In response to:

A Pea Party for the Tea Party

Andy372 Wrote: Jan 03, 2013 4:56 PM
You are correct. Many people have used leverage to build businesses. However, they used that debt to generate additional wealth/revenue. When the government takes on debt, they are making a promise against future generations' earning potential, and using it to pay for ... short term political gains, payoffs, cronyism. If you examine history, government stimulus has never generated long term benefit, and usually slows recoveries by misallocating resources. Stimulus by tax cuts (especially on those who generate wealth) worked in the 20s, the 50s, the 80s, and 2000s. Short deepening of recession followed by explosive growth that lasts.

Peas are all the rage when it comes to talking about the country’s fiscal woes.

You might remember that in July of 2011, when fighting over the debt ceiling, president Obama- right before he left for his 17th vacation at Martha’s Vineyard that year- complained about congressional inaction by saying that’s it time for the country “to eat its peas.”

From CBSNews:

"I've been hearing from my Republican friends for some time it is a moral imperative to tackle our debt and deficits in a serious way," Mr. Obama said. "What I've said to them is, let's go."

The president...