Comments on: Government should be counter-cyclic to the Main Street marketplace

By: Government should be counter-cyclic to the Main Street marketplace | GerardMcLean.com

Tue, 09 Jun 2009 14:10:23 +0000

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By: Rufus

Rufus — Tue, 17 Feb 2009 15:59:20 +0000

@patrick Not entirely true. http://www.lsc.state.oh.us/guidebook/chapter8.pdf While most states’ balanced budget requirements limit the amount of debt the state can incur, most don’t limit the surplus. My entire point here is that the states should recognize that economies go through ups AND downs and that their spending should be counter-cyclic to the economy. In the fat years, draw more taxes and SPEND LESS. In the lean years, cut taxes and SPEND MORE.

But, you can’t cut taxes if you didn’t plan for lean years, which is what is wrong with the GOP approach to the $800B stimulus. There is no surplus to dip into.

By: Patrick

Patrick — Tue, 17 Feb 2009 15:44:57 +0000

Your view is accurate as regards the Federal government, which is why we have an $800 billion stimulus bill. But it is wrong as regards the states. All 50 states are required by law to balance their budgets annually. If they were not so required, the Federal government would constantly be bailing them out.

By: Rufus

Rufus — Tue, 06 Jan 2009 16:45:55 +0000

@norcross Then I think we need to start electing really smart people who CAN get things in sync instead of people we would rather drink a beer with. Just because something is the way it is doesn’t mean it has to stay that way.

“When in the course of human events..” my friend…

By: Norcross

Norcross — Tue, 06 Jan 2009 16:14:46 +0000

I agree in theory that government and business should work as opposites. However, we know that business moves much quicker than government ever could, so attempting to pair them would result in being more out of sync.

By belief is that the government (and its people) should decide on what core services they will provide, and then butt out of others. Too many things are done on a piece-meal basis, so business and government get so interwoven that they can’t break apart.

By: Rufus

Rufus — Tue, 06 Jan 2009 15:23:32 +0000

@alrady When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

Interesting read in a more contemporary context.

By: ALRADY

ALRADY — Tue, 06 Jan 2009 15:13:38 +0000

You are totally right on the money…. what is happening to the we are the government concept? I think it’s been lost Throw the bums out!

By: Government should be counter-cyclic to the Main Street marketplace « Rivershark, Inc.

Tue, 06 Jan 2009 15:07:34 +0000

[...] Originally published at: DogWalkBlog.com [...]

By: GerardMcLean.com » Blog Archive » Government should be counter-cyclic to the Main Street marketplace

Tue, 06 Jan 2009 14:46:52 +0000

[...] Originally published at: DogWalkBlog.com [...]