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Don't Cave GOP, This Time Deficits DO Matter

Douglas32 Wrote: Dec 15, 2012 11:21 AM
The government is broke, so broke that even a miracle can't save it. The government has enslaved so may people that the one riding in the wagon almost exceed the numbers pulling the wagon. What can those of us who are pulling the wagon do? Certainly one course of action would be to relocate to another country. I am at a loss and am so frustrated to see this country go down the proverbial toilet.
Texas Chris Wrote: Dec 17, 2012 8:36 AM
We could decouple ourselves, state by state, and go our own ways...

Do deficits matter? Conservatives have sometimes claimed that they don’t. Dick Cheney has said on more than one occasion that, “Reagan taught us that deficits don’t matter.” In fact, he said that to me personally once.

Supply-siders like me have often downplayed the importance of deficits, arguing as George Gilder and Jack Kemp argued in the 1980s that we can ‘grow our way out of it’. But we can only grow our way out of it if we actually grow. And if we don’t grow, there comes a time when debt grows to the point where it really is unsustainable.

That’s...