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clarice

(5,504 posts) Tue Feb 16, 2016, 05:27 PM Feb 2016

question about the National Debt for all of you economist types.... [View all]

I can already hear some of the responses this will invoke...but it IS a serious question.
Can someone explain to me in simple terms..how can an 18 trillion dollar deficit be GOOD for
ANY Country? I doubt that any of us run their households like that...why should they?

Also, I remember when Mr. Bill erased the deficit while he was in office. Didn't we think that that was a GOOD thing at the time?
Why would it be a bad thing now?

18 replies

= new reply since forum marked as read

Highlight:

question about the National Debt for all of you economist types.... [View all] clarice Feb 2016 OP

Generally it is bad, depending on timing rufus dog Feb 2016 #1

Thanks Rufus.... clarice Feb 2016 #2

It seems Keynesian. Krugman posits that the last 7 years are proof that Keynes was right. pampango Feb 2016 #3

You can't be serious.lol.nt clarice Feb 2016 #4

Me or Krugman? n/t pampango Feb 2016 #6

I find relying on any macroeconomic theory to be a singularly unsatisfying experience jmowreader Feb 2016 #5

are you buying Republican propaganda that the stimulus did NOT work? hfojvt Feb 2016 #9

This is an economic conversation....no need for politics..thanks though. nt clarice Feb 2016 #10

well back in the old days hfojvt Feb 2016 #18

Wrong. Xolodno Feb 2016 #12

Thank you....you've proven my point... clarice Feb 2016 #14

Predictable. Xolodno Feb 2016 #15

Ho hum. I expected better...set..match..Clarice. nt clarice Feb 2016 #16

We thought it was a good thing at the time, but much of it was due to a bubble. Yo_Mama Feb 2016 #7

Best post of the day. Thanks mama. nt clarice Feb 2016 #11

first of all you said deficit when you should have said debt hfojvt Feb 2016 #8

HF.... very interesting post......a few more questions/observations if you don't mind.. clarice Feb 2016 #13

the debt/deficit thing was not a big deal hfojvt Feb 2016 #17