Tea Party kicks Boehner in the teeth - again

[paulo537]

Originally Posted by Riot

We are in a slow recession recovery. We need jobs. Carrying debt right now is of little consequence.

You really cannot truly believe this, can you?

For every expert who said the recession would last 2 years when it started, there was another who said it would last 5 years.

For every expert who said unemployment would ease after 6 months, there was another who predicted it would top out at 12%.

Same thing with the housing experts.

No one knows. If you had your way with policy AND IF the recession lasts another 3 years, debt service would go from 30% of total fed revenue now to 50% in 5 years.

At that point, the debt level would indeed become be inconsequential as you write because it it would be impossible to manage it and the dollar would be worth 50% of its' current diminished level.

At that time, the next fiscal debate would be how much of the debt should be monetized.

You are incredibly ignorant to think you can just keep spending more and more without there being consequence.