--- In FairfieldLife@yahoogroups.com, "ShempMcGurk" <shempmcg...@...> wrote: > > --- In FairfieldLife@yahoogroups.com, Mike Dixon <mdixon.6569@> wrote: > > > > "the problem with Socialism is, sooner or later, you run out of other > > people's money."Â Â M. Thatcher > > ...which is happening to us now! > > There's a reason our relatively young president has gained > so much gray hair in only a year! He realizes that we are > spending way, way more than we are taking in...and he knows > the gravy train can't last forever...
It's not so much a gravy train as a soup line, actually, and it damn well better last until the economy recovers. In other words: He's not running up the deficit because he loves to spend. He's doing it to shore up the economy. When folks don't have any money to put into the economy, the government is the spender of last resort to keep it from collapsing completely. And don't forget how much of the deficit was inherited from Republican tax cuts for the wealthy, among other things.
