Fiscal Year 2010's deficit report

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Fiscal Year 2010's deficit report

Postby Wulfespinndel » Fri Oct 15, 2010 6:39 pm

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Re: Fiscal Year 2010's deficit report

Postby DaCrum » Fri Oct 15, 2010 7:31 pm

Meh, and it's depressing. IT won't go away.

Well, unless both parties decided to do something neither would like say... Raise taxes, decrease the entire budget, cut services, etc. Then it could probably go away very quickly, but that'll never happen so it's here to stay.
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Re: Fiscal Year 2010's deficit report

Postby zepherin » Fri Oct 15, 2010 7:40 pm

It's not at a critical mass yet. For this year we need to stay the course and then start trimming back the next two years. Also we need to raise taxes. But we are still doing better than most other developed nations in terms of debt to gdp ratio. We will start crowding out local business if we don't work on reducing the debt.

https://www.cia.gov/library/publication ... 6rank.html
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Re: Fiscal Year 2010's deficit report

Postby Valhallen » Fri Oct 15, 2010 11:57 pm

What zepherin said. Running a big deficit for now isn't good, but it's better than the alternatives.
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Re: Fiscal Year 2010's deficit report

Postby Wulfespinndel » Sat Oct 16, 2010 12:07 am

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Re: Fiscal Year 2010's deficit report

Postby EagleMan » Sat Oct 16, 2010 12:37 am

I think most of us here know what Keynesian economics is, though I know you're just trying to be helpful (it's been plenty brought up is all).
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Re: Fiscal Year 2010's deficit report

Postby zepherin » Sat Oct 16, 2010 1:05 am

I would love to get drunk and talk macro economics with that dude. WOOOOOoooo Maynard Keynes.
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Re: Fiscal Year 2010's deficit report

Postby Rival » Sat Oct 16, 2010 4:21 am

zepherin wrote:https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

Woah didn't think Singapore had that bad a debt to GDP ratio. The more you know.
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Re: Fiscal Year 2010's deficit report

Postby zepherin » Sat Oct 16, 2010 2:44 pm

Rival wrote:
zepherin wrote:https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

Woah didn't think Singapore had that bad a debt to GDP ratio. The more you know.

yes, but they have a net export which balances out deficit spending. The United States has a net import which amplifies the deficit spending.
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Re: Fiscal Year 2010's deficit report

Postby Rival » Sun Oct 17, 2010 4:45 am

zepherin wrote:
Rival wrote:
zepherin wrote:https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

Woah didn't think Singapore had that bad a debt to GDP ratio. The more you know.

yes, but they have a net export which balances out deficit spending. The United States has a net import which amplifies the deficit spending.

I see.

Well, I wouldn't have expected Singapore to have net export either, I wouldn't think such a small country would be able to produce that much valuable stuff, so that's interesting too.

I guess I'm thinking too much in old-fashioned terms.
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Re: Fiscal Year 2010's deficit report

Postby zepherin » Sun Oct 17, 2010 5:01 am

They do a lot of electronics and chemicals.

http://www.economywatch.com/world_econo ... mport.html
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