On Feb 12, 2008, at 1:55 PM, Max B. Sawicky wrote:
> I don't mind using debt to pay for grandma's gall bladder
> operation. Even less to pay for public investment.
Why not take some of Steve Schwarzman's money instead?
>> There's a lot that sucked about Clinton, but it seems to me the
>> message that you can balance the budget by raising taxes on the
>> richest 1%, thereby lowering debt service and quite possibly
>> interest rates, while doing no harm to the economy (and quite
>> possibly stimulating it) is a good one for our side. What's so
>> wonderful about chronic deficit spending, really?
>> Doug
>
> The Clintons' actual message is that budget surpluses are the be-
> all of economic policy and lead to All Good Things. That ain't my
> message.
Nor mine. But you can have a good economy with a shrinking deficit (the 90s) and a shitty economy with an expanding one (the W years).
Doug