Re: 10 failed doomsday predictions
Posted: Fri Nov 20, 2009 2:00 am
Riverwind (imported) wrote: Thu Nov 19, 2009 10:14 pm Mac, history 101, This country has always had debt, from day one, its part of our system its part of who we are, I believe it was Hamilton who set up the stock market and said debt was a good thing and its been that way ever sense. Look it up.
River
Yes, MANAGEABLE debt is a good thing; that is how the middle class could afford houses and create a growing economy; a balanced budget is one of those esthetic ideals that really isn't practical. We had a balanced budget in 1930. Nothing came in; nothing came out, and then in 1933 FDR started spending and SLOWLY the economy came to life.
But spending money on wars is rarely a good idea; sometimes it is simply a necessity, but it is always bad because you never get the money back, bullets and bombs are simply wasted because they blow up, better to spend it on dams, highways or healthcare because you get something for it. And starting a war to track down Osama bin Laden and then invading Iraq because Dick Fucking Cheney wants their oil because he's committed to an antiquated energy policy is the height of stupidity and irresponsibility, unless it is voting for those morons in 2004 when you already knew they were ruining the country.
GM has laid off thousands, declared bankruptcy, cancelled their health insurance because they simply can't afford the current wealthfare system that dumps billions into insurance exec salaries rather than healthcare. We can't afford the bloated, bureaucratic, non-professional wealthfare system that the Republican party is determined to defend to the last man.
And the late, unjustly admired Ronald Reagan stated that one of his administration's goals was the abolition of Social Security; just think of the misery and poverty that son of a bitch would have caused if he had succeeded. Now you know why God in his infinite Wisdom allowed for the existence of Alzheimer's Disease, so there was a fitting end to Ronald Reagan's life.