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Old 08-22-2009, 03:34 PM   #13
X-Terminator
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Default Re: Good News/Bad News

Quote:
Originally Posted by tony hipchest View Post
it depends.... can we agree that current deficit amounts were inherited and destined to continue to grow regardless of who was electd president?

social security
medicare/medicaid
wars
recession

3-4 presidents down the pike will still be dealing with this mess regardless of whether obama or mccain were elected.

that is the reality of the situation we live in. being in debt is never good. but it is the american way. it is the backbone of our financial institution and is the heartbeat of capitalism.
Well then, it sounds to me like there are going to have to be some very unpopular decisions that will have to be made regarding spending, because the other way - massive tax increases - isn't going to be an acceptable one to the majority of the people. The question is who has the balls to do it? Obama apparently doesn't. Not sure if McCain would have, and if he did, would it have made a dent? Who knows. The bottom line is we need a President who doesn't give a shyt about "opinion polls" and will just do whatever he needs to do to keep the nation's economy robust and deficits to a minimum/eliminated. Unfortunately, that person does not exist, at least not now.
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