Home > Main > Ignorant People agree: Spending Cuts are the path to prosperity

Ignorant People agree: Spending Cuts are the path to prosperity

April 5, 2011

Despite the evidence from Italy and U.S. States, ignorant people insist that less government spending means greater prosperity.

These dummies must hate Private Savings. They hate that people want to save money. They want Private Savings to be negative, like it has been for most of the last 15 years.

See all that negative Blue from the late 1990’s on?  That is the U.S. dippin’ into the savings account for years and years.   Reducing the red will make the Blue even bigger.  And that’s what these deficit cutters want – less savings by U.S. Citizens.

They are ignorant of basic accounting.

Domestic Private Balance + Domestic Government Balance + Foreign Balance = 0

Look for the Blue to go very, very negative if they are successful.  It will be a sad day in the U.S.

 

 

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Categories: Main
  1. Detroit Dan
    April 8, 2011 at 11:05 am

    Great post (comment) on Interfluidity! You’re now on my short reading list…

    • TC
      April 8, 2011 at 1:56 pm

      Hi Dan,

      Thanks!

      I don’t always get to post as much as I’d like, but I do try to write at least one interesting post per week.

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