I have just finished watching the Republican Nominee for
Vice-President speak. If you will allow me, for the moment to ignore the fact
that he repeated the same hyperbole and misrepresentations that his party has
been trying for MONTHS now, I would like to ask: What makes people say that he
is such an economic whiz-kid?
He seems to have the same problem that the TEA Party does in
that he fails to see that there is good debt and there is bad debt. Good debt
is that which appreciates or enables you to eradicate bad debt. Bad debt is
that which depreciates or which is used to acquire non-essentials and
consumables.
Good debt is the debt you acquire buying a house or getting
yourself a better job. Bad debt is taking a vacation on your credit cards. Good
debt is the government investing in infrastructure and education – those things
that will pay for themselves over time and will enable the economy to move
forward. Bad debt is the government giving HUGE tax cuts to people so rich that
they can't spend what they have.
Not that I have anything against the wealthy – I aspire to
join them some day. The problem is that when the government should be getting
money into the economy and circulating, giving massive tax cuts to billionaires
just puts it into off-shore banks where it represents a drain on the available cash
in the economy.
So, it's not just that he is repeating the idiotic blather
about how the Healthcare reform. Nobody has ever told me why reducing the
anticipated $716 billion in growth to pay to make the processing of healthcare
claims more efficient is "theft." And taking that same $716 billion
and giving it (in the form of vouchers) to health care companies with NO
mechanism to actually control the cost of health care is improving it! It must
be the same Voodoo Economics that has failed to work since the '80s.
De-regulation and giving the keys to the treasury to
corporate America is exactly what got us into this mess in the first place! And
please! Quit taking the "you didn't build that line out of context!"
Because, it makes sense in a different context as well…
When considering the economic dungeon we seem to have been
locked in since the previous president borrowed MASIVE amounts for two
unpopular and unnecessary wars, I can only think one thing: "Yes,
Republicans, you're right! You DID build this!"
Wherever you are today use your own brain and don't let a
party tell you how to think!
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