Republican Fear of Debt Is Myopic, Years Late: John M. Berry

[babylonsister]

How timely!

Republican Fear of Debt Is Myopic, Years Late: John M. Berry

Commentary by John M. Berry


Jan. 8 (Bloomberg) -- The U.S. economy is in the throes of a deepening recession and needs a really big dose of fiscal stimulus to help stabilize it.

What it doesn’t need is efforts by congressional Republicans to limit the size of the package because of feigned concerns about how much additional spending might add to the national debt.

After meeting with President-elect Barack Obama on Jan. 5, House Minority Leader John A. Boehner of Ohio welcomed the $300 billion worth of tax cuts Obama wants. He had reservations about the rest of the $775 billion plan.

“I remain concerned about wasteful spending that might be attached to the tax relief,” Boehner said. “Simply put, we should not bury future generations under mountains of debt.”

Where was he for the last eight years while the debt almost doubled, from $5.7 trillion to $10.6 trillion?

more...

http://bloomberg.com/apps/news?pid=20601039&refer=columnist_berry&sid=acUpv7zWLSdk

[jpak]

1. Dick Cheney "Reagan proved that deficits don't matter"

Throw it right back in their ugly faces...

[benld74]

2. He didn't see anything with his head so far up the GOP rectum!

[FrenchieCat]

3. What else is new? GOP is always a day late and a dollar short.....

or a trillion or so. :shrug:

[babylonsister]

4. Yet McConnell is still complaining. Go figure. nt

[JackRiddler]

5. Of course debt is bad...

Which is why you start with 50 percent cuts or more at the Pentagon and spook agencies.