or Connect
Styleforum › Forums › General › Current Events, Power and Money › Good opinion piece by Jon Huntsman
New Posts  All Forums:Forum Nav:

Good opinion piece by Jon Huntsman

post #1 of 25
Thread Starter 
http://online.wsj.com/article/SB1000...pinion_LEADTop

Quote:
We are over $14 trillion in debt, $4 trillion more than we owed just two years ago. In 2008, the ratio of public debt to gross domestic product was 40%. Today it's 68%, and we are fast approaching the critical 90% threshold economists warn is unsustainable, causing dramatic spikes in inflation and interest rates, and corresponding declines in GDP and jobs.

Unless we make hard decisions now, in less than a decade every dollar of federal revenue will go to covering the costs of Medicare, Social Security and interest payments on our debt. We'll sink even deeper in debt to pay for everything else, from national security to disaster relief. American families will fall behind the economic security enjoyed by previous generations. Our country will fall behind the productivity of other countries. Our currency will be debased. Our influence in the world will wane. Our security will be more precarious.
post #2 of 25
Quote:
Originally Posted by Artisan Fan View Post

Of course these are good points. But Republics and Democrats share the blame for this fiasco. Signing a massively expensive healthcare bill into law won't help, but neither did the Republican's profligate defence spending during the Bush years or GWB's Medicare Part D.

Both sides of the aisle need to quit treating the country's finances like they're playing with Monopoly money.
post #3 of 25
serious question - how come nobody gripes about defense spending? all i see is entitlements this, entitlements that, how about the trillions we spend on military hardware and wars?
post #4 of 25
^i dunno if you've been living under a rock these past several decades but everybody gripes about defense spending AF, every time you say its a good opinion piece it turns out to be simply a piece that agrees with your views
post #5 of 25
Quote:
Originally Posted by Teger View Post
serious question - how come nobody gripes about defense spending? all i see is entitlements this, entitlements that, how about the trillions we spend on military hardware and wars?

Because we're defending America!

Seriously though, no one gripes about the defence budget because it's basically a third rail issue. You'll most likely end up being painted as unpatriotic if you do.
post #6 of 25
Quote:
Originally Posted by indesertum View Post
^i dunno if you've been living under a rock these past several decades but everybody gripes about defense spending

AF, every time you say its a good opinion piece it turns out to be simply a piece that agrees with your views

what? very people gripe about defense spending - and as barrington pointed out, when it's brought up you're either called a spineless liberal or anti-american. even on this board people are reluctant to address cutting defense budgets.
post #7 of 25
what?

maybe i've been hanging out with a more liberal crowd


manton wrote a post on what defense spending does for america. i thought it was pretty good
post #8 of 25
He sure sounds like a politician running for office.
post #9 of 25
Wow very original. No one else had thought of this lately.
post #10 of 25
fuck you, Artisan Fan!
post #11 of 25
Quote:
Originally Posted by Teger View Post
serious question - how come nobody gripes about defense spending? all i see is entitlements this, entitlements that, how about the trillions we spend on military hardware and wars?

Don't worry, once the Republicrats take office again the anti-war movement will heat back up. The left is amazingly silent about it when their guy is President.

The answer to your question is the military industrial complex. Eisenhower have a good speech about it before he left office.
post #12 of 25
Quote:
Originally Posted by Teger View Post
what? very people gripe about defense spending - and as barrington pointed out, when it's brought up you're either called a spineless liberal or anti-american. even on this board people are reluctant to address cutting defense budgets.

My guess is that you have little knowledge how defense money is appropriated and where the fat is, but I'd like to hear your expert opinion on what areas you'd cut.

I never hear solid answers from people that are most concerned about it.
post #13 of 25
Quote:
Originally Posted by oman View Post
fuck you, Artisan Fan!

post #14 of 25
Quote:
Originally Posted by Artisan Fan View Post

How is this an original strain of thought?
post #15 of 25
If we could set up a WSJ/NR auto-aggregator in CE, fran's productivity would quintuple.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Current Events, Power and Money
Styleforum › Forums › General › Current Events, Power and Money › Good opinion piece by Jon Huntsman