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Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
Hard right is out for anything that would make the current administration look bad. Even if it contridicts with their values, goals, what's-good-for-the-country, etc.
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
As usual, you ask all the wrong questions.
What makes you believe you can continue to spend $1.5 TRILLION or more each year that you don't have indefinitely?
Pray tell, who on this Earth is going to continue to fund your reckless child-like candy-store spending spree?
Your unfunded liabilities are $108 TRILLION through 2050. You don't have the money, where will you get it?
Your unfunded liabilities at the municipal/State level are $94 TRILLION through 2050. Where will you get that?
I believe we need to start to 'right the ship' and prove to to the rest of the world that we're taking our debt seriously. Making too large of an initial cut could be as destructive as not taking any action at all, since it would impact federal and state budgets across the board, killing jobs and lowering revenues.
However, sitting on our hands and letting the debt grow is shaking the faith of international investors. If they think they only way out for us is to turn on the printing presses or think we will continue blissfully down the road of $1.5 trillion annual deficits, our lenders will cut us off.
I favor a gradual budget decrease that will reign in spending slowly to avoid rocking the boat domestically while increasing goodwill with our lenders worldwide. I also favor the balanced budget amendment, which I think could go into effect by the end of the decade if DC could put their partisan bickering on hold and do what needs to be done.
Hard right is out for anything that would make the current administration look bad. Even if it contridicts with their values, goals, what's-good-for-the-country, etc.
So you're saying we can get the money to pay for all of this?
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
Oh... no... spend trillions upon trillions that we don't have and tax the liven bejesus out of us....that would surely be the left wing solution. And...wall street sure likes it.
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
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And...wall street sure likes it.
