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A comment on Wall Street Banks Warn Downturn Is Coming. Parent comment

Re:Wall Street Banks Warn Downturn Is Coming by jacquesm on Wednesday August 23, 2017 @05:07PM (#15085155)
Cutting taxes more or less automatically results in increased spending.
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Re:Wall Street Banks Warn Downturn Is Coming by pja on Wednesday August 23, 2017 @05:12PM (#15085221)
Not if the tax cut is used to pay down debt, or is "saved" by buying government issued securities. Neither of these result in more economic activity.

Sounds an awful lot like the post 2008 environment, no?

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Re:Wall Street Banks Warn Downturn Is Coming by gozur88 on Wednesday August 23, 2017 @05:33PM (#15085391)
That's not really true. If you maintain the same level of spending but cut taxes, you're going to get money going into the economy. When those government issued securities are bought, for instance, there's someone on the other end of that transaction that now has money.

The real problem with the 2008 recession is monetary stimulus doesn't really work.

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Re:Wall Street Banks Warn Downturn Is Coming by zbyte64 on Wednesday August 23, 2017 @11:58PM (#15087485)
As long as you don't cut services along with those taxes.
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