HamdenRice
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Thu Sep-25-08 10:11 AM
Response to Original message |
4. Maybe because the "reckoning" is no more inevitable than the "rapture"? |
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Edited on Thu Sep-25-08 10:25 AM by HamdenRice
Believing that a "reckoning" is inevitable is the secular version of Christian fundamentalists who believe in "rapture."
We've been here before under Bush the First and the S&L bailout which seemed scary and it seemed it might not work. Everyone said that Reagan and Bush the First had put the federal government in unpayable debt.
Then came along a man from Hope, Arkansas, and by the middle of his second term, the government was going to pay off all its debts, going back past World War II, the Civil War and the Revolutionary War.
No plan: Great Depression, and your inevitable "reckoning."
Plan: Obama gets breathing room to fix the fiscal situation and we have the possibility of averting disaster, plus the real upside possibility of debt reduction by the middle of Obama's second term and of the bailout ending up making a profit for the Treasury of billions.
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