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To: elmatador who wrote (98621)2/9/2013 9:47:16 AM
From: cmg1 Recommendation  Respond to of 217948
 
Krugman,

Yea, its not irresponsible to live within your means or leave future generations in debt, or servitude to the government. He is only thinking about himself and not about the future generations. Shameful.



To: elmatador who wrote (98621)2/9/2013 1:19:51 PM
From: Metacomet1 Recommendation  Respond to of 217948
 
Yes, there's a long-term fiscal problem, but it's not urgent that we resolve that long-term problem right now. The alleged fiscal crisis exists only in the minds of Beltway insiders.

This is incorrect

Because of the legions of debt scolds, many Americans subscribe to the "we gotta fix this immediately" school of economics

This is nonsense

To do so would cripple the most powerful economic force on Earth, and the only realistic hope for the US to recover from the damage wrought by the asinine policy of fighting wars on credit, and cutting taxes simultaneously

Both initiatives used to perpetuate a political regime of economic idiocy and wealth concentration, but I digress

As Krugman continues to point out, the only thing we need fear from the debt situation is the fear that the same folks who orchestrated it in the first place will succeed in forcing the US to swallow more of their Kool-Aid and commit economic Hari-Kari by adopting some form of societal suicide to reduce the debt

We must grow out of it and government expenditures are central to that growth