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View Diary: Chris Christie stabs Mitt Romney in the back. (33 comments)

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  •  Foolhardy, not courageous (2+ / 0-)
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    Sylv, teresab
    Even a very courageous politician would hesitate to come forward with a real budget that could completely remove the deficit in a decade, which is what Romney promised.  The reality is, that this much money can't be cut without removing basic programs that most of the country feels are vital.
    You are buying into the deficit chickenhawk meme that if only one were to cut deeply enough into spending, the budget would balance and the debt would go away.

    The issue with this reasoning is that it ignores the fact that unlike tax cuts for the wealthy, government spending of this sort is inherently stimulative. Taking away food stamps and medicaid not only means that poor people will suffer (and some die). It also means that a great many dollars that support the economy at all levels will not be spent, and the economy would go into a nosedive. Food will not be bought, and medical services will not be used.

    But not only that, people who are not working stop paying taxes, and government revenues decrease below projections.

    When that happens, economic contraction will result in layoffs, decreased consumer spending, more spending cuts, more layoffs, more decreased consumer spending...

    •  I mostly agree with that. (0+ / 0-)

      Shutting down government programs during a recession, essentially makes the recession worse.  It means that more people can't pay their rent and things spiral downward.

      At some point unfortunately, I think something is going to have to give.  Our economy is growing more quickly than Europe, but not enough to take care of the massive shortfall.

      In time, we will fall off a fiscal cliff as the tax cuts lapse, and we will see what the administration chooses to do after the election.  It's likely to be a very bumpy ride.

      By saying it would be 'courageous," i wasn't necessarily saying it would be smart, just that it would take courage.  If Romney chose this occasion to say something unpopular, it would be the first time he did so.

      Ignorance more frequently begets confidence then knowledge. Charles Darwin

      by martianexpatriate on Wed Aug 29, 2012 at 08:06:53 PM PDT

      [ Parent ]

      •  It is a purely Republican meme (0+ / 0-)

        that we cannot afford to invest in the economy, with the corollary that we should therefore just give up and give the rich everything. Basically, it is a gnome Magic Underwear business plan:

        Tax cuts!



        Hey, Mitt! Thanks for ObamneyCare.

        by Mokurai on Thu Aug 30, 2012 at 12:08:40 PM PDT

        [ Parent ]

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