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Originally Posted by link
There are no facts to support this speculation. For that matter there are no facts to deny it. I can’t predict the future. How can you?
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One can only look at the past and attempt to make a determination of what the future will bring. In this specific situation, I have not seen this President show any inclination to stop spending money that we don't have. Have you?
I note that you attempt to predict the future with a firm conviction that Willard will behave in similar fashion to his Republican predecessors. While this may certainly be true, there is a better chance that Willard is more conservative than Obama.
In your case, you predict the future based upon the behavior of other men. I predict the future based upon the behavior of the same man. Who has the better odds in their prediction?
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Originally Posted by link
It is for some market segments, but not for others. I’m sure you’ll agree that, for instance real estate, both consumer housing as well as commercial properties are severely impacted. These have a *huge* impact for the economy in general, and they are still mostly sucking value rather than creating it. On the other hand, Boeing has recently received orders for about 3 years’ worth of full production, and that’s just on the commercial side. Other jet plane manufacturers are mostly doing well. This shows things are about as good as they get for that segment. So while things are great for some, there are some large market segments which have a vast impact, that are still very broken. So again, the recession is not over for some of the biggest segments.
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You point out weakness in the economy in various segments. All true. However, my statement was presented to you for a simple conclusion. This President cannot use the excuse of a recession to continue to spend money that he does not have. The recession is definitely over by any reasonable definition, and, although revenues might not be quite what the government would prefer, they have an obligation to live within those revenues. Obama shows absolutely no inclination to do this and I believe you're disingenuous for using the weak economy to bolster his position.
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Originally Posted by link
I’m also sure you’ll agree that this has been no average recession and the shortest way out remains in some ways uncertain.
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I do agree. However, I am quite certain that another recession and/or depression will be created if spending continues at its current pace. Another bond downgrade and the Chinese beginning to bail will be a catastrophe. The country as a whole is staring down at an oncoming train and nobody wants to believe the train will actually arrive.
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Originally Posted by link
Why do you speculate this?
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The term "bankrupt" is probably incorrect as the government has the full capability to simply print money at will. What will more than likely occur is a dramatic rise in interest rates and severe inflation. This will guarantee a failure to climb out of the weakness that we currently suffer.
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Originally Posted by link
I have no idea what may be implied by “what is necessary.” As you agreed to above, the last 40 years legacy of the GOP’s doesn’t support a conclusion the R will do anything other than the same good ol’ boy BS which is their legacy and stated goals. They have absolutely no compelling reason to do anything different.
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Of course you do. You simply refuse to accept it. You stand there and look at the train heading right for you.
Controlling (eliminating??) the deficit is the most important thing that Willard can do and there is
a chance that he will do it.
Your position relies on the history of the GOP which is clearly a legacy of spending. Willard will not necessarily follow that path. He has chosen a radical and rabid conservative as his running mate. Doesn't that give you some confidence that he might be serious about the deficit? If he wasn't, why tie himself to the albatross of Paul Ryan?
Obama, however, has spent far more than any of the previous GOP administrations and there is certainly no inclination on his part to stop that behavior. His recent comments always lead one to the same conclusion. He's a tax and spend Democrat of the highest caliber.