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Politics : American Presidential Politics and foreign affairs
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To: LLCF who wrote (70852)10/18/2014 2:28:45 PM
From: i-node1 Recommendation

Recommended By
greatplains_guy

  Read Replies (2) of 71588
 
>> just like a household, you save when times are good, and run deficits during recessions

We don't run deficits during recessions. We run deficits 24/7/365, deficits which are unsustainable in the intermediate and long term. Deficits that are unsustainable, according to CBO due to four specific causes:

a) Medicare
b) Social Security
c) Obamacare Subsidies
d) Interest on the Debt

Nothing else matters.

(a), (b), and (c) are liberal social programs that are in various states of failure yet the Left refuses to allow them to be addressed, and will crucify politically any person who attempts to address them.

Now, it is a fact that idiotic government spending programs like "the Stimulus" add to deficits and provide little benefit in exchange. But one could argue that such stimulus measures COULD be done competently. But the last time we tried it, that money was wasted on political payoffs and poorly targeted tax reduction measures.

As a result we increased our kids' debtloads by a trillion dollars and got literally nothing of value in exchange.

Okay, I'm moving on. This is a dumb conversation. You don't understand the issues enough to discuss it and I really don't have the time to burn on you. Good luck.
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