I watched Barry last night for that 1 hour and change speech last night and came away with a couple thoughts - every senator and representative that has been in office over the last 20 years or more should retire in shame and forego his pension and entitlements, (new ones can stay but only 2 terms each) and Barry needs some serious Wade psuedoeconomics.
I mean how many of these clowns actually understand the basic principles of balancing a checkbook. Every Government agency should get an 80% budget until we're out of this shithole & taxes should be increased until we're out, but with that tax increase every citizen get's a free trip to D.C. on Barry's new high speed rail system to give his politician of choice a kick in the nuts.
I turned the channel after watching that shit for an hour and a half realizing none of these fools has any intention of doing a fucking thing; besides, the history channel had a show on the antichrist last night - I wish that asshole would hurry the fuck up already.
"DakotaT" wrote:
Imo, it would be smarter to just build up the debt right now. You have to get out of this slump. I vote left on the political spectrum and have been called a communist on this board quite a few times (in jest), but at this point, you have to lower taxes (for everyone, not only the rich) and pump money into the economy.
You'll have a deficit. That's pretty much unavoidable in an economy that's as down as this one and you try to keep it running.
Then, when we finally get out of this crap, you put taxes up by quite a bit and start saving some of that money that you get in and pay off debts. It's vital to get a surplus going, as that money will come in quite handy when your economy goes down the drain again.
Next to that, the next time, it shouldn't crash as hard.
Problem is, politics are a popularity contest. As soon as the economy is up, we don't want to pay more taxes, we want to enjoy our wealth. Spend money on crap we don't actually need. Buy things we can't afford. And, if they can get the votes, the politicians gladly move along.
In a couple of years, we'll end up in the same hole as we're in now, everyone pointing out how the government failed in hindsight.