Robert Reich explains the economy

[Riot]

Originally Posted by Clip-Clop

An economist decided to make videos explaining that if you spend to much and don't make enough you will be in the red. That was really nice of him to explain that for you.

You didn't watch the video, obviously - because that's not what was said.

He was trying to explain it to the Republicans and other idiots who refuse to raise taxes. They clearly don't understand the concept, and reveal their ignorance daily in Washington.

You've supported trickle-down economics on this board. Now you agree it's wrong?

As Reich explains spending too much was not the problem that got us here, or keeps us here - it was decreasing our income by giving away free tax cuts. The answer to the question is not both A) and B) - it's only B)

And the fiscally ignorant in Washington (Paul Ryan, especially you!) continue to think that we can austerity ourselves into financial wellness on a part-time income. As Reich explains, that is not only wrong, but impossible - and not at all what the economy needs. And will drive our deficit to trillions more, very quickly. And put us very readily back in a depression.