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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (50201)	2/8/2009 7:15:27 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 149317

G: IMO I see big ticket items like health care, social security, infrastructure and taxation as an integral part of recovery and sound economic growth for the future. I think they are related and without making big changes we are simply setting us up for another nasty bubble this time based on government spending in the form of bailouts and outright shopping. We have bubbles about twice a decade and we are running out of ammunition to deal with them. V: They are related G inasmuch as they all have claims on the same pot of money. The question for me, (and I do not have enough information on this question coming back to me from the politicians) is: What the impact of these claims will be on our fiscal future vs. our abilty to pay the borrowed money back? To me, we're trying to redo everything financially without any forethought to this latter question. If the bailout doesn't work we are, IMHO, sunk. We are in essence in default land and will be in no position to help anyone do anything. Iceland. Therefore, the first priority is to keep the economic engine running and after that we can argue about whether it can support a social safety net, and if so, how much of one. G: We may not have another opportunity to have the political will (based mostly on economic terror) to make these really big structural changes to our economy. We cannot afford to miss this opportunity now. V: As my reasoning above goes---we can afford to miss them if we get the engine running first. We are absolutely worried about the same things G. I just see a limit to what the government can effectively afford to do right now.