Monday, April 19, 2010

No, Dick, Deficits *do* Matter

I guess when VP Cheney famously said "...deficits don't matter" the Tea Partyers were either still snoozing on those couches (GOP Rep Boehner again) or maybe they bought into that fiction then, before they later decided they were against deficits. The Flip-Flop narrative doesn't feel good when it gets flipped back atcha, does it. Well, they're right now, deficits do matter, but can't we all acknowledge that the current debt crisis is the consequence of Bush's 2 major unfunded tax cuts not to mention his 2 wars (Afghanistan is a just war, but we didn't finish the job when we could have), and the *increase* in entitlement programs - none paid for with offsetting spending reductions?? I guess that's stating the obvious...or is it still considered "unpatriotic" to offer critiques of the Bush administration?

So what do we do from here? Whether the CBO's projection that the Health Reform Bill is actually *deficit positive* proves to be exactly accurate, at least this bill represents a PayGo philosophy, something not considered in the $5 trillion debt run up under Bush. How about a bipartisan effort to tackle the debt? President Obama had to sign an executive order to establish a bipartisan panel to look at ways to reduce the debt after the Senate GOP blocked bipartisan legislation to create a similar panel with more teeth.

From where I sit, it looks to me like the GOP is going to keep [covertly, disingenuously] routing for Obama (and thus America) to fail at any cost in order to gain back control.

No comments:

Post a Comment