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... they're in a coalition government with a party that doesn't share their aims.
The sooner they understand that, and accept it, the happier they and, I suspect, the rest of us are going to be.
Other thoughts:
- US net debt is at 65% of GDP... the talking point is the US has a debt problem and households don't manage levels of debt like that. I'd counter that pretty much most home owning households are running at debt levels well in excess of 200% of household GDP and, typically, at interest rates WAY higher than the US government can borrow at.
- Saying that if you've a business and you run out of money you should cut, WHEN you have a bank willing to support your business by lending you more money is criminally stupid and you shouldn't be in business. Period. Businesses often run huge levels of corporate debt. Firstly, it's good for tax purposes and secondly, as I can testify to, expanding and growing your business without working capital is death to a business
The sooner they understand that, and accept it, the happier they and, I suspect, the rest of us are going to be.
Other thoughts:
- US net debt is at 65% of GDP... the talking point is the US has a debt problem and households don't manage levels of debt like that. I'd counter that pretty much most home owning households are running at debt levels well in excess of 200% of household GDP and, typically, at interest rates WAY higher than the US government can borrow at.
- Saying that if you've a business and you run out of money you should cut, WHEN you have a bank willing to support your business by lending you more money is criminally stupid and you shouldn't be in business. Period. Businesses often run huge levels of corporate debt. Firstly, it's good for tax purposes and secondly, as I can testify to, expanding and growing your business without working capital is death to a business
Bottom line: the problem is the Tea Party Republicans don't understand economics, they certainly don't really understand business and they cannot be reasoned with.
So, Republicans, for the love of all that is important to you. STOP. Now.
Thanks.
