Quote:
Originally Posted by Adak
All conservatives are aware that Bush Jr. was a big spender - and not a fiscal conservative.
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When do those bills come due? Now. That is how economics works. Nixon did the same thing in 1968 and 1970. When did his bills come due. We had that resulting recession in 1975 and 1979.
Mission Accomplished may end up costing as much as $3trillion. When due those bills come due? Obama is now paying them.
Tax cuts cause recessions and increased debts. When do we start paying those debts? When we increase taxes to pay for that borrowed money with interest. Tax cuts only demonstrate there is no free lunch.
No way around it. Today's debts are from the expression, "Reagan proved that deficits don't matter." Quoted often because that sentence long ago predicted the coming debts and resulting recession. A balanced budget created by Clinton was subverted because George Jr's conservatives did what conservative do. Spend wildly. Increase spending on military, on welfare to big Pharma, useless wars with obvious violations of military doctrine, on welfare to the rich (also called tax cuts), etc. They even wanted to put SS in the stock market. Fortunately we did not let them spend as wildly as conservatives would do.
History shows debts are only solved by tax increases and other 'taxes' on the public. This included Carter's massive interest increases and tax increases by Reagan and George Sr. Jobs are created AFTER government reduces its debts. After government stops using money games and other myths to 'fix' the economy. Those are well proven lessons from history.
The Volt is a disaster. Created when George Jr's administration said automakers need not market hybrids originally designed in the early 1990 and paid for by government money. Because the hybrid was evil - a result of an agreement between Clinton and the auto companies. Then when patriotic companies (Honda, then Toyota) introduced hybrids, GM did what any business school graduate would do. Rushed to market a kludge - the Volt while also creating another disaster - the Camaro. Volt is a disaster created almost ten years after they could have introduced their first hybrid - the Precept.
Hybrids were another of so many Clinton ideas that were evil only because it was by Clinton.
Volt's defects resulted from business school graduates (in 2000 through 2007) who did not have to market their existing hybrids. And then needed some 'magic bullet' to compete against superior and patriotic Insight and Prius products. The Volt was started somewhere around 2002 - using concepts that engineers said would not work. Volt is the kludge that resulted when it would not work on the test track. And was then patched together - kludged. Because it designed when GM top management (ie Rick Wagoner) were MBAs. Search the Cellar to find additional details of why the Volt is so anti-American.