I’d say, given the history of the past 50 years or so, both.
I think there’s little to choose between the two. They are both big government/big spend parties. The programs they’ve started all seem to end up deep in the red. Between them, they’ve run up a $14 Trillion debt that, even with the current low interest rates, eats up a huge amount of money.
In 2010, interest on our debt was $413,954,825,362.17. That’s money that does NOTHING for our economy or people. That’s money we could spend to improve things; schools, infrastructure, Medicare/caid…instead it’s pretty much just gone.
When interest rates rise from their current lows, as they always do, the situation will be worse.
Bravo to both our parties for their sterling leadership.
And it was debunked, yet you still felt the need to throw it out there. Now that you know it was wrong, I’m sure you’ll retract that rather than continue to repeat the fabricated figure.
Certainly in the long run it does. But the reason is that the Democrats chose to absent themselves, barring any budget bill. So any related changes which don’t fall into the budget directly can be passed. Hopefully, the Democrats will come back now, and they can come to a budgetary compromise.
What compromise? Every concession EXCEPT ending collective bargaining was agreed to. And the Republicans forced that through anyway. There was never the option of compromise, it was do it 100% Walker’s way. No deals, no talking it over, no negotiations. What is there to compromise now?
I hope the unions and the Democratic senators all take a hard line “hell no” stance to any compromise now that Walker has shown himself to be a liar. Make the state honor it’s commitments and pay them what the contract says they’ll be paid.
I don’t have notes on cars. The interest from my mortgage goes to a local individual’s mortgage company, not a bank per se. It stays pretty much in the local community as others borrow from his company.
Unlike the interest on our debt which benefits the Chinese and other non-US entities to a great extent. Voinovich said that half the national debt is held by foreign investors, a statement considered true by Politifact. So, if you’re happy we’re borrowing roughly 40 cents of every dollar we spend and sending the interest to non-US entities, I’m glad you can view this in a positive light.
I can’t see it as a successful long or even short term strategy.