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View Diary: Tea Party is completely wrong about shrinking federal deficits (42 comments)

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  •  You are living in a bubble (0+ / 0-)

    If you think the fact we keep having to lift the debt ceiling is not proof of increasing debt.

    I may agree with all your positive thinking but even at $200 short at the end of the month you are adding to the debt. THIS is the right wing stumbling block.

    I am well aware household budgets and government budgets are not the same, but they are exactly the same on the issue of the bottom line Income must match expense.

    I am thrilled the Pope has said the world should focus on poverty not austerity. I am thrilled the IMF says deficits should be paid by taxing the rich.

    I also agree getting the economy working so everyone has cash flowing through their hands would be the fastest and most long term solution.

    But we are still growing the debt. Please don't have any confusion that this is a serious issue. Even if it is only by $1, it needs fixing. It is not worth arguing over, except to acknowledge a fact as a fact.

    •  Dismissing what I said in that rude manner (1+ / 0-)
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      Calamity Jean

      doesn't change the facts either. I said

      In each of those months you still hit the "debt ceiling." But the amount borrowed has dropped.
      I acknowledged that the debt continues to increase. However, it's increasing by smaller increments.

      Krugman and Stiglitz aren't concerned in the near term. They believe it will become a problem if it persists, in the long term. Since I'm not an award winning economist, I'll go with their assessment.

      •  Facts do tend to be rude (0+ / 0-)

        if you don't accept them. Neither Krugman nor Stiglitz would disagree that being forced to raise the debt limit is proof positive the deficit is growing.

        Lets not argue the response, however. Raise taxes, cut defense, create jobs, protect social security etc.

        The way forward is through full employment, even if we don't grow the economy.

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