Highlights of Stimulus Plan

[Texas]

How did we pay for WW2?

By emerging as the only country in the world left with an economy that was intact. It is easy to pay off debt when you have a monopoly.

 

[Smackety]

By emerging as the only country in the world left with an economy that was intact. It is easy to pay off debt when you have a monopoly.

So becoming a net exporter for a decade after WW2 is what helped the US pay for the war? It was paid for with corporate taxes? (I don't think we paid it off quite that fast myself)

Here

Since all Presidents from Truman on have reduced the gross federal debt except Reagan and the Bushes, the part remaining from WWII is found by subtracting their debt contributions (and the FRS contribution) from the current federal debt total.

 

[Texas]

So becoming a net exporter for a decade after WW2 is what helped the US pay for the war? It was paid for with corporate taxes? (I don't think we paid it off quite that fast myself)

Here

We were much more than a net exporter, we were the just about the only country exporting anything. The Marshal plan alone doubled our GDP. We were receiving regular payments on that for far more than a decade. WW2 was a multi-country destroying event. Of the major belligerents the United States, except for Pear Harbor, was the only country that was spared destruction of their economic base. It wasn't the money spent fighting the war that mattered it was the undisputed economic dominance of the US following the war that existed for far more than a decade and is still the dominate economy today.

 

[Smackety]

We were much more than a net exporter, we were the just about the only country exporting anything. The Marshal plan alone doubled our GDP. We were receiving regular payments on that for far more than a decade. WW2 was a multi-country destroying event. Of the major belligerents the United States, except for Pear Harbor, was the only country that was spared destruction of their economic base. It wasn't the money spent fighting the war that mattered it was the undisputed economic dominance of the US following the war that existed for far more than a decade and is still the dominate economy today.

Try that link, it disagrees with your claim that the war debt was paid off in a decade.

 

[GreyICE]

I'm happy to see such brevity from you. I can't wait for WW3 can you?

I can't really add anything to that. It's like a birfer arguing that Obama wasn't a US citizen and that he gave up his US citizenship in Indonesia.

Doublethink.

 

[al_capone_junior]

I went with the last firm figure I heard, $819,000,000,000.

Also, so this "stimulus" package is supposed to have all this money in it for infrastructure and building construction, right? The issue I've never heard discussed is this: who's been getting laid off, and do they have any fricking idea how to raise a building or lay pavement? All those investment bankers on Wall Street who got kicked to the curb aren't likely to be able to just mosey on over to a foreman and say, "okay, Boss, gimme a hammer I'm ready to help!"

Those investment bankers are a large part of the problem. It would do them a whole lot of good to work for $25K a year laying concrete or swinging a roofing hammer, instead of giving themselves big bonuses for screwing us all into the ground and playing golf all the time.

I realize some investment people who are out of work now are in fact little guys, not fat cats. But I don't have much sympathy for the investment and banking industry as a whole. Do metal roofing in texas for about a year, then come see me if you want some sympathy.

al

 

[maxpower1227]

[qimg]http://www.housingbubblebust.com/GDP/Depression.PNG[/qimg]

[qimg]http://upload.wikimedia.org/wikipedia/commons/0/02/US-jobs2040.jpg[/qimg]

Can you tell me where you got that first graph, or where the numbers are printed? I want to use that as a reference, but there's no source given.

 

[Meadmaker]

Does anyone know of a list of "lowlights" of the stimulus plan? I'm sure the conservative bloggers are out there compiling lists of the worst things that are in the plan. I'd like to see such a list.