Krugman heralds start of next depression

[afx114]

[quote=kev374]I know plenty of 1099 contractors who lease expensive cars for personal use and write off a good chunk of the lease on their taxes. They also write off lunches and dinners disguising them as business activities. Vacations become business trips etc. etc. It’s way too easy to dupe the system. The folks with W2 income paying the entire 49-50% marginal tax rate are the ones being screwed.[/quote]

We 1099’ers also pay double — once as employee and once as employer.

[briansd1]

This is an interesting article on the dangers of belt tightening too soon.

Bet on Private Sector for Recovery Could Prove Risky
By DAVID LEONHARDT

In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending — and the markets are skeptical.

[briansd1]

This is an interesting article on the dangers of belt tightening too soon.

Bet on Private Sector for Recovery Could Prove Risky
By DAVID LEONHARDT

In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending — and the markets are skeptical.

[briansd1]

This is an interesting article on the dangers of belt tightening too soon.

Bet on Private Sector for Recovery Could Prove Risky
By DAVID LEONHARDT

In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending — and the markets are skeptical.

[briansd1]

This is an interesting article on the dangers of belt tightening too soon.

Bet on Private Sector for Recovery Could Prove Risky
By DAVID LEONHARDT

In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending — and the markets are skeptical.

[briansd1]

This is an interesting article on the dangers of belt tightening too soon.

Bet on Private Sector for Recovery Could Prove Risky
By DAVID LEONHARDT

In cutting spending to rein in deficits, governments are effectively betting that the private sector can make up for lost stimulus spending — and the markets are skeptical.

[scaredyclassic]

Concur pjwal; although it’s less fun it’s probly true

[scaredyclassic]

Concur pjwal; although it’s less fun it’s probly true

[scaredyclassic]

Concur pjwal; although it’s less fun it’s probly true

[scaredyclassic]

Concur pjwal; although it’s less fun it’s probly true

[scaredyclassic]

Concur pjwal; although it’s less fun it’s probly true

[barnaby33]

What I find so interesting is that so many of you say,” the government didn’t cut spending in the good years.” What good years people? The only reason those years were good was govt pulling demand forward by borrowing away our future, thats not good.

If you just ignore the future and pretend like the past was normal, Krugman makes sense. Sure don’t worry about deficits. The future will take care of itself but we need to get aggregate demand back!

If on the other hand you realize that aggregate demand was pumped up over long periods of time this is just a correction to normal. Good times indeed.
Josh

[barnaby33]

What I find so interesting is that so many of you say,” the government didn’t cut spending in the good years.” What good years people? The only reason those years were good was govt pulling demand forward by borrowing away our future, thats not good.

If you just ignore the future and pretend like the past was normal, Krugman makes sense. Sure don’t worry about deficits. The future will take care of itself but we need to get aggregate demand back!

If on the other hand you realize that aggregate demand was pumped up over long periods of time this is just a correction to normal. Good times indeed.
Josh

[barnaby33]

What I find so interesting is that so many of you say,” the government didn’t cut spending in the good years.” What good years people? The only reason those years were good was govt pulling demand forward by borrowing away our future, thats not good.

If you just ignore the future and pretend like the past was normal, Krugman makes sense. Sure don’t worry about deficits. The future will take care of itself but we need to get aggregate demand back!

If on the other hand you realize that aggregate demand was pumped up over long periods of time this is just a correction to normal. Good times indeed.
Josh

[barnaby33]

What I find so interesting is that so many of you say,” the government didn’t cut spending in the good years.” What good years people? The only reason those years were good was govt pulling demand forward by borrowing away our future, thats not good.

If you just ignore the future and pretend like the past was normal, Krugman makes sense. Sure don’t worry about deficits. The future will take care of itself but we need to get aggregate demand back!

If on the other hand you realize that aggregate demand was pumped up over long periods of time this is just a correction to normal. Good times indeed.
Josh

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