BASIC ECONOMICS FOR THE RETARDS - About deficits

ib1yysguy

ib1yysguy

Junior Member
It's the most basic fucking economics ever.

Economics lesson for the retards:

GDP = c+i+g

C=consumption (which is down)
i=investment in the private sector (which is down)
g=government spending (the only factor left)

So, retards, if you have the gross domestic product dependent on the three factors, two of which are down, and the one remaining one is government spending (the only one you have control over as the government), then what do you do as the government to raise the GDP?

YOU SPEND you retards. You idiots have been saying we need to balance the budget and cut spending. WHAT THE FUCK DOES THAT DO THE EQUATION YOU MORONS.

It's the most basic economics ever, and it's agreed upon by people on the right and the left.

[ame]http://en.wikipedia.org/wiki/Gross_domestic_product[/ame]


So quick fucking complaining about the deficits. The spending is necessitated by the mess you idiots left. Consider yourself served.
 
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The markets are bad. So people are all trying to save. The problem is, to save, someone has to invest those savings. And no one wants to invest them. That depresses the economy, and in the end, reduces the total savings rate. It's called the paradox of thrift. Keynesianism didn't fail, the Phillips curve failed, and I wish people would realize the difference.
 
Friedman thought that Keynes was wrong, and that monetary policy was enough to prevent a recession in times like these. This recession proved that he was wrong. Rates are at 0% and the economy is still tanking.

Austrians would still disagree, but since they aren't a real school of economics I won't go into depth about why they're wrong.
 
ib1yysguy said:
It's the most basic fucking economics ever.

Economics lesson for the retards:

GDP = c+i+g

C=consumption (which is down)
i=investment in the private sector (which is down)
g=government spending (the only factor left)

So, retards, if you have the gross domestic product dependent on the three factors, two of which are down, and the one remaining one is government spending (the only one you have control over as the government), then what do you do as the government to raise the GDP?

YOU SPEND you retards. You idiots have been saying we need to balance the budget and cut spending. WHAT THE FUCK DOES THAT DO THE EQUATION YOU MORONS.

It's the most basic economics ever, and it's agreed upon by people on the right and the left.

http://en.wikipedia.org/wiki/Gross_domestic_product


So quick fucking complaining about the deficits. The spending is necessitated by the mess you idiots left. Consider yourself served.
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Government spending is not the only factor left, it'ss just the factor they like to use because it's easy, they can control it to gain power, and they don't WANT to fix the other problems.

They are debasing our currency and putting us in debt to foreign powers to turn us into slaves.

Reject Globalization Now.

http://www.prisonplanet.com
 
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Watermark said:
The markets are bad. So people are all trying to save. The problem is, to save, someone has to invest those savings. And no one wants to invest them. That depresses the economy, and in the end, reduces the total savings rate. It's called the paradox of thrift. Keynesianism didn't fail, the Phillips curve failed, and I wish people would realize the difference.
Click to expand...

Bottom line, people should lose faith in this system, it's a statist control system, not even designed to raise all boats.
 
ib1yysguy said:
It's the most basic fucking economics ever.

Economics lesson for the retards:

GDP = c+i+g

C=consumption (which is down)
i=investment in the private sector (which is down)
g=government spending (the only factor left)

So, retards, if you have the gross domestic product dependent on the three factors, two of which are down, and the one remaining one is government spending (the only one you have control over as the government), then what do you do as the government to raise the GDP?

YOU SPEND you retards. You idiots have been saying we need to balance the budget and cut spending. WHAT THE FUCK DOES THAT DO THE EQUATION YOU MORONS.

It's the most basic economics ever, and it's agreed upon by people on the right and the left.

http://en.wikipedia.org/wiki/Gross_domestic_product


So quick fucking complaining about the deficits. The spending is necessitated by the mess you idiots left. Consider yourself served.
Click to expand...

says the douchbag without a job, at least a real one
how bout this equation p-t=WTF
paycheck - taxes = wtf am I left with

that will be a decade worth of paying back with nothing recieved.
Why the fuck does GDP have to always go up, basic economic tool. There's this thing called the business cycle.
 
ib1yysguy said:
It's the most basic fucking economics ever.

Economics lesson for the retards:

GDP = c+i+g

C=consumption (which is down)
i=investment in the private sector (which is down)
g=government spending (the only factor left)

So, retards, if you have the gross domestic product dependent on the three factors, two of which are down, and the one remaining one is government spending (the only one you have control over as the government), then what do you do as the government to raise the GDP?

YOU SPEND you retards. You idiots have been saying we need to balance the budget and cut spending. WHAT THE FUCK DOES THAT DO THE EQUATION YOU MORONS.

It's the most basic economics ever, and it's agreed upon by people on the right and the left.

http://en.wikipedia.org/wiki/Gross_domestic_product


So quick fucking complaining about the deficits. The spending is necessitated by the mess you idiots left. Consider yourself served.
Click to expand...

Oh, goodie, goodie, we can always count on you to give us the real scoop, because the budget deficit is expected to rise to 1.8 trillion or more by the end of the year. I'm sure China won't mind.
 
ib1yysguy said:
It's the most basic fucking economics ever.

Economics lesson for the retards:

GDP = c+i+g

C=consumption (which is down)
i=investment in the private sector (which is down)
g=government spending (the only factor left)

So, retards, if you have the gross domestic product dependent on the three factors, two of which are down, and the one remaining one is government spending (the only one you have control over as the government), then what do you do as the government to raise the GDP?

YOU SPEND you retards. You idiots have been saying we need to balance the budget and cut spending. WHAT THE FUCK DOES THAT DO THE EQUATION YOU MORONS.

It's the most basic economics ever, and it's agreed upon by people on the right and the left.

http://en.wikipedia.org/wiki/Gross_domestic_product


So quick fucking complaining about the deficits. The spending is necessitated by the mess you idiots left. Consider yourself served.
Click to expand...

Simple economics made simple by our own simple minded professor, for the simple-minded.....utterly laughable in its "simplicity".....and here we are...over 1 trillion simple dollars in debt for a single year.....how simple it is to bankrupt a nation in under one year....
 
Consumer spending is down becuase many consumers overspent themselves into bankruptcy. Our economy has been based on debt (consumer, coproprat and govt) for many years. time to pay the bills.
 
AssHatZombie said:
So you do or dont agree with massive spending to "pay" bills?
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Dempends on your definition of spending.

Borrowing money to pay bills is stupid in the long run, but what we have been doing for a long time.
I think the finiancial industry bailour was stupid. We should have let those too stupid to survive die. Instead be did more of the same and still have the same bunch running the finiancial empiers that brought it down.

On the lower consumer spending, there are not as much wages coming in to spend and people are finally more cautious and are actually paying off debts instead of borrowing more to spend. Or are saving in case things get worse on their personal level.
This is a good thing in the long run for the USA.
 
uscitizen said:
Dempends on your definition of spending.

Borrowing money to pay bills is stupid in the long run, but what we have been doing for a long time.
I think the finiancial industry bailour was stupid. We should have let those too stupid to survive die. Instead be did more of the same and still have the same bunch running the finiancial empiers that brought it down.

On the lower consumer spending, there are not as much wages coming in to spend and people are finally more cautious and are actually paying off debts instead of borrowing more to spend. Or are saving in case things get worse on their personal level.
This is a good thing in the long run for the USA.
Click to expand...

GDP = C + I + G + (X − M)

how about fixing the X-M instead of deficit spending....and last i checked, no where in GDP is deficit spending....
 
The world economy and a consumer based economy is different than what people are taught in economics. The rules need to be adjusted to meet the current economic conditions.

that being said defecit spending does impact GDP. What about all the military hardware that the US govt has purchased with defecit spending? Does not private industry porducing that hardware boost the GDP?
Defecit spending on health care also boosts the GDP.
Defecit spending on farm subsidies boosts the GDP.

Think about it a bit dude.
 
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uscitizen said:
The world economy and a consumer based economy is different than what people are taught in economics. The rules need to be adjusted to meet the current economic conditions.

that being said defecit spending does impact GDP. What about all the military hardware that the US govt has purchased with defecit spending? Does not private industry porducing that hardware boost the GDP?
Defecit spending on health care also boosts the GDP.
Defecit spending on farm subsidies boosts the GDP.

Think about it a bit dude.
Click to expand...

lol

I think the point is in realistic GDP calculations based on any deficit contribution. On paper does 400 billion in deficit spending increase the GDP? yes it does. In reality does borrowing money increase a persons worth? no.. the worth should be the assets minus the liabilities. Meaning... is a person worth 10 million dollars if they have 100,000 in assets and 9.9 million in loans?

You are correct to suggest that deficit spending can have an increase on the GDP... however, is it a real tangible increase or just a mirage?.. i think we both know in reality its not a real tangible increase... right?

SR
 
SR_ said:
lol

I think the point is in realistic GDP calculations based on any deficit contribution. On paper does 400 billion in deficit spending increase the GDP? yes it does. In reality does borrowing money increase a persons worth? no.. the worth should be the assets minus the liabilities. Meaning... is a person worth 10 million dollars if they have 100,000 in assets and 9.9 million in loans?

You are correct to suggest that deficit spending can have an increase on the GDP... however, is it a real tangible increase or just a mirage?.. i think we both know in reality its not a real tangible increase... right?

SR
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Are you speaking of the way the govt calculates the official GDP number or another way of lookiing at it?

Also all of our spending is not defecit spending, we have sizeable revenues coming in. Did you figure for that?

Another factor to consider around 30% of workers depend on govt spending for their jobs. Either directly or indirectly. That 30% figure was before the recession and job losses so the % could likely be higher now.
 
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uscitizen said:
Are you speaking of the way the govt calculates the official GDP number or another way of lookiing at it?

Also all of our spending is not defecit spending, we have sizeable revenues coming in. Did you figure for that?

Another factor to consider around 30% of workers depend on govt spending for their jobs. Either directly or indirectly. That 30% figure was before the recession and job losses so the % could likely be higher now.
Click to expand...

no, im not speaking of the way the govt calculates the GDP number. That is just a data driven aspect. Im speaking of the realistic way of looking at it.

I realize that not all our spending is deficit spending, i didnt say that it was.

There is no factor to consider based on who depends on what in relation to deficit spending and its effects on the GDP. If you have 10 dollars and you spend 20, it doesnt matter what you spent the other 10 on, its deficit spending.

SR
 
Perhaps we should identify in a bill whether it is to be paid for out of defecit or non defecit funds?
On a personal level responsible people do it.
Buy a home and car on defecit spending and pay for the rest out of non defecit funds.
 
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