[barsikjal]

And only slightly smaller deficits for years to come.

Commence indigestion. We're going to be paying this off for generations.

You have way more faith in the American political system than I.

[Nglvayhp]

What proof/reasoning do you offer that all this spending will prevent a depression, or that one will happen if we don't spend?

So far, all I've heard is Obama's fear mongering about things getting worse.
Similar to what the REPUG are always accused of when talking about the war on terror.

I don't have proof myself. But what proof do you have that "doing nothing" or "tax cuts without additional spending" is the best route?

[SawbasyWrab]

I don't have proof myself. But what proof do you have that "doing nothing" or "tax cuts without additional spending" is the best route?

The fact that you're willing to spend trillions of dollars without proof scares the hell out of a lot of people.

[beethyday]

Indeed. Let's keep some perspective. I mean as bad as things have been, we haven't even reached 10% unemployment.

True. Using the methods to measure unemployment like in the 30's, we've surpassed 10%.

[ASSESTYTEAH]

The real question for me is whether I want to stick around and try to fix the country or just bolt to sweet, low-tax Ireland...


We'd need an 18% hike in total revenues (including state and local) to hit Ireland's tax/GDP ratio. Federal revenues would have to go up by 36%.
http://www.oecd.org/dataoecd/48/27/41498733.pdf

[Bymnbypeten]

Yes. It reminds me of the '40s & '50's when Democratic spending built the strongest middle-class the world had even seen.

And comparing now to the 40s and 50s is even more delusional.

[marketheal]

This is not 1929. Projections from economists are varied and plentiful as candy with as much substance.

And you think 1929 was different?

[bQXHsKzS]

And who is that somebody. Its that little voice in the back of their heads saying we can get away with this.

And While I won't argue your point, which party had control of congress in December? Which branch of the government has primary control of expenditures?

[proslaviy]

Keynes' General Theory didn't come out till '36.

That is correct there was no stimulus in 1929 or the early 30's

[VIAGRAENLINOBARATOCAMPRAR]

Indeed. Let's keep some perspective. I mean as bad as things have been, we haven't even reached 10% unemployment.

I would not be totally shocked if at some point, we do reach ten percent unemployment. IIRC we're already at 7 percent.

[newshep]

I would not be totally shocked if at some point, we do reach ten percent unemployment. IIRC we're already at 7 percent.

Then you can start getting 40% worried about us going into a Depression that needs a New Deal.

[MightyMasd]

Well, you know, the whole, every other Western country's economy was destroyed and needed imports from the US could have helped with that post-war boom too. Just sayin'

[outsitWrord]

Yeah, the only country who's factories hadn't been bombed out.

[AlabamaBoyz]

Ireland's score on the Tax Misery Index is almost as low as the United States' and is the lowest of the countries I might consider moving to. Seems like the best alternative to escape a rising American tax burden.

http://www.forbes.com/global/2005/0523/024chart.html

As long as it's clear that you're using some bullshit metric instead of a simple revenue/GDP figure, whatever dude.

[GZFL2tDA]

Yes. The US actually isn't in Europe. BTW, that figure is six years old.

[gSjQEEmq]

Right wingers such as yourself are frequently ignorant about how the Irish tax burden compares to our own. Just correcting you. It's a public service.

[intendepods]

Implicit in that ridiculous statement is the belief that federal taxes are going to increase by significantly more than a third.