Do you think a budget deficit is good or bad for the economy?

[uofom3]

Title says it all. Do you think it's a good or bad thing for the financial markets and the economy in general.

Bonus question:
Do you think raising taxes on people/corporations/business/etc. (regardless of their revenue/tax bracket) INCREASES tax revenue to the government or DECREASES tax revenue to the government? - extra points if you know the two types of economics I'm hinting at and which one works better with this question.

[atomic]

IBTO<3ers


;)

[uofom3]

The answer to one of the questions is surprising.

[WlknGenius]

Lets just cut to the chase and call everyone who has posted and will post in this thread a waffleswaffleswaffleswaffleswaffleswaffles.

[shiftbmw]

lets just cut to the chase and call everyone who has posted and will post in this thread a waffleswaffleswaffleswaffleswaffleswaffles.

qft

[uofom3]

Lets just cut to the chase and call everyone who has posted and will post in this thread a waffleswaffleswaffleswaffleswaffleswaffles.

you're from Berkeley. you wouldn't know the answer anyway. Only Il Duce would be able to formulate a reasonable reply.

Oh and I almost forgot. Because you're from Berkeley, don't you feel bad using the word waffleswaffleswaffleswaffleswaffleswaffles in a negative context?

[uofom3]

qft

I'm surprised you'd say that given your quote in your sig. But then I saw your location so that makes a lot of sense.

[Liam]

The revenue collected by Uncle Sam will decrease in the not so long run.

What do I win?

[uofom3]

You win confirmation that you're smarter than at least 50% of the electorate and the vast majority of the media.

[Liam]

You win confirmation that you're smarter than at least 50% of the electorate and the vast majority of the media.

Having the attention span and presence of mind to think all the way through something longer than a 30 second commercial spot is not necessarily a sign of intelligence but I'll take it.

[uofom3]

Having the attention span and presence of mind to think all the way through something longer than a 30 second commercial spot is not necessarily a sign of intelligence but I'll take it.

Well, it's better than nothing :)

[shiftbmw]

I'm surprised you'd say that given your quote in your sig. But then I saw your location so that makes a lot of sense.

The most comedic part about the quote in my sig is that the people who read it tend to erroniously assume it is not referring to them...

As for this thread, it's do it in the ass Berkeley gay. It's the typical political know it all thread found on r3v meant to stir up a little shit under the guise of "opening people's eyes." We know, you took some community college class and your professor explained his thoughts to you and made you do a homework assignment and now you know better than everyone else. We envy you and we're all impressed...

Eh, and I don't really fit in with the Berkeley crowd anyways. Most of them morally object to my profession.

Anyways, carry on. Enjoy your thread.

[z31maniac]

R vs. K

[Hallen]

In the very short term, deficit spending will help the economy, but only for those lucky people who buy real products quickly. After that, it will always lead to inflation. Slow, low levels of deficit spending is the current policy for all politicians. They all understand that the money they borrow now is worth more than the same amount of money they pay the loan back with in the future because they are forcing inflation (or an increase in the money supply). Since the fed controls the money supply, the little grubber flumpkins in Washington feel slighted, so they do deficit spending.

In general, raising taxes reduces the take for the government. In general, decreasing taxes will increase the take for the government (up to a point).

The two types of economics are Keynesian and Classicalist. Keynesian says that the economy cannot reach its full potential without government intervention (eg, deficit spending, taxation, tariffs, and regulatory control). Classicalists are more free market economy types.

Can you name the other type of economic study? It is less well known, and a bit more pure than Classicalist. (It can also be seen as more extreme because government is seen as evil and basically the root of the majority of our problems as a society.).


Oh, it isn't D vs R. Both D and R have these concepts mostly wrong. What this is, is understanding how things work and why other things don't. It is also an effort to understand why government does things that people know don't work, but are done anyway.

I know most of you want the cliff notes for above. Too bad. Read it. A lot of you wonder why some of us yammer on about this kind of thing. Well, its simple. We have taken the time and effort to understand economics to a certain degree so we can cast an informed vote. When the majority of people in the US vote on gut feel and who has the sexier ass, well, that's how you end up with bad leadership. I am mostly interested in government's role in the economy and that is generally how I vote.

[gwb72tii]

in the longer run, the way this pres and his minions in congress are spending, the only result can be much slower growth. the trillions in spending by the o-messiah are paid by taxes, which come from, gasp, you an me. taking trillions out of the private sector can only result in decreased economic activity. there is no multiplier effect from gov't spending.

i would advise all you y-gens smart-up about this topic, cause it will be your gen that repays this debt.