The uber lefties on the board are appalled we attacked those poor hapless Germans who were just minding their own business.
The conservatives at the time thought the POTUS in 1944 was the left wing appocolypse.
For the record, lots of economists agree and that the New Deal was horrible policy. Video is a bit dry, but decent, and she's hot. So maybe even @Swaye will watch it on mute.
Of course, all the poly sci/social science majors will tell you that the New Deal was a huge success bc reasons...
FDR's death probably saved us all a lot of socialist bullshit.
WWII ended the Depression. Not the New Deal. We can all agree upon this.
That said, even if it was not necessarily the best economic approach, it was still a political necessity. And long term, there's still a lot of long term benefit from legislation like SS, FDIC.
And for Christ's sake, we can not forget the god damned damns. W/o Grand Coulee, Bonneville, and TVA, WWII takes a lot longer to win- i.e., no cheap and readily available electricity for aluminum and uranium/plutonium enrichment.
I have had a lot of arguments with people who don't agree with that. We are still having that argument - Obama and Bush's stimulus versus RR or Trumps tax cuts and deregulation
Well, those guys are wrong. BUT we can never really know for sure, because it happened and then we had nearly 3 decades of growth thereafter, a lot of which was caused by factors that we would be hard pressed to replicate these days. I still believe to this day, that Reagan's tax cuts were sound economic policy for that moment in history. People forget that in 1981 the personal savings rate was like 10% in the country so we borrowed most of that money by ourselves. But deficits did grow under his watch which in my view set the bad precedent that they don't matter. We should have done better in the early 2000s.
The uber lefties on the board are appalled we attacked those poor hapless Germans who were just minding their own business.
The conservatives at the time thought the POTUS in 1944 was the left wing appocolypse.
For the record, lots of economists agree and that the New Deal was horrible policy. Video is a bit dry, but decent, and she's hot. So maybe even @Swaye will watch it on mute.
Of course, all the poly sci/social science majors will tell you that the New Deal was a huge success bc reasons...
FDR's death probably saved us all a lot of socialist bullshit.
WWII ended the Depression. Not the New Deal. We can all agree upon this.
That said, even if it was not necessarily the best economic approach, it was still a political necessity. And long term, there's still a lot of long term benefit from legislation like SS, FDIC.
And for Christ's sake, we can not forget the god damned damns. W/o Grand Coulee, Bonneville, and TVA, WWII takes a lot longer to win- i.e., no cheap and readily available electricity for aluminum and uranium/plutonium enrichment.
The dams are the biggest poont in FDR's favor IMO. Not only did they greatly aid the war effort, they've paid for themselves many tims over in (mostly) clean energy since then.
The environmental impact upon construction was obviously huge, but hydro power is nails after that.
Managing WW2 is probably his biggest poont but that's not eco-nomics.
The uber lefties on the board are appalled we attacked those poor hapless Germans who were just minding their own business.
The conservatives at the time thought the POTUS in 1944 was the left wing appocolypse.
For the record, lots of economists agree and that the New Deal was horrible policy. Video is a bit dry, but decent, and she's hot. So maybe even @Swaye will watch it on mute.
Of course, all the poly sci/social science majors will tell you that the New Deal was a huge success bc reasons...
FDR's death probably saved us all a lot of socialist bullshit.
WWII ended the Depression. Not the New Deal. We can all agree upon this.
That said, even if it was not necessarily the best economic approach, it was still a political necessity. And long term, there's still a lot of long term benefit from legislation like SS, FDIC.
And for Christ's sake, we can not forget the god damned damns. W/o Grand Coulee, Bonneville, and TVA, WWII takes a lot longer to win- i.e., no cheap and readily available electricity for aluminum and uranium/plutonium enrichment.
The dams are the biggest poont in FDR's favor IMO. Not only did they greatly aid the war effort, they've paid for themselves many tims over in (mostly) clean energy since then.
The environmental impact upon construction was obviously huge, but hydro power is nails after that.
Managing WW2 is probably his biggest poont but that's not eco-nomics.
Yeah I was talking about his economic policy. I'm not WWII scholar enough to make huge assertions about FDR's handling of the war effort but as far as I can tell it was mostly positive, fencing in all the Japs aside.
This is shit that even at a hugely Liberal school like UW is commonly accepted in the economics department.
Look, I love Friedman as much as any So Cal, Brooks Brothers, Young Republican. And I don't disagree with his critiques of the flaws in how SS was designed. My point is more along the lines that in a country such as ours, it's good public policy to ensure that old people have some base level of income when they can't work anymore. And there's not really a way to accomplish this goal other than some form of "mandatory" savings through taxation (even if current retirees are paid by taxation of current workers). Americans by their nature abhor the concept of wealth transfers, so really the only way sell SS to the voters was the idea that we all pay in and we all get something out upon retirement age, regardless of our financial situation at that time. A "needs based" plan would never have been feasible politically speaking.
I'm actually alright with transfer payments assuming the government doesn't take an 81% cut while funneling another 18% into other side projects. I'd rather see direct basic income than our labyrinthine system of government bureaucracies that "help" people.
SS could have been funded differently as it was originally promised to be and the transfers could incur a very minimal overhead instead of the huge $6,457,000,000 they cost in 2017. I'm more concerned with what is effective and efficient than what is "morally right" etc. It's just very rare that government is very efficient at anything.
This is shit that even at a hugely Liberal school like UW is commonly accepted in the economics department.
Look, I love Friedman as much as any So Cal, Brooks Brothers, Young Republican. And I don't disagree with his critiques of the flaws in how SS was designed. My point is more along the lines that in a country such as ours, it's good public policy to ensure that old people have some base level of income when they can't work anymore. And there's not really a way to accomplish this goal other than some form of "mandatory" savings through taxation (even if current retirees are paid by taxation of current workers). Americans by their nature abhor the concept of wealth transfers, so really the only way sell SS to the voters was the idea that we all pay in and we all get something out upon retirement age, regardless of our financial situation at that time. A "needs based" plan would never have been feasible politically speaking.
I'm actually alright with transfer payments assuming the government doesn't take an 81% cut while funneling another 18% into other side projects. I'd rather see direct basic income than our labyrinthine system of government bureaucracies that "help" people.
SS could have been funded differently as it was originally promised to be and the transfers could incur a very minimal overhead instead of the huge $6,457,000,000 they cost in 2017. I'm more concerned with what is effective and efficient than what is "morally right" etc. It's just very rare that government is very efficient at anything.
Agree BUT in a democracy such as ours the "best" plan usually won't win. Politics is the art of the possible, not what would make the most sense.
In theory I like Universal Basic Income, but we're still just in the theory stage and the devil's in the details.
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state
You don't understand how pensions work. But nice talking point.
LOL how do pensions work?
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
And - some public works are more awesome than others
Obama's stimulus was supposed to go to jobs. I know for a fact that Washington state canceled construction projects and used the cash for pensions and unions
Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state
You don't understand how pensions work. But nice talking point.
LOL how do pensions work?
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.
Not entirely true. Pension assets are a thing.
Read a few 10-Ks. It's a prominent disclosure item theses days.
interesting you actually sort of understand something. businesses do have to fund them ahead of time. as well as the poast office for some reason. its only government entities that get to pretend these behemoth liabilities dont exist. Why do you think governmental ponzi schemes are just an irrelevant talking point?
Comments
SS could have been funded differently as it was originally promised to be and the transfers could incur a very minimal overhead instead of the huge $6,457,000,000 they cost in 2017. I'm more concerned with what is effective and efficient than what is "morally right" etc. It's just very rare that government is very efficient at anything.
In theory I like Universal Basic Income, but we're still just in the theory stage and the devil's in the details.
It's the truth because I was there
Nice meltdown
It's a fact. I was there
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
Read a few 10-Ks. It's a prominent disclosure item theses days.