THIS DEBATE IS ACTUALLY GOING TO MEAN SOMETHING (Page 8/22)
BingB SEP 08, 04:39 PM

quote
Originally posted by olejoedad:

Rebuilding Obama's depleted military cost money, just wait until you see the spending to rebuild Joes mess he made.



Another sucker for the military industrial complex


According to the Stockholm International Peace Research Institute (SIPRI) in 2023 the United States had $916 Billion in military spending. That is more than the next NINE countries COMBINED.


China........ 296
Russia....... 109
India......... 83.6
Saud Ar..... 75.8
UK............ 74.9
Germany... 66.8
Ukraine..... 64.8
France...... 61.3
Japan....... 50.2


Of course we should have the most military spending since we also have the largest GPD. But we don't need to be feeding all this money into the military

The military advantage in modern warfare will be technological. It is expensive to develop the best technology, but not like trying to build more airplains and aircraft carriers or maintaining a huge standing army.

[This message has been edited by BingB (edited 09-08-2024).]

NewDustin SEP 08, 07:33 PM

quote
Originally posted by randye:

Leftists loathe Ludwig.



Loathe him or not, "everyone" does not agree with that statement.
randye SEP 09, 03:59 AM

quote
Originally posted by NewDustin:

Loathe him or not, "everyone" does not agree with that statement.




Just like you will usually get the stink with the skunk, expect bingie's posts to carry the stench of fallacious absolutes.
Sadly, it's a trait very common to inerudite adolescent "rhetoric".

[This message has been edited by randye (edited 09-10-2024).]

ray b SEP 09, 10:06 AM

quote
Originally posted by randye:


Just like you will usually get the stink with the skunk, expect bingie's posts to carry the stench fallacious absolutes.
Sadly, it's a trait very common to inerudite adolescent "rhetoric".






but some how the LIES the false claims the pure BS are deep on the nut-con side

lib's read news the con's demand only fake news
con's false claims are all proven WRONG
BUT REPEATED ENDLESSLY NO MATTER

YOUR CULT LEADER IS A SCUMBAG CROOK
NO AMOUNT OF LIES AND SPIN CAN CHANGE THAT

i BET THE CREEP WILL EXPLODE ON THE DEBATE STAGE AND MELT DOWN
BingB SEP 09, 10:17 AM

quote
Originally posted by NewDustin:

Chokes in Mises.




Here is the way this should work

Post a link to a source that says deficit spending will not boost the economy. I believe that there is pretty much a consensus that deficit spending puts more money in the economy which will boost GDP. I am not talking about the long term effectrs.

All of this "You are wrong just because I say you are wrong" is getting tiresome.
Valkrie9 SEP 09, 10:32 AM

.


.
' Ridicule is the only weapon that can be used against unintelligible propositions.
Ideas must be distinct before reason can act upon them. '
~ Thomas Jefferson
.
Monticello, July 30, 1816

' Yep ! Kamala will fail terribly in the debate, because there is nothing there, there is no there in there, it's just the fake posturing of a ccp/pla sycophant, as plain as day, right before your very eyes ! '
Oakland, Ca voting Trump in '24 will be the tell-tale, the canary in the coal mine, the abandon ship signal alarm for the politicians eyeing certain defeat and expulsion from power.
' Kan't win with Kamala in '24 ! '
A failed campaign from the get, ' Interviews ? Naw, I'm not doing interviews, the people will discover who I am ! '

[This message has been edited by Valkrie9 (edited 09-09-2024).]

NewDustin SEP 09, 11:33 AM

quote
Originally posted by BingB:

Here is the way this should work

Post a link to a source that says deficit spending will not boost the economy. I believe that there is pretty much a consensus that deficit spending puts more money in the economy which will boost GDP. I am not talking about the long term effectrs.

All of this "You are wrong just because I say you are wrong" is getting tiresome.


I'm well aware of how this should work, and I wasn't just saying "you are wrong."

"Chokes in Mises" is a reference to Ludwig Von Mises. Mises was one of the most influential libertarian economists in US history. He was instrumental in bringing Austrian economics to the US. Mises (and the Austrian school in general) is extremely critical of government spending, and especially critical of any government spending that leads to a deficit. If you look into the Austrian school, you'll find the Mises Institute, George Mason University, and (occasionally) NYU as caches of economists who would disagree vehemently with your statement about deficit spending. Stretching the definition a bit (but leaving in all the criticism of deficit spending) you could include Cato Institute, The Foundation for Economic Education, and The Hayek Society in there as well.

If you want something more direct, here's a quote from Mises himself:
"The great misconception implied in the demand for government spending as a means of 'creating jobs' is that the government can fund expenditures by creating money or borrowing, without realizing that this method only serves to depreciate the currency and distort the economic structure."
-From 'Planning for Freedom' (1952)

Just because I didn't hyperlink a source for you in the first reply doesn't mean I wasn't citing a reasonable source to counter your point
BingB SEP 09, 11:49 AM

quote
Originally posted by NewDustin:

I'm well aware of how this should work, and I wasn't just saying "you are wrong."

"Chokes in Mises" is a reference to Ludwig Von Mises. Mises was one of the most influential libertarian economists in US history. He was instrumental in bringing Austrian economics to the US. Mises (and the Austrian school in general) is extremely critical of government spending, and especially critical of any government spending that leads to a deficit. If you look into the Austrian school, you'll find the Mises Institute, George Mason University, and (occasionally) NYU as caches of economists who would disagree vehemently with your statement about deficit spending. Stretching the definition a bit (but leaving in all the criticism of deficit spending) you could include Cato Institute, The Foundation for Economic Education, and The Hayek Society in there as well.

If you want something more direct, here's a quote from Mises himself:
"The great misconception implied in the demand for government spending as a means of 'creating jobs' is that the government can fund expenditures by creating money or borrowing, without realizing that this method only serves to depreciate the currency and distort the economic structure."
-From 'Planning for Freedom' (1952)

Just because I didn't hyperlink a source for you in the first reply doesn't mean I wasn't citing a reasonable source to counter your point


All of these people agree that deficit spending is a bad thing in the long run. I agree with that.

All of them also agree that the reason it is difficult to end deficit spending is because CURRENT DEFICIT SPENDING BENEFITS THE CURRENT ECONOMY.

That is what Trump did when he cuts tax rates but did not cut spending. he ran up the deficit, but he pum[ed more money into the economy that boosted GDP.
olejoedad SEP 09, 12:15 PM
How much is the National Debt today?

Pennies add up to dollars, Congress should have been paying attention for several decades.
NewDustin SEP 09, 01:13 PM

quote
Originally posted by BingB:
All of them also agree that the reason it is difficult to end deficit spending is because CURRENT DEFICIT SPENDING BENEFITS THE CURRENT ECONOMY.



That is incorrect.
Or if you prefer Cato.
Or George Mason.
Or the FEE.


quote

That is what Trump did when he cuts tax rates but did not cut spending. he ran up the deficit, but he pumped more money into the economy that boosted GDP.


The fiscally conservative argument is that without a corresponding reduction/check on spending all you will do is run up financially ruinous deficits. Trump's tax cuts were not necessarily popular amongst the Austrian crowd. The FEE has the most optimistic take on them, and even they dedicate an entire section to the need for spending cuts.