"After my sixth divorce, I started to wonder if it was me?" Greg Allman
Here is the most ironic lesson of this whole debt crisis. The fiscal conservatives supposedly value government services less than the fiscal liberals. But if we follow the fiscally liberal path of compounding public debt, it is almost certain to end in public default and abrupt elimination of expected services and payouts. Sound pretty coldhearted to me. If we take the fiscally conservative route it will be a scaling down of services but preservation of them. Which direction is the compassionate one?Maybe we conservatives should support debt default as a method of budget restraint. In other words, just keep doing what we are doing.
After seeing what the GOP did with the tax cuts, I don't think we'll have much of an alternative.
Yep. We talk all the time about the day of reckoning for the debt 10-20 years in the future. But I think we are already at they day of reckoning for past public fiscal malfeasance. Can we not see how badly our hands are already tied in 2010? It's been a long slow march, so slow that people didn't know it was happening.
This is part of the reason I'm against any tax increases at this point.Every increase simply delays the inevitable and shorts me money in the process.
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