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

To: Steve Lokness who wrote (130228)	2/5/2010 1:21:08 PM
From: Jeff Hayden	Read Replies (1) \| Respond to of 542908

"My position, which should be clear from my opening comment, is that Krugman is right." Then I challenge you the same I challenge krugman; how do you pay for it...? Good grief! When the economy gets off the ground again, taxes will be collected and the inevitable inflation will pay off the debt faster than you may think. I don't know why you're so worried about the debt. We just need to get this country moving again. I worry much more about getting people back to work; and the jobs we have allowed to be sent out of the country.

To: Steve Lokness who wrote (130228)	2/5/2010 2:53:13 PM
From: JohnM	Read Replies (1) \| Respond to of 542908

Steve, I thought we had fairly well established that we disagreed on this issue. And that it didn't make much sense to keep pursuing it. I completely agree with the Krugman argument in that piece, including the notion that the interest on the debt can be handled with the caveats that he mentions. His argument is that the deficit issue, short term, is manageable and thus we need to pay attention to bringing the economy back. Which would help the deficit no end, since some rather large portion is due to the decline in economic activity. He argues that the debt is a big long term issue and offers ways to handle it. He's not a "head in the sand" kind of guy.