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Angry voters will force action on runaway deficit
Sunday Times ^ | 02/21/10 | Irwin Stelzer

Posted on 02/21/2010 12:36:00 AM PST by TigerLikesRooster

From The Sunday Times

February 21, 2010

Angry voters will force action on runaway deficit

Irwin Stelzer: American Account

So all is coming right. Sales of existing homes in the final quarter of last year were 27.2% above the 2008 level. Home construction jumped 2.8% in January, to its highest level in six months. The mining, manufacturing and utilities sectors also grew at satisfactory rates as did retail sales.

So confident is the Federal Reserve in the recovery that it has raised a key interest rate.

Alas, every silver lining has a cloud — in the case of the American economy, several. For one thing, the fiscal deficit, which is fuelling some of the growth, is clearly unsustainable. Even under the rosy scenario posited by the president — economic growth at about twice the rate the non-partisan Congressional Budget Office is predicting — the deficit will still be unsustainably high, and rising, in 2020.

Congress knows this, the president knows this, and the opposition knows this. But the Democrats want to fill the gap by raising taxes, anathema to Republicans, who fear such a move would stifle growth by reducing entrepreneurs’ incentive to create new businesses and jobs. The Republicans want to cut spending, a move the Democrats say would stifle growth by prematurely withdrawing a prop from a fragile recovery.

(Excerpt) Read more at business.timesonline.co.uk ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 2010midterms; angrymob; bhodeficit; deficit; economy; issues; stimulus

1 posted on 02/21/2010 12:36:00 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 02/21/2010 12:36:30 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Raise taxes or don’t raise taxes. Never a mention of cutting expenditures and returning to constitutional government, as if the citizens of the United States are nothing more than a herd of sheep to be shorn or not shorn, at the whim of Farmer John in congress.

Bah, bah, bah... one wonders what the Founders would think of their experiment in self-government.


3 posted on 02/21/2010 12:55:14 AM PST by Jack Hammer
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To: TigerLikesRooster

“Angry Voters...” will vote.


4 posted on 02/21/2010 1:52:43 AM PST by Cindy
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To: TigerLikesRooster
Everywhere I look it's "Angry Voters, Angry Teabaggers, Angry White Males, Angry Republicans, Angry Conservatives", but never a mention of the seething, hatful, divisive, and slanderous democrats.

But, to answer their charges, YES, we (all of the above) are angry. And we have every right under the sun to be that way.

I guess they think we should sit around smiling like dumbass democrats while our homes, jobs, savings, and our very country are being systematically stripped from us.

Of course, the fleabag, up-obama's-@$$ journalists make it daily fare to follow their messiah's marching orders and try to turn the Tea Party movement into a bunch of low brow, IRS hating, knuckle-dragging, KKK members...but it ain't working.

Conservatives have caught on to the head games the left likes to play, and we're not letting them define us any longer. We know what we are and what we stand for.

Those Pampers-wearing reporters are charging that the Tea Party displays anti-IRS signs and bumper stickers - mostly to try and tie that Stack guy into the tea parties - but that's not working either.

I've got dozens of close-up from the Tea Party in Washington, and the only "anti" signs I see are "anti-obama" and "anti-congress". So, they've to the accusations, but we've got the truth...AND the proof...so screw'em.

To the left, obama included, we'll be just as freakin' angry as we want, our Constitution guarantees us the right to speak out and says the GOVERNMENT CANNOT TAKE THAT RIGHT AWAY. We also have the right to assembly, and the lockstep press has no authority to supress that either.

There are lots of other rights we haven't even gotten to yet.

So, the left can call my opinions here "Confessions of an Angry, White, Male, Conservative, Tea partier", if that makes them happy (never seen a happy democrat, have you?)

5 posted on 02/21/2010 2:08:29 AM PST by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: TigerLikesRooster

I’m getting tired of this “angry” meme of the left. There are two kinds of Americans...ones who are angry at what Obama is doing to the nation and those who are too apathetic to pay attention or care.


6 posted on 02/21/2010 2:16:32 AM PST by highlander_UW (Obama has lost or not saved over 4 million jobs!)
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To: FrankR

“never a mention of the seething, hatful, divisive, and slanderous democrats.”

and they’re hateful too.


7 posted on 02/21/2010 2:39:47 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: TigerLikesRooster

Angry voters are no match for government-funded welfare queens such as ACORN and their government supported cheerleader in chief Obama.


8 posted on 02/21/2010 2:51:17 AM PST by monocle
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To: TigerLikesRooster

bttt


9 posted on 02/21/2010 2:56:49 AM PST by JDoutrider (Send G. Soros home! Hell isn't half full!)
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To: TigerLikesRooster

The private sector has generally corrected itself to account for recession. The public sector has not. The economy cannot fully recover until the government bubble bursts.


10 posted on 02/21/2010 4:09:43 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: TigerLikesRooster

I say orange jump suits for them all come November! These criminals need to be held accountable!


11 posted on 02/21/2010 5:10:43 AM PST by ronnie raygun (Cockblock the sock puppet in 2010)
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To: TigerLikesRooster
The 'Boom' is going to go 'bust' once again.

Government cannot create anything.

12 posted on 02/21/2010 5:20:08 AM PST by fortheDeclaration ("Our constitution was made only for a moral and religious people".-John Adams)
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To: fortheDeclaration

Government creates a lot of misery and debt.

LLS


13 posted on 02/21/2010 6:08:08 AM PST by LibLieSlayer (hussama will never be my president... NEVER!)
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To: Jack Hammer; TigerLikesRooster; PugetSoundSoldier

Pugetsoundsoldier has a great plan that is politically palatable to the mushy middle needed to hold majorities and would do so over decades giving conservatives a chance to walk the pony back into its Constitutional boundaries.

PSS would you mind posting it again?


14 posted on 02/21/2010 7:14:41 AM PST by 1010RD (First Do No Harm)
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To: DontTreadOnMe2009

thnak you for porviding yuor splel cechknig asistsncae; ervey fuorm souhld hvae one. Hvae a ncie atefronon.


15 posted on 02/21/2010 7:34:23 AM PST by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
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To: TigerLikesRooster

Interesting piece. An analogy...During an attack is returning fire ‘anger’? Some shots may be fired because you’re ‘mad as hell, and not going to take it any more’....most simply due to the common sense response of self preservation, practically none ‘in anger’. So, nope ‘anger’ ain’t the cause.


16 posted on 02/21/2010 7:35:02 AM PST by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: FrankR

***Of course, THE FLEABAG, up-obama’s-@$$ journalists make it daily fare to follow their messiah’s marching orders and try to turn the Tea Party movement into a bunch of low brow, IRS hating, knuckle-dragging, KKK members...but it ain’t working.***

You Sir, have just coined a wonderful description of the Dems and their cronies.

*******************FLEA BAGGERS***************


17 posted on 02/21/2010 8:29:35 AM PST by sodpoodle (Despair - Man's surrender. Laughter - God's redemption.)
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To: TigerLikesRooster

18 posted on 02/21/2010 8:57:17 AM PST by cranked
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To: 1010RD
Better yet, I'll put up a link...:)

How to Solve the Deficit with No Pain.

I believe it's a politically viable solution. No new taxes, no creation of new Federal department (conservatives at least satisfied, if not happy), no cutting of any programs and allows the programs to grow per inflation and population (liberals at least satisfied).

Let the history of GDP growth exceeding inflation plus population growth, and use Hauser's Law to grow ourselves out of the deficit.

19 posted on 02/21/2010 9:15:23 AM PST by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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