When they say: We’re already in a debt crisis. If we keep racking up these deficits, we’ll turn into Greece, with soaring interest rates and inflation, a declining dollar and America’s credit ruined.
You can say: The U.S. becoming Greece? That’s a joke. Want a comparison? Think Great Britain. They inflicted austerity on a weak economy and sunk back into recession, with rising unemployment, spreading misery and a worsening debt burden. Right now we can borrow money at record low rates. Our basic infrastructure is decrepit and needs to be rebuilt. Our construction industry is flat on its back. Any business leader with a brain would leap at the opportunity to do work that we have to do at record low costs.
When they say: Government spending doesn’t create jobs.
You can say: Tell that to the teacher who gets hired at a newly built school, or the rail worker building a high-speed train line, or the steelworker making a wind turbine, or the veteran able to help restore our national parks or the teenager working at her first summer job.
When they say: By ignoring the ticking time bombs of the Social Security and Medicare trust funds, you are putting your head in the sand.
You can say: Conservatives pushing trillions in more taxes for the already rich aren’t worried about deficits. You want to cut spending, not deficits. And now you’re aiming at the core pillars of family security. Social Security is legally forbidden from increasing the deficit and Medicare has just been made more solvent thanks to the health care reforms in Obamacare. We don’t have to cut Social Security, Medicare and Medicaid to get our books in order. Over the long haul, we need more reform to reduce costs in the overall health care economy – and that will lower the costs of Medicare and Medicaid. You just are using this economic crisis as an excuse to destroy programs you never supported.
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