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View Diary: Introducing the $1 trillion Ronald Reagan platinum coin (99 comments)

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  •  I'm confused. Is the debt bad or not? On one (1+ / 0-)
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    FarWestGirl

    hand I hear the repubs whining about the debt ceiling and we're saying it's not that big of deal but then we can't get enough of pointing out Reagan increased the debt.  I know the hypocrisy argument and how much fun it is to point it out but what is the real story?

    Guns don't kill people...people with GUNS kill people.

    by thestructureguy on Tue Jan 08, 2013 at 06:39:05 PM PST

    •  Currently, it's not a terribly big deal (5+ / 0-)

      Our #1 goal right now should be to reduce unemployment and get out of the recession. Long-term, the deficit might become a problem, but there's no reason to take drastic action while unemployment is still close to 8%.

      As for pointing out that Reagan increased the debt...that's mostly about the hypocrisy.

      "He, O men, is the wisest, who, like Socrates, knows that his wisdom is in truth worth nothing."--Socrates

      by TealTerror on Tue Jan 08, 2013 at 06:52:05 PM PST

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      •  It's about making them OWN IT! (0+ / 0-)

        and own the specific attitudes that drive/express them (see my sig).

        I guess not a lot o' folks remember that there was NEVER a word about the debt from pundits, media, or (much from) the Democrats during the Reagan-Bush years...but the MOMENT Clinton was elected, the deficit/debt drumbeat began...only to die away again during the Bush II reign (they needed those drums for the war, anyway).  Guess they were lucky they still had 'em when R-LOST....

        I suppose it's a beautiful thing, the way the Republicans can rely upon their base to remain hornswoggled, no matter what.  That's no reason we shouldn't make them feel bad for insisting on being stupid and spiteful.

        We now return you to our on-going coverage of the debt/deficit  - which is of course NOW the only thing that matters, as arranged, orchestrated and performed by the Professional Agenda Pushers' Union, and the Association of American Bullies.

        Dick Cheney: "Reagan proved deficits don't matter"
        Mitch McConnell: "There's no evidence whatsoever that the Bush tax cuts actually diminished revenue"

        by chmood on Wed Jan 09, 2013 at 09:25:20 AM PST

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    •  Depends totally on which party is in the WH. n/t (1+ / 0-)
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      DuzT

      Information is abundant, wisdom is scarce. The Druid

      by FarWestGirl on Tue Jan 08, 2013 at 06:56:11 PM PST

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      •  It also depends on (0+ / 0-)

        the prevailing interest rate.

        Right now, with interest rates near zero, interest on the debt is still about $350 billion a year.

        If interest rates doubled or tripled from where they are - ouch.

        Filibuster reform now. No more Gentleman's agreements.

        by bear83 on Tue Jan 08, 2013 at 07:29:19 PM PST

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