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Adrahil

(13,340 posts)

6. Well, Keynes says....

Reply to steve2470 (Original post)

Tue Jun 30, 2015, 11:09 AM

Jun 2015

That deficit spending is good in economic down times. But that in good times, it's best to eliminate it, since it's parasitic, and you're essentially allocating part of the budget to fund the investing class, which he considers a market distortion. A manageable structural debt is not dangerous, but it DOES essentially publicly fund the profits of investors. You can decide for yourself if that's a good idea.

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question about deficit spending [View all] steve2470 Jun 2015 OP

In grossly oversimplified terms geek tragedy Jun 2015 #1

yes that was my understanding, thank you! nt steve2470 Jun 2015 #2

One reason why Bush tax policies were a disaster! on point Jun 2015 #4

short term high defecit spending is not a problem Travis_0004 Jun 2015 #3

Right now our debt (not deficit) is around $ 18 trillion Yupster Jun 2015 #5

Well, Keynes says.... Adrahil Jun 2015 #6

Deficit spending isn't an issue until borrowers suspect you aren't going to pay it back... PoliticAverse Jun 2015 #7

Households can go bankrupt through a few years of bad decisions. Orsino Jun 2015 #8

Deficit spending is just a failure to properly tax the rich Taitertots Jun 2015 #9