Political Irony

2 Comments

1. Political Disgust wrote:

   That is a great one and very true sadly. The real problem is that NO ONE has any idea how to actually make the billions and billions of dollars they are throwing around carelessly actual DO anything positive. They are still guessing about the real effect on the economy long term and if these actions will really produce the recovery everyone wants.

   Maybe it is time to stop using the word “recovery” and lean towards “band aid”.

   —
   Political Disgust

   Monday, November 24, 2008 at 10:36 am | Permalink
2. CHARLIE wrote:

   “De-leveraging” is such a bland technical term. But when everyone, federal and state governments, banks and businesses, and “consumers” find that their new revenues are insufficient to pay current expenses AND pay down existing debt the downward spiral is inevitable. When wages and prices start to fall and businesses and workers pull back on inventory and expenses or even investments the downward curve steepens.
   Where is the fix? Is the “confidence fairy” going to make us all feel better about spending? No, the fear of an uncertain future will always trump our desire for non-essentials.
   Former Vice President Dick Cheney said during the debate about how to pay for the Iraq War “Reagan proved that deficits don’t matter.” He was so wrong. Now those deficits have become a debt that hinders the Federal government’s ability to stimulate spending and give assistance to unemployed workers or to State governments.
   Snd, in fact, President Reagan raised taxes several times to keep revenue in balance with expenses. He abhorred entitlement programs but at least knew that the revenues needed to be there to pay for them until they could be brought under control.
   And don’t get me started on corporate welfare, crop and water subsidies, campaign finance reform and the need to decouple governing from electoral fundraising.

   Saturday, August 27, 2011 at 1:32 pm | Permalink