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Kasz216 on 19 April 2009
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akuma587 said:
Kasz216 said:
akuma587 said:
So the Cold War can justify deficit spending but a humongous economic crisis can't?

For a lot of people yes.

A full scale Nucleaer war between the US and USSR would of been a lot more disasterous then the current economic crisis.

The fact you can't instantly recognize that is kinda crazy.

I recognize that some people believe that, but saying that the rational behind one is substantially more sound than the other is questionable to me.

I don't blame Reagan for the spending as much as I blame the people who have taken some of Reagan's ideas to such an extreme degree that it has really come back to haunt us.  I hate how he popularized deficits and demonized taxes while doing so under the cloak of fiscal responsibility.  And I think his tax cuts were a good idea for the economic problem he was facing, stagflation.  Tax cuts are about the only way to deal with stagflation.

I cannot stand how some people now believe that tax cuts can solve any economic problem.  That's just as stupid as saying that government spending can solve any economic problem.  You can't fix every problem with one solution.

 

Which is completely irrelevent to the topic at hand.