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

To: bentway who wrote (216357)	2/9/2013 12:23:57 PM
From: cosmicforce	Read Replies (2) \| Respond to of 542058

<Yes, I think all you debt worriers should become Russians.> I call BS on that one - to argue that to NOT have debt is to desire to be like the Russians is like saying brushing your teeth is akin to wanting to be like Stalin (I assume he did brush them). There are probably serial killers that have no debt as do some meth abusers. That doesn't mean having low debt is bad or I want to be like one of those people either. As good financial practice, the government should be balanced on average. Why is that controversial? If you look at my penultimate post, you will see a graphic from the Atlantic site that shows 200 years of debt, that on average, and as a function of GDP, reached a peak in WWII. Gee - we were fighting the Triple Axis in a two front ground war - that sort of figures. But where did all the money spent since 2001 go? We have a few highway projects and re-pavings that happened here in CA - the shovel-ready projects they called them, but that is about it. It isn't like the Great Depression where we had post offices, highways, dams and museums built, not to mention a social safety net. From what I can see - the last 13 years of debt has bought us diddly squat.