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Reply #25: Dick Cheney said: [View All]

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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-12-06 07:07 PM
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25. Dick Cheney said:
"Ronald Reagan taught us that deficits don't matter" two years ago. But the fact of the matter is that deficits do matter and they ARE mattering. The plunge in value of the US dollar is attributable to our trade imbalances. And the plain fact of the matter is that China could crush us under their thumb any moment they like, by allowing their currency to revalue upwards while dumping their record-level holdings of US treasuries and equities. Apparently the best kept secret in the world (or worst kept, if you live OUTSIDE the United States) is that our nation is bankrupt and dependent upon the kindness of strangers who buy our essentially worthless paper.
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  -Deficits not a problem in short run, White House says UpInArms  Sep-12-06 08:21 AM   #0 
  - Good -- what about the long run  wtmusic   Sep-12-06 08:24 AM   #1 
  - short-sighted looters of the public trust, treasure and lives  UpInArms   Sep-12-06 08:28 AM   #4 
  - it's part of the plan..  radfringe   Sep-12-06 08:32 AM   #7 
     - Qualification: Blame the next democrat who proposes raising  no_hypocrisy   Sep-12-06 08:44 AM   #9 
  - Deficits are only a problem when the Republicans want turn you against  eccles12   Sep-12-06 08:26 AM   #2 
  - The fact that the GOP is making such an outrageous claim...  TechBear_Seattle   Sep-12-06 08:28 AM   #3 
  - The US wouldn't have to worry about attracting foreign capital  fasttense   Sep-12-06 08:31 AM   #5 
  - What Gov't Debt REALLY Is,...  Parisle   Sep-12-06 08:31 AM   #6 
  - Oh, good. That will give the next president something to do.  tanyev   Sep-12-06 08:35 AM   #8 
  - One question, how long is short? From FY2002 until when Mr President?  whistle   Sep-12-06 08:45 AM   #10 
  - Republicans have come a long, long way  ramapo   Sep-12-06 08:52 AM   #11 
  - In the words of John Kenneth Galbriath..  sendero   Sep-12-06 09:04 AM   #12 
  - actually deficits are a short term problem  flaminbats   Sep-12-06 09:43 AM   #13 
  - Too bad there is no "short run"  brentspeak   Sep-12-06 09:44 AM   #14 
  - Neither is falling off a cliff  Jacobin   Sep-12-06 09:51 AM   #15 
  - Actually, the act of free falling might be quite exhillirating...for a few  nealmhughes   Sep-12-06 02:08 PM   #19 
  - Your credit card balance is not a problem in the short run  kurth   Sep-12-06 10:01 AM   #16 
  - I didn't know it was possible to be so right and wrong at the same time.  Fenris   Sep-12-06 01:18 PM   #17 
  - Yeah, they're only a problem if we survive for a while.  damntexdem   Sep-12-06 01:38 PM   #18 
  - Our current deficit spending is over $100,000.00 per SECOND  Toots   Sep-12-06 06:01 PM   #20 
  - You should check your numbers.  BullGooseLoony   Sep-12-06 06:24 PM   #22 
  - delete nt  BullGooseLoony   Sep-12-06 06:23 PM   #21 
  - I don't want my eleven-year-old saddled with that debt  BrotherBuzz   Sep-12-06 06:37 PM   #23 
  - they never the short run.. Let's say you are broke NOW  SoCalDem   Sep-12-06 06:40 PM   #24 
  - Dick Cheney said:  Mike03   Sep-12-06 07:07 PM   #25 

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