The debt is unsustainable, and even those spending know it. But is right now the time to freeze all spending?
One of the reasons healthcare reform was pushed through now rather than later is for the economic impact - as it's a sixth of the economy, it's a longterm attempt to save trillions in the future, and to help medicare/medicade too.
In the immediate short term, we need jobs. People have to stay alive - to not be homeless, to eat. People with income spend. Spending grows the economy, ends the recession.
It takes money to create jobs out of nothing in a stagnant economy with no growth and 10% unemployment.
There will be no jobs created, as this week our government - the GOP primarily - wants zero spending, thus is blocking the jobs bill. Further unemployment extended benefits have been fillibustered - by the GOP - so now we have hundreds of thousands of people that haven't had a job for months on end, and still have no job prospects, but now have no money to minimally eat and live. It was literally cut off this week (last week I think) Tax cuts won't help these folks.
So we are not going to spend, and add to the deficit, and these people are literally sitting there this week with no food. In America.
No more spending - not one dime - is the line in the stand the GOP has drawn this past month. It's the hill they have chosen to die upon. You want no spending, Joey, it's happening.
The rest of the G20 agrees (with caveats). We'll see how that works out, for our country and the world. I think it's gonna get very, very ugly.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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