It doesn't sound that complicated. Why can't it be done?
It can. It largely did so from 1790-1980, with exceptions like WWII. So let's remember that this inability is a modern phenonema started under Reagan - and that the people it benefits might surprise you, but let's just say that his pro-wealthy agenda wasn't at odds with his growth of the debt, and that in this period the wealthy - only - have *skyrocketed*.
I agree that a lot of the spending does not actually help the poor, actually a lot of the things they spend on in DC hurts the poor.
Then why are democrats always opposed to spending cuts?
Why are they always opposed to shrinking the size, influence, and scope of government?
[/URL]Socialism destroys capital resources. And when the money runs out, a nation ends up with angry, spoiled adults such as those protesting in Wisconsin who have been happy recipients of years of artificial prosperity. Panicked and enraged, they boldly demand that their neighbors continue to support them in the lifestyle to which they have become accustomed. They have no interest whatsoever in hearing about economic reality.
To the progressive, of course, the solution is simple: Tax the rich! But, as every idiot knows, taxing the rich is a dead end. Even if you imposed a 100 percent tax on everyone making over $1 million a year, it wouldnt make a dent in the problem and, in fact, it would make things worse because it would eliminate the motivation of producers to work.
Not the perfect thread for this but I don't think it warrants a new one. Some will enjoy reading this and others will continue to be in denial.
[URL="http://blog.robertringer.com/2011/02/22/the-new-baseline-strategy/"]The New-Baseline Strategy[/URL]
It's about special interests. A few people benefit a lot from a spending program, and everyone else gets hurt a little from taxes or the deficit. The few people who care a lot are able to influence the process a lot more than everyone else because they have more to gain or lose. Using the teacher situation in WI as an example its a lot easier to get the teachers to come out and protest for their cause then it is to get everyone else who opposes them.
It's not hard during good times, unless you are a supply side Republican, but during these times, it would result in a prolonged depression to have both public and private sectors pull back simultaneously. You want government spending that is countercyclical, not cyclical with broader economy.
