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> The decade following the great recession should have been a time of expansionary fiscal policy. Instead of congress investing in our future they argued and ac
by throw0101b 3y ago
> The decade following the great recession should have been a time of expansionary fiscal policy. Instead of congress investing in our future they argued and accomplished nothing.
Do is "they" specifically?
Because as I remember it the Republicans wanted to sink a Democratic president, and so hampered/slowed the recovery. And let's forget the right-wing idea of "expansionary austerity":
* https://en.wikipedia.org/wiki/Expansionary_fiscal_contraction https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...
And the deficit hawks who said that the US had to cut debt or Bad Things would happen (which suddenly wasn't a problem went Trump got into office and tax cuts were desired):
* https://en.wikipedia.org/wiki/Deficit_hawk https://en.wikipedia.org/wiki/Deficit_hawk
- TexanFeller 3y ago> which suddenly wasn't a problem went Trump got into office and tax cuts were desired There are plenty of us that rage against _both_ parties' negligence when it comes to balancing the budget. Socially liberal and fiscally conservative as us libertarian-ish types say. Lots of us hated Trump for cutting taxes and bullying the fed to lower rates while the economy was already booming.
- mikrl 3y agoIt’s like the dark sibling of Keynes, eh? At least Keynesian theory had a notion of slowing an economy that needed slowing, and boosting an economy that needed boosting, through a complementary mechanism. The poisonous application on the other hand is to boost an economy at capacity, and use the inevitable crash to funnel wealth to… who knows where?
- WillPostForFood 3y agoDeficit hawks remained deficit hawks under Trump, but Trump was definitely not a hawk. https://rollcall.com/2017/09/06/trump-sides-with-dems-as-debt-spending-deals-struck/ https://rollcall.com/2017/09/06/trump-sides-with-dems-as-deb...