Sagarin wrote:
If we reformed the tax code to broaden the revenue base without creating malincentives for corporations, improved our education system, incentived capital to come back to our shores, and started on a scalable energy infrastructure tomorrow, we could create millions of white and blue collar jobs. But we have no interest in doing that. Instead, we want to subsidize fat people, adopt a European model when that model is breaking down rapidly, and further misallocate tax dollars as per TARP and the stimulus. This was no ordinary recession. It was some 30 years in the making. Rogoff's study is a minimum read for you Key Stone. We're at the point of no return, and more debt isn't the solution, as it would be in an ordinary recession.
Oh please. How can you believe that nonsense, particularly when most if it is just a flat out lie. You and your cronies didn't give a rip about the debt, or consumerism or any of that until you weren't in power. You're nothing but a conman ginning up a crisis. You've clearly never worked an honest job in your life or what's happening would really piss you off.
A simple look at history and a passing knowledge of economics will should you that there has NEVER been a nation that successfully used austerity to grow out of a crisis. NEVER. So what you're saying is you know your solution has failed each and every time, and been proven to have never worked in all of history, but you want to give it one more go. Now honestly, what would you call someone that suggested that?
Now the Rogoff study is basically more ideological clap-trap that conservatives swallow like Linda Lovelace. It ignores that fact that concentrating just on debt stunts growth, and growth is the fastest way to get out of debt. You need look no farther that Ireland to see how quickly what conservatives are proposing can quash a recovering economy. Sure, using a few scary numbers sounds impressive, but it's not a solution. The conservative's solution is "you have pain from a broken leg, so take this painkiller and since my leg isn't broken then both of us will be pain free and better off".
As far as you having no interest in "screwing over the little guy" that's exactly what you're proposing so clearly you're interested and it's pretty much the only thing you and other conservatives care about. When you have an honest job you should be expected to get rewarded for your hard work, but you're clearly against that, so if that's not "screwing over the little guy" I don't know what is.