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deficits don t matter
2.929 documents for deficits don t matter
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From Main Street to Wall Street, one of the strongest tenets of the old Republicanism was that people must pay their bills on time. But at the core of the new Republicanism are folks so partisan, or whose hatred of President Obama is so hot, they are now denying the existence of a due date on raising the legal limit on the national debt and paying promptly those who lend us money. From the glassy-eyed Rep. Michele Bachmann, R-Minn., to Budget Chairman Paul Ryan, R-Wis., who wants to kill Medicare, they are saying the debt limit doesn't matter. This is the logical progression from what Vice President Dick Cheney said nine years ago, irresponsibly pushing a second round of deep tax cuts. Cheney claimed "deficits don't matter." Last Wednesday, 235 world-renowned economists, incl...
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YOU JUST can't close the door on this crowd. The party that brought us the worst economy since the Great Depression, that led us into Iraq and the worst foreign policy disaster in U.S. history, that would like to take a hammer to Social Security and a chisel to Medicare, is back in control of the House of Representatives with the expressed mission of undermining all things Obama. Once we had Dick Cheney telling us that Saddam Hussein had weapons of mass destruction and belligerently asserting that deficits don't matter. We had Phil Gramm, Enron's favorite senator and John McCain's economic guru, blithely assuring us in 2008 that we were suffering from a "mental recession.
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Republicans are in panic mode about the national debt, and panics lead to stupid decisions. Driven by tea party hysteria that this long-term problem must be fixed right now, the House has proposed$61 billion of draconian cuts. These would cripple many vital services from disease control to police protection. The pain would be felt almost entirely by the poor and middle class. Republicans used to be cool with increasing the debt. Dick Cheney famously told his secretary of the Treasury, "Reagan proved deficits don't matter," and the Republican-controlled Congress boosted the debt with massive tax cuts for the rich.
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Everyone wants to talk about the deficit. And rightly so, though we're all a bit hypocritical about it. The tea partiers raging in the street about government spending forget that one of their great heroes, Dick Cheney, once said that, "Deficits don't matter." And now, of course, it's Democrats saying deficits are irrelevant, at least until government spending can goose the economy into motion again.
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The budget deficit is the total short fall within the government's fiscal budget. Example: If you go on a vacation and don't take enough money with you, you're running a budget deficit. Reagan dismissed the deficit as "Big enough to take care of itself, and created the highest debt and deficit in history. In his new book, "The price of Loyalty," former Treasury Secretary Paul O'Neill warned the White House of the peril of our current deficits. Dick Cheney's response was "deficits don't matter.
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We cannot continue to spend as if deficits do not matter," [Obama] said. "The bottom line is this: We simply cannot continue to spend as if deficits don't have consequences, as if waste doesn't matter, as if the hard-earned tax dollars of the American people can be treated like Monopoly money, as if we can ignore this challenge for another generation. We can't. New York Governor David Paterson applauded the president's budget plan. "The federal budget that President Obama delivered today represents a blueprint for economic and fiscal recovery. His proposals to freeze discretionary spending and create a bipartisan deficit reduction commission represent important steps toward addressing the fiscal mess that President Obama inherited from the Bush administration. "In addition," Paterson ...
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WASHINGTON - Vice President Dick Cheney once brushed aside fears that new tax cuts would increase the federal budget deficit and hurt the economy. Reagan proved deficits don't matter," Cheney reportedly said.
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In the April 19 Deseret Morning News, I read a column by your editor-in-chief, John Hughes, blaming the Democrats for Congress' failure to pass an immigration bill, a syndicated column claiming deficits don't matter and are not President Bush's fault and a column by Doug Robinson excoriating Dan Rather's "agenda," which led him to, among other unforgiveable sins, mouth off to Richard Nixon. Is the Deseret Morning News merely catering to Utah's severe Republican tilt or helping to create it?
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... Trey Grayson is right on the issues that matter--both on fiscal responsibility and on national sec...Didn't [Cheney] say 'deficits don't matter'?" No matter how personal his critics...
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Our Views" of March 27 is right on the point, ("Runaway borrowing worse than tax-and-spend policy"). However, your candidate, Governor Blagojevich, for the president of the "borrow and spend club" is just out of luck. That job is already held by another president, the man from Crawford, Texas, who learned the part well from yet another president, Ronald Reagan. You remember Ronald. He is the one of whom our vice president said, "Reagan taught us that deficits don't really matter.
