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McCain erupts: Conservatives are deceiving America
McCain erupts: Conservatives are lying to America - The Plum Line - The Washington Post
---------- Post added at 08:14 AM ---------- Previous post was at 08:06 AM ----------
Quote:
Originally Posted by Tully Mars
Bottom line here is many US voters had no problem spending and spending under Bush Jr, happy to see that $3-600 check, completely on board with going to war and welcomed the tax cuts. Now that the bill has come due they want the money they spent to come from anywhere but their own pocket. But what many are finding out is it will come out of their pocket. That's going to happen by reduced benefits for some, increased fees and tolls, increased interest rates on their loans, the devaluation of the dollar. None of this will affect the truly wealthy in the US, hell the increase interest rates will benefit them greatly.
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I was thinking about this yesterday. It's as though Bush Jr. decided it was good policy to boost spending and reduce revenues. So when you couple that with the practically unmitigated disaster of the financial system, Obama's spending decisions shouldn't come as much of a surprise. More specifically, the federal spending shouldn't come as much of a surprise.
I think even Reagan would have done something similar.*
Oh, wait, he actually did. How soon we forget the Reagan bailouts and tax increases. All we think about are his deregulation and tax cut policies. Though he did mark the beginning of the Republican standard model of governance: tax cut and spend.
*Didn't Reagan add more to the debt in one year than Carter did his entire presidency?
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 07-28-2011 at 04:26 AM..
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