In response to:
I'm with Guy. How stupid can you get? Do these people run their households this way? No! Why do they even imagine the macro is different than the micro? You can't spend your way out of debt. How irresponsible but how apropos to have Lizzy present the keynote at the dollar poor DNC.
I'm flabbergasted:
Here we have a woman who looks at our $16 Trillion national debt and thinks, we simply must spend far more. After all, China (coincidentally our top foreign creditor) spends roughly 9 percent of their GDP on infrastructure, whereas we spend "just" 2.4 percent on similar projects. We can "do better," she says. The New York Sun's Ira Stoll spoils the statist party by pointing to a minor arithmetic-related complication:
The first problem is mathematical. U.S. gross domestic...
The evil rich are supposed to bail out the people who mortgaged beyond their means and buried themselves in student loans and credit card debt. After all, it's the banks and Wall St's fault. If they weren't doing what they do no one would be so envious of their stuff that they'd think they could live the same lifestyle based on borrowing rather than earning.