@38. Mongoose:
See #32 and #33.
Bush’s tax cuts were not a success for America. Solvency of institutions including government has everything to do with the economic “crisis”. Deficit spending was never “ok”, despite Cheney’s assertions about Reagan.
As far as the tax cuts being successful for what they were intended for, you may be correct. They appear to have been intended to provide tax relief to the top 5% of earners, and have done so very effectively, to the detriment of all.
You will notice that your “porkulus roundup” includes some massive stimulus spending, and puts into perspective the outlandish costs incurred in Vietnam, Iraq, and Korea (not counting our soldiers’ sacrifices).
I’ll be happy to bet against you on the hyper inflation. With the dollar as the reserve currency of the world, it is not likely. Even a 15% rate of inflation is probably not going to happen, although it would certainly help some of the folks in upside down mortgages.
I so know what is frightening – that we would continue, each generation, to spend more on wars overseas than on national security for our economy.
I’d love to loan you a dollar today for a 1000% return in 2 years, but it sounds a little like what Madoff was up to.
Peace.
DS
