ST Alpha - "the argument I found very persuasive in response was that it was FDR's reluctance to increase the deficit, not his spending programs," (Reading a Post)

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In response to "znufrii that the New Deal by FDR served to improve to general economy in the 30's can neither be easily refuted, nor dismissed as it pertains to the " by Loyola

the argument I found very persuasive in response was that it was FDR's reluctance to increase the deficit, not his spending programs,

Posted by znufrii Feb 15 '09, 15:59

that prolonged the Great Depression. Government spending as a share of the overall domestic economy during the New Deal stayed at about 20%. It wasn't until WWII that government spending increased dramatically, and pulled us out of the depression.

By comparison, today it is about 35%.

http://www.nytimes.com/2009/01/27/business/economy/27fdr.html (www.nytimes.com)

Responses:

We seem to be in the odd position whereby we both agree that substantial fiscal measures by FDR, or lack thereof as the case may be served to - Loyola Feb 15, 16:06 2
- well, I wouldn't characterize them as substantial fiscal measures, so much as substantial policy measures... -- nm - znufrii Feb 15, 16:14
- atleast you guy's have history facts somewhat clear - Dane Duke Nuuk Feb 15, 16:10

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the argument I found very persuasive in response was that it was FDR's reluctance to increase the deficit, not his spending programs,

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