Joe Doakes from Como Park emails:<\/p>\n
I\u2019ve been bewildered that Democrats don\u2019t care about Obamacare and Social Security running in the red. Nobody acts irrationally in their own minds. Whatever they\u2019re doing, it makes sense to them. But how can the government run in the red forever? How will Democrats repay the debt racked up to cover it? What\u2019s their plan?
\nI figured it out. They have no plan; at least, no plan beyond today. They\u2019re like teenagers looking at the newest iPhone. \u201cI want that, I can afford the monthly payment, I\u2019m buying it.\u201d They know making the minimum monthly payment doesn\u2019t pay down the principal but they assume something will come up, maybe Daddy will give them money for their birthday. As long as the teenager can make the monthly payments, there is no problem so they need no plan.
\nNow that Democrats are the government, they continue to make the minimum payment on the national debt and raise the debt limit to run up more. They won\u2019t have a problem until the minimum payment required to service the national debt cannot be covered by additional borrowing. And since the government borrows from the people it appoints to print the money (the federal reserve), there is effectively no limit to additional borrowing and therefore no problem, now, or ever.
\nIt\u2019s genius, really. It\u2019s a wonder nobody in history ever thought of that plan before.
\nJoe Doakes<\/p><\/blockquote>\nSome conservatives describe liberal economics as “governing as if unicorns will descend from the heavents to un-screw things”. \u00a0And to be honest, the unicorns make more sense.<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Doakes from Como Park emails: I\u2019ve been bewildered that Democrats don\u2019t care about Obamacare and Social Security running in the red. Nobody acts irrationally in their own minds. Whatever they\u2019re doing, it makes sense to them. But how can the government run in the red forever? How will Democrats repay the debt racked up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-62528","post","type-post","status-publish","format-standard","hentry","category-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62528"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62528\/revisions"}],"predecessor-version":[{"id":62529,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/62528\/revisions\/62529"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62528"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}