Comments on: Dean Baker skewers “The Great Deficit Scare” http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/ Affecting NC public policy through informed, energetic and progressive conversations. Sat, 11 Feb 2012 03:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: William Murrat http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-61454 William Murrat Fri, 19 Feb 2010 12:34:10 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-61454 This guy is another "economic nut" who somehow believes that the stimulus money will have any effect on the economy. Once it's spent, we'll be right back where we were and deeper in debt. Preposterous ! This guy is another “economic nut” who somehow believes that the stimulus money will have any effect on the economy. Once it’s spent, we’ll be right back where we were and deeper in debt. Preposterous !

]]> By: Jeff http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-61070 Jeff Wed, 17 Feb 2010 22:58:58 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-61070 HunterC, Barter is good... Gold, even better. Any competition with our dollar as it stands right now is better than what's just around the bend. HunterC,
Barter is good… Gold, even better. Any competition with our dollar as it stands right now is better than what’s just around the bend.

]]> By: HunterC http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60732 HunterC Tue, 16 Feb 2010 23:55:47 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60732 Do I smell a goldbug? Let me know how that works out for ya. When we're trading in Brazil's currency, I'll happily admit my error. Just not seeing an alternative anywhere -- even commodities. I'll cheer the day we set up a viable barter system. Again, not seeing it soon. Do I smell a goldbug?

Let me know how that works out for ya.

When we’re trading in Brazil’s currency, I’ll happily admit my error.

Just not seeing an alternative anywhere — even commodities.

I’ll cheer the day we set up a viable barter system. Again, not seeing it soon.

]]> By: Jeff http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60677 Jeff Tue, 16 Feb 2010 20:19:13 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60677 HunterC, The dollar is in trouble because there is a major counterfeit ring running loose out there.... it's called the Federal Reserve. HunterC,

The dollar is in trouble because there is a major counterfeit ring running loose out there…. it’s called the Federal Reserve.

]]> By: HunterC http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60660 HunterC Tue, 16 Feb 2010 19:11:06 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60660 What's the dollar in trouble from these days? The euro? I think not. See: Greece, Spain. The yuan? They hold so much US debt it make it too painful for them to depeg from the dollar. And if they do, so what? The debt deflates. The yen? Ha! Whatcha got? What’s the dollar in trouble from these days?

The euro? I think not. See: Greece, Spain.

The yuan? They hold so much US debt it make it too painful for them to depeg from the dollar. And if they do, so what? The debt deflates.

The yen? Ha!

Whatcha got?

]]> By: DCooper http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60647 DCooper Tue, 16 Feb 2010 18:16:50 +0000 http://pulse.ncpolicywatch.org/2010/02/16/dean-baker-skewers-%e2%80%9cthe-great-deficit-scare%e2%80%9d/#comment-60647 "...The budget deficit does not pose an economic problem at present. If the budget deficit were smaller, we would simply be seeing higher unemployment. There would be no short-term or long-term benefit from reducing the current deficit... This does not take into account how the deficit will swell. It does not take into account the actions of other nations, and the decline of the dollar, and its preferential use as the common currency internationally. If there is no short or long term benefits from deficit reduction, then why bother at all? The real bottom line is this: America is collapsing, thanks to this budget that does not matter. Crunch the numbers and rewrite an article that states realistically the position we are in at this time. We are beyond repair - get ready for hyperinflation or collapse. Those are realistically, our inevitable options. “…The budget deficit does not pose an economic problem at present. If the budget deficit were smaller, we would simply be seeing higher unemployment. There would be no short-term or long-term benefit from reducing the current deficit…

This does not take into account how the deficit will swell. It does not take into account the actions of other nations, and the decline of the dollar, and its preferential use as the common currency internationally.

If there is no short or long term benefits from deficit reduction, then why bother at all?

The real bottom line is this: America is collapsing, thanks to this budget that does not matter. Crunch the numbers and rewrite an article that states realistically the position we are in at this time. We are beyond repair – get ready for hyperinflation or collapse. Those are realistically, our inevitable options.

]]>