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Economics Discuss 80-year study: Democrats better at economics at the Political Forums; Originally Posted by Xcali So you're saying the spending done on New Deal programs had nothing to do with debt, ...

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Old 08-27-2012, 08:33 PM
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Default Re: 80-year study: Democrats better at economics

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Originally Posted by Xcali View Post
So you're saying the spending done on New Deal programs had nothing to do with debt, if so you have a different history than the rest of the world.

No it doesn't sound familiar..


New Deal programs were suspended during the war. All they did was add soldiers and war time workers on the publics dime.

Bush had nothing on WWII spending.
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Old 08-27-2012, 08:35 PM
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Default Re: 80-year study: Democrats better at economics

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FDR every republican's nightmare. A real job ccreator.
A real debt creator you mean

FDR is every AMERICANS nightmare...........
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Old 08-27-2012, 10:32 PM
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Default Re: 80-year study: Democrats better at economics

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Originally Posted by PT Again View Post
New Deal programs were suspended during the war. All they did was add soldiers and war time workers on the publics dime.

Bush had nothing on WWII spending.
As I said, You need to learn history.

The overall cost of WWII was 304 billion dollars in the 40's..

And let's not forget, FDR did something Bush never did, he actually PAID for his war....

The Department of the Treasury, for instance, was remarkably successful at generating money to pay for the war, including the first general income tax in American history and the famous "war bonds" sold to the public.

All told, taxes provided about $136.8 billion of the war's total cost of $304 billion


The American Economy during World War II | Economic History Services
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Old 08-28-2012, 07:25 AM
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Default Re: 80-year study: Democrats better at economics

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As I said, You need to learn history.

The overall cost of WWII was 304 billion dollars in the 40's..

And let's not forget, FDR did something Bush never did, he actually PAID for his war....

The Department of the Treasury, for instance, was remarkably successful at generating money to pay for the war, including the first general income tax in American history and the famous "war bonds" sold to the public.

All told, taxes provided about $136.8 billion of the war's total cost of $304 billion


The American Economy during World War II | Economic History Services


So in the same post you have the audacity to claim he paid for his war.................and then post the numbers to prove yourself otherwise.

Brilliant!!

Now do your research and learn that once they lowered taxes on the rich, lowered corporate taxes and such, did we ever get out of the GD.

YOU CANNOT SPEND YOUR WAY OUT.

Sooner or later you will run out of other peoples money to spend.

FDR was the biggest deficit spender percentage wise............EVER!!
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Old 08-28-2012, 09:04 AM
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Default Re: 80-year study: Democrats better at economics

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Originally Posted by PT Again View Post
A real debt creator you mean

FDR is every AMERICANS nightmare...........
If you believe that no wonder we disagree on almost everything
Quote:
Originally Posted by PT Again View Post
So in the same post you have the audacity to claim he paid for his war.................and then post the numbers to prove yourself otherwise.

Brilliant!!

Now do your research and learn that once they lowered taxes on the rich, lowered corporate taxes and such, did we ever get out of the GD.

YOU CANNOT SPEND YOUR WAY OUT.

Sooner or later you will run out of other peoples money to spend.

FDR was the biggest deficit spender percentage wise............EVER!!
It takes money to make money
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Old 08-28-2012, 09:48 AM
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Default Re: 80-year study: Democrats better at economics

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If you believe that no wonder we disagree on almost everything


It takes money to make money


I dont agree with liberals and progressives on anything.........so dont feel bad


Thats funny on the takes money to make money............

When Republicans do it................its BAD
When Demicrats do it ..............THEY ARE SAVING THE WORLD!!

Like I said FDR traded debt for unemployment:

This is akin to me or you living the good life on the credit cards:

EVENTUALLY it catches up to you
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Old 08-28-2012, 10:13 AM
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Default Re: 80-year study: Democrats better at economics

Quote:
Originally Posted by PT Again View Post
So in the same post you have the audacity to claim he paid for his war.................and then post the numbers to prove yourself otherwise.

Brilliant!!

Now do your research and learn that once they lowered taxes on the rich, lowered corporate taxes and such, did we ever get out of the GD.

YOU CANNOT SPEND YOUR WAY OUT.

Sooner or later you will run out of other peoples money to spend.

FDR was the biggest deficit spender percentage wise............EVER!!
You obviously didn't read the article or any of the supporting articles.. I only posted about the taxes they raised which paid for roughly half the war.. War bonds paid for a great deal of it too. The point is World War II was not stuck on the credit card. We didn't Borrow the Money from China or Europe to fight that war. We came out of the Great Depression because of SPENDING. Spending will boost the economy and spur economic Growth. Economic Growth will drive down unemployment. Low Unemployment means more people working which in turn means more people paying in. More people paying in means more revenues, revenues that we then use to erase the deficits and begin paying down the debt. It's not Rocket Science. Short term Deficit Spending along with spending cuts is a proven method. No one is supporting increasing spending for the next 20 years..

I do know you can't cut your way out of debt. You could eliminate all discretionary spending now except for Defense and you would barely make a dent in the deficits or the debt.
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