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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (147998)	10/15/2004 10:17:20 AM
From: stockman_scott	Read Replies (1) \| Respond to of 281500

Kerry will have Robert Rubin advising him...And last time we had Rubin in a key position we got rid of the deficit and created a record surplus...Mr. Bush and his team have squandered that -- it was reckless to continue big tax cuts during a war...Warren Buffet (an Independent) is not endorsing Kerry by accident - he thinks our nation's finances are in BIG trouble and we need new leadership that is willing to make some tough choices. -s2@KerryWillHaveToCompromiseWithCongress.com

To: michael97123 who wrote (147998)	10/15/2004 10:46:26 AM
From: dumbmoney	Read Replies (1) \| Respond to of 281500

If this is true how would you describe kerry deficits--"deficits till the end of time". Bush did what he had to do to fight the war and prevent depression. Don't be naive. Bush does what is in his political interest, which is to promise a free lunch. More spending, lower taxes, everyone's happy. It's a basically "LIBERAL" strategy, which is why it's not criticized as much as it should be by the opposition. When you rap bush for the patriot act, you certainly wouldnt have rapped fdr for interning japanese americans if you were around then. The only people who still defend that are right-wingers.

To: michael97123 who wrote (147998)	10/15/2004 10:57:01 AM
From: GST	Read Replies (1) \| Respond to of 281500

<how would you describe kerry deficits> You are making this up. Kerry has not presided over massive deficits and is a far better candidate for fiscal responsibility than Bush.

To: michael97123 who wrote (147998)	10/17/2004 10:06:58 AM
From: jttmab	Read Replies (1) \| Respond to of 281500

When FDR did the same you would have praised him if you were around then. Not comparable. FDR was fighting a World War, the Global War on Terrorism is asymetric. Post WWII the defense budget dropped off sharply; I don't expect the Defense Budget/Homeland security budget to drop off sharply in my lifetime. More importantly, when you turn the clock back ~60 years. The US was, be far the greatest creditor nation in the world. Today the US is the largest debtor nation in the world and a significant portion of the national debt is foreign owned [interest on the debt is leaving the country] and the equities market is ~15% foreign owned [more wealth leaving the country]. 60 years ago, Social Security as a operating debt liability was the farthest thing from anyone's mind. Now we're looking at SS as an operating debt liability in ~10 years. We were also the greates manufacturing country in the world. Contrast trade deficits 60 years and what followed against what the trade deficits are now. It's a completely different economic picture. When you rap bush for the patriot act, you certainly wouldnt have rapped fdr for interning japanese americans if you were around then. Perhaps you're right. I would like to think that we've learned something from history. Does it follow that we shouldn't object to slavery because 200 years ago we had slavery? jttmab