About
Learn More about our progressive online community for the Granite State.

Create an account today (it's free and easy) and get started!
Menu

Make a New Account

Username:

Password:



Forget your username or password?


Search




Advanced Search


The Masthead
Managing Editors


Jennifer Daler

Contributing Writers
elwood
Mike Hoefer
 susanthe
 William Tucker
ActBlue Hampshire

The Roll, Etc.
Prog Blogs, Orgs & Alumni
Bank Slate
Betsy Devine
birch, finch, beech
Democracy for NH
Live Free or Die
Mike Caulfield
Miscellany Blue
Granite State Progress
Seacoast for Change
Still No Going Back
Susan the Bruce
Tomorrow's Progressives

Politicos & Punditry
The Burt Cohen Show
John Gregg
Krauss
Landrigan
Lawson
Pindell
Primary Monitor
Primary Wire
Scala
Schoenberg
Spiliotes
Welch

Campaigns, Et Alia.
Paul Hodes
Carol Shea-Porter
Ann McLane Kuster
John Lynch
Jennifer Daler

ActBlue Hampshire
NHDP
DCCC
DSCC
DNC

National
Balloon Juice
billmon
Congress Matters
DailyKos
Digby
Hold Fast
Eschaton
FiveThirtyEight
MyDD
The Next Hurrah
Open Left
Senate Guru
Swing State Project
Talking Points Memo

50 State Blog Network
Alabama
Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
New York
North Carolina
North Dakota
Ohio
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Dakota
Tennessee
Texas
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin

What you can learn at a house party

by: Lucy Edwards

Mon Oct 18, 2010 at 14:16:47 PM EDT
I attended a house party Sunday and I ran into a very interesting gentleman who shared with me his analysis of the national debt and the deficit and who is responsible for it.  He was very concerned that President Obama was being blamed by the Republicans for all the increase, and being of a scientific and mathematical mind, he decided to get out a piece of ledger paper and a pencil and figure it out.  
Lucy Edwards :: What you can learn at a house party
He got his niece to put it in a document sort of format, but I had to reproduce the copy he gave me as best I could, because he did not have it in a form he knew how to e-mail to me.  So I added it to a post on my blog and you can take a look at it there.  He doesn't want his name used.  
Tags: , , , (All Tags)
Print Friendly View Send As Email
What you can learn at a house party | 2 comments
In my town, it was the Memorial Day speech (0.00 / 0)
given by a WWII vet, who was almost a lifelong Republican, but who now feels his party has left him.  

He gave the best analysis of defense spending from WWII to the present I have ever heard, complete with all the figures.  His conclusion was that we could cut 10% out of the defense budget without the slightest damage to national security, and could then do wonderful things for health care and education, and still maybe have enough left over to lower the tax burden.

I've asked him for his notes, but no luck so far.

OK, so the vast majority of the debt about which Republicans (0.00 / 0)
rail is composed of interest payments that are owed to people who have money to lend -- i.e. the friends of the Republicans.

Which goes to support my contention that the opposition to tax collection is fueled by a belief that, if government can't be paid for by receipts, the only alternative is to borrow -- i.e. accommodate people who have money to lend.  The whole "tax and spend" mantra is a scam to get government to promote the lenders and agree to their terms.

If you listen to Warren Stephens, his concern about government allocating credit is sincere. He doesn't mention it, but that's exactly what happened when the Department of Education took back the student loan program.

"The allocation of credit may be worse."  There's no awareness that, if people had to use credit cards to finance new enterprise at unsustainable rates (what business generates a profit of 15% from the get-go?), the banks in charge of allocating credit were doing a lousy job.

What you can learn at a house party | 2 comments

Connect with BH
     
Blue Hampshire Blog on Facebook
Powered by: SoapBlox