Now that the libs have suddenly become deficit hawks: A question

[mbus]

@JayJay

@mbus

@altair1013

In fairness. Neither party seems to care about the national debt unless it’s the other party spending the money.

The inarguable truth. Any effort to paint one side as higher minded is either willful ignorance or self-delusion. Both sides the same, literally and wholly. Partisanship is the problem.

Except Clinton reduced the deficit and depending on how you want to calculate it, ran a small surplus or small deficit.

And Obama reduced the deficit every year after the credit crisis had abated.

So not quite true.

I try to look at this holistically; not just on the national level. I live in California where Democratic leadership and policies both tanked the economy and then resurrected it. Difficult to ascribe any consistent economy policy to one political party. Maybe neither has one.

[JayJay]

@mbus

@JayJay

@mbus

@altair1013

In fairness. Neither party seems to care about the national debt unless it’s the other party spending the money.

The inarguable truth. Any effort to paint one side as higher minded is either willful ignorance or self-delusion. Both sides the same, literally and wholly. Partisanship is the problem.

Except Clinton reduced the deficit and depending on how you want to calculate it, ran a small surplus or small deficit.

And Obama reduced the deficit every year after the credit crisis had abated.

So not quite true.

I try to look at this holistically; not just on the national level. I live in California where Democratic leadership and policies both tanked the economy and then resurrected it. Difficult to ascribe any consistent economy policy to one political party. Maybe neither has one.

Maybe everything they do is subject to the Lucas Critique

[mbus]

@JayJay

@mbus

@JayJay

@mbus

@altair1013

In fairness. Neither party seems to care about the national debt unless it’s the other party spending the money.

The inarguable truth. Any effort to paint one side as higher minded is either willful ignorance or self-delusion. Both sides the same, literally and wholly. Partisanship is the problem.

Except Clinton reduced the deficit and depending on how you want to calculate it, ran a small surplus or small deficit.

And Obama reduced the deficit every year after the credit crisis had abated.

So not quite true.

I try to look at this holistically; not just on the national level. I live in California where Democratic leadership and policies both tanked the economy and then resurrected it. Difficult to ascribe any consistent economy policy to one political party. Maybe neither has one.

Maybe everything they do is subject to the Lucas Critique

Wow, Jay Jay. Remember who you’re talking to. I’ll do a quick search for it and get back to you…if I understand it at all.

[JayJay]

@mbus

@JayJay

@mbus

@JayJay

@mbus

@altair1013

In fairness. Neither party seems to care about the national debt unless it’s the other party spending the money.

The inarguable truth. Any effort to paint one side as higher minded is either willful ignorance or self-delusion. Both sides the same, literally and wholly. Partisanship is the problem.

Except Clinton reduced the deficit and depending on how you want to calculate it, ran a small surplus or small deficit.

And Obama reduced the deficit every year after the credit crisis had abated.

So not quite true.

I try to look at this holistically; not just on the national level. I live in California where Democratic leadership and policies both tanked the economy and then resurrected it. Difficult to ascribe any consistent economy policy to one political party. Maybe neither has one.

Maybe everything they do is subject to the Lucas Critique

Wow, Jay Jay. Remember who you’re talking to. I’ll do a quick search for it and get back to you…if I understand it at all.

I can sum it up pretty quickly.

Sometimes you have two variables that are linked causally (like inflation and unemployment).

But as soon as you try to screw with one variable to try and control the other, you break the causal link.

Well not so much break it as tweak it so you can’t get the results you want.

[lessright]

So did Reagan and so did Bush the junior. In fact Reagan almost tripled it – good times.

[mbus]

@JayJay

@mbus

@JayJay

@mbus

@JayJay

@mbus

@altair1013

In fairness. Neither party seems to care about the national debt unless it’s the other party spending the money.

The inarguable truth. Any effort to paint one side as higher minded is either willful ignorance or self-delusion. Both sides the same, literally and wholly. Partisanship is the problem.

Except Clinton reduced the deficit and depending on how you want to calculate it, ran a small surplus or small deficit.

And Obama reduced the deficit every year after the credit crisis had abated.

So not quite true.

I try to look at this holistically; not just on the national level. I live in California where Democratic leadership and policies both tanked the economy and then resurrected it. Difficult to ascribe any consistent economy policy to one political party. Maybe neither has one.

Maybe everything they do is subject to the Lucas Critique

Wow, Jay Jay. Remember who you’re talking to. I’ll do a quick search for it and get back to you…if I understand it at all.

I can sum it up pretty quickly.

Sometimes you have two variables that are linked causally (like inflation and unemployment).

But as soon as you try to screw with one variable to try and control the other, you break the causal link.

Well not so much break it as tweak it so you can’t get the results you want.

Thanks. Does make sense that economies are organisms that live and breathe by their own vagaries. It’s the partisan adherence to one set of constraints and/or stimuli that complicates things; especially when done so with certainty.