In response to:

Barack Obama and The Long, Hard Road "Forward" 1977?

duggy2 Wrote: Sep 12, 2012 9:08 AM
No govt should be permitted to borrow at  within means. .cut spending. .raise taxes...print scrip aka fiat BORROWING. ..AT ALL. ..EVER Abolish Fed: Carlin Central banxx
Kibitzer Wrote: Sep 13, 2012 2:42 PM
There is nothing wrong with borrowing if you have a plan to pay back the loan. Unfortunately, there is no plan to actually pay back to borrowed money with anything but more borrowed money. The US Government operates based on a Ponzi scheme basis with no real plan to pay down any of the debt.
Kibitzer Wrote: Sep 13, 2012 2:44 PM
That should be "...actually pay back borrowed money..."

The key phrase in President Obama’s acceptance speech was this:

I won’t pretend the path I’m offering is quick or easy. I never have. You didn’t elect me to tell you what you wanted to hear.

You elected me to tell you the truth.

And the truth is, it will take more than a few years for us to solve challenges that have built up over decades.

This claim displays the sad obliviousness of a well-intended, but apparently befuddled man making a very hollow promise. Getting the policy mixture right would lead to a return to...