POG Politics Thread

[HerbieGRD]

Originally Posted by gusmahler

If your employer told you that your salary next year would be reduced by 20%, would you reduce your spending?

If a significant portion of my income was determined by how much I spent the year before and I was able to borrow money at below the rate of inflation then it's entirely possible that I would increase my spending in response to my employer telling me that my salary would be reduced next year

I know the question wasn't directed at me, but I felt like answering it anyways

[clowntable]

Originally Posted by well named

the only spending increase that was supposed to be stimulative was the stimulus program, afaik

and it was 30+% tax cuts

and while it's pretty hard to measure the effects of something like that relative to what would have happened to GDP had there been no stimulus, the research i've seen that tries to answer the question says the stimulus did stimulate

ymmv

Economically speaking...I think it's pretty funny that (smartish) Keynesians also want tax cuts these days. Use totally different mechanisms to arrive at the same conclusion FTW (obviously I shake my head in disbelive when I see how they arrive at this conclusion especially since those people are supposed to be well educated)

If your employer told you that your salary next year would be reduced by 20%, would you reduce your spending?

No, I'd get a new job.

[well named]

The argument by intuitive appeal to personal financial responsibility seems sort of shallow to me. Not that it's entirely without merit but there are lots of good reasons why the correct answer to the question for me personally is going to differ from the correct answer for the government. There's also lots of hypothetical scenarios in which even the answer for me personally would change. It doesn't seem very useful as a guide to policy making to me.

That said, my answer, in rough analogy to what I was saying before, is certainly I would have to consider spending less. I would also strongly consider finding a way to make more money, especially if certain large parts of my budget were relatively inelastic.

[well named]

I would like to appoint herbie as my personal question answerer since he's smarter then me

[clowntable]

I'd like to appoint Herbie as my personal stone age outfit advisor, I know I could rock that ****.

Rock haha-ohwow

[HerbieGRD]

Originally Posted by well named

I would like to appoint herbie as my personal question answerer since he's smarter then me

Don't do that - I've avoided a number of questions here pretty much entirely because you've answered them as well or better than I could have - comparisons of national fiscal policy to household budgets just irk me for some reason

[HerbieGRD]

Originally Posted by clowntable

I'd like to appoint Herbie as my personal stone age outfit advisor, I know I could rock that ****.

Rock haha-ohwow

This, however, I am totally qualified for

[clowntable]

We'd get along just fine...after all I'm from the land of ze Jägermeister

[DonkDonkDonkDonk]

The American political machine moves on whoever is president. The president is basically a figurehead position much like the Queen of England. Money will have it's way in the end.

[bobman0330]

Originally Posted by well named

The argument by intuitive appeal to personal financial responsibility seems sort of shallow to me. Not that it's entirely without merit but there are lots of good reasons why the correct answer to the question for me personally is going to differ from the correct answer for the government. There's also lots of hypothetical scenarios in which even the answer for me personally would change. It doesn't seem very useful as a guide to policy making to me.

That said, my answer, in rough analogy to what I was saying before, is certainly I would have to consider spending less. I would also strongly consider finding a way to make more money, especially if certain large parts of my budget were relatively inelastic.

It actually is entirely without merit.

[amplify]

Originally Posted by pwnsall

im against generating tax revenue

[amplify]

Originally Posted by well named

I don't actually have any particular problem with the idea that there is merit to reducing the size of the US federal government

size = 0 generating infinite merit

[well named]

I like to hedge my bets on my opinions

[kioshk]

My parents are unabashed big-gov't liberals. The bigger the better. Big gov't for them is creating jobs in the Depression and enforcing civil rights laws in the South.

They're naive about Democrats and cynical about Republicans.

[Sun Tzu]

Originally Posted by biggerboat

Prostitution and drugs should both be legal imo. Tax them and regulate them and concentrate on real crime.

I agree

that would also reduce the crime around those things