Philip wrote: As for progressives, they seem to think immense debt is no biggie.
Ed: That's false, Phil.
Liberals want to invest in America. We want to put money into education, research and development, job training, public health, and infrastructure so that we have a secure, healthy, educated population that's ready to work at a high level and infrastructure that's adequate to the task. We want to keep America great for everybody, not just a handful of rich guys. We want to raise wages, raise taxes, and spread the wealth around so that it can work for us all. We want to follow Henry Ford's tried and true method - pay the workers more so that they can spend more in their communities, so that everybody will have more money, so that Ford can sell more cars, hire more workers, and sell more cars. That's not socialism, it's free market capitalism. A consumer economy works best when the money is out and working, not locked away in an account in the Caymans.
But none of that, Ed, refutes what I insist is true. While progressives might want whatever they consider positive things, their leadership certainly hasn't shown great concern or worry over our massive debt. In fact, every time, they go right along with the Republicans who increase the debt ceiling. But all you have to do to refute this is show progressive leadership collectively, much less individually, addressing our trillions of debt as a grave danger or that we need to immediately have a plan in place to begin reducing it - and certainly not growing it - ASAP. See, I'm not asserting the Republicans in Congress, excepting a few, give it more than brief mention - so both parties on this are about just as bad!
Ed: It's also worth noting that the idea that deficits don't matter is classic Reaganomics, that the last time we had a balanced budget it was under Bill Clinton, and that Paul Ryan and Mitch McConnell are the reason that the deficit is so insanely high today.
That doesn't refute my assertion either. But are you using it to defend the danger of the debt, or to attack it?
Ed: The reality is that the liberals want to tax and spend (meaning invest) and the conservatives want to cut taxes and spend anyway until there's a budget crisis that they can use to justify cutting benefits for the poor. That's literally happening right now, by the way.
So, then, the bottom line is that both parties have failed to compromise and find a budget that they will commit to staying within - to stop the spiraling debt monster! Because that's the bottom line. And until leaders in at least one - and hopefully within BOTH parties agree A) that the ever-growing debt is dangerous and a threat and B) are BOTH willing to compromise on a budget they'll stick to, and a commitment to stop raising the ceiling - it's going to continue. So, it's a bi-partisan failure of leadership and responsibility! And as Trump is at the top of the government - as he has the "bully pulpit" - then he should be warning and planning on this issue more than anyone!