Durbin: $9T Debt Unpatriotic - So How Is $17T Sustainable?

Discussion in 'Politics & Religion' started by pspr, Mar 18, 2013.

  1. pspr

    pspr

    Wallace to Durbin: If $9T in debt was “unpatriotic,” how can $16T in debt be “sustainable”?

    Answer: It can’t, obviously, which is why Senator Dick Durbin (D-IL) doesn’t respond to Chris Wallace’s point. Instead, Durbin tries to argue that deficit reform has taken place, which is almost as absurd as calling $16 trillion in debt “sustainable” without a balanced budget to, y’know, sustain it (via Doug Powers at the Boss Emeritus’ place):


    <iframe width="420" height="315" src="http://www.youtube.com/embed/rK0vKxEeF70" frameborder="0" allowfullscreen></iframe>

    This is a bit of a rhetorical shell game being played by Durbin in this exchange. Deficits and debt are two different albeit related issues. Durbin wants to talk about deficit reduction, but doesn’t explain that the reduction still produces deficits that add to the national debt.

    Furthermore, the deficit reduction which Durbin claims consists of smoke and mirrors. The reduction is only from earlier projections in the Obama administration based on (a) war spending that’s going to end in 2014 no matter what, and (b) higher baseline spending based on the fiscal and economic crisis of 2008. The truth is that the lowest deficit projected over the next ten years (over $400 billion) is higher than all but one of the budget deficits run by George W. Bush and Republican-controlled Congresses from fiscal years 2001-2007.

    We haven’t solved the deficit problem; we’re actually making it worse. As the deficits accumulate, it makes the debt unsustainable. Pretty much everything Durbin says in this clip is false, including “Chris, here’s the good news.”


    http://hotair.com/archives/2013/03/...patriotic-how-can-16t-in-debt-be-sustainable/
     
  2. These guys really are pro's at this. Keeps a straight face, gives a non answer to the question and never misses a beat. You have to give credit where credit is due. Not just anyone can lie like that. Takes years to perfect it.
     
  3. Illinois-
    If there's a Top 5 Worst States for ...(anything..), Illinois almost certainly on that list.
     
  4. pspr

    pspr

    It's amazing, isn't it? I think after Clinton got away with his, "I never had relations with that woman" on national TV and under oath said, "It depends upon what the definition of the word 'is' is", statements, Democrat lying went to a new level of absurdity. They can't open their mouths without telling major lies with a straight face.
     
  5. They know that none of it really matters anyway. Elections are decided by low information voters who vote on party label, race, envy or perceived celebrity status.

    Most voters are too innumerate to appreciate the fact that a lower "deficit" still adds to the "debt," just at a slightly slower rate.