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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (23899)	10/20/2010 11:16:38 AM
From: Jorj X Mckie	3 Recommendations Read Replies (2) \| Respond to of 86355

I'm not happy with either party but before Bush was elected we had a budget surplus. That's a fact! We had a budget surplus because we were in a bubble during the Clinton years. I don't think that I need to explain why bubbles are not healthy even if they are fun for the short time that they exist. And when they pop, the government has a smaller tax base to work with. It's up to the government that is in power during the bubble to not go crazy with spending and to NOT increase the size of the government proportionate to the increased tax base. When the bubble popped our government should have let the economy recover naturally. Instead the brilliant decision to prop up the economy with real estate was made. Et voila' RE/Credit bubble. And this is something that can be laid at the feet of Barney Frank and Chris Dodd. Hell, even Maxine Waters will dive in there and brag about how she helped low income people get loans that they couldn't afford. GWB, for all of his flawed policies, fought them on the fannie and freddie stuff. I have not seen a single solution out of the Repubs except to cut spending Have you ever heard the adage "when you find yourself in a hole, stop digging"? Cutting spending is exactly what needs to be done. Right along with reducing the size of government. And along with it, cutting taxes. Something that is counterintuitive to government parasites but has been proven to increase the tax base. Going forward we will have to get this country off the credit bubble. Americans have to learn not to spend beyond their means. EXACTLY! what applies to the people applies to the government. The American government has to cut spending and live within its means. There is no short term fix for this massive problem. Oh I agree with that. Just as there was no short term fix to the mess Clinton left behind (and GB before him). But the government tries. Obama tried with the stimulus bill that was jammed through congress unread (tell me that you approve of that one!!!). During the bush years we had the RE/Credit bubble, during the Obama years we have the Green/Gov bubble. We obviously haven't learned that creating new bubbles is not the way to fix an economy. It just delays the process and makes it worse.