02/06/10 Stockholm, Sweden – Despite the lack of any sustainable, long-term financing solution — and record debt levels — it seems one of the only thing Democrats and Republicans can consistently agree upon is more and more spending… whether through taxes or debt.
As Jesse Felder astutely points out, it’s a really unfortunate case of the pot calling the kettle black.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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I think it should have said, “Your fiscally irresponsible policies have ruined this country”.
Its pretty amazing how these politicians and the citizens that elected them have driven this country to its current state.
Between outsourcing our manufacturing base to foreign countries to insourcing foreign workers to replace US citizens, our politicians and corporations have destroyed what used to be a descent country.
80% of Federal dollars go to five wildly popular programs (Social Security, Medicare, Medicaid, Interest on the Debt and Defense.) Congress is spending dollars EXACTLY how the people want them spent! NO real money is going to: Israel, illegal immigrants, farm programs, earmarks, huge Federal payrolls, etc. People are shaking their fists in the air about wasted government spending. That isn’t the problem (it’s not even reality). The problem is we like and want ALL our benefits and we don’t want to pay for them.
With the democrats borrowing 4X what the republicans do your point is somewhat inaccurate.
Anyone watching closely has to give republicans the edge for desirability. Of course that is like saying “this food tastes better than sh it. With the democrats being the sh it.
Our lives revolve around money and determining what it is worth minute by minute anymore and how much credit one is worth. This has morphed into money will fix anything no matter where you get it or how. Pitiful