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View Diary: "We are not having a debt crisis." Krugman nails it again (81 comments)

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  •  Re (0+ / 0-)
    we need a massive energy project in this country
    Why? To do what? I'm not necessarily disagreeing, but you don't just make energy for the sake of it, right?
    doesn't have to be focused on bringing retail products to market.  we need bridges, roads, wind and solar farms.
    Again, why? Bridges and roads for what? Wind farms for what? For fun?

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri Dec 14, 2012 at 09:37:56 AM PST

    [ Parent ]

    •  yeah, you aren't serious (1+ / 0-)
      Recommended by:
      WheninRome

      -You want to change the system, run for office.

      by Deep Texan on Fri Dec 14, 2012 at 09:41:51 AM PST

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      •  I'm very serious (0+ / 0-)

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Fri Dec 14, 2012 at 09:43:39 AM PST

        [ Parent ]

        •  i think you're being obtuse (1+ / 0-)
          Recommended by:
          Bluehawk

          the economics of building bridges, rebuilding crumbling infrastructure, new roads and energy independence is a net plus.

          Krugman has very good analysis on this.  We can grow our way out of debt using debt.  However, that money has to be spent on things that provide more growth.  That growth then can shrink our debt.  Republicans are wrong that tax cuts do this.  They were wrong to force much of the stimulus into the tax cut mold.  It should have been bigger and less about tax cuts.

          Direct federal spending on projects that last and open even more development are the ways to create lasting future growth.

          -You want to change the system, run for office.

          by Deep Texan on Fri Dec 14, 2012 at 09:58:42 AM PST

          [ Parent ]

          •  Re (0+ / 0-)
            the economics of building bridges, rebuilding crumbling infrastructure, new roads and energy independence is a net plus.
            Only if you do something with them.

            Mine or refine metal.
            Grow food.
            Make computer chips.
            Design video games.
            Produce medical supplies.
            Reduce the cost or labor involved in any of the above.

            What you are doing either contributes to activities such as these, or it is a worthless waste of time (or it is charity work).

            When you say 'growth', you mean growth in things like those items. If you don't, then I have no clue what you are talking about and you'll have to rephrase.

            (-5.50,-6.67): Left Libertarian
            Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

            by Sparhawk on Fri Dec 14, 2012 at 11:15:52 AM PST

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            •  The conclusion does not follow. (0+ / 0-)

              Why would growth mean reducing the cost or labor of anything on your list?

              It would not.

              That would be increasing productivity.

              Growth would mean producing more units.  

              Improving infrastructure reduces the cost of moving units produced to consumers, thus enhancing profits.

              To Goldman Sachs in according to their desires, From us in accordance with the IRS.

              by Bluehawk on Fri Dec 14, 2012 at 11:36:06 AM PST

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            •  right. you have no clue! (0+ / 0-)

              are not serious.

              at best being obtuse.

              -You want to change the system, run for office.

              by Deep Texan on Fri Dec 14, 2012 at 11:53:01 AM PST

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              •  When you say 'growth' (0+ / 0-)

                What do you mean exactly?

                I have no idea.

                (-5.50,-6.67): Left Libertarian
                Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

                by Sparhawk on Fri Dec 14, 2012 at 11:57:46 AM PST

                [ Parent ]

                •  take for example building solar and wind farms (1+ / 0-)
                  Recommended by:
                  OleHippieChick

                  the product, if you must have a product for this to make sense is energy.  the growth part comes from building the streets, homes and farms themselves.  new areas opened up to business.  maintenance of said farms and servicing of new areas.

                  or even old areas that have had their people migrate away being grown because of new roads, farms, business and related structures necessary for civilization.

                  redesigning the coast, coastal cities, water systems and wildlife preservation could be a big boon to our economy.

                  if only we could get it funded.  structures to protect us from the rising tide.  all of this could be done in ways that help reduce our dependence on oil and help combat the effects of global warming.

                  but you know all of this.  you're just being obtuse. i really don't think you are clueless.  mr. no idea.

                  -You want to change the system, run for office.

                  by Deep Texan on Fri Dec 14, 2012 at 12:05:12 PM PST

                  [ Parent ]

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