I'm sure you all know this but, the idea is for the Government to spend more during slow economic times allowing for a deficit, in order to stimulate the economy and for the Government to reduce spending during good economic times, thereby reducing any deficit.



The problem is, the Government went about spending like a drunken sailor during the good times, thereby increasing the deficit to monumental proportions. That makes any stimulus spending during hard times that much more difficult to accomplish any beneficial economic result, due to the inherent Inflationary nature of said stimulus.



This is a case of textbook Keynesian Economics Monetary Policy neutered by unchecked, undisciplined, and out of control runaway U. S. Fiscal Policy by the U.S. Congress as well as the Executive Branch of our last administration.



Remember the "Too Big to Fail" thing? All part of the same rotten thing stinking up Washington.



jsc
-----
"As hard as I've tried, just can't NOT do this"

John Crickmer

[ Show Entire Thread ]