Final-Fan said:
Nymeria said:
Ryan's plan is pretty simple. Lower taxes, panic about deficit, cut major programs (social security and medicare).
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It's hard to believe—but clearly true—that people are still embracing the fantasy of "starve the beast" in this age of endless deficits. It's obviously not going to happen until the weight of the debt is so stupendous that the consequences will shatter the economy. The only option for small-government aficionados is pushing for honest austerity (cut spending now, cut taxes when the debt is under control). Oh, but that's unpopular. So let's just play pretend.
Not that Democrats are let off the hook. Their fantasyland just happens to be somewhat closer to reality, by pure luck.
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The issue on deficit has been regardless of who is in power and regardless of how the economy is doing the "compromise" is always to cut taxes and increase spending. There will be a breaking point where something gives and we see a rise in taxes and cuts in spending.
What is frustrating is the hypocrisy of panicking about the deficit if one party is in power and then behaving like it is not a big deal under the other. Liberals and conservatives in the past forty years have each had complete control at some point and yet we only got a balanced budget once (when control was split) thanks largely to a bubble period.