Why the Left Doesn't Care about $9.7 Trillion Debt

[Zoom-boing]

This pretty much sums it up.

"Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said."

CNN adds that "By 2020 the (CBO) estimates debt held by the public would reach $20.3 trillion, or 90 percent of GDP. That's up from 53 percent of GDP in 2009."

I suspect that most Americans, if asked whether these numbers trouble the Democratic leadership and President Obama, would answer in the affirmative.

They would be wrong.

They would be wrong not because the Democratic Party or the president are economically illiterate or bad individuals, but because the Democratic Party and the president are leftists. And most Americans, including most Democrats, do not understand the left. They may understand liberalism; but President Obama, Nancy Pelosi, Harry Reid, and most Democratic representatives and senators are not liberals; they are leftists. And most Americans do not understand the difference between liberal and left. They do not realize, for example, that there is no major difference between the American Democratic Party and the leftist social democratic parties of Western Europe. They do not know that from Karl Marx to Obama, the left (as opposed to liberals) has never created wealth because it has never been interested in creating wealth; it is interested in redistributing wealth.

Therefore, unprecedented and unsustainable debt, a debt that will negatively affect most Americans' quality of life, renders the dollar increasingly undesirable, and undermines America's prestige and power in the world -- these developments do not particularly disturb the left. They may trouble the president, the Democratic Party, and others on the left on some political level, but that pales in comparison to what the left really wants: a huge government overseeing a giant welfare state and a country with far fewer rich Americans.

Achieving those goals is far more important than preventing a decline in the American quality of life. The further left one goes, the more contempt one has for the present quality of American life in any event. The left regularly mocks many of the symbols of that life -- from the three-bedroom suburban house surrounded by a white picket fence to owning an SUV (or almost any car) because Americans should be traveling on public buses, trains and bicycles.

RealClearPolitics - Why the Left Doesn't Care about $9.7 Trillion Debt

 

[boedicca]

Of course high debt levels don't bother Progressives. Big Debt fuels Big Government - it furthers their cause.

 

[CrusaderFrank]

This won't end well for the Libs

 

[rdean]

The real question is why did the right "create" such a debt?

2.5 trillion tax cut
3 trillion in war
trillion stimulus package
Who knows how much wasted on Katrina cleanup that never happened?
Who know how much their drug package cost?

Then the left get's stuck with this mess. Worse, the Republicans, the very people who created this disaster, think they know how to clean it up? Are they insane?

 

[boedicca]

Uh. Debt is created by spending more than is collected in tax receipts.

We don't have a lack of tax problem; we have a spending problem.

 

[Tom Clancy]

The real question is why did the right "create" such a debt?

2.5 trillion tax cut
3 trillion in war
trillion stimulus package
Who knows how much wasted on Katrina cleanup that never happened?
Who know how much their drug package cost?

Then the left get's stuck with this mess. Worse, the Republicans, the very people who created this disaster, think they know how to clean it up? Are they insane?

The right didn't create the Trillion Stimulus Package.

Bush put in the Bailout. which wasn't even a Trillion..

You got it mixed up.. Obama was the one who put in the Stimulus.

 

[rightwinger]

Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said."

CNN adds that "By 2020 the (CBO) estimates debt held by the public would reach $20.3 trillion, or 90 percent of GDP. That's up from 53 percent of GDP in 2009."

Are you conceding that the right will not have political power until 2020?

or that none of the existing debt was contributed by right wing policies?

 

[Dr Gregg]

Like the right cares so much when billions and billions were going to wars.

 

[beowolfe]

Reagan increased the national debt by 20%. Bush I increased it by 12%. Clinton reduced it 7%. Bush II increased it by 12%. Your question: "Why the left doesn't care about $9.7 trillion debt?" should probably be:

Why does the right run up the debt and then expect the left to solve the problems created by their running up the debt??

 

[California Girl]

The continual denial from lefties on here is sadly unsurprising but breathtakingly stupid. What I find incredible is that not one of them seems to care about the continued out of control spending. What Bush did or did not do is of no relevance. We are where we are and we need to stop it.... but instead of recognizing that, they just go back to their usual cries of 'But, but, but..... BOOOOOOOOSH!' God Almighty, why can the left not smarten up?

 

[Zoom-boing]

Therefore, unprecedented and unsustainable debt, a debt that will negatively affect most Americans' quality of life, renders the dollar increasingly undesirable, and undermines America's prestige and power in the world -- these developments do not particularly disturb the left. They may trouble the president, the Democratic Party, and others on the left on some political level, but that pales in comparison to what the left really wants: a huge government overseeing a giant welfare state and a country with far fewer rich Americans.

Monstrous debt -- all part of the plan, all part of the agenda.



Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much so it's ok for Obama to spend too much because Bush spent too much . . . cripes, it's like pi.

 

[boedicca]

The right didn't create the Trillion Stimulus Package.

Bush put in the Bailout. which wasn't even a Trillion..

You got it mixed up.. Obama was the one who put in the Stimulus.

Conservatives also haven't turned TARP repayments, which should have been used for deficit and debt reduction, into a permanent slush fund.

Just sayin'.

 

[Modbert]

The continual denial from lefties on here is sadly unsurprising but breathtakingly stupid. What I find incredible is that not one of them seems to care about the continued out of control spending. What Bush did or did not do is of no relevance. We are where we are and we need to stop it.... but instead of recognizing that, they just go back to their usual cries of 'But, but, but..... BOOOOOOOOSH!' God Almighty, why can the left not smarten up?

Considering how much he contributed to that debt, it is at least a bit relevant..

You know, with that Republican Congress.


But I can see you want to rewrite history, so have fun with that!

 

[Terry]

http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967

First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and his wife Frances Fox Piven (today Piven is an honorary chair for the Democratic Socialists of America), the "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

Inspired by the August 1965 riots in the black district of Watts in Los Angeles (which erupted after police had used batons to subdue a black man suspected of drunk driving), Cloward and Piven published an article titled "The Weight of the Poor: A Strategy to End Poverty" in the May 2, 1966 issue of The Nation. Following its publication, The Nation sold an unprecedented 30,000 reprints. Activists were abuzz over the so-called "crisis strategy" or "Cloward-Piven Strategy," as it came to be called. Many were eager to put it into effect.

In their 1966 article, Cloward and Piven charged that the ruling classes used welfare to weaken the poor; that by providing a social safety net, the rich doused the fires of rebellion. Poor people can advance only when "the rest of society is afraid of them," Cloward told The New York Times on September 27, 1970. Rather than placating the poor with government hand-outs, wrote Cloward and Piven, activists should work to sabotage and destroy the welfare system; the collapse of the welfare state would ignite a political and financial crisis that would rock the nation; poor people would rise in revolt; only then would "the rest of society" accept their demands.

 

[Misty]

It is non productive to say "the republicans did it".

The republicans screwed up but that shouldn't give the democrats free reign to continue screwing up.

The republicans lost power because they screwed up and the democrats will lose power as they continue to screw up. Back and forth blaming the other party.

 

[uscitizen]

The real question is why did the right "create" such a debt?

2.5 trillion tax cut
3 trillion in war
trillion stimulus package
Who knows how much wasted on Katrina cleanup that never happened?
Who know how much their drug package cost?

Then the left get's stuck with this mess. Worse, the Republicans, the very people who created this disaster, think they know how to clean it up? Are they insane?

The right didn't create the Trillion Stimulus Package.

Bush put in the Bailout. which wasn't even a Trillion..

You got it mixed up.. Obama was the one who put in the Stimulus.

did Bush ever veto a spending bill while repubs controlled congress?

 

[Vast LWC]

The right created the 11+ trillion dollar debt to begin with.

Was Reagan trying to create a "perpetual welfare state" too, when he ran up all that debt?

Oh and 3 Trillion dollars in debt circa 1985 = 6 Trillion dollars in inflation-adjusted dollars.

The Inflation Calculator



Oh, and one more thing...

If my thread talking about the political leanings on the USMB board belongs in "Conspiracy Theories", then this thread DEFINITELY belongs there.

 

[boedicca]

Uh...I suggest you review the components of that debt - starting with aspects started during the FDR era which are snowballing today.

 

[Zoom-boing]

The right created the 11+ trillion dollar debt to begin with.

Was Reagan trying to create a "perpetual welfare state" too, when he ran up all that debt?

Oh and 3 Trillion dollars in debt circa 1985 = 6 Trillion dollars in inflation-adjusted dollars.

The Inflation Calculator



Oh, and one more thing...

If my thread talking about the political leanings on the USMB board belongs in "Conspiracy Theories", then this thread DEFINITELY belongs there.

Bush did it so Obama can do it too.

 

[uscitizen]

The right created the 11+ trillion dollar debt to begin with.

Was Reagan trying to create a "perpetual welfare state" too, when he ran up all that debt?

Oh and 3 Trillion dollars in debt circa 1985 = 6 Trillion dollars in inflation-adjusted dollars.

The Inflation Calculator



Oh, and one more thing...

If my thread talking about the political leanings on the USMB board belongs in "Conspiracy Theories", then this thread DEFINITELY belongs there.

didn't Reagan also raise the SS withholding to a value larger than it needed to be to provide more money for the govt to spend?