Government Spending? Waste not, want not? YouCut program...

**Kraker Jak** · 07-09-10, 07:26 PM

Originally Posted by Fovezer

Borrow.

From who? No one has money, we are in a recession....

**Kraker Jak** · 07-09-10, 07:27 PM

i still do not understand how going FURTHER in debt, will get you OUT of debt....

Are you suggesting that I pay my credit card bill with my credit card?

**Fovezer** · 07-09-10, 07:42 PM

Originally Posted by Kraker Jak

From who? No one has money, we are in a recession....

Sale of Treasury securities, for example.

Originally Posted by Kraker Jak

i still do not understand how going FURTHER in debt, will get you OUT of debt....

Are you suggesting that I pay my credit card bill with my credit card?

I'm not suggesting this to reduce the National Debt. In fact, this will raise it, but the national debt is not the reason for the recession.

**Toad** · 07-09-10, 07:59 PM

Originally Posted by Kraker Jak

Are you suggesting that I pay my credit card bill with my credit card?

I'm pretty sure they're actually suggesting that the majority of economists, when they look at how economies work, suggest spending out of a recession instead of risking even worse economic troubles by saying "ok economy, just stop for a sec, and I'll restart you later on when I've caught my breath" because economies don't do that. The economic system of the planet's lone superpower is more complicated than your credit card bill.

To any economics majors/enthusiasts we have out there: Do you know how our extensive borrowing from the Chinese is going to effect the value of their currency? I know that they keep it artificially depressed so that the rest of the world grows ever more dependent on China for imports. Also, if we devalue our currency vs. theirs with all of this borrowing, do we wind up helping American exports vs. Chinese exports a little bit, or does it not have any difference?

**Kraker Jak** · 07-09-10, 08:06 PM

As always, you can always fall back on south park...

http://www.southparkstudios.com/guide/1303/

Go watch that, and then you may understand the "economy"

**Consultant** · 07-10-10, 12:01 AM

Mr. Econ 101 up there should watch this. Everything you need to know about Economics in a simple rap. Listen to it a few times.

http://www.youtube.com/watch?v=d0nERTFo-Sk

**Consultant** · 07-10-10, 12:04 AM

Originally Posted by Toad

I'm pretty sure they're actually suggesting that the majority of economists, when they look at how economies work, suggest spending out of a recession instead of risking even worse economic troubles by saying "ok economy, just stop for a sec, and I'll restart you later on when I've caught my breath" because economies don't do that. The economic system of the planet's lone superpower is more complicated than your credit card bill.

To any economics majors/enthusiasts we have out there: Do you know how our extensive borrowing from the Chinese is going to effect the value of their currency? I know that they keep it artificially depressed so that the rest of the world grows ever more dependent on China for imports. Also, if we devalue our currency vs. theirs with all of this borrowing, do we wind up helping American exports vs. Chinese exports a little bit, or does it not have any difference?

Lone super power? What decade are you living in? China is kicking our ass and India is on the way.

When Western European governments are warning US to reign in spending, that's frightening, LOL

http://www.guardian.co.uk/world/2010...ession-warning