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Do you agree?

"Most economists believe that cutting spending will reduce growth, not boost it, and that additional government spending is needed in the short term to create demand."


This quote is from a "journalist" at Yahoo news.
Yahoo always pushing Obama.

 
Anonymous

Asked by Anonymous at 2:05 PM on Jul. 8, 2011 in Politics & Current Events

This question is closed.
Answers (18)
  • No...just Keynesian economists think that.

    Most economists are actually opossed to such government interventions to the free market, and beleive that just creats a never-ending cycle of bubbles and bursts.
    Dkhilly

    Answer by Dkhilly at 2:18 PM on Jul. 8, 2011

  • if the government would do as most of us has done and buckle that belt a little tighter, they too would learn to run on less and less, just like most of our households are having to do... Government needs to go hungry a day or two to figure out REAL life.
    2teens2LOs

    Answer by 2teens2LOs at 2:09 PM on Jul. 8, 2011

  • Disagree, increasing speding.. that money has to go somewhere and the more money in circulation the lower the value of a dollar.. is my understanding..
    MommaB30

    Answer by MommaB30 at 2:10 PM on Jul. 8, 2011

  • I'd like to see the names and credentials of these so-called economists.
    -Eilish-

    Answer by -Eilish- at 2:12 PM on Jul. 8, 2011

  • "Most economists" (in this room of 5 Keynsians we found in Vegas). It's all in the editing.
    NotPanicking

    Answer by NotPanicking at 2:21 PM on Jul. 8, 2011

  • You know that phrase "you've gotta spend money to make money"? It's kind of like that. The problem isn't spending, it's stupid spending.

    We essentially "eat out" everyday. Eating at a resturant that is a little cheaper isn't going to solve the problem, what we really need to do is got to the grocery store instead.
    UpSheRises

    Answer by UpSheRises at 4:01 PM on Jul. 8, 2011

  • But, this also describes trickle down. The theory is that by providing tax breaks and incentives to the top (big business) that money will enter the system, and trickle to the lowlies exponentially. Just because the funds are in the form of tax breaks,m does not make it any different then adding funds to the economy.

    So, both sides actually think this is true. They just disagree about where to put the extra funds.

    The repubs want it in big business, the dems, in the hands of the people who are struggling.

    ImaginationMama

    Answer by ImaginationMama at 2:14 PM on Jul. 8, 2011

  • "Most economists believe that cutting spending will reduce growth, not boost it, and that additional government spending is needed in the short term to create demand."

    Provide economists that agree or disagree...

    sweet-a-kins

    Answer by sweet-a-kins at 2:19 PM on Jul. 8, 2011

  • depends on what their spending money on. If it's to open or create more jobs then yes it may help in the long run . If it's BS health care acts then no were screwed
    hot-mama86

    Answer by hot-mama86 at 2:39 PM on Jul. 8, 2011

  • Just want to point out that the majority of articles on Yahoo are not actually made by Yahoo but sources like the Associated Press.
    miss_lisa

    Answer by miss_lisa at 3:13 PM on Jul. 8, 2011

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