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Jackpine Radical

(45,274 posts)
Tue Oct 29, 2013, 09:42 AM Oct 2013

My latest LTTE as it appeared in print--

http://www.leadertelegram.com/opinions/letters_to_editor/article_769565fc-f6d6-5614-a8d7-dc90e240f9df.html


A tale of two debts

Now that the Tea Party-inspired hostage crisis in government is over, the next battle we're going to hear about is the national debt and the deficit spending from which the debt arises.

Before anyone starts throwing bombs over the issue, it would be well to review a couple simple facts.

There are essentially two kinds of debt (or maybe more accurately, two poles on the debt spectrum).


One kind of debt occurs when you borrow a lot of money to take all your rowdy friends on a year-long binge and casino tour. On a national level, this equates to going into the hole while building a military you don't need, fighting stupid wars, pouring Treasury money into bonuses for the bankers who already pocketed billions while gambling away your inheritance, and so on.

The other kind of debt is where you borrow money to improve your house, get an education and fix your car so you can get to work. On a national level, this would equate to borrowing to put people to work building a 21st-century infrastructure that includes a high-speed transcontinental rail system, providing the whole country with broadband Internet access, building a green energy network, setting up a true national health system, and similar things that result in improving people's lives and healing the planet.

Conservatives typically favor the former kind of debt, and progressives support the latter.

Conservatives have for decades played a game of indulging in unfunded spending binges when in power, then using the debt they run up with nothing to show for it as an excuse to prevent the progressives from creating the second kind of debt, the kind that advances our national well-being.

And I'm getting really fed up with this stupid game.

62 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
My latest LTTE as it appeared in print-- (Original Post) Jackpine Radical Oct 2013 OP
Well done! IdaBriggs Oct 2013 #1
KnR. I remember that one. nt bemildred Oct 2013 #2
Spot on madokie Oct 2013 #3
Thanks Jackpine! Scuba Oct 2013 #4
That is one damn fine LTTE! 11 Bravo Oct 2013 #5
Well put MissMillie Oct 2013 #6
+1 freshwest Oct 2013 #57
Excellent framing. OnyxCollie Oct 2013 #7
This message was self-deleted by its author cleanhippie Oct 2013 #8
K&R BOOKMARKING! B Calm Oct 2013 #9
+1! lastlib Oct 2013 #18
+2! calimary Oct 2013 #54
Excellent letter. gtar100 Oct 2013 #10
Great! Also I think a vital point is that the "other" kind of debt serves as an investment Ian_rd Oct 2013 #11
Great Letter. K&R stage left Oct 2013 #12
Thanks for stating what rarely gets said in such plain and easily understood language. JEB Oct 2013 #13
Great LTTE... ljm2002 Oct 2013 #14
Great letter! A+++++ avebury Oct 2013 #15
ROI mikeysnot Oct 2013 #16
Well done. A critical point to make right now. n/t DirkGently Oct 2013 #17
Its time to outfox Fox and the Cons... Moostache Oct 2013 #19
Nicely said. k&r n/t Laelth Oct 2013 #20
Excellent work. Skidmore Oct 2013 #21
Excellent! fleabiscuit Oct 2013 #22
Please give us an update as response letters begin. You're sure to get them. sinkingfeeling Oct 2013 #23
I already got an email response. Jackpine Radical Oct 2013 #24
K&R! SaveOurDemocracy Oct 2013 #25
Awesome underpants Oct 2013 #26
Damn! You hit it out of the park! tblue Oct 2013 #27
splendid !!!! unionthug777 Oct 2013 #28
Excellent letter NewJeffCT Oct 2013 #29
Absolutely agree!!! jeanne43 Oct 2013 #30
great letter; based on your earlier threaf which I bookmarked..K&R n/t ms liberty Oct 2013 #31
Bravo, BRAVO!!! AmBlue Oct 2013 #32
Not a stupid game imo, but rather a cynically cruel maladministration and misfeasance, a big indepat Oct 2013 #33
Congrats on getting that published. Excellent piece! bluesbassman Oct 2013 #34
superb 90-percent Oct 2013 #35
Perfect! Marie Marie Oct 2013 #36
Excellent! bvar22 Oct 2013 #37
EX-cellent! Big K&R classof56 Oct 2013 #38
Most Excellent Writing !!! - K & R !!! WillyT Oct 2013 #39
Good one. One 'edit,' elleng Oct 2013 #40
Excellent letter! +1 Luminous Animal Oct 2013 #41
K&R JP!!!!!! Thucydides Oct 2013 #42
Just posted on Facebook from leadertelegram.com link Imalittleteapot Oct 2013 #43
Right on target and well written. Kudos. Recommended. nt Bernardo de La Paz Oct 2013 #44
Your voice needs to be heard!! Thanks!!! hue Oct 2013 #45
Have I ever mentioned that I think you're brilliant? scarletwoman Oct 2013 #46
Coming from you, that means a lot. Jackpine Radical Oct 2013 #53
Posted this to my facebook page stage left Oct 2013 #47
Me fuckin' too Caretha Oct 2013 #48
As Eisenhower said, every bomb is a theft...nt dougolat Oct 2013 #49
That is really great. cheapdate Oct 2013 #50
Excellent LTTE. Shrike47 Oct 2013 #51
Getting really #%@!ing tired of it! obxhead Oct 2013 #52
Wasn't it Ben Franklin who said... ReRe Oct 2013 #55
Excellent! K&R! freshwest Oct 2013 #56
Excellent! A really, really great letter. JDPriestly Oct 2013 #58
What a great letter. Thanks, Jackpine! n/t pnwmom Oct 2013 #59
Excellent Job! nt adirondacker Oct 2013 #60
Can't argue with this. K&R. Enthusiast Oct 2013 #61
Great Great LTTE!!!! BlancheSplanchnik Oct 2013 #62

MissMillie

(38,562 posts)
6. Well put
Tue Oct 29, 2013, 09:57 AM
Oct 2013

The only thing I would have added that the second kind of debt ends up being smaller because it creates jobs which creates tax-payers.

Response to Jackpine Radical (Original post)

Ian_rd

(2,124 posts)
11. Great! Also I think a vital point is that the "other" kind of debt serves as an investment
Tue Oct 29, 2013, 10:50 AM
Oct 2013

... and therefore reduces the overall debt. More mass transit means more employment means more tax revenue means lower debt. Similar things can be said about investments in education and research.

I was happy to hear Larry Summers say as much in an interview with NPR while he poo-pooed the hysteria about the (falling) national debt. And I'm hardly a fan of Larry Summers.

stage left

(2,962 posts)
12. Great Letter. K&R
Tue Oct 29, 2013, 10:59 AM
Oct 2013

With vivid imagery. Republicans never worry about the national debt when they're the ones racking it up. Strange.

 

JEB

(4,748 posts)
13. Thanks for stating what rarely gets said in such plain and easily understood language.
Tue Oct 29, 2013, 11:09 AM
Oct 2013

I hope you send the letter to every paper in the country.

mikeysnot

(4,757 posts)
16. ROI
Tue Oct 29, 2013, 11:13 AM
Oct 2013

We get a better return when we spend the money here in america for the benefit of all Americans. Their way just benefits the few at the expense of the many.

Moostache

(9,895 posts)
19. Its time to outfox Fox and the Cons...
Tue Oct 29, 2013, 11:19 AM
Oct 2013

I fully intend to blatantly plagerize your thoughts with the moniker "Well, SOME say..." and send it to every media outlet I can.

I want to see this quoted and referenced all the way from the local county weekly to the metropolitian daily to the radio call-ins and the media-whoring cable shows...I will be REALLY happy when I see it referenced on the floor of the House and Senate and then by the talking heads on network TV!

You are 100% right and I am also sick and tired of the drunken frat boys of the Republican Party going off on binges that destroy the nation's finances and leave us nothing but the bill and smoldering crater.

Jackpine Radical

(45,274 posts)
24. I already got an email response.
Tue Oct 29, 2013, 12:04 PM
Oct 2013

Very positive, from an acquaintance.

There were zero responses at the time I last looked. It appeared in last night's paper.

indepat

(20,899 posts)
33. Not a stupid game imo, but rather a cynically cruel maladministration and misfeasance, a big
Tue Oct 29, 2013, 01:56 PM
Oct 2013

malicious middle finger to a great majority of Americans.

90-percent

(6,829 posts)
35. superb
Tue Oct 29, 2013, 03:29 PM
Oct 2013

clarity, economy of words, clear and well reasoned examples. Magnificent effective communication.

I just posted the newspaper ver. to my FB page, as most of my groups there have vast quantities of conservatives.

I still love DU, but it's choir preaching and average Americans have to reach across the aisle if we are to solve problems.

-90% Jimmy

scarletwoman

(31,893 posts)
46. Have I ever mentioned that I think you're brilliant?
Tue Oct 29, 2013, 07:39 PM
Oct 2013

If I haven't, my bad. If I have, it bears constant repeating!

You're brilliant!

stage left

(2,962 posts)
47. Posted this to my facebook page
Tue Oct 29, 2013, 08:20 PM
Oct 2013

From the Leader Telegram link, and then shared it with my sister. We're two islands of blue surrounded by a sea of red. I wish our Rabid Republican face book friends would read it and take it to heart. Once again, great job. It needs to go viral.

ReRe

(10,597 posts)
55. Wasn't it Ben Franklin who said...
Tue Oct 29, 2013, 10:31 PM
Oct 2013

... "If you can't pay cash for it, you don't need it." That always stuck in my mind. Is anyone watching this "The Retirement Gamble" on PBS' Frontline tonight? We are nothing if not a bunch of suckers in this country, I tell you. Suckers.

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