Once Again, A Democratic President Cuts a Republican Deficit. Almost No One Notices.

[LakeErieLiberal]

80. This just shows that Democrats do not get it either!!

We should not be cutting the deficit! Democrats are wrong for just being tax-side deficit scolds! The Public Sector Deficit, when it spends more than its income is after subtracting the trade deficit is the private sectors net savings.

With our horrific trade deficit that allows the foreign sector to net save, we are taking dollars out of the private sector...out of people's pockets when we spend too little and try to close a deficit.

It is not a coincidence that consumer credit/debt expanded last quarter as the deficit increased. It perfectly follows from Wynne Godley's Sectoral Balances Model of Aggregate Demand.

This is why I feel compelled to primary Marcy Kaptur. Democrats/Progressives have their hearts in the right place but we don't seem to understand how our monetary system works!!!

Barack Obama (who I campaigned heavily for) and every democrat is wrong for trying to be better at cutting deficits than Republicans! We are getting played by Republicans who just want to give more money to the wealthy and then they trick democrats into being better at cutting the deficit and proving we're "more responsible" than they are.

The United States can always pay interest on outstanding treasury securities. The only way to lower unemployment without the private sector going into unsustainable levels of debt is for the Federal Government to run larger deficits.

We need democrats clamoring from hell to high water for lower taxes on working people, larger social security checks and more government spending!!!

Barack Obama is the Eisenhower of our party accepting the Republicans paradigm!