Why when presented with evidence supporting claims that this mess started with Clinton you come up with nation debt issues?
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Well a lot of this discussion, by which I mean the national dialogue of turmoil and bailout (not specifically this thread) seems to focus on issues of cost to taxpayers.
[quote=jficquette]
Why can’t democrats stick to issues and facts rather then try to cloud them?
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I am a liberal. My party affiliation is incidental (and could change). There have been several occasions where republicans were closer to my line of thinking. So I really cannot speak to your anecdotes regarding democrats. Based on your descriptions, you would think that a maverick and bipartisan Republican (which is a fair description of McCain) would be more successful. However, democracy does not favor you.
[quote=jficquette]
Urban do you think an Obama, Pelosi, Reid led country will actually balance the budget as he claims?
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I don’t know.
But a white trash, Bible-thumping, southern liberal did it. It is true, he was a Rhodes scholar, but its not like he was a some ivory tower intellectual. He was just good at figuring stuff out and acknowledging his weak points and listening to adverse opinions.
On that same topic I don’t think it is reasonable to hold a chief executive as innocent and absent from the performance of the nation. Clinton was not along for the ride any more than the Bush administration was.
[quote=jficquette]
Do you really even care that the budget is balanced?
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As an abstract concept? No,not at all.
What I care is that the burden of debt service not become so cumbersome that we have to print our way out. I think it unlikely that we will ever need to monetize our debt (ala Latin America in the ’80s or Zimbabwe now) but I do fear that we will see damaging inflation or increase in the cost of borrowing as a result of being over-leveraged or reduced ability to use fiscal policy as a result of enforced fiscal conservatism.
I think that these are reasonable concerns.
Best example: Japan during the 90’s.
[quote=jficquette]
