Remarkable: a Republican president advocating for the permanent removal of federal government borrowing limits. http://wapo.st/2jbm9Oy pic.twitter.com/EWYVhCUvqI
Show this thread
Our national debt is $20 trillion and neither party is a champion for fiscal responsibility. It's as though Washington has just given up.
-
-
Whether or not that's true (and it's debatable) it has nothing to do with the debt limit, which is just a way to blow up the world economy
-
That's a very academic view. The debt ceiling forces an importance national debate about spending. Raise it or not, reevaluation is key.
- 16 more replies
New conversation -
-
-
Nominal number of national debt isn't very informative. What matters is the cost of servicing the debt relative to the size of the economy.
-
Interest/GDP matters some. But interest rates can rise fast, while debt reduction takes time. Debt-to-GDP is probably the best measure.
End of conversation
New conversation -
-
-
Maybe he's not as controllable as the GOP thought, and he just said whatever stuff it took to get elected.
-
not like the GOP has ever cared about debts, sure they'll cut welfare and social security, but one shiny war catches their eye and...
- 1 more reply
New conversation -
-
-
Last President to balance budget was named Clinton.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
So Where would you start cutting?Military? Healthcare?Infrastructure? Education?What was debt when Ike was in and marginal tax rate was 89%
-
Tax and spend beats borrow and spend
End of conversation
New conversation -
-
-
The last 2 Democrat presidents both sharply reduced the deficit over their terms. But that would ruin your "both sides" narrative.
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.