7:17 am, April 24, 2014

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  • Blame Game
    Mc
    Just this sentence: "In particular, Republicans paid a heavy political price for a pair of government shutdowns in the 1990s," alone points out that the left vs. right paradigm being thrown at us by the media is part of the problem. Fact is, unless we get our debt lowered and soon, it will be very soon when interest rates will have to rise (as they always do) in order to borrow more money. Greece and then Spain have found out what happens when you don't do anything but just sit there like an idiot bump on a log. I believe we're going to find out real soon as well. The U.S. currently has a higher debt-to-GDP ratio than even Spain. Another six months of this and we will be Greece (with the accompanying riots). Can you spell A-U-S-T-E-R-I-T-Y? Thats what will happen as the banks jump in like vultures on the American people.
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  • "The U.S. currently has a higher debt-to-GDP ratio ..."?
    FERS Fed
    That's what happens during, and after, going to war (or two). In the past, 'war taxes' were instituted to pay down the corresponding debt. But we can't have that now, can we? Instead, we simply must do something about our out-of-control 'entitlement' spending, right? ..... In 2000, the party in power was handed a prime opportunity to do something about the federal debt-to-GDP ratio when the federal budget began to produce surpluses. Did that party seize the opportunity to start paying down the federal debt to prepare the country for the long-predicted increased costs of the baby-boomer generation's retirement? Nope. That party decided to cut federal taxes not once, but twice, further enriching 1% of the population. ..... That same party now claims to be the 'party of fiscal prudence'. Right.
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