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URL:  https://boards.fool.com/this-is-a-brilliant-article-the-underlying-33970723.aspx

Subject:  Re: Bogus Fiscal Crisis Date:  2/6/2013  4:26 PM
Author:  elektrotherapy Number:  393947 of 392

This is a brilliant article. The underlying political issue has to do with the nature of government and not with some dreamed up fiscal crisis. By creating an issue out of government debt (which anyone who reads the article, understands is not as serious a problem as it seems) Republicans can push their agenda of cutting the social welfare state.

 It's all political strategy. It's analogous to social security. If Republicans came out specifically against these programs, they'd get hammered in elections. So they refocus the issue around a completely phony framing that most people, including the media, have trouble deconstructing. 

Social Security and Medicare are fiscally sound if minor adjustments are made such as ending the the cap and making it a flat tax rather than a regressive one.

Debt can be dealt with the same way. Most of this debt is a result of Bush's tax cut on the richest 10%. Raise those taxes and things will be fine.

 

 

 

 

 


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