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Two camps

05 Feb

On the national debt.

”There does not exist an engine so corruptive of the government and so demoralizing of the nation as a public debt.  It will bring on us more ruin at home than all the enemies from abroad …”  ~ Thomas Jefferson

“I’ve always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.  But that only became terribly relevant in 2008. What made sense in 1985, which was to say, “the Fed just stabilized the economy and the government should try to run good bookkeeping” does not make sense in the world we’re in right now because this is a once-in-three-generations crisis which has pushed us into a situation where somebody has to spend to support the economy and that somebody pretty much has to be the government.” ~ Paul Krugman

“U.S. debt is, to a large extent, money we owe to ourselves.” ~ Communist, Paul Krugman

“I consider the fortunes of our republic as depending in an eminent degree on the extinguishment of the public debt before we engage in any war;  because that done, we shall have revenue enough to improve our country in peace and defend it in war without recurring either to new taxes or loans.  But if the debt should once more be swelled to a formidable size, its entire discharge will be despaired of, and we shall be committed to the English career of debt, corruption and rottenness, closing with revolution.  The discharge of public debt, therefore, is vital to the destinies of our government.” ~ Thomas Jefferson

Divided we stand.

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7 Comments

Posted by on February 5, 2014 in Uncategorized

 

7 responses to “Two camps

  1. Anon

    February 6, 2014 at 12:57 pm

    BULLSHIT Krugman, our national debt is what we owe the Federal Reserve and other foreign nations, mainly China.

    Pounding my head on keyboard.

     
    • Dannyboy53

      February 6, 2014 at 1:10 pm

      Anon, this is what we would expect of a communist. Take it easy on your head and the keyboard!

       
      • The Soffitrat

        February 6, 2014 at 2:42 pm

        I’m right there with Anon! This is insane thinking. The kind of thinking that’s gotten us to this point. Bracken mentions this in a story near the end of his Anthology book. Where we are pre-collapse. Fools like Krugman have gotten us there.

         
  2. Anon

    February 6, 2014 at 2:59 pm

    Soffitrat, I am including two links for you to try and wrap your mind around.

    The first is an op-ed piece from the NY Times, http://www.nytimes.com/2014/02/05/opinion/freeing-workers-from-the-insurance-trap.html?partner=rssnyt&emc=rss&_r=0

    The second, from the CBO, http://www.weeklystandard.com/blogs/cbo-director-obamacare-creates-disincentive-people-work_778760.html

     
    • The Soffitrat

      February 6, 2014 at 3:33 pm

      Unbelievable. The liberal (progressive) mind at work. Sick indeed. But then, with an overbite like Krugman (looks like Bucky Beaver) has, you know there had to be something other than human in the woodpile. The articles you linked to prove that we are beyond any ability to stop this and have some chance (not much) of turning this country around.

       
    • Dannyboy53

      February 6, 2014 at 5:06 pm

      “It is no such thing.” Huh…not a job killer? Amazing!

      Well we all know there are people in this country that will buy into that crap because the New York Slimes said so.

       
      • Soffitrat

        February 6, 2014 at 5:29 pm

        “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” ~ ~John Adams, 1826

         

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