Mod74 wrote:You mean instead of creating work for the private sector through privatisation, we should make stuff up for them to do instead. Seems legit.Blocks100 wrote: I'm just a Keynesian guy at heart, give me stimulus.
http://en.wikipedia.org/wiki/New_DealFiscal policy
The Economy Act, drafted by Budget Director Lewis Williams Douglas, was passed on March 14, 1933. The act proposed to balance the "regular" (non-emergency) federal budget by cutting the salaries of government employees and cutting pensions to veterans by fifteen percent. It saved $500 million per year and reassured deficit hawks, such as Douglas, that the new President was fiscally conservative. Roosevelt argued there were two budgets: the "regular" federal budget, which he balanced, and the "emergency budget", which was needed to defeat the depression; it was imbalanced on a temporary basis.[31]
Roosevelt was initially in favor of balancing the budget, but he soon found himself running spending deficits in order to fund the numerous programs he created. Douglas, however, rejecting the distinction between a regular and emergency budget, resigned in 1934 and became an outspoken critic of the New Deal. Roosevelt strenuously opposed the Bonus Bill that would give World War I veterans a cash bonus. Finally, Congress passed it over his veto in 1936, and the Treasury distributed $1.5 billion in cash as bonus welfare benefits to 4 million veterans just before the 1936 election.[32]
New Dealers never accepted the Keynesian argument for government spending as a vehicle for recovery. Most economists of the era, along with Henry Morgenthau of the Treasury Department, rejected Keynesian solutions and favored balanced budgets
igorgetmeabrain wrote:Really? Â I wouldn't know how to get hold of it if I wanted it.
igorgetmeabrain wrote:Really? Â I wouldn't know how to get hold of it if I wanted it.
Blocks100 wrote:So you do that then, and you're presumably left with the bare minimum of 'state interference', which is what, national defence? And then what? AND THEN WHAT?
XTC_NRG_4_DARKRAVER wrote:Should greed carry a prison sentence?
I did get some a couple of years ago to try to tackle a neurophysiological problem (didn't really help) but it was by pure chance that the opportunity arose and I got ripped off too. Still, needs must. These days I don't know anyone who knows anyone who...Matt_82 wrote:Were you not looking for some to help sleep a few years back?igorgetmeabrain wrote:Really? Â I wouldn't know how to get hold of it if I wanted it.
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