of FDR?

[Dondilion]

Originally Posted by bobabode

Ever heard of FDR?

Different time.

Take a look on road building/paving. See how many people are employed.
Also at that time we made every shit... When we spent we put our industries
to work not China and the profits were reinvested in the US.

This is the time of the International Capitalists.

[bobabode]

Originally Posted by Dondilion

Different time.

Take a look on road building/paving. See how many people are employed.
Also at that time we made every shit... When we spent we put our industries
to work not China and the profits were reinvested in the US.

This is the time of the International Capitalists.

We should build guillotines.

[whell]

Originally Posted by Tom Joad

If only that were true, but it's not.

What we need to get out of this mess is a massive dose of government spending, at all levels of government.

Um, in the event you missed the article, that IS what we've been doing since 2009, in spades. You not only want the car in the ditch covered with gas, you want a whole parking lot full of cars in the ditch.

[bobabode]

Originally Posted by whell

Um, in the event you missed the article, that IS what we've been doing since 2009, in spades. You not only want the car in the ditch covered with gas, you want a whole parking lot full of cars in the ditch.

Funny how your timeline starts in '09 while ignoring the previous 8 years Whell .