Anyone got any link to anywhere that says balancing the budget in ten years is good for the country?
so thats thew new paradigm now;
RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.
RULE 6: “A good tactic is one your people enjoy.” They’ll keep doing it without urging and come back to do more. They’re doing their thing, and will even suggest better ones.
so Clinton's balanced budgets? Good, great Bush blew it etc etc ...now? Show me why a balanced budget is worth it?
the feds are going to need every $ they can effectively and safely take from the private sector to fulfill obligations we have entrenched in the system, Medicare, obamacare and SS.
And I don't think surplus's ala Clinton are any good, UNLESS, you reire debt. why take more than the fed needs to operate if we have a balanced fed budget?
The problem is, even if the dems- Patty Murray's budget plan gets by and they take another 1 trillion $$ out of the economy and let the fed spend it, it will not retire one dime of debt. they just continue to spend above the historical norm of 19% of gdp.
Now, not all debt is not bad, pragmatically when you build infrastructure one can say the future users owe a present obligation to help build it as they will when completed, have use of it......but that has been blown right out the window, as use of monies taken in one month goes right out the door to pay for things now ( and past debt. interest etc.) and we still, continue to use debt financing to carry basic obligations in the present.
When and they will the interest rates start to return to historical norms, this cheap money we think we are borrowing now ....we spend 230Bn to pay interest ( not retire principal), wait till that inches up to 400, 500 Bn.....Armageddon, plain and simple.
bzxh11
