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This begs the question
If by some magic of conservatism they could produce a balanced budget during the next few years, would they advocate further tax cuts or would they focus on retiring debt. I beleive there is a very remote chance of that but should it happen what do you think Republicans would do?
I think I know but am interested in your thoughts.
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Re: This begs the question
The silence is deafening!
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Re: This begs the question
With the institutional GOP having shown no interest in neither at any time in the memorable, post-war past...balancing budgets or reducing debt/deficits (which "don't matter", in the words of the most powerful and influential and world affecting GOP politician of your and my lifetimes don. the venerable Richard Cheney) that would be, who would lead them to do either now? This new bunch of angry, formerly self-presumed to be middle class pensioners and outsourcing and consolidation affected laid-offs?
Would you bet that they are going to get McConnell and Boehner, and the new help Rand Paul and the guy from Alaska to buck **bleep** Armey and the Koch Brothers with some populist, "everyman" agenda items? Best shot they'd have to get through to the GOP leadership would be to mount great waves of support for dismantling the new regulations, weak and such as they are, on deriviates.
And BTW...there could be millions of "vapor paper" dependent, pension expectant upper middle class Democrats who just might go along with them on that.
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Re: This begs the question
Paper dependent democrats.
The father of a friend is a very eminent economist retired from a university in a midwestern state. OK, it is THE university in THE midwestern state with massive budget problems, not to be too specific.
At any rate, it has suddenly dawned on him after 40 years that his pension is through the state and at present the system is something like 60% funded.
Not good. h
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Re: This begs the question
For now, at least.
Wondering how much of that 60 is comprised of/exposed to MBS?