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.

[randolph]

The WWII cost has been estimated to be about five trillion dollars, most of it borrowed dollars (bonds). The war debt exceeded the GDP, the current debt has yet to exceed the GDP.
Its important to keep in mind that we have a far larger economy now than we had in 1945. The skyrocketing debt after Clinton has been the result of irresponsible management of the country by our government. Free-market ideology and endless wars is destroying our country.

[GRH]

A working class man that votes for a Republican is like a chicken that votes for Colonel Sanders.

[ila]

Originally Posted by TracyCoxx

...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...

This is the second time that you have posted TLB staff. Who are you referring to? The only staff of TLB is the site owner. If you are referring to one specific person then mention that person. Don't make blanket statements lumping several people into one group when you only intend to refer to one person.

[TracyCoxx]

Originally Posted by ila

This is the second time that you have posted TLB staff. Who are you referring to? The only staff of TLB is the site owner. If you are referring to one specific person then mention that person. Don't make blanket statements lumping several people into one group when you only intend to refer to one person.

By TLB staff I mean moderator. Not you though.

[ila]

Originally Posted by TracyCoxx

By TLB staff I mean moderator. Not you though.

Thankyou, Tracy.