Re: Is Anyone In This Group Enthusiastic About Any Candidate?

On Thu, 10 Jan 2008 13:04:44 -0600, "John Galt"
<whoisjohngalt@xxxxxxxxxxxxxx> wrote:


"Rumpelstiltskin" <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote in message
news:91oco3pfln90inuo6hknbo14lg222u0ed0@xxxxxxxxxx
On Thu, 10 Jan 2008 10:45:29 -0600, "John Galt"


<snip>


Haven't you noticed? The economy is already FUBAB,
thanks to the borrow-and-spend "economic philosophy".

I've noticed. Things can always get worse, and quite easily, for example
by
ignoring Medicare funding for a couple more terms.



Yep, things can get worse, especially if we continue to
elect the party that not merely allowed things to get this.
bad, but actively worked to get them this bad.

This is simply the idiocy of partisanship. **At this moment in time**, the
GOP are the the big spenders and the ones who are most accountable for the
economic difficulties we are facing. Granted. Fast forward a decade and a
half. If nothing is done about Medicare by then, the imbalance of Medicare
will swamp the paltry 10T that the two parties (not all of that is GOP -- a
majority, but not all) have given us.


Yeah. It's going to be harder to do anything about medicaid
now that the country is an economic basket case though.

We have to raise taxes. Granted, that won't bring in as much
money as it did when the USA was still producing most of its
own stuff, but we can't keep going on the way we have been.
We have to stop the flow of blood to survive, and we have to
start paying down the debt to do anything more than just
survive.

Reagan and the Bushes were GOP. Almost all the debt is
theirs. Clinton added some, but proportionately much less,
and the debt burden was starting to turn around at the end
of his administration until Bush II came in and blew everything
all to hell again. This disaster *IS* *IS* *IS* a Republican
disaster.

If $10T is paltry, we should be able to pay it off. Just
collect $40,000 from every person in the US. The schools
and kindergartens will be easy, because the kids are all
collected in the same place, so we can just confiscate
$40,000 from each of the kids' lunch money.
Abracadabra, problem solved! It was only a paltry ten
trillion dollars, no big whoop.





I'll leave it to you to figure out which party gave us Medicare. Suffice to
say that the argument reverses. It's already in the cards, we're just
waiting for the next hand to be dealt.

The obivous conclusion is that economic screwup is a bipartisan effort.

There ain't no free lunch. You can't cut taxes and also
continue not merely to spend, but spend harder and harder.
If you do that, what happens? What happens is what we
have now. I never heard of Friedman saying how utterly
stupid this policy was, but I don't know, maybe he did.
Did he? If he didn't, then you already know what I think
of his Nobel prize.

He wasn't much impressed by you, either.


I don't remember meeting him. I never read anything he wrote,
and I haven't written anything. I do see what the people have
done who claimed to be guided by him. If it's true that they were
legitimately so guided, then I have every right not to be
impressed by his ideas about economics.



JG



It seems that even a chipmunk should
have known perfectly well all along that this was an utterly
stupid way to run one's finances, even an ordinary
chipmunk that never won a Nobel prize.









.

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