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by Suby the Coat on May 12th, 2009
If the deficit spending were to ensure an overall improvement in GDP growth, then the inflationary prussures created by deficit finance would be absorbed by the economy easily.
It is when the purpose of deficit spending is to shore up sagging bottomlines of corporations that we pass on the economic prussures to the generations to come.
We are indulging in an unavoidable irresponsible behavior, I would say, considering the state the economy is in at the moment.
Lets hope the future generations will be smarter than us and will find ways to get out of the legacy we bestow on them.
by StopDemockery on August 10th, 2009
Yes. All important decisions are made by politicians corrupted by the shadow (permanent) government without our knowledge or consent. Today's so-called democracies make a mockery of the meaning of the word, "Democracy," virtually always creating results diametrically opposite the will of the governed and perpetually plummeting them into further debt.
What is the meaning of budget deficit?
by Answerbag Staff on May 7th, 2010
| 1 person likes this
how much revenue does the pet food industry make per year?
by derrick.truebloodtolliver on January 23rd, 2011
| 1 person likes this
What was the budget surplus when Bush took office?
by Answerbag Staff on April 26th, 2010
| 1 person likes this
When President Clinton left office U.S. had no debt & multi-billion $ surplus. How much was the deficit when George W bush left office?
by GibsonGuy on April 5th, 2011
| 1 person likes this
What is the difference between a debt&a deficit?
by Answerbag Staff on April 24th, 2010
| 1 person likes this
You're reading All government programs must be paid for with revenue we raise now or taxes we impose on our children. Isn't endless deficit spending taxation without representation?
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Comments
In the US, we had run up $11 trillion in debt before the economy crashed in 2007. So clearly, we weren't growing GDP rapidly enough to offset our spending. Agreed, in the recession, government must spend. But at some point, we have some hard choices to make in the USA. I don't know enough about other countries to guess how they are budgeting.
by Jim in a Nautilus COAT on May 12th, 2009
I say again "We are indulging in an unavoidable irresponsible behavior".
No way out of the trap in sight. So we keep behaving irresponsibly.
by Suby the Coat on May 13th, 2009
I understand what you are saying.
by Jim in a Nautilus COAT on May 13th, 2009
Please go through the link in this question, Jim.
And I would be happy if you could post an answer too.
http://www.answerbag.com/a_view/6481332
by Suby the Coat on May 13th, 2009
I was outraged by what andrewj54 claimed was nonsense. Outraged, do you hear. See my comment to your link. :)
by Jim in a Nautilus COAT on May 13th, 2009
I have posted a comment under yours, Jim. Wonder how I missed 9 out of the 10 questions you had given links to. But your questions are all excellent stuff Jim. I answered all the 10 in the process of looking for any objectionable content in them as you had said in your comment.
As you are a seasoned ABer, I thought you must take a look at iwnit's question and look at the link he has given.
At times it is good for us to know how the others look at us or even make fun of us. But what is important is the sentiments expressed by all those who answered and commented under some 12 Answers. Great comeradeship expressed there.
Iwnit has posted an answer to his own question too.
by Suby the Coat on May 14th, 2009