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

To: Steve Lokness who wrote (201325)	9/13/2012 3:18:53 PM
From: Metacomet	Read Replies (1) \| Respond to of 542004

The fallacy is that the right wing, your approach, to the debt is unworkable The debt cannot be dealt with if the economy is stifled ie austerity That is simply foolish and unworkable on its face Arithmetic You cannot cut enough to get to "within our means" without destroying the country To even consider that a possibility is wishful thinking if not downright childish So how do we deal with the structural problem of debt We have to grow our way out of it and generate a realistic level of revenue That means, as any business man knows, you have to keep the doors open Sometimes banks and or borrowing are useful for this It boggles the mind that this obvious strategy, the Krugman approach, is violently rejected by folks who are clueless in how to deal with these problems You can either learn from history or repeat it....