In response to:

A Remedial Lesson in Public Finance Economics for the GOP

plainsense Wrote: Sep 08, 2012 8:06 AM
I disagree that the debt is not the problem. It is essentially just another aspect of the problem. Too much spending creates debt. Eliminating the deficits would require stopping all the spending and promising. A large part of the problem is that too many Democrats and Republicans don't realize that we could dramatically downsize government, eliminating whole departments, and the country would do very fine without them. The promising too much problem can only be solved by putting pensions of all kinds on a pay as you go plan. In other words pensions must be financed out of current year spending within a balanced budget, with individual accounts that are owned by the employee, or the current social security payers.
olddog39 Wrote: Sep 08, 2012 12:33 PM
No- pay as you go is a ponzi scheme outlook. For people who are receiving a pension for over 30 years after only working 25 is ludicrous Retirement age should increase substantially based on life expectancies. Both early retirement, COLAs minimum wage mandates are INFLATIOnARY.. When you are paying a good portion of a product's price for retirement benefits for folks no longer working you are in deep trouble!
johnm h Wrote: Sep 08, 2012 9:08 AM
You are really saying the same thing differently. It is the spending and regulatory state that harm the economy. At least debt is market conforming, or was before Bernanke.

Everyone has a cross to bear in life, some sort of burden or obligation, often self-imposed.

For some inexplicable reason, I’ve decided that one of my responsibilities is to educate a backwards and primitive people who seem impervious to common sense, simple logic, and strong principles.

As you’ve probably guessed already, I’m talking about Republicans.

I’ve already identified them at the Stupid Party, but they seem especially ill-informed and clueless on the topic of government borrowing.

I’ve specifically warned that they are economically (and

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