Obama’s Risky Debt

Dear Republicans posting comments on this blog.

Please do understand this when commenting about Obama's bad Economic policies because of deficits.

YOU REPUBLICANS HAVE NO, CERO, ZILCH, NADA, NONE credibility left when it comes to advice, complain, or even suggest anithing that has to do with financial responsability.

You want to regain credibility and have the right again to complain about high deficits? FIRE ALL YOUR ELECTED REPRESENTATIVES that served for the last 8 years.

Got it?

Dear Mr. Samuelson.

Would it be too much to ask if you stop writing about our current economic problems in the abstract?

Is it in your mind "irresponsible" for Obama to let his Treasury department request the money necessary to bail out our financial system ? Is it "irresponible" in your mind for Obama to simply look the other way and risk our current recession turning into a depression by simply hoping for the market forces to self-correct ? Is it "irresponsible" for Obama to follow established word class Economists, and Nobel laureates recomendations in his Economic agenda?

Fact is Mr. Samuelson that as much as you want to ignore it, Obama was given a lousy hand to play with from the get go. Obama as you know not only inherited trillions of Dollars in deficits, and commitments by the previous administration,, but also a program to salvage the collapse of our financial system that was absolutely necessary and like it or not costs trillions of Dollars.

If you don't like Obama's policies because they create incredible deficits, and are justifiably nervous as to our future as a country I can understand it . But what I can not understand is why you can be intellectualy honest , and accept that the set of problems that we face don't mend for free.

What you want is a free luch my Journalist friend. What you want is for a President to say we can re-establish our financial system to health , and get back our economic strenght with no expenditures. What you want is for our social programs to fix themselves, and our environmental mess to simply go away.

You would make a much better journalist if you would see problems in an analytical way, instead of coloring them with personal held ideas. Every Economist in the world will tell you that the one time when deficit spending is desirable is in a recession..... We are in the big recession Mr. Samuelson, in case you forgot.

Time will come to talk, and demand Fiscal responsability. It will be demanded from Obama, and he will have to answer for it. But now Mr. Samuelson is not the time.

President Buckwheat and the rest of Spanky's Gang (George Soros) won't be happy until they have succeeded in turning the USA into a 3rd world country. You democrats should be so proud of your efforts to insist a complete moron now occupies the White House. Just wait until they demand we all learn the Asian languages so we can speak coherently with the people these idiots sold us out to. After all, it's justified through higher taxes and they don't care because no one in the current administration ever paid their fair share. Just remember, our ultimate defeat was brought to you by the people that will kill innocent children in the womb, but won't tolerate the execution of an aged adult that has committed murder or is hell bent on committing terrorist's acts against our fellow citizens. God save us from these fools.

Dear Mr. Samuelson.

There is no political party, or politician alive in the U.S.A. that will do anything about our deficits for the simple reason that if he/she does, their job would be immediately be lost to a mob of angry voters. There's no way an entrenched system of fat cats at all levels of government, and industry will let the necessary bills pass to start putting our house in order.

That's the reality. Please stop blaiming Obama alone for it. Republicans, and McCain "as President" can't do any better, and you know it, and in your article you conveniently forgot to say it. By the way Mr. Samuelson stop pretending that the media is not attacking Obama's deficits because he is ... Obama. For years Bush created the largest deficits in the history of man kind, and if you are HONEST with yourself Mr. Samuelson, you'll be the first one to admit that no one in the media paid much attention either.

Speaking of honesty for the longest time the American people have allowed their political representatives a free pass on honesty. The reality is that our deficits will be monetized, and inflation will be the tax we will pay to make our deficits more manegable again. Of course the rest of the world will go along for the ride with us... Or are we the only ones with enormous deficits Mr. Samuelson? Have you cared to check England's, and Japan's, and most third world nations?

So as long as we are in the subject of honest reporting Mr. Samuelson , please stop politicizing a debt that belongs to all of us Americans, and not to one political party, and admit that the solution will come not from politics or politicians , but from the cruel reality of not having enough to pay for decades of living beyond our means.

Dear proud republican

You party has not a darn thing to be "proud" about. Unless you are proud that you looked the other way while for 8 years your President created the largest deficits in the history of humanity, and now that Obama is in you "found" your Fiscal responsabilities again ... It's a miracle !!!!

Unless you are "proud" that you started a war in Iraq on false pretences, and made a mess of it to top it off.

I can go on with torture, outr standing in the world, our budget deficts inherited from you, your response to Catrina, and on, and on.....

But let's just live it at that... And say that if you are "proud" of your record, then you most be working for Al Quaida, and be a friend of the people that hate us around the world.

Wow, when compairing deficits, why don't you do your job and actually compare them to what Bush was really spending? I love how extremist journalists pen jeremiads about deficit spending while ignoring Bush turning a 4 trillion dollar surplus into an additional 4 trillion in debt. let us not forget that he did this with unsustainable tax cuts that helped few and with defense spending that was both wasteful and unnecessary. If government deficit spends on public goods that will enhance and grow our economy, then over time that larger economy will pay for the increased national debt. See New Deal and Great Depression, a good starting point for public policy discussions for anyone who actually wants to be taken seriously.

Usually I go on and on because I take into account everything. But right now I am going to quote jt74 and his remark, "with defense spending that was both wasteful and unnecessary"

As a soldier I can tell you that the defense budge does not just buy guns, ammo, and new vehicles. That is soldier paychecks as well. That is where we American's that devote our lives to your defense raw our already ridiculously low pay. I have to support my family on $1800 a month (+/-) as well as purchase all sorts of gear and uniforms. When I outgrow my uniforms I cannot always just trade them for new ones, I have to buy them. When it comes to dress uniforms, I buy them. I have to pay for everything and I never have anything to save, I don't even have money to take my son off post to enjoy his weekends that he gets to spend with his already ghost father. Defense spending is far from unnecessary. Not to mention that alot of soldiers are still working with obsolete equipment that is 10 or more years old. I went through my first tour with some gear that dated back to Vietnam and Cold War. Don't be fooled into thinking just because you hear Defense in the budget that it is all about guns and ammo.

2 comments:

1) Everyone is ignoring the massive spending? Are you serious? What do you think the tea parties were about all around the country? Responsible people are noticing, Mr. Author.
2) Your headline is wrong, it should be, "Obama gambles USA's future" you are making it seem like it's just politics! It is so much more serious than that, Mr. Author.

Mr Samuelson - The analogy for your shrill call to watch out for rising debt is just like the Republicans shouting to everyone to conserve water while the entire neigbourhood is on fire. And to extend it further, the Republicans are preventing the firemen for coming to put out the fire -- and the most ironic of all, the Republicans caused the fire.

Yes, Obama's budget is risky. But times like now call for leadership and leaders take risks. Bush was not a leader because he just took blind shots. He manipulated the data to justify his actions. He was arrogant and unwiling to compromise. Bush allowed Cheney to lead him by the nose. Bush was a loser. Obama is a winnner.

You cannot bring about prosperity by dicouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help the wage earner by pulling down the wage payer. You cnnot further the brotherhood of man by encouraging class hatred. You cannot help the poor by destroying the rich. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by taking away man's inititive and independence. You cannot help men permanently by doing for them what they could and should do for themselves.