Reply to "Damn Right Amazon Runs a Fucking Deficit and So Should America"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Government could probably run a 1-2% deficit in perpetuity. [/quote]

My cat could probably fly in perpetuity, after one good jump.[/quote]

If the economy grows at a 3-5% clip and the deficit is 1-2% of GDP ... the debt/GDP ratio will constantly be shrinking.

Now running deficits to fund operating costs is foolishness -- [b]too many people want the goodies government provides but are unwilling to pay the taxes[/b].[/quote] The people who want the goodies are not the ones paying taxes.
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You're right, I'm pretty pissed that I pay 35%+ in tax while Mitt Romney pays an effective rate of around 10%.

Too bad I didn't buy a yacht or some dressage horses - I could really use the tax break. [/quote]   yup--taxes are no  problem as lng as someone else is paying them or paying more, and of course obly rich republicans tax advantage of current tax laws... :roll: 
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The united states of America is not a theoretical entity. It is a nation of people.  A small number of exceeeeeeedingly rich people, and a growing number of poor and barely-holding on people.

When the US is identified as "the richest nation in the world" that paradoxically has one of the highest child poverty rates, lowest performing schools, ballooning unemployment, underinsurance, and falling health statistics, something is going on.  And you can find out what is going on by examining historical trends within our own country, as well as what's going on in our peer developed countries.  This gives us enough of a natural experiment, if you will, to extrapolate some important truths upon which to base our upcoming policy decisions.

What seems quite evident from examining these data is that the rich are drinking all the milkshake.  And we have a LOT of milkshake.  When it goes in a very small number of people's bank accounts, rather than go to the rest of Americans (via higher employment *and* wages, primarily--that's one of the best ways--but also via Social Security, health care subsidies and cost-cutting measures, child care subsidies, education supports, and so on) American suffers.  In fact, in a few more generations of this nonsense, the big fat corporations are at some point going to find that they've destroyed their own best consumer market by squeezing us all dry.  Small business will have even less opportunity to thrive. Who will buy their goods (unless it's Walmart prices and quality)?  How will we get things from A to B without roads?  Who will be the innovators without sufficient education?

I've lived in countries with a wide gap between a lot of very poor people and some much small number of very rich people and a few folks in between. These are not nice places to live. Even if you're one of the very rich. It involves fear, living behind bars and barbed wire, driving cars with protection, seeing swaths of poverty on what otherwise could be nice middle income homes... I really do feel like we're heading in this direction.

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