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View Diary: House Rep Accuses Obama of Treason (40 comments)

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  •  The deficit, spending, debt too (1+ / 0-)
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    Black Max

    As far as I can tell, the only people who care about those things speak in terms of debt to GDP ratio, bond spreads, and investor confidence.  Those people don't seem to care all that much about our levels right now, as shown by the low rates and high stock markets.

    So even though Republicans throw out numbers about spending increases, those numbers are meaningless.  The only reason spending would matter is if the people we borrow money from are concerned about how much we are borrowing or if the spending is superheating the economy.  Neither of those things are happening, so spending is just a political issue, not the cause of some larger economic problem.

    Its all about obfuscation, omission, and distraction.

    There is truth on all sides. The question is how much.

    by slothlax on Wed Jan 23, 2013 at 08:24:43 PM PST

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