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60. Re: Out of the Blue Nov 7, 2012, 20:14 Cutter
Mashiki Amiketo wrote on Nov 7, 2012, 19:35:
Cutter wrote on Nov 7, 2012, 15:10:
Oh, and for the record austerity budgets don't work to fix recessions. Never have, never will. It takes money to make money.
Really? Odd how that works, it seems to have done a very good job up here in Canada over and over again. Then again, turning on the printing presses repeatedly is always a great way to devalue your currency and fiscally screw yourselves over the long term.

You don't make money, by bankrupting yourself either.

No it hasn't. Trickle-up economics is what works. If people don't have a disposable income they don't buy anything and it all grinds to a halt. We've cut spending but it's hardly an austerity budget as we're still spending. That and solid regulation is what helped us stave off the disaster the US has seen. Oh yeah, and that regulation that saved our asses was what the PC were trying to gut so we could have more of American style banking system. Thankfully with their then minority they couldn't get it done or we really would be up shit creek right now. How the hell do you think FDR got the US out of the depression? The New Deal didn't just happen magically.
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