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sonicmerlin
join:2009-05-24
Cleveland, OH

sonicmerlin to Bit00

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to Bit00

Re: Gov't and clear goals don't belong in the same sentence

Our national budget is in such debt precisely because the government has to fix the horrible situation created by the completely irresponsible deregulation of various industries by the Bush administration.

If you knew anything about Keynesian economics you would understand why the government has to pass these stimulus funds to jolt our economy out of the gutter.

On the flip side, once the economy recovers Democrats are much more likely than Republicans to be fiscally responsible.

Even if corporate profit is "earned" (cough monopolies cough), all that profit is essentially a DRAIN on our economy. The money isn't spent. It simply goes into offshore bank accounts where it becomes some sort of rainy day fund for the corporation, or pads rich people's coffers. Every dollar that the government spends actually goes back into the economy, even creating jobs and the like.

The most efficient scenario are for little government interference while corporations make zero profit overall. However, history has shown time and time again that this never happens. When the government lets rich people run amok, they abuse their power.

Bit00
Premium Member
join:2009-02-19
00000

4 edits

Bit00

Premium Member

Wrong, the government debt was $10,000,000,000,000.00 LONG before there was any hint of a recession and both Republican and Democratic Congresses contributed hugely to it every year. Recession or not, Obama and the Pelosi politburo had their agenda to spend hundreds of billions, he said as much during the campaign, long before the state of the economy reached what it did around the time of the election.

And doubling that debt to $20T won't do anything but cause hyper inflation.

You can't "stimulate" yourself out of recession nor borrow yourself out of debt. The 1930's proved that. And even considering WWII spending, we were in a much better position before and after in terms of debt control and within a few years after WWII, national debt after a percentage of GDP was cut sharply. Obama has ZERO plan to cut spending, NONE, and the CBO projects Obama to DOUBLE our national debt in just 10 years and ever INCREASING deficits. Yeah, he will double in just 10 years a debt that took 30 years to make.

What we had 2 or 3 years of surpluses under a Republican controlled Congress with Clinton over the last 30 years.

The track record or fiscal irresponsibility of both parties is well established. You are a fool if you think for a second that Obama and the Pelosi politburo would actually cut spending, under ANY circumstance. They are the party of government engorgement and make fiscal liberal Bush look like a piker when it comes to deficits.

You want to see Obamanomics? Just look at California. We have been practicing hard core Obamanomics for about 10 years now with it's origins starting with the state employee unions gutting the Gann limits.

Obama will have America insolvent by the end of his first term if he doesn't knock off the pure pork spending 'cause the Chinese are close to done loaning us money for liberal largess.

You will NEVER have fiscal responsibility when you have a single party controlling the legislature and executive branch, Dem or Rep. Only when you have opposition will have have any remote chance of restrained spending.

We NEED government gridlock.