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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They passed a budget in the lame duck session without buyin from Republicans, and now they complain Republicans won't support the budget that was passed.[/quote] And Republicans did that multiple times before. In fact there has only been one President in our lifetime that balanced a budget, Clinton. Everyone else is responsible for this debt.[/quote] Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single‐minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years. [/quote] Ah yes, and then immediately pissed all the savings away the moment GW Bush Administration needed some tax cuts. Remember what Vice President Cheney said, "Deficits don't matter." Or rather, they don't matter unless there's a Democrat in the White House.[/quote] I was a much younger man then. I had been a Republican but Gingrich and the House Republicans' impeachment antics really pissed me off. I was not yet comfortable calling myself a Democrat and thought of myself as a libertarian. Prior to the 2000 election, I was part of a pretty active email discussion group where I was particularly aggravated by the idea of cutting taxes rather than using the surplus to pay off debt. My Republican friends started parroting the idea that we needed to to cut taxes because we might *pay the debt off too quickly!* Damned if Dubya & Co. didn't get that tax cut passed and send that debt roaring again. I don't think I've taken a "fiscal conservative" seriously since then. [/quote] You will take it seriously when a loaf of bread costs $40 and we start to look like Venezuela with people chasing dogs as food. If you think the U.S. is immune to the laws of economics and mathematics, you are sadly mistaken.[/quote] One day you might be right, but fiscal scolds have been ringing this bell for 40 years and, when they take power, they almost never do anything to rein in the debt. If anything, the "fiscal conservatives" are the more likely to exacerbate the debt through tax cuts and/or war spending. [/quote]
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