Liberal free for all coming to an end

[TracyCoxx]

Originally Posted by randolph

Tracy During the great depression, the Republicans were very resistant to increase debt in order to stimulate the economy. Consequently many banks failed and millions of people lost their savings (no FDIC). FDR finally did get a modest stimulus going but it was inadequate to really get recovery. It took WWII to get the country back on its feet with a four trillion dollar war debt!

$4 trillion war debt? Where did you get that? Besides, during the Great Depression, various political sides will have different approaches to the problem. Democrats will want to spend ourselves out of debt. Republicans will want to cut spending and tighten our belt. A Great Depression is a national emergency though, and contrary to what TLB staff will have you believe I'm not talking about national emergencies. I'm talking about the word you bolded in my quote in your post: routinely. So again, in normal times, is it ever a good practice to routinely run a deficit? That is the pressing question.

btw, in the attached image, you'll see that the debt didn't reach $4 trillion until about 1990.