Quote:
Originally posted by Beyond Say
What ppl don't unserstand and what economist have been saying forever is that during a recession a deficit is always better because it will help the people out.
When Bill Clinton left the office America had more money than needed, but by the end of the Bush era we were in hella debt. and Bush spent money on stupid things like giving tax breask to the rich, the irrelevant war in iraq, Guantanamo Bay, Big Oil companies, etc.
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the conservatives don't spend as much because they aren't as willing to spend money for the greater good. and those tax breaks/ cuts for the rich sicken me. basically all the conservatives do is make the rich richer, and everyone else is irrelevant to them.
in australia we are in a lot of debt, but we are one of the only countries that aren't in a recession.
why? because the government forked out a ton of money, giving out millions in handouts to the public so that people could continue to spend and it kept the economy afloat. we're in debt but we're a lot better off than other places. people do not realise that debt is not the end of the world. since the dawn of time most governments have been in debt even in boom times. all these ppl who think obama is killing the US economy by all this spending is falling for the right-wing propaganda and all the politics.
(i'm not even american but i did politics and history in high school so before anyone attacks me for not even livin in the US, i actually pay attention to world events outside my country LOL

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