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View Diary: Not even Republicans believe that Americans want smaller government (62 comments)

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  •  They didn't care about deficits under Bush (7+ / 0-)

    As a young adult, I was so angry watching them run up a huge credit card bill with wars and tax cuts for the rich, leaving my generation to pay it off with interest.

    Now I am conflicted, because I am concerned about the size of the debt, but I also believe the president's efforts to stimulate the economy were necessary. But we would not be in this situation if Bush and the Republicans had not run up such a huge debt and squandered the surplus they inherited from Clinton.

    •  The deficit is not a problem in the short (7+ / 0-)

      To medium term.  Bring on more stimulus, get people working at living wages again, and THEN deal with the deficit.  Most of the deficit would be paid for with the income taxes of more people working at living wages.

    •  Don't fret the debt (4+ / 0-)
      Recommended by:
      mmacdDE, DSPS owl, raincrow, Smoh

      Its not the best option, but honestly, the size of our debt is not important. It will shrink, as a proportion of GDP (which is the important part) through economic growth and inflation. Long-term deficits are more important, but large short-term deficits to increase aggregate demand are OK if invested in economic growth. All that as long as you trust Krugman. Drop the austerity bomb in the boom times by taxing the rich and letting high employment and living wages reduce the burden of social programs. Invest surpluses in education and infrastructure. We've done it before.

      •  What bothers me about the debt (0+ / 0-)

        Is that the bigger it is, a larger portion of our tax dollars have to go to debt service and that's less money we have for worthwhile programs. And it sometimes feels like around here, there are people who don't care what kind of debt they leave the next generation with as long as they get their benefits that they are entitled to.

        I agree with you that now is not the time for austerity, but I am concerned that every dollar we borrow now is probably $1.50 that we don't have to spend in the future.

    •  Well... yeah... (2+ / 0-)
      Recommended by:
      eps62, democrattotheend

      That was the whole goal, after all.  Bleed the federal government dry through tax cuts (while simultaneously telling the tinfoil-hat crowd that tax cuts increase revenue by stimulating the economy), then whine about deficits once a Democrat is in office and try to cut spending.

      28, white male, TX-26 (current), TN-09 (born), TN-08 (where parents live now)

      by TDDVandy on Mon Dec 03, 2012 at 04:18:15 PM PST

      [ Parent ]

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