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@Liberty309 doctorates on the subject. Presidents like George Bush and Ronald reagan were notorious for ignoring economists. Their failed economic policies (well really reagan’s failed economic policies that bush borrowed) are still taught today as an example of exactly why trickle-down economics doesn’t work.
I apologize if I have offended you but my point was that economists study this for a long time, and many people ignorant on the subject distrust them because they don’t understand it
Roslyn
@Liberty309 again, by uneducated I mean uneducated in economics. If I told you something about quantum mechanics it would probably be completely wrong and you’d laugh.
Just like you, having obviously not studied economics, have no concept of how aggregate supply and demand curves are derived, how national debt is accrued or what it even actually means, and why sometimes more debt is good.
The economists who make decisions and give advice to the president have
Wilford
@Liberty309 no, wouldn’t, because I am uneducated in physics. I could talk about economics, psychology, general business (my majors in college) or medically related topics (I am in an M.D. program). I wouldn’t talk about physics because I NEVER LEARNED ADVANCED PHYSICS
Just like people who are not educated in economics shouldn’t flip out, as this clearly uneducated (uneducated in economics) interviewer did.
Jeramy
@TheLostGuitarist Jesus Christ First of all I was with you until your last line. I asked a simple question there was no reason for that smart *** last line of yours. I happen to be very well educated. Just because I never studied economics doesn’t make me uneducated. I have an I.Q. 137 so im pretty confident I would out shine you in other subjects as well as that dumbass interviewer. Do you want want to have a discussion about physics,quantum mechanics,quantum nonlocality,string theory and more.
Lilia
@PrisonerNumber9653
You’re a sponge. Get over it. BTW, those anger management courses didn’t take. But what else would you expect from so called “free” government medical services.
Pearl
Who here, disagrees with the senator, and has at least a bachelor’s degree in economics from an U.S. accredited university? Because I do….I understand why more debt can be a good thing (albeit not always, its a complex answer that depends on many variables such as GDP, the source of the debt, the interest rate, etc etc).
Does anyone here understand macroeconomics on at least a bachelors level that truly doesn’t agree with that statement?
Viola
@Liberty309 lol you apparently don’t understand the concept of debt on the national level. It’s not the same thing as “I owe 20 dollars”
macro economics works VERY differently than micro economics. The short answer is sometimes more debt can be a good thing. The long answer is it depends on the interest rate that the debt was borrowed, the source of the debt, the value of our GDP, our rate of growth, etc.
You’re just as uneducated as the uneducated interviewer lol
Roscoe
Seriuously did I miss something in the interview. Explain to me how more debt is better. Because if were up to me I would rather have the money than the debt. Or is it just another crooked politician lieing through their teeth as usual
Sherry
Too funny.
Davis
@PrisonerNumber9653 you officially are no longer taken seriously as someone with valid points lmao, i wasnt talking about rich ppl n their tax cuts, everyone gets effected by taxes, u never been poor obviously or else ud comprehend my words more carefully. I been taught by professors on this im not gonna take a crackpot bloggers knowledge over a man who does economics reports for the United Nations lmao ur words show u know nothing about macroeconomics.
Nelson
@PrisonerNumber9653 @PrisonerNumber9653 you officially are no longer taken seriously as something with valid points lmao, i wasnt talking about rich ppl n their tax cuts, everyone gets effected by taxes, u never been poor obviously or else ud comprehend my words more carefully. I been taught by professors on this im not gonna take a crackpot bloggers knowledge over a man who does economics reports for the United Nations lmao get real fool
Arturo
The Dems are far too much beholden to Wall Street but the GOP is far, far MORE so. The pathetic horsecrap that the Dems are “owned by trial lawyers” because they support the RIGHT of consumers to a day in court when screwed by corporations, or attacking workers by saying the Dems are “owned by unions” shows again it’s ONLY the very rich you care about.
I’ve never been to Mexico, I’m as American as they come, and will NOT listen to this crap of “support my greed or you’re not American”
Clement
@666sigma I’m not a “sponge”, NO person is a “sponge on society”, this sick crap that the rich are “productive” and the poor are “sponges” to excuse a system dedicated entirely to the notion of the rich get richer never had any truth or morality behind it.
BOTH the DLC centrist Democrats AND the right wing Republicans have supported this screwed up system, but your sick lies blaming poverty on the victims is entirely your side.
Jean
@PrisonerNumber9653
You are a worthless, non-productive sponge on society. Fannie and Freddie are Democratic institutions. Just ask Barney Frank and Maxine Waters. The CRA and GLB are Clinton’s baby. The failure to regulate derivatives lies at the feet of Rubin and Clinton. The Democratic party is in the back pocket of Wall Street, Lawyers and Untions just as the Republicans are beholden to Military Industrial Complex. You are as dumb as they come. Maybe you should go back to Mexico.
Lolita
@666sigma I haven’t broadcast any “ignorance”, only the ability to see through the pathetic lies of the far right, who CREATED the debt with thier tax breaks for the rich and overspending on military madness for decades, and suddenly have cooked up the lie that “debt” is a serious issue to American families so they can further cut programs we need.
It’s a sick LIE to claim we don’t care about those in need, as you support an agenda that DESTROYS them.
I’m as American as they come, *******.
Mathew
@PrisonerNumber9653
You are fool. If you were smart, you would not broadcast your ignorance to the world. Stark is a scumbag of the highest order – plain and simple – he doesn’t give two shits about unemployed morons like yourself. You are both a disgrace and neither has any business living in this country.
Isaac
@666sigma He’s “So stupid”?? By telling the TRUTH that the wealthy and powers that be don’t want, and defending the needs of the PEOPLE??
The government is a fiscal disaster because of the Reagan upside-down mindset that the wealthy need tax CUTS and the poor pay too little and get too much. It’s not only a fiscal disaster, it’s a moral disaster.
Luigi
@chicseeker The nation is not even vaguely CLOSE to bancrupcy. Not in the same UNIVERSE. Our debt is NOT a major problem, does NOT threaten our nation in any way. This LIE is cooked up for one reason, to give the right an excuse to further gut vital programs that are already desperately underfunded.
Harrison
@chicseeker Capitalism cannot be “corrupted”, it is essentially corrupt. The concept is immoral on its fact.
Ricky
@chicseeker Gee, I’m heartbroken, increasing taxes on the wealthy means they have less to hoard. How sad. The phony baloney “consequences” you talk about lead to the sick, immoral system we have NOW where the rich get richer as millions have no home, not enough to eat, no decent health care and the RICH get your sympathy and more tax cuts.
Bradley
@PrisonerNumber9653 worried about debt? RAISE TAXES. Simple, a 2 year old can get it
Major
@PrisonerNumber9653 capitalism can be corrupted but it not essentially corrupt, its a concept of just being able to personally build your own wealth, thats pretty greedy but cmon lol lets be real
Zack
The more debt you have the wealthier you are? How does that make sense to him? So if you file for bankruptcy (excuse me, THE NATION) after so much debt what does he think that means??
Stacey
I really hope that Representative Stark had a reality check. When has debt ever been a measure of wealth? Is it not a measure of the lack of wealth? I recall that Pete Stark has not studied economics at all! A law degree does not carry an economic degree with it. Here is hoping that things have changed. Otherwise it is time for an anti-incumbency movement to destroy this corrupt politician. The worst part is that he was born in Wisconsin where I’m from. Sorry California…
Suzanne
Pete Stark has always been is and shall ever be the biggest condescending ***** that has ever walked the face of this Earth.
He is a puppet just like all the other criminals that we call our leaders…
It is a disgrace that we sit by and do nothing about the ultimate act of treason which occurred in 1913 when Woodrow Wilson signed the Federal Reserve Act into law… This law gives power to a few men to create and control the money…
Laws are academic to these few men.