Originally Posted by
BetterBob
Ah, a lot of GOP bashing going on in here.
It's not like we just reached 100% of GDP as debt, and the major credit rating agencies were warning that we need to put it down to 75% by 2015 or they will cut our credit rating... and then we spent 7 trillion more in the next 10 years.
yeah, the GOP is totally saying cut spending just to be obstructionist. also, they are racist.
The GOP bashing is warranted because, just like their Democratic counterparts, they failed Economic Mistakes 101.
In 1937 FDR, seeing the US economy beginning to come back up from the Great Depression, proposed a massive cut in government spending, reasoning that most of the alphabet agencies he created to combat the Depression would no longer be needed. The GOP majority in both houses of Congress went along with it.
The result: the country slid back into a deep recession which it didn't snap out of until we entered WWII.
Those who forget history are doomed to repeat it.