Trboatworks
Diamond
- Joined
- Oct 23, 2010
- Location
- Maryland- USA
I suppose there is no harm in viewing these trends in real time instead of the out of context distortion by talking points designed to undermine each administrations actions.
I am a simpleton-
I believe the government has a valid role as a lender of last resort which uses this capacity to blunt the worse tendencies of downturns.
I take this as the preferred action to ‘austerity’ which I would judge unnecessarily protracted the recession in Europe in comparison to the support the US rapidly put in place.
That delaying action in Europe in turn I would judge slowed global growth as we recovered from the downturn.
This included the oft assigned ‘Obama recovery’ which was slower than the pundits would have preferred and miss represented as a failure of the administration.
The other measure I take to be part of rational administration of revenue in a nation is to build reserves during times of relative prosperity.
These reserves can be used for structural investment in the nation which can be judged to augment growth as well as remaining as a buffer for those times when once again drawdowns are required from the national coffers for emergency expenditures and simple maintenance of market strength during downturns.
What is happening now will define our national prospects a decade from now.
I don’t think we should wait for talking point distortions.
We can attempt to judge now how our actions are designed to face those outcomes.
The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year - The Washington Post
I am a simpleton-
I believe the government has a valid role as a lender of last resort which uses this capacity to blunt the worse tendencies of downturns.
I take this as the preferred action to ‘austerity’ which I would judge unnecessarily protracted the recession in Europe in comparison to the support the US rapidly put in place.
That delaying action in Europe in turn I would judge slowed global growth as we recovered from the downturn.
This included the oft assigned ‘Obama recovery’ which was slower than the pundits would have preferred and miss represented as a failure of the administration.
The other measure I take to be part of rational administration of revenue in a nation is to build reserves during times of relative prosperity.
These reserves can be used for structural investment in the nation which can be judged to augment growth as well as remaining as a buffer for those times when once again drawdowns are required from the national coffers for emergency expenditures and simple maintenance of market strength during downturns.
What is happening now will define our national prospects a decade from now.
I don’t think we should wait for talking point distortions.
We can attempt to judge now how our actions are designed to face those outcomes.
The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year - The Washington Post
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