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

To: tejek who wrote (115819)	6/25/2012 3:54:11 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Pure austerity is dangerous. We're agreed on that. Just don't call it mine. I've never advocated for pure austerity. I think it is silly and creates too much pain to be absorbed in the short run. However, some amount of pain is inevitable, if we are to address the root causes of too much debt in the system. I think there is a path that puts most of that pain on the bad actors, including the big banks and their CEOs, as well as the bond holders and shareholders of those enterprises that made the bad bets. I think the current route of putting all the pain on the citizenry while the top 1% that created most of this mess walk away scott-free, or even worse, richer than ever, is a global travesty and is detestable. My path would be far different and the 99% would love me for it in the short run and the long run.