The Peter G. Peterson Foundation has chosen Philadelphia of all places as staging ground for a documentary to advance their cause, which is reducing the federal debt first, and worrying about humankind at some future date. I hope the people of this fair city given 'em a piece of our mind, and tell them we want J-O-B-S. If that happens, they can come back some day...and we'll be happy to talk to them about deficit reduction. Maybe.
We have a $13 trillion debt, are running the largest deficits since WWII and Will is demonizing people who advocate fixing it. Irresponsible and foolish.— tr88
Comment removed.- Wrong gphilly, the debt was 5 trillion when he got there 10 trillion when he left, 13 trillion after Obamas first year with trillion dollar deficits for the next 10. Bush's largest deeficit ws about a half trillion in a year. Obama's is more than triple that this year and double that for the next 10. By the way, republicans were fired in the last election. Did you and democrats think the message was he didnt run the debt up high enough? If so, I would venture to guess the losses in the mid terms will be far larger than anyone is forecasting right now.— tr88
- The government can't create jobs. Here's more on the morornic stimulus. First the money went to phony congressional districts, now its phony zip codes. http://newmexico.watchdog.org/2010/01/03/federal-stimulus-funds-reportedly-spent-in-nonexistent-zip-codes/— RG
- Comment removed.
- Different topic but if you want to go there. What you fail to mention is that Bush "inherited" a stock market bubble that had popped - the cash cow that filled the treasury in capital gains during the late 90's.— tr88
- Comment removed.
- Glad you finally got it Jwad. Seriously, you have to acknowledge that part of it is Bush's fault not that Obama is helping very much. Hopefully he will go to work on the debt after the economy straightens out.— James TL
Will, the argument that you miss is that the jobs being created (flaggers for highway work! woohoo) are not sustainable jobs, and the cost per job is extravagant. Let's forget Bush's fault/Obama's fault arguments. Look forward to what can be controlled. When you look at ARRA, the money spent on "crumbling infrastructure" (as it was sold) is measly compared to the handouts and political slush. Considering that 25% of the remaining jobs in the US are fully outsourceable to overseas, we've got problems. I don't see Obama doing anything to help that by promising staggering regulation and taxation to employers.
9 comments
About Will Bunch
Will's new book: Learn about it here and purchase it here.
Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
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