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Don't Believe the hype about our national debt - Sally Kohn, USA Today

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JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-27-11 03:55 PM
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Don't Believe the hype about our national debt - Sally Kohn, USA Today

Consider the aftermath of the Great Depression, when the U.S. invested in the federal highway system that not only created jobs in the short term but also literally paved the way for all kinds of business growth and entrepreneurship across America.

Similarly, public investments in education created a generation of small-business owners, Silicon Valley innovators and, yes, Navy SEALs. Industries such as aerospace, computing and biotech would not exist today were it not for our substantial government investments in the past.

Today, our government needs to borrow money to send the next generation of scientists to college, to invest in green technologies that will solve our energy problems in the coming years, and to ready our nation's infrastructure for the next great American invention that will captivate the global market

.... I get particularly suspicious when the people who howl about the national debt are the ones who said a few year ago "deficits don't matter.." and proceeded to destroy a surplus by cutting taxes while prosecuting a war (to Free Iraqi Oil) and who created the Trickle-Down Disaster (aka the Deregulation Disaster) which reduced revenues even further while increasing the need for more expenditures (to climb out of this REPUBLICAN DYSTOPIA).

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