Originally Posted by petegz28
I am not an Keynesian. But regardless, federal spending cuts will not create jobs nor spur the eceonomy to any significant degree.
We disagree. It leaves money in the private sector. It helps. Unless you only want the military industrial complex to make money.
Of course cutting regs and getting Bernanke to lay off his QEs would also help.
The pain is coming either way....because the markets must be allowed to clear and correct. That has not been allowed under Bernanke, Bush (at the beginning) or Obama. Plus Obamacare should be repealed as it has $17 trillion in unfunded liabilities.
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution
“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950