I absolutely agree, the Feds need the flexibility to add debt during down times. It's just like it's prudent for people to maintain lines of credit and credit cards for when they're needed, but they should also try to live within their means. The problem is that it seems to be rare that the Republicans want to live within their means when they're in charge, and when they're not in charge, they like screaming that the deficit and debt are the worst things known to mankind.
I really hate the duplicity of politics. I guess that's why most Congresscritters are attorneys: it makes it easier for them to talk out of both sides of their mouth. And it's tax cuts for the top brackets, of which they're usually a part of. Never mind the long-term consequences or the increased burden on the lower classes.
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branchandroot
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Date: 2017-11-12 04:35 am (UTC)I absolutely agree, the Feds need the flexibility to add debt during down times. It's just like it's prudent for people to maintain lines of credit and credit cards for when they're needed, but they should also try to live within their means. The problem is that it seems to be rare that the Republicans want to live within their means when they're in charge, and when they're not in charge, they like screaming that the deficit and debt are the worst things known to mankind. I really hate the duplicity of politics. I guess that's why most Congresscritters are attorneys: it makes it easier for them to talk out of both sides of their mouth. And it's tax cuts for the top brackets, of which they're usually a part of. Never mind the long-term consequences or the increased burden on the lower classes.