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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (113516)	6/16/2009 12:14:19 PM
From: Steve Lokness	Respond to of 541824

Works for me. But I am one of the few relatively calm, satisfied people on SI nowadays. As I am. I have said many times I support Obama's stimulus plan. I have supported it from the left and the right. But whereas I find Krugman's thinking dangerous (alas read that 2002 editorial!), I think listening to the Austrians would be helpful. Helpful because? Because we are not at an endpoint, we are in the middle of our economic life. As soon as you or anyone else can explain away our debt in a way that assures a positive outcome, I'm all ears. But until that problem is addressed - we don't know the end point. We saw what happened when the banks and people took on too much debt - what makes you think that somehow the outcome for our government will be different? We continue to live for today by borrowing from tomorrow. steve