All the other candidates are more or less in the grow our way out of the budget deficits camp. As is the Fed chair, Bernacy. Well maybe, but carrying the note on 20 trillion is gonna hurt. And should interest rate rise the pain of a 20 trillion note will become unbearable. Also the outlook for growth is not good. Europe is a mess and east Asia is slowing so I don't know where the growth is going to come from except maybe inflation. And as we all know inflation is another word for theif so I am not looking forward to inflation either. And besides deflation is still occurring in all but commonities so inflation is not assured either sans the fed dumping a few more trillion in a QE whatever.
“Newt is proposing keeping spending at 2007 levels, with exceptions for SS and Medicad, how creditable he is on that is debatable, he’s rather late to the cut spending side of the argument. He is better on the tax side then he is the spending side.”
Good point. Newt has the capability of bold action and I am supporting him with crossed fingers hoping he would do so with the budget but talk about moon bases and the like worry me. The most important thing we can do is not to follow Greece to bankruptcy court.
“All the other candidates are more or less in the grow our way out of the budget deficits camp. As is the Fed chair, Bernacy. Well maybe, but carrying the note on 20 trillion is gonna hurt.”
Exactly. Santorum worries me because he has supported a lot of big government spending, though to his credit I think he opposed MediPill. I have no confidence at all that Willard will slash spending. I think Paul and Gingrich are the most likely to try to dramatically cut spending.
And you are right that our debt payments will eat our lunch once interest rates are no longer kept artifically low.