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View Diary: Dem Econ Agenda: Budget Balancing = Reforming Government (236 comments)

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  •  I feel neglected (3+ / 0-)
    Recommended by:
    Damek, New Deal democrat, bigchin

    I guess since the majority favored balancing the budget my counter position got ignored in the summary.

    To remind people:

    My point (which several people, including Bonddad) acknowledged is that balancing the budget is not currently practical (leaving the wars aside).

    I favor cutting the budget deficit, but much of this can be done by raising taxes. I also favor changing spending priorities (drastically in some cases). There is much that is being neglected on the domestic front including health services, education and infrastructure repair.

    So, if you want to use 'balance the budget' as a goal, fine. But, as a practical course of action in the next few years it may just be exactly what Grover Norquist is looking for. More domestic programs will be cut while militarism continues to expand.

    •  adsf (0+ / 0-)

      No, I didn't agree with your position.  My response was:

      I would argue that in a more closed international world (like those of Keynes in the 1930s) a balanced budget is less important.  But especially now, we have to consider our rather substantial international creditors and their ability to hurt the dollar's value.


      "You think you can intimidate me? Screw you. Choose your Weapon." Eliot Spitzer

      by bonddad on Mon Jul 10, 2006 at 06:37:04 AM PDT

      [ Parent ]

      •  but (1+ / 0-)
        Recommended by:
        New Deal democrat

        Not to make too big a deal about this but you also said:

        You point out some good ideas and very reasonable policy alternatives.


        That is not to say you don't make sense.  I think your ideas and observations are very astute in this area and should be considered.

        I don't have any argument with a balanced budget goal, but my primary problem is that I don't see any way to achieve it through program cuts without causing a major disruption in the economy.

        If you want to leave this topic to another occasion, that's fine with me. But policy discussions need to be both idealistic and realistic.

        •  My statement was confusing (3+ / 0-)
          Recommended by:
          Fishgrease, opinionated, kd texan

          you are correct in that.

          The budget has to get balanced.  My main concern is the economy has an incredibly high risk exposure right now.  International investors have been kind to the dollar, not because we are a well-manged economy, but because of international interest rate differentials and a decline in overall Asian investment.  Neither of those two situations will last much longer.  As a result, the dollar's overall risk exposure will increase.  Because of that, the US has to move towards a balanced budget.

          "You think you can intimidate me? Screw you. Choose your Weapon." Eliot Spitzer

          by bonddad on Mon Jul 10, 2006 at 07:08:56 AM PDT

          [ Parent ]

          •  future topics (0+ / 0-)

            I think we are really in complete agreement on where we are and where we need to be.

            I'm just more frustrated by the amount of idealism expressed in the blogosphere and you are more fearful of the coming crash. Just a matter of degree, really.

            With that said, I suggest future topics of:
            taxes (already on your list)
            labor relations (including international alliances)
            social program funding
            militarism and the connivance of congress in support of useless programs
            plans to make the US more self-sufficient
            issues of the prison/drug industrial complex

            Just as Jerome has done with energy a good series of policy proposals and goals can be used as a prod to timid politicians.

            I just don't want to see discussions of implementation and how to overcome institutional resistance neglected. Otherwise it all becomes just pie in the sky.

            Keep up the good work...

        •  I generally agree with you, but.. (0+ / 0-)

 everything else, the Rove strategy has been:
          "Oh, so you're in favor of deficit spending, are you?  WE'LL give you some deficit spending!!!  HAHAHAHAHAHA!!!!"

        •  BTW (0+ / 0-)

          I finally got all of those rotten tomatoes thrown at me Friday cleaned off by the end of the weekend.  I found a little european beer-wash helped tremendously.

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