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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
National Debt
Posted by:
slam
()
Date: May 02, 2009 01:45PM
Once and for all: Does it matter? Bonus points for answers with links!
Re: National Debt
Posted by:
WashingTone Locian
()
Date: May 02, 2009 02:51PM
pgens Wrote:
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> Sure it matters!
>
> http://tinyurl.com/cqq5c6
I, too, have to give pgens props for that one.
-------------------------------------------------------
> Sure it matters!
>
> http://tinyurl.com/cqq5c6
I, too, have to give pgens props for that one.
Re: National Debt
Posted by:
WashingTone Locian
()
Date: May 02, 2009 02:53PM
O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
Re: National Debt
Posted by:
Vince(1)
()
Date: May 02, 2009 03:36PM
The Cheney/Bush startegy of "deficits don't matter" was a philosphy behind a calculated strategy to eventually force dramatic cuts in spending. They were convinced that their deficit spending policy coupled with a "no new tax" mentality would box in any plans the democrats might have to expand health care and other needd social programs.
Little did they anticipate an Obama!
Little did they anticipate an Obama!