View Single Post
  #13  
Old 08-14-2019, 01:52 PM
XT's Avatar
XT is offline
Agnatheist
Charter Member
 
Join Date: Apr 2003
Location: The Great South West
Posts: 35,515
Quote:
Originally Posted by Velocity View Post
With the two-party system, we've unfortunately gotten into a situation where neither party has any incentive to reduce the debt. It has become a hot potato to pass around. Debt-cutting measures such as austerity, tax hikes and spending cuts will cause pain to voters, who then punish the debt-cutting party.......by voting the opposing party into power. It's a tiger neither party can afford to get off of and stop riding.

In fact, it may be in the interest of one party to now increase the debt, so as to make it likelier that the opposing party will suffer a debt crisis when they are in power, which then causes backlash and gets the first side back in power again.
Debt and deficit spending seems to be more about who's gore is getting oxed these days. There IS no fiscal responsible party, and no fiscal conservatives. Now, it depends on what and why you are going into deficit spending on, no on doing it at all.

WRT to the Tea Party, I think they are down to only about 40 or so these days, so they aren't really much of a factor. I don't think they have that much power wrt the party anymore, if they ever really did.
__________________
-XT

That's what happens when you let rednecks play with anti-matter!