"liberals have always believed in Keynesian countercyclical deficit spending."
" But that was borrowing to brake against a downturn when certain conditions prevail:
" when the economy is shrinking"
not stagnating dave ?
keynes point was recovery in particular prompt fast recovery
is hardly asured
"when debt levels are low"
debt load can veto public works as a recovery tool?
where'd that come from ?
some contrived quote of keynes from the late 30's ?
"when there are plenty of shovel-ready projects waiting to be enacted;"
so if there aren't plenty ...but there always are
and where did shovel ready get into the mix ?
if we are in a snail growth stag
we'll need stimulation for years more
as forecasts project
"when there is a large and growing gap between the economy’s current output
and what it is capable of producing."
not just large ..growing
so once the gap stops growing....
what if its not closing fast enough ?
to that
we get the line hung out as long ago as the summer of 09
"the economy is about to take off..."
could get all that skiffling
really be a product of ignorance ?
slimey dork
must have been teased as a teen
with his begging bear pair of eyes
the roast of lamb head and mamma's boy mouth and all
reminds me of boston's own
mayor menino
----------------------
"Today, House progressives are calling for a huge increase in government taxing
and spending "
notice he can't resist widening the target
now its taxing as well as borrowing
"when none of those conditions apply."
none not one
see he wrote that sentence first
then carved his above list out of dried horse shit
reverse engineering
" Today, progressives are calling on government to be the growth engine in all circumstances"
in all circumstances
see there's when you could apply keynesian stuff
and then there's only
all the rest of the time
--------------------------------------------
it's all comparative dynamics as jimmy tobin said in exasperation
with those that tried to pin a "stag equilibirum " rap on keynes
just because he hadn't fully freed himself
from that great con of "neo classical scafolding "
the equilibirum condition
