But even when Democratic Presidents run deficits they try to reduce them --- HELL< even Biden has emphasized the on his watch the deficit has come down --- Obama permitted the Republicans to force him to institute a sequester which cut the deficit dramatically --- thereby slowing the recovery and in my opinion giving us Trump ---
I don't think ANY Democrat has accepted Stephanie Kelton's argument (I agree with her by the way( --- The only one who ever said that (allegedly) ws VP Cheney who told someone (forget who) "Reagan proved that deficits don't matter!" (I would argue Carter lost to Reagan because he decided to fight inflation in 1980 with budget cuts which caused a quick but painful recession which is why Carter lost) On Sat, Jul 13, 2024 at 11:57 PM Mark Baugher via groups.io <mark= [email protected]> wrote: > > > > On Jul 13, 2024, at 1:24 PM, Michael Meeropol via groups.io <mameerop= > [email protected]> wrote: > > > > the Democrats so quickly embraced "fiscal responsibility" in the > demonization of deficits --- > > Are you talking about Clinton? No other Democratic Party president > balanced the budget. Stephanie Kelton, a Democratic Party economist, has a > theory that deficits don't matter. So, I don't understand. > > Wall Street benefits from deficits, don't they? Why would the Democrats > oppose it? > > > -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#31144): https://groups.io/g/marxmail/message/31144 Mute This Topic: https://groups.io/mt/107175980/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
