Originally posted by sh76
Dems don't have the guts to cut spending.
GOP doesn't have the guts to raise taxes.
So the deficit rises...
Same 'ol same 'ol...
It would take more than guts to cut spending in a recession. It would be stupid.
Even raising the taxes isn't the answer. Deficits have never been eliminated by spending cuts during a recession. You don't pull money out of the economy. Deficits have always been cut or eliminated by expanding the economy - by increasing the rate of taxable transactions.
When the economy is in an inflationary phase, then you can cut spending.
Meanwhile, the message of the NY-26 results - "Don't f--- with Medicare." Unfortunately for Republicans, nearly all of them are on record for essentially bringing Medicare to an end and turning it over to such an efficient industry in private insurance.
The best health care reform would be to lower the age of eligibility to 18 years old. It would also make the system solvent by taking in money from younger people who need fewer services. Really, if you think that private insurance is going to want to cover those 70 year olds unless they are federally subsidized, then I have a bridge to sell you.