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Originally Posted by Flames Fan, Ph.D.
I guess that after reading your many posts I'm still confused what you would do, specifically.
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I honestly have no idea what I would do at this point.
Even beyond the recession you need to make the debt sustainable. Either by cutting spending, or by growing the economy. And I don't think either will happen anytime soon.
I often look at what Canada did during the Martin years as financial minister, and try to perhaps imagine similarities in the US as well, but I don't think anyone has the balls to do that.
We experienced a lot of cuts to public programs to the point where some people feel they were much to severe, but the end result was we balanced the budget, and ran a surplus.
http://ipezone.blogspot.com/2010/06/...nomically.html
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In the meantime, they (and we) can reflect on the Canadian example of enlightened politics. Unlike the primitive American scene where Democrats are unwilling to make cuts to social expenditures and bicker endlessly with Republicans who are averse to raising revenues, Canada's leaders patiently explained to key constituencies why cuts were required for the sake of all. If you are reasonable and adopt an understanding, patient attitude towards your constituents instead of engaging in the brainless brand of combative American politics, people are more likely to listen.
Oh Canada, you put America to shame. Then again, it's not so difficult to do nowadays, is it?
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