tag:blogger.com,1999:blog-17206839.post5543991918108066538..comments2023-09-09T09:26:22.175-04:00Comments on Andrew Samwick's Blog: So Who Won the Fiscal Cliff Fight?Andrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-17206839.post-29450142720876120812013-01-04T20:09:53.864-05:002013-01-04T20:09:53.864-05:00I wish the conversation was,
"How much mone...I wish the conversation was, <br /><br />"How much money should be spent on the Infrastructure Bank?" <br />rather than counterproductive deficit reduction.<br /><br />jbakhoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17206839.post-31312275345333636722013-01-03T12:36:17.658-05:002013-01-03T12:36:17.658-05:00It is easy for someone wearing professorial robes ...It is easy for someone wearing professorial robes to talk academically about how other people should spend their money. <br /><br />Keynesian macroeconomists are, by far, the world's worst offenders.<br /><br />Have you guys ever really checked the track record of Keynesian fiscal policy? It don't work! Didn't in the Depression. Hasn't since.<br /><br />I bet no one, Dr. Samwick, can cite a single convincing example of quantifiable Keynesian fiscal policy that actually predicted and achieved a pre-defined result.<br /><br />Such an animal does not exist on this planet. <br /><br />Should you chose to try and prove that statement wrong with specific examples then... <br />All I have to say is...<br />Get your calculator ready...<br /><br />Go ahead, make my day!Azleaderhttp://informthepundits.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-17206839.post-11980615990624309872013-01-03T11:19:51.103-05:002013-01-03T11:19:51.103-05:00Senator McConnell has declared the tax debate over...Senator McConnell has declared the tax debate over:<br /><br />http://econospeak.blogspot.com/2013/01/was-that-last-word-on-taxes.html<br /><br />And yes I highlighted the fact that you disagree. ProGrowthLiberalhttps://www.blogger.com/profile/17138489390594441753noreply@blogger.comtag:blogger.com,1999:blog-17206839.post-61819838144681751442013-01-02T19:54:41.108-05:002013-01-02T19:54:41.108-05:00We still have unemployment that is way too high. ...We still have unemployment that is way too high. It is important to extend the UI for now and get whatever meager stimulus Congress can be enticed to serve up. <br /><br />Grand Bargain Deficit reduction can always be undone. Debt will be easier to pay down if we first close the GDP gap and reduce unemployment- More taxpayers, fewer benefits paid out, same percent of GDP as revenue means lower deficit. <br /><br />In the 1990s, we only ran surplus after unemployment dropped to 4%. Fix unemployment, contain health care costs and the deficit will take care of itself.<br /><br />- jonny bakhoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17206839.post-70791958358581837872013-01-02T16:39:08.272-05:002013-01-02T16:39:08.272-05:00"An economist can hope, can't he?"
..."An economist can hope, can't he?"<br /><br />Yes, he can. But I'd bet he's worried as a lot of us are that the next thing to be given away by our president will be cuts to social insurance programs like Social Security, Medicare and Medicaid. Obama has little problem accepting Republican framing (and thinking) and then giving away the store.Anonymousnoreply@blogger.com