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Why the National Debt Canât Be Paid Off
- Thread starter bearice
- Start date
Quote from trefoil:
It will never be paid off because once Bush blew the surplus he inherited up, the Dems, as a simple matter of practical politics, will never again even attempt to bring in a surplus. Why should they?
Or to quote an astute foreign observer:
The political genius of supply-side economics
Facts and reality have a liberal bias.
Actually, that's a very valid point.... It really doesn't matter which of the two parties is in charge. It's just one of the flaws of the democratic style of government: its incentive structure, almost by definition, encourages short-termism, which leads to severely pro-cyclical policies.Quote from trefoil:
It will never be paid off because once Bush blew the surplus he inherited up, the Dems, as a simple matter of practical politics, will never again even attempt to bring in a surplus. Why should they?
Or to quote an astute foreign observer:
Quote from Martinghoul:
Actually, that's a very valid point.... It really doesn't matter which of the two parties is in charge. It's just one of the flaws of the democratic style of government: its incentive structure, almost by definition, encourages short-termism, which leads to severely pro-cyclical policies.
Yep. Since everyone else thinks I'm one, I suppose I should welcome you to the Certified Idiots Party.
Actually, that reminds me of my favorite personal ad ever: "Certified Idiot Seeks Same. No Morons Need Apply."
Quote from JoePaterno:
there was nothing substantial in the prior trefoil post, so there was no need for him/her to post something "substantial."
Well, the FT pays Martin Wolf to write substance, not fluff. The UK gov (the current, conservative one) brought him in to help with dealing with their banks. I feel quite comfortable saying I posted something of substance that none of you who think I'm an idiot have managed even a remotely coherent reply to.