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UncleNasty -> RE: 1.9 Trillion more... (2/12/2010 5:53:18 PM)
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quote:
ORIGINAL: Musicmystery
quote:
That is part of the problem... to start covering these increased interest payments the taxes are going to have to go up (across the board), hurting all of us even more in the pocket book.
Where were you on this while we constructed this problem for the past ten years--with tax cuts and spending increases?
It didn't pop up from nowhere.
That said, I agree it's a significant problem. Like the trade deficit we've ignored for years. Like fixing SS and Medicaid/Medicare like we've put off for years. Like ignoring the need to address health care insurance instead of ignoring the growing problem. Like pretending it's this party or that party's problem, as they've both focused exclusively on expansionary policies for years, in good times and in bad, whether more tax cuts or more spending.
And that said, I agree that slamming on the breaks while still in a young recovery while we rebuild jobs would be a mistake. So we continue on, reluctantly, for the short term.
That said, it's past time to stop ignoring this problem.
I actually blame Reagan--this conservative hero changed us from the largest creditor nation in the world to the largest debtor nation in the world in just a single administration, and with 25% of U.S. assets owned by foreign interests instead of largely in U.S. hands. It was a very, very bad precedent, convincing all sorts of people this was justified, and showing lots of others they could get away with policies like this.
Not that Carter was any better. But simplistic magic money solutions should be ridiculed (as Bush and Dole did when Reagan first proposed his nonsense) and dropped, not enshrined.
This nation needs a lobotomy.
Most people are so far under something they haven't the time or energy to pay attention to any of the many major issues were facing, and being up by.
I made a post a few days about the continuing housing mess. There were only 5 replies (one of which I solicited from another forum participant just to try and keep it on the front page) and nothing to indicate anyone had read any of the information contained in the links.
So what do you do? Beats me but I won't be spending any more of my time trying to inform others. I'll just keep reading and researching on my own, and hope there are others that care enough about ANY of the major issues we're facing to get up off their asses and dance.
Uncle Nasty
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