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1 SidewaysQuark  Mon, Jun 10, 2013 8:02:54am

I feel confident things are improving steadily, too - my biggest worry is that, as usual, we will again flaunt the next “boom” without thinking about the future. I know, to a certain extent, that our economy functions on debt, but this national debt monster really needs some reeling in. The “boom” times are when you are supposed to do that, yet we never do.

2 aagcobb  Mon, Jun 10, 2013 11:21:17am

Of course we do, have you forgotten the Clinton budget surpluses? There is nothing wrong with deficit spending as long as the economy is growing over time; the US has been in debt for nearly two centuries.

3 SidewaysQuark  Mon, Jun 10, 2013 12:15:11pm

re: #2 aagcobb

Of course we do, have you forgotten the Clinton budget surpluses? There is nothing wrong with deficit spending as long as the economy is growing over time; the US has been in debt for nearly two centuries.

There’s nothing wrong with inflating one’s way out of debt as long as the economy grows at a rate that exceeds our debt obligation, relative to our total production. That’s a very fine line - it’s not the simplistic issue right wingers make it out to be, but we need to watch ourselves.

4 aagcobb  Mon, Jun 10, 2013 1:19:00pm

re: #3 SidewaysQuark

There’s nothing wrong with inflating one’s way out of debt as long as the economy grows at a rate that exceeds our debt obligation, relative to our total production. That’s a very fine line - it’s not the simplistic issue right wingers make it out to be, but we need to watch ourselves.

I just wish people in government would show the same concern for the very real current needs of the unemployed ahead of fears of hypothetical inflation at some point in the future. Millions of people’s lives are being devastated by long term unemployment.


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