Comments on: A Tale of Bankrupt Principles http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/ Korea... in Blog Format Tue, 2 Dec 2008 21:57:49 +0000 http://wordpress.org/?v=2.6.3 By: seouldout http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108845 seouldout Tue, 18 Sep 2007 16:43:22 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108845 Certainly there's been "indiscipline". Budget deficits are deservedly a concern. However, a nation's ability to pay off its debt is the key here. Contrast Japan's debt to the America's, particularly debt's percent of GDP; it just may <a href="http://en.wikipedia.org/wiki/List_of_countries_by_public_debt" rel="nofollow">surprise </a> you. Even prudent Singapore isn't so hot. Korea looks quite good; how will that bode for it when it approaches the world to help finance reunification, (if it ever comes)? Yet, America faces ballooning Social Security and Medicare outflows, and such spending will certainly be detrimental to the budget. Certainly there’s been “indiscipline”. Budget deficits are deservedly a concern. However, a nation’s ability to pay off its debt is the key here. Contrast Japan’s debt to the America’s, particularly debt’s percent of GDP; it just may surprise you. Even prudent Singapore isn’t so hot. Korea looks quite good; how will that bode for it when it approaches the world to help finance reunification, (if it ever comes)? Yet, America faces ballooning Social Security and Medicare outflows, and such spending will certainly be detrimental to the budget.

]]> By: WangKon936 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108838 WangKon936 Tue, 18 Sep 2007 16:30:27 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108838 # 21, All can be accomplished as long as the economy grows and the Chinese keep buying our T-bills... # 21,

All can be accomplished as long as the economy grows and the Chinese keep buying our T-bills…

]]> By: Maddlew http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108814 Maddlew Tue, 18 Sep 2007 15:32:17 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108814 Someone explain to me how there can be tax cuts, a fairly static workforce, increased spending and a shrinking deficit? Is this a return to voodoo economics? Someone explain to me how there can be tax cuts, a fairly static workforce, increased spending and a shrinking deficit? Is this a return to voodoo economics?

]]> By: sanshinseon http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108807 sanshinseon Tue, 18 Sep 2007 15:22:18 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108807 They didn't "forget" -- it has been deliberate. Reagan's principle, let's call it -- "deficits don't matter", so let the good (for the wealthy) times roll. They didn’t “forget” — it has been deliberate. Reagan’s principle, let’s call it — “deficits don’t matter”, so let the good (for the wealthy) times roll.

]]> By: snow http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108786 snow Tue, 18 Sep 2007 14:46:34 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108786 Tax cuts are great. The Repubs just forgot to carry out the other necessary part of the equation: reducing spending. Tax cuts are great. The Repubs just forgot to carry out the other necessary part of the equation: reducing spending.

]]> By: WangKon936 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108625 WangKon936 Tue, 18 Sep 2007 03:10:06 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108625 Elgin, Gee I don't know... There are rumblings that Shim has finished a script for a sequel and rumors that Sony will help finance D-Wars II. Ewwww... Elgin,

Gee I don’t know… There are rumblings that Shim has finished a script for a sequel and rumors that Sony will help finance D-Wars II.

Ewwww…

]]> By: R. Elgin http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108623 R. Elgin Tue, 18 Sep 2007 02:57:14 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108623 I would also point out the <a href="http://www.nytimes.com/2007/09/17/opinion/17mon1.html" rel="nofollow">decent editorial in the NY Times</a> about undoing the harm done by the current administration in their Military Commissions Act, an act that is contrary to the principles that our founding fathers set forth in the declaration of independence and constitution. I would also point out the decent editorial in the NY Times about undoing the harm done by the current administration in their Military Commissions Act, an act that is contrary to the principles that our founding fathers set forth in the declaration of independence and constitution.

]]> By: Sonagi http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108587 Sonagi Tue, 18 Sep 2007 01:34:49 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108587 <blockquote>"The world may not be safe, but I think it’s safer, thanks to President Bush. At least people are now calling terrorists “terrorists.”</blockquote> The MSM was using the words "terrorist" and "terrorism" from back in the early 70s when George Bush Jr. was living a wanton life in Texas. You're old enough to remember the PLO, the Red Army, Munich, and Aldo Moro, Gerry.

“The world may not be safe, but I think it’s safer, thanks to President Bush. At least people are now calling terrorists “terrorists.”

The MSM was using the words “terrorist” and “terrorism” from back in the early 70s when George Bush Jr. was living a wanton life in Texas. You’re old enough to remember the PLO, the Red Army, Munich, and Aldo Moro, Gerry.

]]> By: Sonagi http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108583 Sonagi Tue, 18 Sep 2007 01:25:40 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108583 <blockquote>"A perfect example is No Child Left Behind, which betrays conservative principles from both the financial and local control perspectives."</blockquote> Don't get me started on NCLB.

“A perfect example is No Child Left Behind, which betrays conservative principles from both the financial and local control perspectives.”

Don’t get me started on NCLB.

]]> By: Hugh http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108577 Hugh Tue, 18 Sep 2007 01:08:48 +0000 http://www.rjkoehler.com/2007/09/15/a-tale-of-bankrupt-principles/#comment-108577 Sorry for the assumption, then! Ut, this IS politics, and we do not assess policies as if they just were handed down by god from the mountain. The Republican party enacted the early 2000 series of tax cuts. I think they were a terrible idea. Therefore, I criticize the Republican party for them. I see no reason to criticize the tax cuts sparing reference to the party that created and passed them, and you haven't offered a reason why anyone should. When the Republican party does something right, I applaud it. I don't know where the hell you get 'blind partisanship' from me criticizing one policy. Deficits have decreased since 2005, not 2003. http://www.cbo.gov/ There is some controversy over changes enacted in 2004 in how this was calculated. Sorry for the assumption, then!

Ut, this IS politics, and we do not assess policies as if they just were handed down by god from the mountain. The Republican party enacted the early 2000 series of tax cuts. I think they were a terrible idea. Therefore, I criticize the Republican party for them. I see no reason to criticize the tax cuts sparing reference to the party that created and passed them, and you haven’t offered a reason why anyone should.

When the Republican party does something right, I applaud it. I don’t know where the hell you get ‘blind partisanship’ from me criticizing one policy.

Deficits have decreased since 2005, not 2003. http://www.cbo.gov/
There is some controversy over changes enacted in 2004 in how this was calculated.

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