“Why are we cutting spending in a recession? The recession has not included a jobs recovery yet. I don't think it makes any sense for the government to be downsizing while we don't yet have the jobs recovery.”
How can O’Donnell not follow his statement to its logical end that we have been spending hundreds of billions of dollars over the last two years, and yet WE STILL DON’T HAVE A JOBS RECOVERY! The spending levels we have endured have not resulted in their desired end, not even close. President Obama promised us that if we passed his recovery bills, then unemployment wouldn’t get above 8%. Of course, we now know that that was false. Not only did it get above 8%, it rose above 10%, and hasn’t gotten down to 8% yet. And now, we’re hearing reports of employers rejecting the unemployed outright.
O’Donnell continued in the conversation with this tasty tidbit: “The deficit never, in fact, never has to go to zero. There’s never a requirement to balance it. No one in real life lives that way. We all have mortgages. You know, you don’t – there’s plenty of things that need to be paid for over time, and then there are things that need to be paid for as immediate consumption.” Of course, this ignores the fact that eventually, the mortgage is PAID OFF. Your car payments eventually go away, and you own the car outright. Unfortunately, if we continue on the path we’re on, we’ll never be free from the slavery of debt. Neither will our great grandchildren’s great grandchildren.
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