There’s a lot of media jabber these days about how the deficit spending of the Obama Administration is threatening the future of the next generations of Americans. Most people with a sense of reality and history, understand the difference between what Obama is doing and what his GOP and tea bagger critics are advocating.
There is a meaningful difference between Obama’s approach of deficit spending to save middle-class Americans through stimulus programs, and the GOP policy of deficit spending to further enrich 5% of the most affluent Americans. If by some miracle, we had been spared the GOP dominated 8 years of Bush/Cheney, we would have been able to save the economy from the criminal actions of Wall St AND fully fund universal health care with no deficit.
Remember that when the GOP took over the Presidency and Congress at the end of the Clinton Administration, there was a budget SURPLUS. If we take back the Bush tax cuts for the rich (which created no net job creation), the war in Iraq, the unfunded mandates of “No Child Left Behind” and Medicare Prescription Drug benefits, we would have approached the potential collapse of the economy under Bush with a $900 billion dollar SURPLUS.
If you want to define the bright lines between the Democrats and the GOP in terms of deficit spending, then it should only be fairly stated that the GOP spends money to enrich the rich, and Democrats spend money to rescue the economy. Liberal deficit spending may endanger the future of the next generation, but conservative deficit spending nearly destroyed the present. When it comes to fiscal policy, I would rather bet on the future of liberal deficits than the sure-fire destruction of Conservative deficits.
This brings us to the only apparent alternative to deficit spending: the fiscal agenda of the Tea baggers. Don’t let them hide behind flags or fool you with their rhetoric. The only result of their platform of an immediate elimination of deficit spending is anarchy. Over 75% of all cities would lose their fire and police departments, public education would be destroyed and infrastructure maintenance such as water purification and sewage treatment and road maintenance would be non-existent. Instead of drinking the cool-aid, the GOP wants to feed us tea.