We as a nation have got to pull in our horns. Pres. Bush with two wars, Medicare Part D and tax cuts that made no sense unless you were part of the Country Club Class.

Now we have Pres. Obama trying to buy his way back to prosperity, a Republican Congress that does not want to pay bill (the national debt fiasco).

All of this is unraveling the fabric of the country. There are plenty of examples in history of nations who failed to deal with fiscal problems and it was the people on the bottom who suffered the most. I believe in the notion you take in a dollar you can spend a dollar not a dollar and a dime or any deficit spending.

Stop the wars in Iraq and Afghanistan and pull the troops from all the bases in Europe and let them defend their own country. Convert to natural gas for everything we can and get out of the middle east as well. The fact that we are a debtor nation to China, the hated Communists of my generation is appalling and should be a wake-up call to the waste and spend Congress.

This is an interactive link: Click on items to expand etc.

http://www.usdebtclock.org/

As long as the minimum payment on that $142,710 credit card balance remains at $25, NO PROBLEMO!!

/sarcasm

(Yeah, the Democrats and Republicans BOTH share in the blame. The question is – who will step up and try to make a course correction?)

Jerry, they’ve been handing out the Nobel to politically driven quacks for a long time. Krugman is all screwed up and probably a commie. By the way, are you also a political operative? Kinda sounds like it. When ya gonna tell us about hope and change? Still waiting for my Obama money. How we got into this mess is nincompoops that think the financial management of governments is different than the simple ones outlined above.

Krugman is an economist, not a politically-driven hack, and his analysis of the situation and his recommendations for fixing it are exactly correct.

Krugman is a commie? Zippo, do you do stand up comedy? Hope and change would have worked but there were enough GOP economic illiterates in the House of Representatives to monkey-wrench it.

Zippo wrote:

“How we got into this mess is nincompoops that think the financial management of governments is different than the simple ones outlined above.”

No. We got into this mess because the elites of both parties failed to see an $8 trillion dollar housing bubble.

Zippo asked:

“Are you also a political operative?”

Nope. Just a nobody who disagrees with your own obvious ideological bent.

JIMV,

Turn off the FOX NEWS for just a second and let’s take a break from Rush Limbaugh and Glenn Beck for a few minutes and read economist Dean Baker’s take on all of these self-described “conservative” frauds who run around preaching austerity for everybody but themselves. In fact, Dean Baker reveals how self-described “conservatives” game the market — causing income to flow upward:

http://www.deanbaker.net/images/stories/documents/End-of-Loser-Liberalism.pdf

Of course, if you want to continue believing in what Glenn Beck tells you, then read this New Yorker article here:

http://www.newyorker.com/reporting/2010/10/18/101018fa_fact_wilentz

How about this: End the Fed, stop taxing anything and have the US Treasury issue the $s!!

We can fire at least half the bureaucrats, all of the accountants and the US congress can spend to their heart’s content. All spending will be spread over all holding assets (rich pay more!) through the inflation that is created. All of us producers make out the best, so there is now an incentive to become a producer. Yay!