Originally posted by: Lemon law
Originally posted by: Hayabusa Rider
The Reps have pretty much chased away it's real conservatives. Pretty much what's left is those who want war at all cost and love to spend, just as long as the money spent is on Iraq.
I have to somewhat disagree with Hayabusa Rider because we all have to remember what happened to GHB who promised to be another Ronald Reagan clone. And GHB then discovered that eight years of financing the policies of Ronald Reagan with the national credit card had left mother Hubbard's closet bare with no way to borrow more. And GHB had to gasp say more
read my lips gotta raise taxes and have more governmental sanity. It took 10 years to claw our way out of that debt hole with the combined help of GHB, Clinton, and a more rational congress all somehow managing to work together on a somewhat bi-partisan basis.
Paving the way for a GWB who proceeded to squander all the progress made in those 10 years in his first 18 months. And now is clawing his way ever downward and has already increased the national debt from 6 trillion to a current nearly 9 trillion. The real question is can the cost of servicing the interest on the debt, which in turn depends on keeping interest rates very low, continue even into 2008. But if interest rates rise before the election of 11/2008, it may well be a nation disaster for both the country and especially the GOP.
But I think the policy of putting unrestricted debt on the national credit card has about an eight year limit. Then the piper must be paid. The Republicans may well be wanting to let the democrats have the onus of being that pay master after 2008. And also will have to be very careful about the candidates they run. The American people may be stupid enough to allow the GOP to foster the myth that they are the party of fiscal restraint, but reality does have a habit of catching up to myths.
Bottom line the chickens of bad public policy always come home to roost. GWB&co may be lucky enough to be out of office when the debt chicken comes home, but extremely unlikely
that the debt chicken will wait until 2013. We better have some real pragmatists in office because no amount of political spin forestalls the banker when he decides to foreclose.