Daniel J. Mitchell – USA: Drowning In Debt?

October 26, 2009 · By admin

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Debating whether the United States has gone too far in accumulating debt, with Dan Mitchell, Cato Institute; Christian Weller, Center for American Progress; and CNBC’s Erin Burnett.

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24 Responses

hapspir

June 1st, 2009 at 5:21 pm
1

Why can’t the networks schedule more time for these discussions? They barely got started.
Surhotchaperchlorome

June 1st, 2009 at 7:02 pm
2

I agree with Dan, with a huge exception.
We didn’t need to go into WWII or WWI for that matter.
Surhotchaperchlorome

June 1st, 2009 at 7:03 pm
3

However:
Christian Weller = Fucking moron.
Surhotchaperchlorome

June 1st, 2009 at 7:08 pm
4

We should have a federal budget of about $100 billion. Then cut taxes by amounts that would allow people to keep more of their money while paying off these debts.
migkillertwo

June 1st, 2009 at 8:29 pm
5

considering that those debt obligations supposed to be debt-to-be-payed by 2100, the figure of 211,934 dollars per capita is VERY misleading.
whoo689

June 2nd, 2009 at 2:05 am
6

Lol@Weller. Argentina went into massive debt because of libertarianism? HAHAHAHAHA! You could not be more wrong! Argentina printed WAYY too much money to fund a gazillion government projects! fucking morons at the Center for American Progress. CFAP was founded by John Podesta, a Clinton Administration lowlife.
whoo689

June 2nd, 2009 at 2:11 am
7

Public healthcare is more efficient than private? Yeah, right. In your dreams, Christian. Medicare, SCHIP and Medicaid suck balls. Sure, all the NHC proponents point to Medicare as a great example of “good” public health care, but there are a lot of hidden costs, monetary and otherwise. Read Healthy Competition (it’s on google books and buyable in book form). They debunk a lot of the myths surrounding Medicare and show the costs.
whoo689

June 2nd, 2009 at 2:12 am
8

The government-run healthcare system that covers Native Americans is a TOTAL FAILURE! That’s just one great example of bad public healthcare. And I’m not so sure about “free” clinics, either. Something tells me they didn’t give good treatment or diagnoses long-term.
johnisfun

June 2nd, 2009 at 5:16 am
9

“We didn’t need to go into WWII”

if you had been president, you would have just forgiven japan for pearl harbor?
Surhotchaperchlorome

June 2nd, 2009 at 6:21 am
10

If you were president, would you have used an interventionist foreign policy that led to WWI, and that helped Hitler rise to power, while arming the allies, giving the Japanese reason to attack us?
All of which could have been avoided, and saved countless lives?
Elasaltaculos

June 2nd, 2009 at 9:51 am
11

Yeah, if there is an ethnic sector where one can make the case against government interference it is the Native Americans. Many of them are subsidized by government and they live in some of the worst conditions in the continent.

Also, the VA is a good example of government run health care. They can’t even meet their obligations with the veterans, but they want to extend this service to everyone?
johnisfun

June 2nd, 2009 at 10:22 am
12

- US policy did not lead to WWI, i can’t think why you would say this

- many factors helped hitlers rise, however i would put the US govt’s contribution lower than many other factors (clemenceau at versailles and german cultural obedience to authority spring to mind)

- the japanese attacked pearl harbor to ensure their oil grab in SE asia wouldn’t be hindered by the US fleet
Surhotchaperchlorome

June 2nd, 2009 at 10:57 am
13

Actually, the social and economic instability of Germany in the ’30s is directly attributable to the Treaty of Versailles, which imposed unreasonably excessive reparations on Germany. They could only pay for it by printing money, and we all know what happens next.
Surhotchaperchlorome

June 2nd, 2009 at 10:57 am
14

By the time the US entered WWI, both sides were weary and seeking options for making peace. The US came in and won the war definitively for the allies, and it was precisely this decisive victory that allowed them to impose the conditions of the Treaty of Versailles on Germany. Without American involvement, the peace arrangement would undoubtedly have been more equitable.
Surhotchaperchlorome

June 2nd, 2009 at 10:58 am
15

From Winston Churchill himself: America should have minded her own business and stayed out of the World War. If you hadnt entered the war the Allies would have made peace with Germany in the Spring of 1917. Had we made peace then there would have been no collapse in Russia followed by Communism, no breakdown in Italy followed by Fascism, and Germany would not have signed the Versailles Treaty, which has enthroned Nazism in Germany. (con)
Surhotchaperchlorome

June 2nd, 2009 at 10:59 am
16

“If America had stayed out of the war, all these isms wouldnt to-day be sweeping the continent of Europe and breaking down parliamentary government, and if England had made peace early in 1917, it would have saved over one million British, French, American, and other lives. ”
Statement to the New York Enquirer, August 1936.

Not to mention the fact that WWI should never have happened to begin with, and only happened because of numerous mutual protection treaties.
johnisfun

June 2nd, 2009 at 12:27 pm
17

- none of that explains how US policy led to WWI

- i mentioned versailles already, and clemenceau, not wilson, was the key mover behind vengeful repayments

“Germany would not have signed the Versailles Treaty, which has enthroned Nazism in Germany”
- versailles was a significant factor, but there were many other factors, the causation for this and other events, such as the russian revolution, is not as straightforward as your comments seem to convey.
Surhotchaperchlorome

June 2nd, 2009 at 3:10 pm
18

So I guess our blockade of Japan and our sinking a Japanese sub had nothing whatsoever to do with it…
voskresene

June 3rd, 2009 at 6:34 am
19

Good call on the VA. That government hospital killed my grandfather. They put him in a room with a guy with tuberculosis and he got sick and died. The nurses there were horrible. What a sham.
I am currently living in Russia where there are still a lot of government hospitals. I could tell you stories that would make your blood boil. I don’t know why we are moving towards social medicine when it has failed in so many countries. We have lost our minds.
Elasaltaculos

June 3rd, 2009 at 12:30 pm
20

Because the appeal of “free healthcare” is very appealing to the masses, especially the ignorant ones with no historical compass. Shit, I have arguments all the time with Norwegians about socialized healthcare which they love to brag about. Besides them being in a lucky demographic position, they don’t realize that their healthcare is substandard.
Sondre7

June 4th, 2009 at 8:47 am
21

Geat work by Mitchell here, though the other guy is quite articulate as well.

How large is the Cato institute by the way?
Sm0ked88

June 13th, 2009 at 5:02 am
22

Guys you have to think that obama didnt drag this on himself, it wasnt he who tripled the debt of america.

Its about time every american pays the debts (sounds unfortunate, but what can obama do?)
RagnaDarkalus

June 25th, 2009 at 11:50 pm
23

Gosh, she is good!
ntn1987

August 9th, 2009 at 4:14 am
24

Youre right, it was ”the government”.