OT: US President (US Dom Players only)

[chrispedersen]

Originally Posted by JimMorrison

Yet, Republicans consistently elect Presidents who increase spending at irresponsible, and unsustainable rates..... the irony is astounding.

Jim,

Essentially, there is no way to fix our current problem.
If we elinated *every* government program, we still could not pay our current social security obligations. This is why when people release reports that say SS is broke, and WILL have to be fixed, this is what they mean.

On a somewhat different note..
I absolutely agree that the best of all possible worlds is spending less than our present taxes.

Deficit spending is not always a bad idea. This is why businesses take out loans - if you are going to make money on the transaction - its a good idea.

So for example deficit spending to fund the construction of the internet, or basic research - so long as their is a problable return is smart policy.

Deficit financing of consumption - ie., welfare, on the other hand is generally ridiculous.