[Rhodes22-list] Cost of the war and the nation debt

[Brad Haslett]

Dave,

We may (emphasis on the may) agree on some things.  First, Bush 43 is no
conservative.  Second, our children *will* pay for our present foolishness.
We boomers look forward to recieving our social security 'promises' and
expect our children to fund them.  It ain't gonna happen.  No one either
side of the isle will take on the problem.  Bush tried and got shot down
about as fast as Hillary on health care.  Look up "United States public
debt" on wikpedia and review the material (I teach flying, not economics).
You'll find that as a percentage of GNP, our debt is well below record
levels and the 35th largest in the world.  I'm not saying everything is
rosy, it isn't.  But it is hardly our biggest worry.

Brad


On 1/12/07, DCLewis1 at aol.com <DCLewis1 at aol.com> wrote:
>
>
> Bud,
>
> The reason you haven't felt any pain in funding the war in Iraq and
> Afghanistan is not that we could afford it all out of present revenues,
> rather  it's
> that our fearless, peerless, leaders have borrowed it all.  The  national
> debt
> shows that unequivocally.  Be sure to tell your children that  they are
> going
> to have the opportunity to pay for all the present  foolishness.
>
> Given the above, if I understand your post,  you are proposing
> we  continue
> borrowing  - because borrowing is exactly how we've made it this  far -
> and use
> that borrowed money to pay off the national debt.  Seems to  me you don't
> pay
> off a debt with more debt to get out of debt; maybe I've
> missed  something,
> or maybe I've misunderstood your post.
>
> Taming the unbalanced budget syndrome is a big problem - and
> it's  residual
> symptom is the national debt.  It's going to take some pain,  focused
> choices,
> and persistence if either the budget is to be balanced or the  debt
> reduced.
> Clearly, the "new conservative" Republicans couldn't do it,  let's see how
> the
> Dems do.
>
> Dave
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