President Obama's new budget has the Republican's tongues wagging bitterly. But what they don't seem to understand is that the president must spend money to get us out of this recession.
According to Bush's whitehouse.gov, "during the Great Depression, the deficit rose to 120 percent, which, by today's standards, is the equivalent of $10 trillion. It took the huge deficits of WWII to pull us out of the Great Depression. Those deficits blasted the economy from depression into overdrive.
"After the war, we had to pay off a huge national debt, but during that time, from 1946 to 1980, the economy was mainly quite prosperous. We hit a bad recession when Reagan took office, and his early deficit spending made sense. But then he continued to drive up the debt through the boom years that followed, which made no sense.
"The main thing to remember is that with consumer spending going down, business is going to lay people off - not hire them. You can't blame business for this. It's just a vicious cycle that the economy gets into. And you can't blame consumers for not spending in bad times. The only way out of this, if we don't want to wait 10 years, is for the government to spend, pay unemployment insurance, and give tax breaks to the people who need it most (not the rich)."
We are now in the worst slump since 1938, and we better hope that President Obama can fix it because the Great Depression was not a pretty time for the American people. Today, unfortunately, as in the Great Depression, the extreme conservatives would rather trash the country than have our Democratic government succeed.
Why would some Americans allow a few "entertainers" to brainwash their rational thought process? People like Rush Limbaugh and Glen Beck, with their scripted lies, have persuaded rational thinking people into becoming fearful puppets who believe their every word. Their irrational rants are comical, and altogether irresponsible and dangerous.
It's fine that Republicans have a different ideology than the Democrats. This is democracy. But for the Republicans to defy the good of the country to make their point, "it's our way or the highway," is unconscionable. If the Republicans continue down their current path, this country will be in major trouble for a long time to come. I hope you all like breadlines and soup kitchens! Oh wait, that would be government assistance. Okay then, my guess is that the Republicans would rather starve than accept government "handouts" or "freebies."
But I'll bet that if this country were allowed to sink into a depression, there would be Republicans and Independents standing in breadlines right alongside the Democrats!