Sunday, January 27, 2013

PUSSY REPUBLICANS

The news this week that the Republicans have wimped out and agreed to raise, yet again, the US debt ceiling. It shows they have no coherent plan to combat the spending excesses of the Obama administration.

For the USA it's print money and borrow like there's no tomorrow with modest tax increases completely offset by a range of new Government spending including a raft of new welfare entitlements.

Anyone who thinks the US is somehow quarantined from the situation that Greece, Spain et al find themselves in probably still believes in Santa Clause.

At least in New Zealand there in a plan, on track, to return the Government books to surplus.    It's assailed by the Right who would slash and burn their way to economic prosperity and leave people rioting in the streets and by the Left who oppose with a passion every move to limit Government spending and reform welfare benefits.    That simple fact probably means that the government has the balance just about right.

 

5 comments:

Anonymous said...

The headline is wrong. It should be Pussy Nats.

Judge Holden said...

It had no choice but to increase the debt ceiling. Not to do so would have destroyed the global economy, and anyway, Congress needed to increase the ceiling to pay for bills that it racked up itself. Only hypocritical Tea Potty nutters can't see that.

"Anyone who thinks the US is somehow quarantined from the situation that Greece, Spain et al find themselves in probably still believes in Santa Clause (sic)."

Explain why you think the US is like Greece with reference to some actual numbers. For my own amusement, I would like to see exactly how economically illiterate you are.

Shane Ponting said...

If ACT policy is considered "slash and burn" then count me in as one who seeks fiery slices.

If you can't see how socialist 90% of the NZ political spectrum is, then you've obviously drunk just the right amount of kool aid.

Noel said...

The Veteran said.
"At least in New Zealand there in a plan, on track, to return the Government books to surplus"

But when? Most informed opinion suggest we should not expect that before the end of 2016.

There is a plan. Yeah Right

Anonymous said...

The last surplus was "paper thin" only achieved by raising the tax on petrol.

What's on the agenda to achieve it this time?