The United States of Insolvency
For years, Republicans accused Democrats of being the party of "tax and spend." The GOP was the guardian of taxpayers. Fiscal responsibility was their credo. While present day Republicans worship Reagan conservatism, he convinced the Democratically controlled Congress to rack up huge deficits to outspend the Soviets in order to win the Cold War.
It worked.
When the Republicans took Congress in the 90's, they restored some semblance of fiscal conservatism and moved Clinton into a brief budget surplus. It was supposed to be the first step towards a fiscally responsible government.
It wasn't.
Before we could hope to whittle down the National Debt, W was elected. With a Republican controlled government, fiscal conservatism was abandoned. Instead, it was time for the Neoconservative political agenda and Machiavellian manipulation from Karl Rove. Tax cuts and wild spending doubled the National Debt in just a few years. It seemed as though the Republicans had bested Democrats at government excess.
Until now.
The ante has been upped by the Democrats in an effort to save us all from GD2. At least, that's what's implied. But one has to wonder if our efforts to escape the frying pan will only lead us into the fire. Seems that way to me.
\_/
DED
(TotH to Edwardo for unknowingly pointing me to dailybail.com)
It worked.
When the Republicans took Congress in the 90's, they restored some semblance of fiscal conservatism and moved Clinton into a brief budget surplus. It was supposed to be the first step towards a fiscally responsible government.
It wasn't.
Before we could hope to whittle down the National Debt, W was elected. With a Republican controlled government, fiscal conservatism was abandoned. Instead, it was time for the Neoconservative political agenda and Machiavellian manipulation from Karl Rove. Tax cuts and wild spending doubled the National Debt in just a few years. It seemed as though the Republicans had bested Democrats at government excess.
Until now.
The ante has been upped by the Democrats in an effort to save us all from GD2. At least, that's what's implied. But one has to wonder if our efforts to escape the frying pan will only lead us into the fire. Seems that way to me.
\_/
DED
(TotH to Edwardo for unknowingly pointing me to dailybail.com)
Labels: economy, government_waste, politics
posted by DED at 11:49 AM
7 Comments:
Sheesh. What a mess. I think it's time for radical change in our political system.
Yeah, I was kinda hoping Obama was going to help with that. While he certainly brought "change" to some aspects of government, some of what he has delivered is as bad as (if not worse than) his predecessor. Keeping Geithner around being mistake #1.
Hard to know what's up at this point. I don't wanna act naive, but you'd like to see cuts in other areas (defense for sure) to offset whatever "stimulus" is put forward.
And much of the "stimulus" is pork. How about high-speed railroad building? Modern nuclear reactors? Wind-power generators?
Oh, sure. I beg you to remove word verification and then the idiot football spammer gets you. It's gotten everyone lately, but hopefully there won't be too many footballs.
Sorry about that.
Lisa: Yeah, that didn't take any time at all.
Mike: Yes, those are the sorts of things I'm interested in.
And there's no way there's going to be away significant defense cuts. As Obama winds down Iraq, he's going to be ramping up Afghanistan.
Since I didn't know how else to contact you, I thought I would post a comment here as a way of apologizing for my intemperate response to you on my blog (concerning Wall St. etc.). You have been unfailingly polite, so it was wrong for me to be snappish, and I hope you can accept my apology.
I like your blog, too.
Apology not really necessary, Dash, though I appreciate where it's coming from. At no point in your retort did you make it personal. You stayed on topic.
I haven't had a chance to reply but plan on doing so now as I have the time.
And thanks for stopping by. :)
Post a Comment
Links to this post:
Create a Link
<< Home