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So we hit the debt limit...

Started by MadImmortalMan, May 17, 2011, 01:18:23 PM

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DGuller

Quote from: Berkut on August 01, 2011, 03:15:05 PM
As long as the increased spending does not represent an increase in federal share of GDP, then it isn't actually an increase at all. Apparently.

And when it is an increase, say a 40% increase since the previous low ratio, and the highest peacetime rate ever, then we should ignore that as well, since it is probably just a fluke anyway.
Still continuing the repeat the same line, even after I addressed it time after time?

The original statement that I responded to, and that you repeatedly try to sweep under the carpet and pretend you said something else, is that size of government has been increasing over the last several decades.  How else are you going to define size of government, if not by the share of GDP that it consumes?

Alternatively, what you can say that you meant to say that in the last three years, the size of government shot up, after staying relatively constant over the last several decades.  Or you can choose the most honest of routes, and just admit that your impression of the size of government over the last several decades turned out to not be borne out by facts.

Berkut

Quote from: DGuller on August 01, 2011, 03:30:42 PM
Quote from: Berkut on August 01, 2011, 03:15:05 PM
As long as the increased spending does not represent an increase in federal share of GDP, then it isn't actually an increase at all. Apparently.

And when it is an increase, say a 40% increase since the previous low ratio, and the highest peacetime rate ever, then we should ignore that as well, since it is probably just a fluke anyway.
Still continuing the repeat the same line, even after I addressed it time after time?

As long as you continue to pretend that a 40% increase in spending as a percentage of GDP and the largest government in US history doesn't give the tea baggers a valid beef not motivated by being liars and scoundrels, why would I stop?

Whether your graph shows that government over time is sometimes larger as a percentage of GDP and sometimes smaller is not material to the point that RIGHT NOW it is larger than it has ever been, and has grown by over 40% since its previous low.

Whether or not that low was lower at some other time is immaterial. But you know that, which is why you keep harping on about the laffer curve and what liars people who do not agree with you are...
"If you think this has a happy ending, then you haven't been paying attention."

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Berkut

Quote from: dps on August 01, 2011, 03:12:51 PM
Quote from: derspiess on August 01, 2011, 12:28:27 PM
Quote from: DGuller on August 01, 2011, 12:15:50 PM
As it should be.  The baseline should not be the current level of spending, it should be expected future level of spending given the reasonable assumptions.

I might agree if the baseline were tied to, say, inflation.  But as it is, it's extremely misleading to the public and helps enable and conceal politicians' (on both sides of the aisle) spending addicition.

Yeah, when an increase in spending is presented as a cut, that's just doublespeak.


Those who say that increasing spending is in fact increasing spending are all liars. Turns out that only increasing spending by a LOT counts as increasing spending, and even then sometimes that is not actually increasing spending.
"If you think this has a happy ending, then you haven't been paying attention."

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derspiess

I'm late in posting this because I lost the email that contained the link, but here's a "Feminist Economist" take on running budget deficits.  Who knew that our debt gets paid by a few clicks on a keyboard-- just like the one I'm typing on right now!

http://msmagazine.com/blog/blog/2011/07/14/a-woman-economist-speaks-out-deficits-are-a-grrrls-best-friend/
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

Admiral Yi

Quote from: DGuller on August 01, 2011, 08:20:10 AM
It seems like the default is averted.  Yi, how do you want your $5 to be sent?

I propose the same terms offered Josephus (?) earlier on a bet: hold on to that 5, and the other three fives you owe me, until the balance reaches 50.

Admiral Yi

Quote from: DontSayBanana on August 01, 2011, 03:14:59 PM
I love the combined rhetoric of forcing a balanced budget amendment along with the "no tax hikes" party line.  Are these guys completely unaware that taxes are going to have to be raised to balance the budget?

You're stating a preference (one that I happen to support) as if it were some law of mathematics.

DGuller

Quote from: Berkut on August 01, 2011, 04:01:29 PM
As long as you continue to pretend that a 40% increase in spending as a percentage of GDP and the largest government in US history doesn't give the tea baggers a valid beef not motivated by being liars and scoundrels, why would I stop?
When have I pretended that?  You're attributing to me something I didn't say.  I never denied that the last three years saw a big spending spike, the issue was with claims over how big the government was over the last few decades.
Quote
Whether your graph shows that government over time is sometimes larger as a percentage of GDP and sometimes smaller is not material to the point that RIGHT NOW it is larger than it has ever been, and has grown by over 40% since its previous low.
Of course it's not material to this point; however, it's material to the point that it was originally addressing, and the point you keep pretending you never made.
Quote
Whether or not that low was lower at some other time is immaterial. But you know that, which is why you keep harping on about the laffer curve and what liars people who do not agree with you are...
I'm harping on those people because they're being disingenous, and the Laffer Curve lie is actually related to the lie about constant growth of government over the last few decades, and not just in the bogus analysis tricks employed. 

When conservatives say that government has been growing over the last few decades, and that they were partially guilty of this as well, they're not being as contrite as it sounds.  What they're actually doing is deflecting attention from the fact that lots of tax cuts were enacted in the last few decades, and deficits exploded in the last few decades.  Flogging themselves for "spending too much" serves a dual disingenous purpose:  pretending that it wasn't tax cuts that increased deficits, and building a case that stuff like Social Security and Medicare should be cut. 

When you repeated their mantra that government has been growing in size over the last several decades, you just regurgitated a conservative propaganda point that created to misdirect.  I don't think you intended to mislead with it; you probably at some point just uncritically took that talking point as a factual given.  Now that I pointed out your error and you dug your feet in, you can't concede that you mistook conservative talking point for a fact, so you keep trying to change the issue from what happened over the last few decades, to what happened in the last three years.

DGuller

Quote from: Admiral Yi on August 01, 2011, 04:18:44 PM
Quote from: DGuller on August 01, 2011, 08:20:10 AM
It seems like the default is averted.  Yi, how do you want your $5 to be sent?

I propose the same terms offered Josephus (?) earlier on a bet: hold on to that 5, and the other three fives you owe me, until the balance reaches 50.
Nothing slips past you.  :blush:

DontSayBanana

Quote from: Admiral Yi on August 01, 2011, 04:26:10 PM
You're stating a preference (one that I happen to support) as if it were some law of mathematics.

Fair enough, but my suspicion is that balancing the budget without a tax increase is a mathematical impossibility.
Experience bij!

Admiral Yi

Quote from: DGuller on August 01, 2011, 04:38:29 PM
Nothing slips past you.  :blush:

I studied your people very carefully for two years during grad school.

Admiral Yi

Quote from: DontSayBanana on August 01, 2011, 04:40:27 PM
Fair enough, but my suspicion is that balancing the budget without a tax increase is a mathematical impossibility.

:huh:

LaCroix

i dunno, berkut. i get what you're saying about the whole tribal/group mindset, but i don't think it can apply to condemnations of the tea party. when you get right down to it, at its core, there are a lot of stupid people involved with that movement who have no idea what they're talking about. that they might be accidentally right on some level is no surprise, what with stopped watches and all, but that doesn't mean they're any less ignorant of the world around them

Martinus

#987
Quote from: Berkut on August 01, 2011, 04:01:29 PM
As long as you continue to pretend that a 40% increase in spending as a percentage of GDP and the largest government in US history doesn't give the tea baggers a valid beef not motivated by being liars and scoundrels, why would I stop?

Could you stop using idiotic phrases like "big government", "largest government" etc. in the context of public spending? Waging two wars (probably the most basic function of even the "smallest" of governments) does not make your government "big"  - at the same time, internal overregulation (the sign of a "big" government) probably is not that costly.

Razgovory

#988
I wouldn't bother with him, DG.  He's going into full defensive mode and can't be reasoned with at this point.  Good indicator is when he goees on about Purple Dragxis, calling people liars and insisting that he's some kind of paragon of neutrality and he's just looking at things reasonably and rationally.  I've heard that, before.



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I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Neil

Quote from: DontSayBanana on August 01, 2011, 04:40:27 PM
Quote from: Admiral Yi on August 01, 2011, 04:26:10 PM
You're stating a preference (one that I happen to support) as if it were some law of mathematics.
Fair enough, but my suspicion is that balancing the budget without a tax increase is a mathematical impossibility.
I know that you're wrong.  It's a political impossibility, but if I were to reduce social security to zero, then that would do it.
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.