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A Feminist Economist Speaks Out: Deficits are a Grrrl’s Best Friend
Ms. Magazine ^ | July 14, 2011 | Susan F. Feiner

Posted on 07/17/2011 2:43:12 PM PDT by Koblenz

Listen up, sisters! Deficit hawks will eat your lunch, your kids, your jobs and your retirement.

An economy without a deficit is like a fish without water. Reducing the U.S. federal deficit will make unemployment and poverty worse–way worse. And that means that women’s economic condition will deteriorate even further.

Today’s deficit hawks (and way too many Democrats are flying with this flock), fundamentally and deliberately misinform by insisting on a fictional symmetry between private sector (household and corporate) bookkeeping and the U.S. federal debt.

(Excerpt) Read more at msmagazine.com ...


TOPICS: Business/Economy; Government
KEYWORDS: economist; feminism; feminist
This is one of the more absurd things I have read recently. What's really sad though is that the author of this piece isn't just some journalist at Ms. She's an economics professor.

So if deficits don't matter, why tax at all? And has this person seen what happened in Zimbabwe?

This is what feminists really believe? Because it's really removed from reality.

I think this article can best be summed up by three words:

MATH IS HARD

1 posted on 07/17/2011 2:43:20 PM PDT by Koblenz
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Comment #2 Removed by Moderator

To: Koblenz

Her motto is “Charge it”!!!!


3 posted on 07/17/2011 2:48:28 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: Koblenz

I don’t understand how a person this stupid can even use a keyboard.


4 posted on 07/17/2011 2:49:58 PM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: Koblenz

“So if deficits don’t matter, why tax at all?”

I believe in their minds, taxing the wealthy has nothing to do with the deficit. Their objective is to redistribute the wealth to the poor through increased spending.


5 posted on 07/17/2011 2:50:33 PM PDT by rwa265 (Christ my Cornerstone)
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To: Koblenz

Is this for real?


6 posted on 07/17/2011 2:54:05 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Koblenz

This is what the world looks like to people who wear glasses that are missing one lens. They only see half the picture (namely the half that looks at actual value created, as opposed to only looking at money.


7 posted on 07/17/2011 2:59:21 PM PDT by Maceman (Obama: As American as nasei goreng)
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To: freekitty
Is this for real?

Afraid so. Here is the bio of the authoress:

Susan F. Feiner is director of Women and Gender Studies at the University of Southern Maine, Portland Maine, and professor of economics. Feiner is editor or co-editor of several books including Race and Gender in the American Economy, Radical Economics, and Out of the Margins. Her most recent book Liberating Economics: feminist perspectives on families, words and globalization (University of Michigan Press) was named an "Outstanding Academic Title" by Choice Magazine. She has published widely in several fields including economic education, the political economy of slavery, and feminist economics. Her publications appear on journals including Gender and Society, The Journal of Economic Education, The Cambridge Journal of Economics, and Feminist Economics. She received her PhD in economis from the University of Massachusetts in Amherst, Massachusetts USA.

8 posted on 07/17/2011 3:00:48 PM PDT by Koblenz (The Dem Platform, condensed: 1. Tax and Spend. 2. Cut and Run. 3. Man on Man)
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To: Koblenz

“Economics Professor”

That’s all you need to know.


9 posted on 07/17/2011 3:01:38 PM PDT by Freedom4US
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To: Koblenz

I wonder how many graduates with degrees in Women and Gender Studies are actually employed today? BTW shouldn’t that be “Womyn”?


10 posted on 07/17/2011 3:03:56 PM PDT by Huskrrrr
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To: Maceman

This woman is missing both lenses, and she has patches over both eyes.


11 posted on 07/17/2011 3:04:13 PM PDT by Koblenz (The Dem Platform, condensed: 1. Tax and Spend. 2. Cut and Run. 3. Man on Man)
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To: Koblenz
An economy without a deficit is like a fish without water.

No wonder feminism isn't catching on.

There are WAY too many woman that can actually think!

12 posted on 07/17/2011 3:07:10 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Koblenz

” Deficits are a Grrrl’s Best Friend “

How *interesting* (in a freudian slip sense) that the author should choose to misquote the song title “Diamonds are a Girl’s Best Friend” - which was sung by Marylin Monroe (the ‘anti-feminist’) in the movie “Gentlemen Prefer Blondes”.....

Just sayin....


13 posted on 07/17/2011 3:07:52 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Koblenz

Ms. Magazine: stalwart defender of women dehumanized by islam everywhere. Hear them roar?


14 posted on 07/17/2011 3:08:45 PM PDT by onedoug (If)
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To: gibsosa

Exactly and I’m one also. I can count and do math and know that just because I have mor checks does not mean I can keep writing them....


15 posted on 07/17/2011 3:11:38 PM PDT by chris_bdba
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To: gibsosa

Exactly and I’m one also. I can count and do math and know that just because I have more checks does not mean I can keep writing them....


16 posted on 07/17/2011 3:11:47 PM PDT by chris_bdba
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To: All

wow...


17 posted on 07/17/2011 3:12:18 PM PDT by Maverick68
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To: Koblenz

“An economy without a deficit is like a fish without water.”

I think she meant bicycle, not water.


18 posted on 07/17/2011 3:12:50 PM PDT by SuzyQue
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To: Psycho_Bunny

Wewll my cat can use a keyboard and probably makes more sense than this one does at times....


19 posted on 07/17/2011 3:12:59 PM PDT by chris_bdba
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To: Psycho_Bunny

Well my cat can use a keyboard and probably makes more sense than this one does at times....


20 posted on 07/17/2011 3:13:09 PM PDT by chris_bdba
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To: Koblenz

Cringeworthy and horribly stereotypical.

Basically this is just a stereotypical airhead woman, giggling that she doesn’t understand any of that checkbook balancing business—she just knows shopping! Tee hee!


21 posted on 07/17/2011 3:16:08 PM PDT by denydenydeny (Rage all you want, looters & moochers, but the gods of the copybook headings are your masters now.)
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To: Freedom4US

Not true.

I’m an Economist by formal education and reject All that she postulates.

THe key thing to know about her is this:

She received her PhD in economis from the University of Massachusetts in Amherst, Massachusetts USA.

A more liberal college there never was.


22 posted on 07/17/2011 3:16:50 PM PDT by roaddog727 (It's the Constitution, Stupid!)
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To: Koblenz

She should be called a Marxist, not an economist. The old USSR was full of individuals teaching the principles of Marxism. The left in this country cannot be so direct. Instead of Marxists, we get feminist economists, labor economists, and government economists (even with Nobel prizes).

She is truthful on one level. The government has few restraints on creating dollars. With the dollar as the world’s reserve currency, we can pump the economy with money creation. Reducing government spending will create hardships in the short run.

Her unspoken assumption is that the world will continue to use the dollar as the reserve currency. The dollar will lose its status. It may not even be included in a weighted currency scheme. When the reserve status is changed, currency traders will attack the dollar with ferocity.

Her argument is essentially that the dollar will hold its value with almost no constraints on supply of dollars. Her argument violates the basic tenet of supply/demand that underlies economics. Inertia is keeping the dollar with purchasing power. However, there are strong forces acting on the world economy that will eventually overcome inertia. She is ignoring the gathering storm that will act to validate the law of supply and demand.


23 posted on 07/17/2011 3:17:25 PM PDT by businessprofessor
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To: Koblenz

Just wow. True ignorance...

For those who want to see the math, Karl Denninger over at the Market Ticker does a pretty good job of laying it out, showing how we have been scammed by both parties over the years...

http://market-ticker.org/akcs-www?singlepost=2626292


24 posted on 07/17/2011 3:27:40 PM PDT by RochesterFan
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To: Freedom4US
"Economics Professor”

That’s all you need to know.

Well, to be fair my Economics Professor in college had a PhD and very astute on what was going on and what was about to happen (just prior to the housing market downturn). His lesson plan was 180 degrees out from what this author stated. I tried several time to 'feel out' his political inclinations but he would resist letting it out. Found out later he was a conservative republican but didn't really know who to trust with that information.

25 posted on 07/17/2011 3:28:16 PM PDT by Traveler59 ( Truth is a journey, not a destination.)
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To: Koblenz
"...An economy without a deficit is like a fish without water..."

Wait! Wait! I thought an economy without a deficit was like fish without a bicycle!

Dang liberals, they have too many acronyms and analogies! I always complain that that they can't think up new slogans...

26 posted on 07/17/2011 3:31:58 PM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: Freedom4US

Actually, there are people like Thomas Sowell who has a degree in Economics, so that isn’t the issue. I think we need to look closer at the “gender studies” side to see where the moonbattery lies...


27 posted on 07/17/2011 3:33:39 PM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: SuzyQue

Hahah.....GMTA...


28 posted on 07/17/2011 3:34:57 PM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: Koblenz

So sorry. I couldn’t understand what she was saying. I don’t speak “Stupidb*tch”.


29 posted on 07/17/2011 3:38:47 PM PDT by constitutiongirl (The Truth is a Person.)
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To: Koblenz

Most of the comments are rippin’ her a new one!


30 posted on 07/17/2011 3:51:43 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: Traveler59

“... Didn’t really know who to trust..”

Yeah. I think my point (mostly) still stands. Unless one is content picking the specks out of the pepper.


31 posted on 07/17/2011 3:57:12 PM PDT by Freedom4US
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To: Freedom4US
“Economics Professor”

At first I thought this is satire. Then I saw that this was an economist. Then I realized that this must be one of those economist that is surprised when the economic results are published each month. Maybe this is one of the economists that has been advising Obama to just print more money.

32 posted on 07/17/2011 3:59:01 PM PDT by oldbrowser (They're socialists don't call them liberals)
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To: Koblenz

Really sad.


33 posted on 07/17/2011 4:01:02 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Koblenz
The author misses the part about somebody, somewhere actually putting the fruits of their labor into these debt obligations and perhaps, someday, expecting to retrieve those fruits with interest.

This meme is the one Marxists will use to steal all the "wealth" of the nation.

After all, wealth and money are artificial constructs anyway, used by the "rich" to exploit everyone else.

The truly alarming aspect of this thinking is that it is held by over 100 million people in the USA.

34 posted on 07/17/2011 4:03:44 PM PDT by Mariner (War Criminal #18)
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To: Koblenz
Here are the facts: U.S. government borrowing creates interest-bearing assets. The bonds are bought with dollars, the interest on them is paid in dollars and, at maturity, the bonds are paid off in dollars. Since the U.S. government is both sovereign in its own currency and the sole issuer of dollars, it can never run out of them. How could it?

We'll be so rich our wallets won't even be able to hold our money.

We will have money to burn.

We won't even bother to pick up what we drop.

Maybe we'll go full Zimbabwe so everyone can be trillionaires and quadrillionaires. Since Obama has already declared that millionaires and billionairs are evil, we'll just have to skip right over that. We'll be rich because we spend more than we have.

35 posted on 07/17/2011 4:51:37 PM PDT by KarlInOhio (The Dems demanding shared sacrifice are like Aztec priests doing it while cutting out my heart.)
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To: Koblenz
Since the U.S. government is both sovereign in its own currency and the sole issuer of dollars, it can never run out of them.

This is a direct, knowing lie, doubly so by an economics professor. The Fed is private corporation that loans currency to the US at interest. THAT'S THE DAMN PROBLEM.

But she's a feminazi writing for NOW - what she lies about over economics is nothing compared to what she lies about over Islam. Women have never had such hate-filled, murderous enemies as what Leftist feminists actually are.

36 posted on 07/17/2011 5:27:29 PM PDT by Talisker (History will show the Illuminati won the ultimate Darwin Award.)
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To: Psycho_Bunny

I don’t understand how a person this stupid can even use a keyboard


Hence.....the average voter who brought us Obama.


37 posted on 07/17/2011 5:29:49 PM PDT by DefeatCorruption
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To: Koblenz

So, I’m guessing she voted R last cycle because each and every dem voted to NOT raise the debt ceiling while W was in office....


38 posted on 07/18/2011 1:50:34 AM PDT by esoxmagnum (The rats have been trained to pull the D voting lever to get their little food pellet)
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