@143: AlexinCT:
What my post ‘proves’ is that when the GOP controls the White House and the Congress, there is no fiscal discipline, and no meaningful oversight of the government.
Obama may need to add another three trillion to the debt before we can get the economy and budget back in balance, but as long as there is progress toward that goal, he is doing what needs to be done. Raising taxes to balance the budget will happen, but now is not the time. It is also not the time to be timid about spending. Without significant government intervention, the economy will recover too slowly, if at all.
I’m not going to explain the national debt to you, or the accounting that the government uses to calculate it. I assume you can visit the link provided above and parse it yourself.
There is a good chance Democrats will be in power long enough to again balance the budget. If the Republicans want to help, Obama has been quite clear that he is open to their ideas. If the GOP just wants to obstruct, so be it, but it is a dangerous game to play. I would not be surprised to see the GOP continue retreating from the coasts and the cities if they fail to get on board.
Democrats believe we can have freedom and security. Republicans seem to forget Ben Franklin’s simple creed: “Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety.”
Wake me when you find some evidence to support your opinion.
Peace.
DS
