Skip to main content

View Diary: Republicans have no clue how people manage their budgets (179 comments)

Comment Preferences

  •  I'm obviously more conservative than most (1+ / 0-)
    Recommended by:
    JerryNA

    here and I do take to heart Kos point.  But it seems that family's also end up paying off that debt.  They pay off their cars, they pay off their mortgages.  We aren't doing that.  We are going in the opposite direction.  

    On top of that, family's buy assets that will be of good use for many years.  If the government was primarily building up our infrastructure to set the stage for future growth, or if they were heavily investing in basic research that would lead to technological advances that help out future generations, then that would be one thing but our infrastructure stinks (although I think our infrastructure grade recently got upgraded to D+) and our basic research funding is woefully inadequate.

    Looking at the larger picture, Keynes was right on certain subjects and we must be careful about pursuing a path toward a balanced budget when the economy is shaky but paying for the government services that we choose to have is a basic moral obligation of each generation, IMO.

    We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

    by theotherside on Thu Mar 21, 2013 at 05:19:50 AM PDT

    •  But we pay off our debt when we're doing (4+ / 0-)
      Recommended by:
      efrenzy, DesignGuy, JerryNA, bartcopfan

      well, not when we've just been laid off.

      When the government was doing well, instead of paying down the debt, the Republicans asked for less revenue, then decided, what the hell, let's take on two wars and a prescription drug plan.  Pay for them?  Oh, don't worry, let's come back and ask for ANOTHER tax cut and less revenue.

      Now that the government is in deep shit, their answer is . . . no, no, wait for it . . .

      There is no higher achievement in life than to make a child laugh.

      by Fiddler On A Hot Tin Roof on Thu Mar 21, 2013 at 09:35:39 AM PDT

      [ Parent ]

      •  Your second and third paragraphs are spot on (1+ / 0-)
        Recommended by:
        Fiddler On A Hot Tin Roof

        but I'm pretty sure you are wrong on the first one.  Since the early 80's we have had quite a few good economic years and all but one or two of those years we actually incurred more debt.

        Now, if you want to discuss what we SHOULD be doing (or should have done) then you and I are probably in agreement.  We should reduce our debt when our economy is doing well and run a deficit when the economy is hitting a snag.

        We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

        by theotherside on Thu Mar 21, 2013 at 03:00:37 PM PDT

        [ Parent ]

        •  Of course you're right. But it is a matter of (0+ / 0-)

          interpretation.  theotherside was saying that people pay off their car loans and mortgages.  I was merely pointing out that we do that when we can, and only fail to pay them off when we simply do not have the income.

          When we are gainfully employed and paying off our car loans and mortgages, it is certainly true that too many people also take on more debt.

          There is no higher achievement in life than to make a child laugh.

          by Fiddler On A Hot Tin Roof on Thu Mar 21, 2013 at 09:31:34 PM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site