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Bill O'Reilly: What the Debt Deal Means to You
FOXNEWS ^ | August 01, 2011 | Bill O'Reilly

Posted on 08/02/2011 9:28:42 AM PDT by Son House

If you want less spending in the future, you will vote for Republicans next time around. If you want to continue with the big government philosophy, you'll vote Democrat.

If the GOP wins the presidency, the Senate and holds the House, then we can expect a radical transformation in Washington. That is, massive spending cuts and hopefully a new tax code, which would raise far more revenue than the class warfare system we have right now. The truth is we need more revenue in America, and the far right should understand that.

A New York Times editorial on Monday says: "Democrats won almost nothing they wanted except avoiding default."

That is a signal to liberals that they should be angry that the government will have to cut spending while not raising taxes. Already the far left is mobilizing to voice displeasure with the deal:

PAUL KRUGMAN, NEW YORK TIMES COLUMNIST: From the perspective of a rational person, in other words a progressive, on this stuff, we shouldn't even be talking about spending cuts at all now. We have 9 percent unemployment. These spending cuts are going to worsen unemployment. That's even going to hurt the long-run fiscal picture because we have a situation where more and more people are becoming permanent long-term unemployed.

(END VIDEO CLIP)

You may remember Professor Krugman supported a massive stimulus package, saying it would bring down unemployment, and it didn't happen. Instead of learning his lesson, he's demanding more stimulus spending. And this guy teaches economics at Princeton University? Unbelievable.

It is important to understand the mindset of President Obama and the political left. Even though the country is in dire economic trouble, largely because of liberal policies, they simply will not acknowledge that.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: deal; debt; economy; oreilly
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To: LibLieSlayer

Agreed.

I’ve never liked BOR. He has always reminded me of my ex-wife’s father (an arrogant, perverted blowhard that lives in an echo chamber surrounded by neophytes and boot-lickers singing his praises).

It’s difficult to believe that there are enough idiots watching this bloviating butt-head every day to justify keeping him on the air.


21 posted on 08/02/2011 10:53:13 AM PDT by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: subterfuge

“lightweight” is giving that bloviating butthead too much credit.


22 posted on 08/02/2011 10:54:19 AM PDT by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: Son House

This schmuck is the last person I’d turn to for information about what the debt deal means to me.


23 posted on 08/02/2011 10:54:32 AM PDT by Clara Lou
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To: Son House
Put people to work and BAM! more revenue for the government.
Give business some confidence and they'll start investing and hiring and taking risks and BAM! more revenue for the government.
24 posted on 08/02/2011 11:29:52 AM PDT by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: LibLieSlayer

I live to hear Ted Baxter explain what everything means to me. Now I feel so much better.


25 posted on 08/02/2011 12:58:17 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Ernie Kaputnik

He is indeed a disgusting elitist poser.

LLS


26 posted on 08/02/2011 3:59:56 PM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: Georgia Girl 2

Hee hee... you bad!

LLS


27 posted on 08/02/2011 4:02:35 PM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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