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Name:
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copperline
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Subject:
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Paucity of any good economic news
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Date:
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7/26/2011 9:03:12 PM
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This is nuts, and the degree to which some forum members think this situation is going to be managed and averted by blaming Barak Obama & 'the other side' is ridiculous. If we plunge into default, it will be because the Dems and GOP are more like 2 opposing armies bent on destroying each other rather than leading the country, and if we get too much closer to this self inflicted disaster..... everyone I know will suffer, less so the most wealthy Americans... some of whom may think they live on this Lake. The Republicans, champions of the wealthy, are about to run this ship aground for the rest of us.
Face up to it. The Democrats AND the Republicans have spent money, raised taxes, wasted money, built armies, invaded where it was in our national (economic) interest. Internally, we have grown a pretty big public welfare system, but the entitlement programs are just a small part of the pie...... We HAVE to take care of the infirm, the sick and disadvantaged to qualify as a Civilized Society.,,,do you want to just let people die in the streets? But more to the point, the middle class has been the largest beneficiary of government public welfare expenditures. Those parts of the public welfare system keep us safe, keeps the roads paved and the lights on, develops & maintains the infrastructure in a thousand ways. All those govt contracts trickled down onto mainstreet by plugging money into local economies. Heck, I do believe the lake was built with public welfare dollars....
People who constantly carp about eliminating taxes are engaged in herd mentality, plunging forward with their rhetoric until THEIR social benefits are cut. We don't hear them talk about reducing funding to public education, law enforcement, MILITARY retirement benefits. There is a myth that "plenty of money for what I want is still going to be there". And most of us scarcely consider the benefits of US tax dollars that flow to us or those we deem "worthy of help". When the nursing home tells you that Medicaid no longer pays for grandma, you'll need to write them a check for several thousand a month. No worries, right?
As a country, we have often been unwise and arrogant. The Tea Party's flirtations with disaster epitomize that mentality to me.
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