Don't Fall for GOP Lie: There Is No Budget Crisis -- There's a Job & Growth Crisis

Discussion in 'Politics' started by Lakhota, Jul 29, 2011.

  1. Lakhota
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    Lakhota Diamond Member

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    A friend who's been watching the absurd machinations in Congress asked me "what happens if we don't solve the budget crisis and we run out of money to pay the nation's bills?"

    It was only then I realized how effective Republicans lies have been. That we're calling it a "budget crisis" and worrying that if we don't "solve" it we can't pay our nation's bills is testament to how successful Republicans have been distorting the truth.

    The federal budget deficit has no economic relationship to the debt limit. Republicans have linked the two, and the Administration has played along, but they are entirely separate. Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.

    In economic terms, we will not "run out of money" next week. We're still the richest nation in the world, and the Federal Reserve has unlimited capacity to print money.

    Nor is there any economic imperative economic to reach an agreement on how to fix the budget deficit by Tuesday. It's not even clear the federal budget needs that much fixing anyway.

    Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.

    If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.

    Get it? We're really in a "jobs and growth" crisis - not a budget crisis.

    The GOP has manufactured a budget crisis out of the Republicans' extortionate demands over raising the debt limit. They have succeeded in hoodwinking the public, including my friend.

    More: Don't Fall for the GOP Lie: There Is No Budget Crisis -- There's a Job and Growth Crisis by Robert Reich
     
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  2. USArmyRetired
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    USArmyRetired BANNED

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    Well the Democrats have been in charge for 6 years until 7 months ago. What is Obama's plan to deal with this?
     
  3. Lakhota
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    Lakhota Diamond Member

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    In charge for 6 years? Even your mind must know that isn't exactly true.
     
  4. USArmyRetired
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    USArmyRetired BANNED

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    When did the democrats take charge of both the House and Senate?
     
  5. Lakhota
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    Lakhota Diamond Member

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    2006. Democrats were strong in the House but weak in the Senate because of Yellow Dog Democrats (DINOs).
     
  6. Lakhota
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    Lakhota Diamond Member

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    I'm not an Obama fan and did not vote for him. HOWEVER, I certainly don't hate him like the Republicans who are holding America hostage to prevent his reelection.
     
  7. USArmyRetired
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    USArmyRetired BANNED

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    Wait a minute. Republicans have submitted several plans only to be shot down by Harry Reid. Who's preventing these plans to go forward?
     
  8. Lakhota
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    Lakhota Diamond Member

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    Typical Fox News nonsense. Which of their plans contained any new revenue?
     
  9. Mr.Nick
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    Mr.Nick VIP Member

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    When the fuck are liberals going to understand you cant spend more than what you take in and when you do spend more than what you take in the money being spent has to be repaid???

    And whats the only solution democrats have to repay the money they wasted on useless people?

    Oh yeah, raise taxes.

    What happens when you raise taxes? oh yea those evil rich job providers fire people to compensate for their loss.

    Of course when that happens you got big problems occur, because the more jobless equal less tax revenue to the government, so the fucking communist asshole democrats attack the only people with money - the fucking job providers and the job providers fire more people to compensate.

    The communist democrats in government know this already and they're doing exactly what they intended to do and thats kill the capitalist model.

    Of course when you have tens of millions of unemployed people they will go looking to government for handouts in which the government dictates, in which the government RAISES TAXES AGAIN, or just borrows money from China to handout..

    Progressive communists are pretty much evil...
     
  10. Lakhota
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    Lakhota Diamond Member

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    Even religious leaders are upset with the radical Republican agenda:

    Religious Leaders Arrested At Capitol For Budget Protest (VIDEO)

    WASHINGTON -- Capitol Hill police arrested 11 people -- many of them members of the clergy -- protesting the Republican House budget-cutting plan, a police spokeswoman said.

    "They were trying to send the message to Congress that the budget cannot be balanced on the backs of the poor, the middle class, or the neediest in society," Boyle said.

    More: Religious Leaders Arrested At Capitol For Budget Protest (VIDEO)
     

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