Obama Announces Re-election Bid

Fair&Balanced · 04-26-2011, 11:01 PM

Jill:

I agree with much of what you say, particularly the growing income disparity and the lost decade (2001-2010) for the middle class resulting in large part from a shift in policies that made it more advantageous for the wealthy to be able to acquire more wealth by producing nothing rather than focusing on innovation and productivity.

And I agree that the current slash and burn mentality of many of the proposed spending cuts will lead to even greater income disparity and the further stagnation of the middle class as well as limiting the US ability to retool the economy in a way that will restore US competitiveness.

But we do need to address the debt. It is unsustainable and will continue to be a drag on any economic growth and/or prosperity for the middle class. And it will require shared sacrifices, including some programs that may be hard to let go.

The problem is building consensus in an atmosphere of extremism. I dont have the answer of how to achieve that.

04-26-2011, 11:01 PM	#9
Fair&Balanced Operations Operative Join Date: Feb 2011 Posts: 495	Jill: I agree with much of what you say, particularly the growing income disparity and the lost decade (2001-2010) for the middle class resulting in large part from a shift in policies that made it more advantageous for the wealthy to be able to acquire more wealth by producing nothing rather than focusing on innovation and productivity. And I agree that the current slash and burn mentality of many of the proposed spending cuts will lead to even greater income disparity and the further stagnation of the middle class as well as limiting the US ability to retool the economy in a way that will restore US competitiveness. But we do need to address the debt. It is unsustainable and will continue to be a drag on any economic growth and/or prosperity for the middle class. And it will require shared sacrifices, including some programs that may be hard to let go. The problem is building consensus in an atmosphere of extremism. I dont have the answer of how to achieve that.

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