re: #277 000G

I don’t know if that is what they did. Foremost they brought about a downgrading of the US credit rating. And they deceveived the public about what raising the debt ceiling meant: In their narrative, increasing the limit on new spending, when it actually was just authorizing the payment of bills that would have come due anyways because of obligations already authorized.

This touches on the “uncontrolled” aspect of spending. Is it really uncontrolled or just inevitable? Is the kind of “control” the GOP told the public about not just fictitious at best and fiscally dangerous at worst?

I don’t think a serious, popular debate about this has even begun. If anything, the GOP has prevented it from happening. That’s not to say that the Democrats have been of any help, either.

It’s a lot like the OWS protests- what was actually accomplished is subject to debate.

That the protests put the financial industry excesses into the sp[otlight is beyond doubt.

Responsible spending is indeed inevitable.

Out of control spending is not.

And on that note, I’m outta here.

Later, all.