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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (100017)2/16/2011 1:50:35 PM
From: grusum2 Recommendations   of 224724
 
Before Reagan, the debt as a % of GDP was declining rapidly.

GDP is a measure of consumption. if government borrows to spend/consume, it's no different than if you borrow to buy a hamburger. overall, borrowing to consume isn't healthy for an economy, including one's own. so even if GDP/consumption gets bigger than debt, it's still a bad thing if the rise in GDP is fueled from borrowing. i keep telling you this, and you keep ignoring it.

spending needs to come from savings for it to be good for the economy. borrowing to spend isn't sustainable. taxing to spend on 'do-good' programs isn't sustainable either. we need taxes to have a government, and we need a government, so i'm not against taxes. i'm against high spending and taxes for things that government wasn't meant to do.

socialism has been decaying this country for many years. the pace is just beginning to pick up.
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