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Robert Reich: "There Is Nothing That Is Particularly Important About Balancing The Budget"
RCP Video ^ | 3-25-2013

Posted on 03/26/2013 4:45:35 AM PDT by Sir Napsalot

"There is nothing that is particularly important about balancing the budget," former Secretary of Labor Robert Reich said Monday night on Current TV.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Government
KEYWORDS:
Deficit is no longer the problem. I guess Reich never decried Bush's "Iraq war run up huge deficit" before.

Nice to have an ex-Labor Sec and now Berkeley professor to tell us that.

1 posted on 03/26/2013 4:45:35 AM PDT by Sir Napsalot
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To: Sir Napsalot

“There Is Nothing That Is Particularly Important About Balancing The Budget”

Unless there’s a Republican living in the White House


2 posted on 03/26/2013 4:54:57 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: Sir Napsalot

As a teenager enrolled in a high school “Basic Business” class, I had better sense than this. It would be interesting to see if his personal finances are as loose as his fiduciary advice here is.


3 posted on 03/26/2013 5:04:33 AM PDT by MachIV
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To: Sir Napsalot

More stupefying, Liberal idiocy!!

These people are EARN A LIVING at this?


4 posted on 03/26/2013 5:12:26 AM PDT by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: Sir Napsalot

Especially when we pay this moron’s salary and credit card bills.


5 posted on 03/26/2013 5:13:10 AM PDT by Leo Carpathian (FReeeeepisssssed)
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To: Sir Napsalot

There IS something particularly important about it:

There is no dignity quite so impressive, and no one independence quite so important, as living within your means. - Calvin Coolidge


6 posted on 03/26/2013 5:13:18 AM PDT by cotton1706
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To: Sir Napsalot

How about I run a deficit with you then Reich? You do some work for me and then I dont pay you... No problem with that?


7 posted on 03/26/2013 5:17:13 AM PDT by Mr. K (There are lies, damned lies, statistics, and democrat talking points.)
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To: Sir Napsalot

Robert’s comment simply tells you that he knows the Democrats are facing huge problems for not facing up to the fiscal mess Obama created. Like saying, “Yeah, I robbed the bank but no big deal.”


8 posted on 03/26/2013 5:18:59 AM PDT by From The Deer Stand
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To: cotton1706

Excellent!


9 posted on 03/26/2013 5:24:22 AM PDT by frogjerk (Obama: Government by Freakout)
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To: cotton1706

Had he only run and served again we might have missed FDR and a whole slew of problems. The death of his son cost America more than we realize.


10 posted on 03/26/2013 5:33:20 AM PDT by 1010RD (First, Do No Harm)
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To: Sir Napsalot
Short, dunb and liberal is no way to go through life son

.

11 posted on 03/26/2013 5:47:27 AM PDT by Elle Bee
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To: Sir Napsalot

The harry lawn gnome speaks...


12 posted on 03/26/2013 5:54:05 AM PDT by gov_bean_ counter (Hope and Change has become Attack and Obfuscate.)
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To: Sir Napsalot

The Nth proof (where N is a very large number) why science and math are not friends of liberals.

And of course, we know where those who cannot do any real productive work go.....


13 posted on 03/26/2013 5:56:53 AM PDT by Da Coyote
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To: Sir Napsalot
And there's no reason to balance the budget on the backs of the poor."

Ummm, Robert--the poorer 50% of the population pay NO TAXES AT ALL! (Can you hear me down there?)

14 posted on 03/26/2013 5:58:02 AM PDT by TruthShallSetYouFree (July 4, 1776: Declaration of Independence. Nov 6, 2012: Declaration of Dependence. R.I.P. America.)
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To: nuconvert
“There Is Nothing That Is Particularly Important About Balancing The Budget”

Yeah right, no need to obey the U.S. Constitution. After all, it is a "Living Document" that we can choose to obey or not according to Progressives and Liberals alike.

15 posted on 03/26/2013 6:05:04 AM PDT by sr4402
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To: SMARTY

They’re still using the stupid meme that for every $1.00 they spend on unemployment benefits, you get $2.00 worth of economic activity. That’s what he’s talking about, even though the last five years have proved that idea to be totally, completely wrong. They still cling to it because it’s the only way they can justify their spending.


16 posted on 03/26/2013 6:06:40 AM PDT by Velvet_Jones
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To: Sir Napsalot
There is nothing particularly important about spending less than you earn.

There is nothing particularly important about ordering and eating a meal and not being able to pay for it.

Hey, I like this game...it's fun! See how many stupid thing you can come up with!

17 posted on 03/26/2013 6:07:40 AM PDT by D Rider
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To: Sir Napsalot

In a vacuum, that is true, but the point is that we need to be on a sustainable path. With rising healtcare costs, entitlement demographics, stagnant growth and a declining labor participation rate, we are not on a sustainable path.


18 posted on 03/26/2013 6:18:58 AM PDT by Homer1
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To: Sir Napsalot

Hey Reich - do you increase your personal debt each and every year? No. So you are a liar. You do think its important.


19 posted on 03/26/2013 6:21:15 AM PDT by plain talk
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To: Sir Napsalot

Scary the number of IDIOTS that get time in the news..


20 posted on 03/26/2013 6:21:28 AM PDT by SECURE AMERICA (Where can I sign up for the American Revolution 2013 and the Crusades 2013?)
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To: Sir Napsalot

Reich is lying. He is another enabler of the Cloward Piven strategy to increase government spending on entitlements until the system collapses and the enlightened elites can establish a dictatorship in the rubble.


21 posted on 03/26/2013 6:24:42 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: D Rider
There is nothing particularly important about spending less more than you earn.

Did you mean that?

FMCDH(BITS)

22 posted on 03/26/2013 6:36:42 AM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: Sir Napsalot

Not only is it important, it is essential that surpluses be produced and the debt reduced, because if interest rates ever return to what happened in the 1980s the country is sunk. We’re talking about a debt of over 40 trillion dollars in just ten years even if every budget is otherwise balanced in that period.


23 posted on 03/26/2013 7:03:54 AM PDT by DeprogramLiberalism (a profile worth reading)
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To: Sir Napsalot

“When your outgo exceeds your income, your upkeep will be your downfall.” (Paul Harvey)


24 posted on 03/26/2013 7:18:22 AM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: nothingnew

Uh... yes.


25 posted on 03/26/2013 8:27:55 PM PDT by D Rider
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