Just how many more trillions of dollars of debt must we pile up before it will be the right time? And is there any reason to believe that when that time comes (sometime after the Second Coming, I suspect) that any politician other than Ron Paul will agree to real cuts in the budget?
Unsurprisingly, that page did not answer my question. An appropriate answer would be something like this: "After the debt reaches $36 trillion we can balance the budget." Although I would like to know how the magic number is derived. The Japanese have been trying to borrow their way to prosperity ever since their stock and real estate markets crashed at the end of the 80s. All they've got for that policy has been a 20 year Great Recession.
The paper argues that cutting government spending causes some short term and medium term pain. Yup, for a couple of years after the cuts we would be hearing about more unemployment and the like. Then we would have a chance at real recovery. Following the Japanese approach, as we are doing, means we won't have a recovery in 20 years. Much of the money the federal government is spending is on useless things, such as defending Germany from an invasion by the Soviet Union, or paying educrats in the Department of Education to screw up our public schools. I fail to understand how an economy is strengthened by borrowing money to do things that don't need to be done.
You mean Veterans??? http://www.infowars.com/veterans-active-duty-soldiers-to-march-on-white-house-for-ron-paul/
Sounds like you are into Santorum stuff! :eek: Yikes! Media Ignores Santorumâs Support For Accused Child Molester Sandusky Monday, January 9, 2012 While the establishment media has ceaselessly smeared Ron Paul for the controversial content of decades-old newsletters that were not even written by him, the comparatively shocking scandal of Rick Santorum having sponsored alleged child molester Jerry Sandusky has been almost universally ignored. Santorum, who has cultivated an image as a clean-cut social conservative trumpeting family values, nominated Sandusky for a âCongressional Angels in Adoption Award,â after Sandusky had already been accused of at least five cases of child molestation. âIts philosophy is simple,â said Santorum of Sanduskyâs charity, âIt is easier to develop a child than to rehabilitate an adult.â âSince the scandal broke into the news, Santorum has been circumspect in his comments about it. He has said he does not know Sandusky personally,â the Philadelphia Inquirer reported back on November 9. Following the revelation of the charge that a Penn State graduate assistant spotted Sandusky allegedly anally raping a young boy in a shower and then told head football coach Joe Paterno, Santorum defended Paterno, who did not inform the police of the alleged incident. Despite Santorumâs surge before last weekâs Iowa Republican primary that enabled him to virtually tie with Mitt Romney in first, the establishment media has uniformly failed to highlight how his sponsorship of Sandusky underscores Santorumâs hypocrisy when it comes to âfamily valuesâ. http://www.infowars.com/media-ignores-santorums-support-for-accused-child-molester-sandusky/