As to debt, deficit negotiatio
Some News items. But mainly personal opinions that may be unreasonable, without warrant, meaningless and shameless but relentless and consistent as a blinking light. Of course there is that story about Antoine-Laurent de Lavoisier, the guy who discovered and named oxygen & hydrogen and executed during the reign of terror. He purportedly asked a servant to see if his eyes blinked after he was beheaded. No one could prove the story. But maybe we can see after death.
Friday, July 29, 2011
GDP drops
Keynesian economics at this juncture indicates that this is not the time for government to stop spending or even cut back. See the "Paradox of Thrift." There is no equivalenc
y between our homely little budget and what a government 's budget should be. We need jobs. And we need to spend ourr way out of this.
As to debt, deficit negotiatio ns congress has two tools: Taxes and cutting spending. You just can't take away the taxes tool as has been done by this dumb Grover Norquist pledge that these Republican congress people have signed. The American public is being taken for a ride by the Republican message (which BTW is very clever). .
As to debt, deficit negotiatio
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