hate to clue you in chief, but shrinking the economy is what put us into this debt. Taking two different economic booms from democratic president's legacies, and shrinking the economy by redirectioning all funds towards tax cuts (for the wealthy only), thats what destroyed out economy.
When the economy grows, like it is right now, and we hold that growth steady and stable, the debt will shrink.

The more money we have to tax in the economy, the more taxes we haul in, the more we can pay off the debt. The only way we can pay off the debt is by having a strong economy that can afford to pay it off.
And guess who is giving us that strong economy? Barack Hussein Obama II.



Republican strategy is to assume we're on a sinking ship even when we've got 3% annual growth, record profits for businesses, record profits for farmers, rapidly dropping unemployment claims and a strengthening dollar.
So no, we don't need to take $500 billion dollar cuts to Medicare and $133.5 billion from food stamps and let our poor people starve and sicken to death, in fear of an imaginary economic collapse that isn't happening.
Hey, at least the "shovel the poor people into the burners to keep us warm" approach at least made sense when in a depression, if it was totally unethical, but it doesn't make a lick of sense in a strong economy

Because the government made those banks give out bad loans. So much for the party of personal responsibility.

Keynesian economics would tell you if we are in a growth it's the best time to start cutting deficits.

Are you an Austrian?

It was a government policy to forge signatures on housing loans, approve usury rates without even looking at applications, and triple and quadruple resell duplicate claims to collection agencies?
Nope, that was a lack of government policy, a lack of regulation. Don't you like that word, "regulation"? Like when the banks aren't regulated, and they dig themselves into a hole, and take us all down with them?




Keynesian economics says that the growth itself cuts deficits.
More growth = more tax income = debt reduction.

Keynesian economics sure as hell doesn't fucking say to hobble a growing economy by pulling all the guts out of it and sell our children to the chinese in payment
It says to grow the economy, and when the economy grows, it will reduce the deficit.
The economy is growing right now. In as little as 3 years, we're going to see dramatic reductions to the deficit because of it
In as little as 15-20 years, we could be entirely debt free, with a national surplus


But that ain't gonna happen if we take away our economic growth, like the republicans are attempting

This post was edited by Goomshill on Mar 29 2012 07:18am

No, if you totally leave the banks alone they will grow their own morality!

ALL HAIL THE INVISIBLE HAND!

ALL HAIL LORD ENRON, PATRON SAINT OF UNREGULATED RESPONSIBILITY
Kill the infidel great satan "Bernanke", who says we should stop banks from issuing sub prime mortgages and forging loans and triple/quadruple selling debt illegally!
Regulations stand in the way of the recovery! Say it with me now! Regulations limit economic growth! Regulations limit economic growth! We should be allowed to blow economic bubbles! Because that 'grows' the economy! Right?! Bubbles are a form of growth!

This post was edited by Goomshill on Mar 29 2012 07:21am

So the republican plan that assumes that Obamacare stands, despite the republicans stating they'd repeal Obamacare if elected, then guts it anyway, and basically cutting all government social programs entirely, is more 'realistic' than assuming the economy will grow at 3% annually?
Which is what the economy is growing at right now?

I don't see how something that is totally fantasy and has zero chance of ever occurring is more realistic than something that has already occurred and is occurring right now.

This post was edited by Goomshill on Mar 29 2012 07:26am

...if one combines the bolded with your claim that we are in a boom economy with a sufficient growth rate it becomes clear that you are simply trolling .

Well the private sector needs to pick up the slack and step their game up.
We should definitely transition from public to private for the things that the private does better, only when firms in the private sector are willing and able.