[QUOTE=DogGunn;28141921]But the economic growth from the increase in capital created for the war effort does.
There hasn't been a war as significant as Vietnam.[/QUOTE]
World War II. Vietnam actually cost us like these two wars are doing now.
[QUOTE=DogGunn;28141921]But the economic growth from the increase in capital created for the war effort does.[/QUOTE]
You would think that, but the wealth from economic output didn't meet the increase in spending during WWI or WWII.
[QUOTE=DogGunn;28141921]There hasn't been a war as significant as Vietnam.[/QUOTE]
I don't think the debt decreased significantly, or at all, during Vietnam either.
Besides, realistically, the U.S. is only going to be fighting wars like Iraq for awhile.
[editline]19th February 2011[/editline]
[QUOTE=Swilly;28141976]World War II. Vietnam actually cost us like these two wars are doing now.[/QUOTE]
Well, I guess that answers my question.
[QUOTE=Billiam;28142033]You would think that, but the wealth from economic output didn't meet the increase in spending during WWI or WWII.[/QUOTE]
I'm referring to capital from the business standpoint, as in machinery, and other objects used to create goods. Even if the output generated during wartime doesn't meet spending straight off the bat, that capital can be used afterwards to generate growth during peacetime.
But a fair point - Vietnam was really just stab in the dark.
[QUOTE=DogGunn;28142264]I'm referring to capital from the business standpoint, as in machinery, and other objects used to create goods. Even if the output generated during wartime doesn't meet spending straight off the bat, that capital can be used afterwards to generate growth during peacetime.[/QUOTE]
I still doubt that that put a dent in total U.S. debt.
If you look at timelines of U.S., debt never falls to pre-depression levels.
And the ensuing decline in debt isn't solely due to wartime capital, a lot of it is due to the fact that every major power in the world was too wounded to take the role of the world economic powerhouse.
Edit:
D'aw, thanks. :h:
Move to Australia.
[QUOTE=-n3o-;28141583]America needs another World War to get out of Debt.[/QUOTE]
Guess what, military spending creates pure inflation. We have other ways of creating inflation, we don't need to kill little brown people to do it.
This always reminds me of that one five for fighting song:
"Money, funny, pedestals, for fools who never pay"
So true.
[QUOTE=DogGunn;28139789]What's the alternative to stimulate a receding, deflationary economy with rising unemployment?[/QUOTE]
why it's to stop spending government money on free condoms and teacher's salaries of course
Fucking A.
[QUOTE=Melnek;28135461]Well no not really cause the Soviet Union collapsed because there was a dictatorship and massive oppressions and unjustified killing for over 80 years, not to mention everyone but a few central asian countries said that this whole union thing isn't working out economically wise so they all just kind of chill-fully said fuck it and so the whole thing just faded away.
But debt was hardly a factor in its collapse.[/QUOTE]
Funnily enought, somesort of dictatorship and unjustified killing has happened with America too. The reason why Soviet Union collapsed I recall was spending so much on weapons programs that when shit got fucked they didn't have the money to fix it (and they couldn't lower the budgets, don't remember what was the reason). Add the snowball where some government offical reveals the truth about Stalin and his killings, and then one after another they reveal truth after truth and everyone goes nuts.
I think something like that is going to happen with America too if this goes on for long enought
What? No man, we totally sent that $14,000,000,000,000 in the mail last week! Aw, the mail dudes must have lost it or something! Just gives another week, you know we're good for it!
Too many pages to check all, but someone should post the pie chart showing how much they spend, and what on. E.g. Social Security is like 75% and then Health Services is like 2%
Something similarly ridiculous at least?
[QUOTE=FFStudios;28113520]USA actually had no debt during the Clinton administration.
also what happens if we just keep spending money we don't have shit is going to go down i better move to germany[/QUOTE]
I believe he meant to say it was the only point in time where we didn't go farther into debt, I think we stayed above coming out even (for that year, not overall debt) by a little bit. Basically he didn't add to it he just paid a little back. Then that got wrecked instantly in the years to come.
[QUOTE=Raiskauskone V2;28144055]Funnily enought, somesort of dictatorship and unjustified killing has happened with America too. The reason why Soviet Union collapsed I recall was spending so much on weapons programs that when shit got fucked they didn't have the money to fix it (and they couldn't lower the budgets, don't remember what was the reason). Add the snowball where some government offical reveals the truth about Stalin and his killings, and then one after another they reveal truth after truth and everyone goes nuts.
I think something like that is going to happen with America too if this goes on for long enought[/QUOTE]
It also collapsed because of Glasnost and Perestroika. When Gorbachev let them have an ounce of freedom, then the people rose up. Of course now Russia is just going back to the shithole it was.
Holy shit and I thought we were doing bad in Ireland.
[QUOTE=PvtCupcakes;28132496]If that was the case, why not just a byte? No debt could be larger than $255.[/QUOTE]
Because then we could never have more then $255 of actual money... What happens when we are out of debt? I would rather have $14,000,000,000,000 of real money then $255 of real money. Instead of being in the hole 14 trillion, or $255.
[QUOTE=its shortie;28113516]Not spending won't bring us out. Obviously spending it in the wrong way will drive us further into debt. But not spending at all will make it even worse.[/QUOTE]
Why is everyone rating this guy dumb? Keynesian economics, welcome to it.
[QUOTE=s0beit;28151972]Why is everyone rating this guy dumb? Keynesian economics, welcome to it.[/QUOTE]
Because people within this thread have never taken a course geared towards economics, or if they have, they forgot most of it. If had seriously taken a course, we would not have an idiotic spiraling down into an age old debate of socialism vs. capitalism, or some other ignorant opinions regarding the debt (i.e stop spending)
[QUOTE=SigmaLambda;28142730]why it's to stop spending government money on free condoms and teacher's salaries of course[/QUOTE]
Don't forget planned parenthood, lots of people with AIDS will surely decrease the deficit
Jeeesus, I thought us people in the UK had it bad.
[QUOTE=Starpluck;28113606]We'll just print some more money.[/QUOTE]
I actually asked my dad why that wouldn't work once.
:downs:
[QUOTE=s0beit;28151972]Why is everyone rating this guy dumb? Keynesian economics, welcome to it.[/QUOTE]
wut is g1, wut is g2
I had a party. Seriously.
[QUOTE=Starpluck;28113606]We'll just print some more money.[/QUOTE]
and then print more money to pay for the money we just printed to pay for the other money we just printed.
[editline]20th February 2011[/editline]
We need to stop dumping money into the war on terro...is it even still called the War on Terror? It might as well be the War on the Bogeyman.
:regd08: ?
America sure's gonna need it's well-funded army when the population will go fucking berserk when the country's economy falls on it's ass.
World War 3 needs to happen to pay this shit off, it's true
[QUOTE=Habsburg;28113668]Then raise taxes on the rich.[/QUOTE]
If only but then again they only listen to the rich because they will bitch about being taxed, and then we lower classes will get taxed even more >_>
Lets build a bridge to the moon to stimulate the shit out of the economy.
Maybe we can ask China for money.
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