Quote from denner:
Yes, the Republicans and the Democrats love to spend money. That's why it's so completely absurd to even debate the "left vs right" grandstanding. Of course, once the Tea Party was hijacked and then demonized, the whole fiscal debate became a three-ring circus...and it's not going to be solved anytime soon.
Let's be realistic. Raising taxes, closes tax deduction loopholes won't put a dent in our deficit. Cutting spending to the bone probably won't do it either. And neither are realistic with all of the lobbyists sitting around the table dictating which side gets what.
As far as debt to GDP goes...well, we're now in the "WTF" stage of QE and its impact on generating any growth is pretty anemic. Rock bottom teaser rates to try and create an echo bubble in RE isn't going to revive this economy. Odds are good that the shit is going to hit the fan and GDP will not be whatever they project it to be...more layoffs, more entitlements, greater Debt to GDP, etc, etc...we haven't reversed that trend and we may never reverse it.
Now you are starting to make some sense, at least to me. This sounds like you may be getting close to what is at the heart of our problems.
But I think you've still been missing some important factors- which is: WHO is accountable for the mess we're in.
And: HOW do we fix it?
It sounds like, from much I've read from you, that you've been putting maybe all of 100% of the blame on Obama's shoulders.
I'm not hearing much mention from "your side" that the Bush admins opened a floodgate of spending, before handing the ball off to Obama.
If Obama had clamped those floodgates shut the moment he had taken office, he'd likely be burned on a cross for that too. We might also be in a hell of a lot bigger mess than we are in now, had the government not given its assistance.
Did you hear Paul Ryan give Joe Biden a retort during their debate when Biden pointed out that he had multiple emails from Ryan asking for some of that "bail out" money? Because I sure as hell didn't.
I hear a lot of people pointing their fingers at the current administration and all of the "mooches" who voted them in, saying "Look! The Dems are partying like it's 1999 on our dollars."
I'm really not hearing anyone saying that we Americans, in general, have been partying with our planet's resources (it's lifeblood) like it's 1999 for a loooooong time now.
You may also concede to defeat now, but I'm not. If the so-called shit hits the fan, so be it, but I won't say I'm giving up on America because we owe a few bucks.
If anyone's got any solutions, I'd love to hear them, and will gladly pass them along to congress.

