Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Seems to me the Democrats you guys are blaming learned their lessons from the Republicans that preceded them. Where were you guys when Bush spent a trillion on war and doubled the debt? Your failure to stop him pretty much left Obama a blank check to do it even more.
But, what difference does it make when the economy is a sham and has been a sham for decades? Its collapse will be painful for most everyone, but, really, what good does blaming do now? The signs were in place as far back as Nixon. Will it make you feel better that you picked the right side to blame when you're homeless and starving?
Face it, the economy's collapse, while scary, is necessary. It is currently unsustainable. Do we really want to pay off those debts for all eternity?! Better to start creating what comes next. That's a much better way to expend energy. Let's hope we don't make the same mistake...again.
The guy knows what is going down. The pedal is to the metal, folks! Get ready for one hell of a ride. I hope you got your seatbelts on and your brain bucket strapped on tight.
Yes, but notice one key thing he said: "over the medium term." In other words, not in the short term. He's saying what could happen if we don't get a hold of the situation in the longer run.
Take a look at this other quote from Bernanke not too long ago:
Quote:
"We have a recovery under way now. So, in the very near term, increased taxes, cuts in spending that are too large would be a negative, would be a drag on the recovery," Mr. Bernanke said. "At the same time, we need to convince markets that in the medium and longer term we have a sustainable fiscal path."
We absolutely need to get a handle on the deficit and not get to a position like Greece is in; there is no question about that. Bernanke fully agrees on that point. But the question of exactly when to start putting on the brakes and how much is a complex question subject to intense debate - and a subtlety that seems to be entirely lost on many of the right wing.
LMFAO. Yeah, the GOP has shown restraint on fiscal matters. Get real. They're called Republicrats for a reason; they both enjoy spending your money.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
