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Motown_Johnny

(22,308 posts)

8. Exploding the deficit worked... in the short term

Reply to Mass (Original post)

Tue Oct 1, 2013, 12:15 PM

Oct 2013

Projections have us stabilizing the debt at around 75% of GDP. Once that happens, if we can increase revenues we can actually start to shrink the debt.

It will take decades, but this mess can be cleaned up. We need higher taxes to do it but that is not impossible, in the long term.

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Highlight:

The GOP Might Lose the Shutdown Battle, but It's Already Won the Spending War [View all] Mass Oct 2013 OP

Don't tell most here... Phillyindy Oct 2013 #1

"That while they are laughing at the right they are winning" ProSense Oct 2013 #3

I don't think people are laughing at the right - i think they are angry with them el_bryanto Oct 2013 #5

horse manure spanone Oct 2013 #7

This is what compromise looks like. Ikonoklast Oct 2013 #2

Indeed... Chan790 Oct 2013 #4

People will demand it. The insurance companies are now publicly-controlled utilities. Ikonoklast Oct 2013 #6

Democrats should not want to shrink the budget right now. BlueCheese Oct 2013 #9

Sorry, but the trend lines for spending and interest debt were real, and a real threat Ikonoklast Oct 2013 #10

Krugman described the debt as a "medium-term" problem. BlueCheese Oct 2013 #11

Exploding the deficit worked... in the short term Motown_Johnny Oct 2013 #8