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To: ding_dong_daddy_from_dumas; stylin_geek; stephenjohnbanker; DoughtyOne; rabscuttle385; mkjessup; ...
RE :”The problem is that all the plans for cutting spending happen 10 or 20 years later, after the current office holders are gone.

Of course not. Real deficit reduction measures are unpopular, just as cutting taxes and more spending is popular, to whoever gets it. That is why we have lots of debt, ala Bush and Obama.

How about all those liberal Keynesian expert economists that agreed with Democrats that lots MORE deficit government deficit spending and tax credits was the cure to our housing bubble crash? Who could have predicted we would crash again after the spending sugar high was over, left with lots more debt?

Remember this classic ?
Fred Thompson on the Economy(On the 'Spend yourself to prosperity plan', Dec 3, 2008)

Have you noticed that cutting the FICA payroll taxes hasn't helped the economy a bit? But it did make SS even more dependent on government borrowing. That was the stupidest tax to cut in this situation, but very popular which is why it was.

16 posted on 04/30/2011 7:22:07 PM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs
Early 2009 cartoon. Too bad this and other warnings were not heeded.


17 posted on 05/01/2011 2:35:03 PM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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