Comments on: The King is Dead! Long Live the King! http://www.uspoliticalscene.com/2009/01/the-king-is-dead-long-live-the-king/ A right of center view of American politics Wed, 01 Feb 2012 21:14:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Spencer http://www.uspoliticalscene.com/2009/01/the-king-is-dead-long-live-the-king/comment-page-1/#comment-580 Spencer Wed, 07 Jan 2009 05:02:28 +0000 http://www.uspoliticalscene.com/?p=175#comment-580 I think when the goverment can't even balance a budget in a good ecomony how will they make it work in a bad economy? I think this goes to show the american attitude toward debt and borrowing. I think it would be very interesting to see how many of our elected officials are able to live on a balanced budget or how many have file for bankrupsy. If their personal lives are a mess financially how do we expect them to keep the government from being a mess. The other thing that I think many americans don't understand is that when the government spends money they are just spending our money not theirs. every person is responsible for part of the national debt and could be sent a 'bill' for it. I wish they would make it more public where all the money is spent, create a website of spending.gov. I think when the goverment can’t even balance a budget in a good ecomony how will they make it work in a bad economy? I think this goes to show the american attitude toward debt and borrowing. I think it would be very interesting to see how many of our elected officials are able to live on a balanced budget or how many have file for bankrupsy. If their personal lives are a mess financially how do we expect them to keep the government from being a mess.
The other thing that I think many americans don’t understand is that when the government spends money they are just spending our money not theirs. every person is responsible for part of the national debt and could be sent a ‘bill’ for it. I wish they would make it more public where all the money is spent, create a website of spending.gov.

]]> By: Jared http://www.uspoliticalscene.com/2009/01/the-king-is-dead-long-live-the-king/comment-page-1/#comment-579 Jared Tue, 06 Jan 2009 14:07:28 +0000 http://www.uspoliticalscene.com/?p=175#comment-579 On an individual level, no. However, a business has to spend money to make money. This usually occurs by going in debt (unless the businessman already has oodles of money). Take Amazon.com as an example. They were unprofitable for the first 3-5 years as a business but the venture capitalists kept pumping in more and more money. Because Amazon's business plan was sound, they were able to turn their "deficit spending" into profit. Therefore, theoretically the government should be able to do something similar and in time have increased profits (tax revenues from individuals and businesses). However, it's very tricky to do on a governmental level. I wouldn't recommend it and I wouldn't do it. However, I'm not an economist so my opinions could be quite wrong (they could be quite wrong even if I were an economist). I know this method of boosting an economy is quite popular and has its merits but I think it's the wrong way to deal with the economy in the long run. In general, I'm not a fan of deficit spending and I don't think the government can spend its way out of debt. This is why I'm not a big fan of many of the fiscal policies of Congress, the current administration, and now, the incoming administration. On an individual level, no. However, a business has to spend money to make money. This usually occurs by going in debt (unless the businessman already has oodles of money). Take Amazon.com as an example. They were unprofitable for the first 3-5 years as a business but the venture capitalists kept pumping in more and more money. Because Amazon’s business plan was sound, they were able to turn their “deficit spending” into profit.

Therefore, theoretically the government should be able to do something similar and in time have increased profits (tax revenues from individuals and businesses). However, it’s very tricky to do on a governmental level. I wouldn’t recommend it and I wouldn’t do it. However, I’m not an economist so my opinions could be quite wrong (they could be quite wrong even if I were an economist). I know this method of boosting an economy is quite popular and has its merits but I think it’s the wrong way to deal with the economy in the long run.

In general, I’m not a fan of deficit spending and I don’t think the government can spend its way out of debt. This is why I’m not a big fan of many of the fiscal policies of Congress, the current administration, and now, the incoming administration.

]]> By: James Tanner http://www.uspoliticalscene.com/2009/01/the-king-is-dead-long-live-the-king/comment-page-1/#comment-578 James Tanner Tue, 06 Jan 2009 13:37:47 +0000 http://www.uspoliticalscene.com/?p=175#comment-578 Can you spend your way out of debt? Can you spend your way out of debt?

]]> By: Euripides http://www.uspoliticalscene.com/2009/01/the-king-is-dead-long-live-the-king/comment-page-1/#comment-577 Euripides Mon, 05 Jan 2009 17:04:14 +0000 http://www.uspoliticalscene.com/?p=175#comment-577 The real kicker here is that the US started from a strong growth period with a deficit, didn't pay it off, then created an even bigger deficit with the stock market crash and economic downturn, and now Obama thinks that an even bigger deficit will help the economy. What wisdom! What insight! What change! The real kicker here is that the US started from a strong growth period with a deficit, didn’t pay it off, then created an even bigger deficit with the stock market crash and economic downturn, and now Obama thinks that an even bigger deficit will help the economy. What wisdom! What insight! What change!

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