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August 17, 2011 at 9:08 AM #721489August 17, 2011 at 9:43 AM #720293afx114Participant
I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “
August 17, 2011 at 9:43 AM #720385afx114ParticipantI read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “
August 17, 2011 at 9:43 AM #720983afx114ParticipantI read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “
August 17, 2011 at 9:43 AM #721141afx114ParticipantI read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “
August 17, 2011 at 9:43 AM #721504afx114ParticipantI read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “
August 17, 2011 at 9:52 AM #720308blahblahblahParticipant[quote=afx114]I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “[/quote]
The opposite is true of Sullivan’s audience.
August 17, 2011 at 9:52 AM #720400blahblahblahParticipant[quote=afx114]I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “[/quote]
The opposite is true of Sullivan’s audience.
August 17, 2011 at 9:52 AM #720998blahblahblahParticipant[quote=afx114]I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “[/quote]
The opposite is true of Sullivan’s audience.
August 17, 2011 at 9:52 AM #721156blahblahblahParticipant[quote=afx114]I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “[/quote]
The opposite is true of Sullivan’s audience.
August 17, 2011 at 9:52 AM #721519blahblahblahParticipant[quote=afx114]I read a good quote on Andrew Sullivan’s blog today: “Best way to explain it is because Paul’s support is a mile deep and an inch wide. “[/quote]
The opposite is true of Sullivan’s audience.
August 17, 2011 at 10:05 AM #720318briansd1Guest[quote=ucodegen]
This is a bit of a strawman argument. Simply put, if we don’t pay off the bondholders, they will not lend to us or will charge us prorated based upon what the expected chance of default is. Want to see interest rates spike? Don’t pay off the bondholders. The Feds purchasing can’t counter market behavior, just dampen it out a bit. The Thai government tried to counter the devaluation of the Baht.. and lost badly.The real thing is that we need to live within our means. Blaming the bondholders for letting us borrow the money to buy the rope to hang ourselves with is stupid and childish.
To say that no borrowing should be done is wrong. During times of financial stress, the gov. should spend more (borrowing to do that). That also means that during times of good, the government should cut spending including on social services (paying back the loan). Problem here is that our government currently acts as a child who seeing a dollar, has got to spend it.
[/quote]I very much agree with you.
However, I was more specifically referring to the populism of the Tea Party.
The Tea Party has some anti-populist positions, IMHO. Paying bondholders ahead of Federal employees and beneficiaries, contractors, farmers, and everybody else is one such non-populist view.
Another non-populist view of the Tea Party’s is to give a free pass to the banks for the bailouts they received. Granted, the Tea Party is against bailouts. But now that they bailouts have happened, the Tea Party is against taxing the banks to recover the money. So the banks essentially got a free ride.
The Tea Party claims to be the party of working middle-class Americans. I don’t see how average Tea Party adherents reconcile Tea Party positions to their own populist anger.
August 17, 2011 at 10:05 AM #720410briansd1Guest[quote=ucodegen]
This is a bit of a strawman argument. Simply put, if we don’t pay off the bondholders, they will not lend to us or will charge us prorated based upon what the expected chance of default is. Want to see interest rates spike? Don’t pay off the bondholders. The Feds purchasing can’t counter market behavior, just dampen it out a bit. The Thai government tried to counter the devaluation of the Baht.. and lost badly.The real thing is that we need to live within our means. Blaming the bondholders for letting us borrow the money to buy the rope to hang ourselves with is stupid and childish.
To say that no borrowing should be done is wrong. During times of financial stress, the gov. should spend more (borrowing to do that). That also means that during times of good, the government should cut spending including on social services (paying back the loan). Problem here is that our government currently acts as a child who seeing a dollar, has got to spend it.
[/quote]I very much agree with you.
However, I was more specifically referring to the populism of the Tea Party.
The Tea Party has some anti-populist positions, IMHO. Paying bondholders ahead of Federal employees and beneficiaries, contractors, farmers, and everybody else is one such non-populist view.
Another non-populist view of the Tea Party’s is to give a free pass to the banks for the bailouts they received. Granted, the Tea Party is against bailouts. But now that they bailouts have happened, the Tea Party is against taxing the banks to recover the money. So the banks essentially got a free ride.
The Tea Party claims to be the party of working middle-class Americans. I don’t see how average Tea Party adherents reconcile Tea Party positions to their own populist anger.
August 17, 2011 at 10:05 AM #721008briansd1Guest[quote=ucodegen]
This is a bit of a strawman argument. Simply put, if we don’t pay off the bondholders, they will not lend to us or will charge us prorated based upon what the expected chance of default is. Want to see interest rates spike? Don’t pay off the bondholders. The Feds purchasing can’t counter market behavior, just dampen it out a bit. The Thai government tried to counter the devaluation of the Baht.. and lost badly.The real thing is that we need to live within our means. Blaming the bondholders for letting us borrow the money to buy the rope to hang ourselves with is stupid and childish.
To say that no borrowing should be done is wrong. During times of financial stress, the gov. should spend more (borrowing to do that). That also means that during times of good, the government should cut spending including on social services (paying back the loan). Problem here is that our government currently acts as a child who seeing a dollar, has got to spend it.
[/quote]I very much agree with you.
However, I was more specifically referring to the populism of the Tea Party.
The Tea Party has some anti-populist positions, IMHO. Paying bondholders ahead of Federal employees and beneficiaries, contractors, farmers, and everybody else is one such non-populist view.
Another non-populist view of the Tea Party’s is to give a free pass to the banks for the bailouts they received. Granted, the Tea Party is against bailouts. But now that they bailouts have happened, the Tea Party is against taxing the banks to recover the money. So the banks essentially got a free ride.
The Tea Party claims to be the party of working middle-class Americans. I don’t see how average Tea Party adherents reconcile Tea Party positions to their own populist anger.
August 17, 2011 at 10:05 AM #721166briansd1Guest[quote=ucodegen]
This is a bit of a strawman argument. Simply put, if we don’t pay off the bondholders, they will not lend to us or will charge us prorated based upon what the expected chance of default is. Want to see interest rates spike? Don’t pay off the bondholders. The Feds purchasing can’t counter market behavior, just dampen it out a bit. The Thai government tried to counter the devaluation of the Baht.. and lost badly.The real thing is that we need to live within our means. Blaming the bondholders for letting us borrow the money to buy the rope to hang ourselves with is stupid and childish.
To say that no borrowing should be done is wrong. During times of financial stress, the gov. should spend more (borrowing to do that). That also means that during times of good, the government should cut spending including on social services (paying back the loan). Problem here is that our government currently acts as a child who seeing a dollar, has got to spend it.
[/quote]I very much agree with you.
However, I was more specifically referring to the populism of the Tea Party.
The Tea Party has some anti-populist positions, IMHO. Paying bondholders ahead of Federal employees and beneficiaries, contractors, farmers, and everybody else is one such non-populist view.
Another non-populist view of the Tea Party’s is to give a free pass to the banks for the bailouts they received. Granted, the Tea Party is against bailouts. But now that they bailouts have happened, the Tea Party is against taxing the banks to recover the money. So the banks essentially got a free ride.
The Tea Party claims to be the party of working middle-class Americans. I don’t see how average Tea Party adherents reconcile Tea Party positions to their own populist anger.
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