[lbo-talk] on Doug's latest show, Galbraith

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Nov 25 14:38:52 PST 2012


Doug writes:


>> If you reject history and economics, you answer:
>> the deficit must be solved today.
>
> I've said the opposite about five times today, so I won't again.

I'm being extreme, just to make it clear that this is the position of a real set of people, who have a real impact on the answer to this question. What you're saying, I don't think, is not "the opposite" -- the opposite would be "who cares when we deal with it, so long as it's after we have a real recovery?" ... instead, you seem to be saying that it's a lot more important than that.

Maybe I have you wrong on this, but when you insist that you "can't keep doing this shit" then you're not saying it has to be "today" ... but maybe you're saying that tomorrow might be nice, or at least next week.

Are you really saying "the opposite" ...? Or just a less-extreme version of Today?

Does today's deficit ... matter?

/jordan



More information about the lbo-talk mailing list