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View Diary: About That Debt (10 comments)

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  •  You grant too much to the Republicans (1+ / 0-)
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    The Right talks a good game about how our debt harms the economy.  They never actually propose doing anything about it.
    Actually they don't talk a very good game at all, IMO. Most importantly, they never explain how our debt harms the economy. The closest they ever come to an actual argument is that we are burdening our children. But that's a stupid and inaccurate argument. I've never had to personally pay for the debts of World War II.

    In fact, it's our ability to run deficits financed in our own currency that gives us great economic strength and flexibility. Deficit hysteria basically amounts to relinquishing the effective tools that we have for increasing our prosperity.

    I could go on much longer.

    "The smartest man in the room is not always right." -Richard Holbrooke

    by Demi Moaned on Tue Nov 12, 2013 at 06:04:49 PM PST

    •  Everything you said is correct (1+ / 0-)
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      but the debt hysteria that lingers is precisely my point.

      People see the $17 trillion debt and think its a crisis but don't see the context.

      That's why the game the right talks is a good one

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