WHAT!!!
And you think the Dems do?...they just turn on the printing presses and crank out as much $$$ as they need...we will soon be needing pick up trucks to haul the $$$ to the store in order to buy a loaf of bread....you need to put on your glasses
I've been watching this fiasco unfold for a decade and am all too aware of the source of the problem. It's not the Democrats other than in "me too" fashion (see Blue Dogs.) Nope, they are stuck with the mess that the Dubya and crew have made. The Dems are getting the blame for this massive deficit...the one that GOP policies created. (FDR faced the same thing during the Great Depression.)
If you actually do an analysis of the deficit it is the result of Dubya/GOP untax & spend like a drunken sailor policies. Folks like me saw this train wreck coming back in 2000/2001...because we can competently operate a calculator. (And I'm not even a Gore supporter.) Squandering another 8 years of Soc. Security "surplus" by undertaxing was complete idiocy. And what did the undertaxing accomplish in the way of stimulus? The lowest economic growth rate since the Great Depression and a giant bubble with perverse incentives to investors and companies that have ended up destroying wealth rather than creating it. Combine that with deregulation/no enforcement and here we are.
Dems and Republicans unfortunately cater to the free lunch inclinations of the nation at large. Americans, particularly conservative Americans, have been unwilling to pay their debts or pay as they go. Americans have convinced themselves that they should get all these services...AND not pay any taxes. It's insane and completely unsustainable. The "answer" has been to borrow and print money. So far, the Chinese are still lending.
Govt. has to pay off debts in good times, so that it can borrow in bad. The road to disaster lies in doing what conservatives have done: borrowing to the hilt in good times and bad. It could be worse, if current conservatives got their way we would cut govt. spending during a recession...and cause a depression.
At some point we have to start paying our current bills again and service our debt. Either that or we have to start eliminating services. If we do start eliminating services I vote that we eliminate Soc. Security and Medicare for those 65-80 first (keep it available for those reaching those ages in following years.) They are the ones who've been taxing later generations for the past few decades keeping their own income taxes down while using their kids/grand kids' soc. security contributions to pay their unsustainable lifestyles. They are pulling out far more than they put in, so let them reap the benefits of their short term thinking. If paying for private health insurance and living off our own earnings/savings is good enough for the rest of us, why not for them to?
(The party of "no" as in no solutions, no plans, and no idea how to run a govt. or balance a checkbook.)
