good observations...
Oct. 22nd, 2008 08:23 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
acroyearRuth Marcus - The 'Socialist' Scare - washingtonpost.com:
Every dollar we don't spend of our own will cost our children much, much more. The sooner we accept this responsibility, this reality, and actually start paying this debt off, the stronger we'll be.
There are two equally worrying aspects of the toxic fallout from the McCain campaign's closing argument. The first is how much harder it will be for the next president to unite a divided country in the way that both McCain and Obama say they want. Ominous talk about socialism and welfare, about pro- and anti-America, threatens to make that task harder, no matter who is elected.It's for this reason I am FURIOUS with Wolf's ads about Feder's "Tax Me Now" comment, taken utterly out of context. Feder may have some crazy ideas (trust me, I did NOT vote for her in the primary). But on this issue Feder is at least being honest about a particular economic truth: the rate of the interest on the national debt will always rise faster than the rate of inflation and wages.
The second is the long-term damage to the ability to move beyond the stale "no new taxes" debate and have an adult discussion about how to raise the revenue the country needs to make investments for the future, even as it provides for an aging population.
Every dollar we don't spend of our own will cost our children much, much more. The sooner we accept this responsibility, this reality, and actually start paying this debt off, the stronger we'll be.
