Where have right wing economies been prosperous and for how long?
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11-19-2012, 02:12 AM
Post: #2
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I don't think that's ever been tried on a large scale.
Certainly, so-called "right-wing" American leaders have been nothing but borrow-and-spend. after the national debt had remained roughly the same for nearly forty years, even through the Korean and Vietnam wars, Reagan got elected and doubled the entire national debt in eight years. (Again, values adjusted for inflation for accuracy.) It did wonders for the economy, because borrowing trillions and spending it on American goods and services does make the economy strong, but of course it's borrowed strength that has to be paid back with interest. Ever since then, every president has been all borrow-and-spend, whether they claim to be left-wing or right-wing, except during the last few years of Clinton's time when there was a PC boom and the US economy was going like gangbusters. The US is beyond broke and beyond bankrupt. We have no way out save for hyperinflation and a severe depression--not even massive tax hikes combined with huge spending cuts can get us out of this mess now. Ads |
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Messages In This Thread |
Where have right wing economies been prosperous and for how long? - Jasmin finnigan - 11-19-2012, 02:03 AM
[] - OwlBear - 11-19-2012 02:12 AM
[] - VoteVoteVote - 11-19-2012, 02:12 AM
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