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Capitalism?

GPeyton Wrote: Dec 03, 2012 12:34 PM
You need to read up on Hazlitt, Sowell, Walter Williams, etc. Sign up for Dan Mitchell's email list. Your reasoning is atrocious. You can't spend/tax/print your way to prosperity. You are not examining at all - indeed, completely ignoring - hidden costs, and you are falling hook, line and sinker for the biggest straw man argument ever made. The one thing your analysis completely neglects is what the economy would look like if the fed govt were a reasonable size and spending was at a reasonable level. If they held spending flat - absolute spending, not the BS "baseline budgeting" - you would see remarkable growth in the actually productive sectors of our economy, namely the private sector. Get out of DC, it's warping your thoughts.
With the Redskins playing the Monday night game and the National's still not having made a deal with their 1st baseman, Adam LaRoche, there's not much to think about here in Our Nation's Capital other than that pesky fiscal cliff.

Depending on what comes up in your Google search for "What will be the effect on GDP of the fiscal cliff" you get answers ranging from a drop of about 1.4 percent (NASDAQ) up to four percent (Washington Post).

Most of the guesses fall in the 3 - 3.5 percent range.

No matter how much the economy...