ST Alpha - "It's pretty much a given that will happen. It's the flaw in all the "cut spending" rhetoric here. Now is really not the time to do it." (Reading a Post)

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In response to "So, Great Britain, how's that austerity program working out for you? -- (link)" by znufrii

It's pretty much a given that will happen. It's the flaw in all the "cut spending" rhetoric here. Now is really not the time to do it.

Posted by pmb (aka pmb) Apr 25 '12, 10:41

Cut when the economy turns around. Now we need to spend (wisely).

Responses:

I am shocked *shocked* that reducing economic activity leads to reduced economic activity -- nm - con_carne Apr 25, 10:46 2
- They just didn't cut enough. Then it would have worked! -- nm - Don Homer Apr 25, 10:56 1
  - businees confidence in the economy will spur investment growth any time now... -- nm - znufrii Apr 25, 11:09
One problem with this is that there's a lot less incentive to do this when the economy is growing. "Hey, the good times are going to last forever!" + - Roger More Apr 25, 10:46 6
- [deleted]
- Hence the folly of the Bush tax cuts. We were running a surplus. Able to pay down some of our debt, but Bush view was we should give that money back - pmb Apr 25, 10:59
- Deficits don't matter. Reagan proved that -- nm - Dick Cheney Apr 25, 10:48 3
  - In a way they don't, because by the time they do matter you're out of office and can blame it on your successors. -- nm - Roger More Apr 25, 10:53 2
    - politically, yes, but they will matter to you unless you move away because deficits = deferred taxes -- nm - zork Apr 25, 10:58 1
      - That's my point :) It becomes someone else's problem. -- nm - Roger More Apr 25, 11:01

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