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How about looking at recent history & remind yourself that you haven't died & landed in bizarroworld

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-22-11 08:06 PM
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How about looking at recent history & remind yourself that you haven't died & landed in bizarroworld
Guys, how about looking at recent history (pdf)?
http://www.cbo.gov/ftpdocs/120xx/doc12039/HistoricalTables%5B1%5D.pdf

Between 1993 and 2001, federal debt held by the public fell from 49.2 percent of GDP to 32.5 percent of GDP. What stopped the paydown of debt wasn’t liberal big spending; it was demands from conservatives that the surplus be used to cut taxes. George Bush said that a surplus means that the government is collecting too much money; Alan Greenspan warned that we were paying off our debt too fast.
http://krugman.blogs.nytimes.com/2011/07/22/debt-and-forgetfulness/


I believe it was a highly respected Republican leader who memorably said: "go fuck yourself" ... oh wait, I mean, "Reagan proved deficits don't matter."

Still it's good to keep that timeline straight. If only to remind yourself that you haven't died and landed in bizarroworld.

http://digbysblog.blogspot.com/2011/07/it-was-only-decade-ago.html
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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-22-11 08:20 PM
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1. No, we ARE in bizarro world
We have been since at least 2000, possibly since 1980.

We have a Democrat in the WH who won by a landslide against the most unpopular (and unelected) Administration in history...who is now arguing that we need to dismantle the New Deal for the good of the top 1% and their sacred tax immunity dream.

That's even before we talk about how economics REALLY works.

We are SO deep in the rabbit hole...
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