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View Diary: Before You Start Bashing Sen. Patty Murray (D-Wash.) Read This (293 comments)

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  •  As any professional economist will tell you... (5+ / 0-)

    ...timing is important.

    The time to "get our fiscal house in order," by which I assume you mean reduce the deficit, is when the economy is growing.

    The time to run a deficit is now, to stimulate demand, while interest rates are negative and unemployment is high.

    So there's a reason you are in a "miniscule minority here."

    •  Unfortunately (2+ / 0-)
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      expatjourno, subav8r

      we tend to elect people who aren't disciplined enough to follow that guide.  And half of them don't give a whit - all they want is to feed those that feed them.  More money to the rich means money keeps supporting their re-elections which means they keep their power.  I think one of the issues that needs to be changed is campaign finance.

      "You have attributed conditions to villainy that simply result from stupidity"

      by newfie on Mon Nov 12, 2012 at 08:12:34 AM PST

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    •  yup (1+ / 0-)
      Recommended by:

      one only needs to look at Europe and how their austerity programs worked out for them.

      We should use the opportunity of cheap money to fix our infrastructure and better educate our citizens.

      A 10% cut to the military is really needed and won't decrease our might at all, yet sadly now is not a good time for this because of its negative impact to the economy.

      Much like other cuts to government now is not the right time.

    •  Thank you. (3+ / 0-)
      Recommended by:
      expatjourno, subav8r, Progressive Pen

      This is just such basic Economics 101 I can't understand why this fact hasn't been thrown around like candy ever since the recession started. Any serious economist knows this, and it's always been that way (and has always been correct) since John Maynard Keynes discovered this more than 70 years ago.

    •  Uh...I agree that now is not the time. Indeed, I (1+ / 0-)
      Recommended by:

      agree with everything you said. What I disagree with is the vocal segment here that wants to claim that there is no problem at all. What I want is a plan to reduce the deficit; I do not want austerity now.

      “liberals are the people who think that cruelty is the worst thing that we do” --Richard Rorty

      by jeff in nyc on Mon Nov 12, 2012 at 11:09:04 AM PST

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