@georgeob1,
You wrote,
Quote:The sad truth is that Social Security, Medicare, Medicaid , foodstamps and all the handouts so effectively used by politicians to keep themselves in power are already in grave danger. We are already on a course that will surely destroy them all.
We've known about these problems for decades, and both parties ignored them until now. The GOP now wants to blame Obama for the increasing deficit that was used to provide tax cuts to the middle class, extend the Bush tax cuts, extend unemployment during the Great Recession, pay for two wars that GW Bush started, and the saving of the American auto industry that saved over one million jobs.
All the austerity programs now being forced on the Euro countries are a huge failure; it has further depressed their economies.
When interest rates are at their lowest in many decades, it's the time to spend money to give an impetus to their economies. Saving jobs provides people to consume goods and services that further creates greater demand for more goods and services. Shrinking the consumer class only exacerbates economic problems.
