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To: Reverend Wright
How does the likelihood of US not going into crisis first support your assertion that going ahead over the cliff is a strategic mistake?

No snark Reverend - just would like to understand your thoughts.

To me, sequestration plus tax hikes as horrible as it would be, is a good measure better - not as bad - as more delay toward resolving our debt problem.

If RR were in charge, I would look for economic growth to help us climb out. But now we have no chance at growth.

A few years of terrible pain [under 0dumbo] would not be as bad as a decade of terrible pain we'd get by lifting the ceiling to 30 trillion - which we'll have to do sooner than anyone thinks.

7 posted on 11/10/2012 5:41:50 AM PST by Principled
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To: Principled

Anyway, I say let the sequester take place.

And no debt ceiling increase.

Begin the pain NOW.


9 posted on 11/10/2012 5:46:30 AM PST by Principled
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To: Principled

Principled, the democrats have the advantage in the negotiations in that they don’t believe the debt is a serious problem, and most of the public agrees with them. the republicans are trying to solve a problem, the democrats are trying to get political advantage.

my view is the public thinking will change when they see one of the major industrialized countries go into a debt and hyperinflation death spiral.

The usa has over a million dollars per taxpayer in unfunded social security and medicare liabilities.
http://www.usdebtclock.org/

this is not a sustainable situation, and tax increases just postpone reform and make the problem worse.

my thinking is republicans kick the can until one of europe, uk, japan collapses. then use the public focus on unsustainable welfare state to get real reform, because tax increases and fake defence cuts are not enough


22 posted on 11/10/2012 7:35:43 AM PST by Reverend Wright (Obama explains the ALCS: the Yankees actually played great but lost due to mistakes by Joe Torre)
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