The Real Mitt Romney

[Adak]

Originally Posted by glatt

And you're OK with liberal bills being passed under the next president, whether they have a (D) by their name or an (R?)

I have a different idea most for what is Conservative or Liberal. I'm actually for some liberal goals, if they are implemented in a practical manner. I support Gay Unions for instance, with full legal rights to marriage. Not because it's the ideal, but because it's as close to the ideal, as we can practically get.

D or R doesn't bother me. Lately the D's have mostly been out of their rabid ass minds, however.

Our fiscal policies MUST be conservative, however. We just CAN'T keep spending a Trillion dollars we do not have, and have to borrow it from somewhere else, and then pay interest on it.

If that debt interest should ever increase by just a couple percent, we'd be in SERIOUS difficulty!!

[glatt]

Originally Posted by Adak

If that debt interest should ever increase by just a couple percent, we'd be in SERIOUS difficulty!!

What's the saying? If I owe the bank $1000, that's my problem. If I owe the bank $1,000,000, that's the bank's problem.


Who's problem is it if the US owes China $8 Trillion?

[BigV]

Originally Posted by Adak

snip--

I support Gay Unions for instance, with full legal rights to marriage. Not because it's the ideal, but because it's as close to the ideal, as we can practically get.

--snip

How would you deal with federal benefits that accrue to spouses? Is it a Union, or is it Marriage?

[BigV]

Originally Posted by Adak

snip--

Our fiscal policies MUST be conservative, however. We just CAN'T keep spending a Trillion dollars we do not have, and have to borrow it from somewhere else, and then pay interest on it.

If that debt interest should ever increase by just a couple percent, we'd be in SERIOUS difficulty!!

I agree with you about the unsustainability of a policy that spends a trillion dollars a year more than we collect in revenues. We agree on that point, but I feel our views diverge sharply immediately after that agreement.

glatt's right. go re-read his post.

Also, the interest on any debt we have already incurred is fixed. It doesn't "increase by just a couple percent". Any increase in our borrowing costs will be known at the time we borrow, and frankly is set by the world attitude about the safety and reliability of return for money invested in Treasury Bonds. Do you know how much it costs to borrow this money? Take a guess.