Minnesota government shutdown begins after talks fail.

[Byte Stryke]

ya know... I don't have a PHD in economics, I am by no means a political science major and I have never held a public office. But I honestly don't believe it takes any of that to get us out of this mess, as a matter of fact I think its the over-complication of all of this that got us here.

If you dont have it, dont spend it!

Who in the fuck decided "deficit spending" was OK?

"Hey Honey, I was just laid off and have no foreseeable employment, Lets go buy a car!"



It's high time to tighten the belt and trim the fat, I suggest we start at the top.

[SA Friday]

Who in the fuck decided "deficit spending" was OK?

George Washington did at the urging of Alexander Hamilton. The Federal Government took all states outstanding debts at the end of the Revolution War and incurred a deficit to develop an international credit rating. Then the Federal government took loans out with various countries to use in development. Jefferson was adamantly against this plan, but Washington was essentially for developing a strong Federally centric Government. Hamilton also established the first Federal banking system and bank at the same time this was all happening.

So, the short answer to your question is: blame Alexander Hamilton.

[Hoosier]

George Washington did at the urging of Alexander Hamilton. The Federal Government took all states outstanding debts at the end of the Revolution War and incurred a deficit to develop an international credit rating. Then the Federal government took loans out with various countries to use in development. Jefferson was adamantly against this plan, but Washington was essentially for developing a strong Federally centric Government. Hamilton also established the first Federal banking system and bank at the same time this was all happening.

So, the short answer to your question is: blame Alexander Hamilton.

Glad to see some people paid attention in Civics.

H.

[Anton]

Glad to see some people paid attention in Civics.

H.

They don't teach any of that in Civics. SA Friday is obviously just well read.

[Irving]

They don't teach any of that in Civics. SA Friday is obviously just well read.

THIS!

[hkOrion]

George Washington did at the urging of Alexander Hamilton. The Federal Government took all states outstanding debts at the end of the Revolution War and incurred a deficit to develop an international credit rating. Then the Federal government took loans out with various countries to use in development. Jefferson was adamantly against this plan, but Washington was essentially for developing a strong Federally centric Government. Hamilton also established the first Federal banking system and bank at the same time this was all happening.

So, the short answer to your question is: blame Alexander Hamilton.

Irony here, I'm reading his biography and the author stated that people would blame him for the current state of the banking system. ROFL.

[SA Friday]

Irony here, I'm reading his biography and the author stated that people would blame him for the current state of the banking system. ROFL.

Ya, it's obviously more complicated than that. Jeffson actually wiped out the entire deficit during his time in office. His predecessors then reinitiated deficit spending. I think one can make a very solid case that without the the initiial thredsetting by Hamilton to incur and carry a national deficit, the Jefferson led influences of a balanced budget would have been more prominent and dominated current national finance philosophies.

Any creation period is an unstable time. Our countries was no different. Even after more than 200 years, we seem to still be divided in what theologies should dominate.