The Soapbox

Late 80s Hokie

Joined: 10/29/2001 Posts: 2915
Likes: 3335


I'm still generally a Keynesian in the big picture. You should deficit


spend SOME TIMES. Like in times of recession / depression. That's why I don't like it when people call out Obama's EARLY term deficits. Blaming him for later in his term when the economy was well into recovery can be valid (but certainly shared blame with congress)

BUT, the flip side of Keynesian theory is "during good times, run a surplus." That's what helps the country to pay for the next recession when you need to do some deficit spending.

But not the US. Run a deficit during a recession. Times are good? Screw a surplus, cut taxes and make the party bigger! Deficit spend during bad times AND good. Just dumb.

(In response to this post by Tuckahokie)

Posted: 10/10/2019 at 08:40AM



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