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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (316928)	12/22/2006 7:56:14 AM
From: RetiredNow	Read Replies (2) \| Respond to of 1577124

He's an apologist for deficits. I don't like it, but I can understand the bitterness behind his sentiment. If someone works hard to get us to a surplus, the next President might squander it. That's an awful truth. The real solution isn't to have a gentlemen's handshake that we will pay as we go. Instead, it is to pass a LAW that states that we cannot spend more than 90% of the previous year's tax revenues. If there is a surplus in the current year, then that surplus should be legally mandated to pay down the debt. That would ensure at least some fiscal responsibility. These deficit spending apologists are part of the problem, not a part of the solution.

To: Road Walker who wrote (316928)	12/26/2006 8:37:37 PM
From: tejek	Respond to of 1577124

Now that the Democrats have regained some power, they have to decide what to do. One of the biggest questions is whether the party should return to Rubinomics — the doctrine, associated with former Treasury Secretary Robert Rubin, that placed a very high priority on reducing the budget deficit. The answer, I believe, is no. Mr. Rubin was one of the ablest Treasury secretaries in American history. But it’s now clear that while Rubinomics made sense in terms of pure economics, it failed to take account of the ugly realities of contemporary American politics. You know......he's on to something here. Any cuts in the budget; any raising of taxes, the GOPers will scream bloody murder. I am as fiscally conservative as the next person but these are not normal times.