ZadPolBlog

Tuesday, June 09, 2009

Well THAT cannot possibly work

The concept is simple, don't spend more than you take in. It the 90's, it got the US out of its disastrous budget spiral that built up starting in 1980. However, the spending of 2000-2008 was even worse. So, this very simple concept sounds like straightforward common sense to me. In fact it has a name - fiscal conservatism.

www.cnn.com/2009/POLITICS/06/09/obama.paygo/index.html

The Republican Party, however, follows their mantra of opposing President Obama no matter what he does. Since it is difficult to oppose common sense with reasoning, this is their approach instead: "it's obviously wrong because the current budget isn't balanced". OK, that doesn't sound off-base, does it? Well, except for the fact that the Bush Administration's wild spending on America's credit card has come due, and THAT is the cause for the massive chasm in the current budget.

So, that makes the Republican logic: well, you're no good because you cannot fix, in 6 months, the damage that we caused for 8 years, some of which were time bombs set to go off now.

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