What is needed is a strong return to a healthy American job market that establishes a 'tax base' of which to CONTINUE to finance the return to a strong American economy that can afford its national defense.
"...But there must be a trade-off if Washington goes back down the stimulus path. In return for layering on more debt, which a stimulus package would do, the new president and Congress simultaneously should create a commission to work on America's addiction to debt.
I must confess this debt talk sounds awfully puritanical. Mr. Obama's inauguration represents one of the most important shifts in American culture. Bringing up the debt right now is like being the guy at the wedding who wants to know how much the reception costs.
But somebody has to ask questions. We can't keep adding more debt without encountering problems...."
Of course, along with this demand for debt payment without a care about the American Middle Class or job creation, is a discussion about, guess what?
THIS WEEK'S Texas Faith discussion: Can Obama satisfy both faith-based voters and the traditional Democratic left? Visit dallasnews.com/texasfaith
The attempts to undermine a fiscal recovery by the USA in the way of jobs creation and tax base revitalization is a political directive by the extremist Republican wing of this country. How can we avoid this mess?
Who funded the campaign of the President-Elect? The government? No, the American people did. And who is going to fund the recovery of this country? The banks that accepted '$700 billion in bailout' to finance their overseas operations? No. The banks the American people invest in to 'revitalize' their own economy? What bank is that? The ones that are faithful to the American Dream and refuse to fund other investors than the ones that finance our recovery? We might just have to rebuild our financial infrastruture in order to rescue ourselvse. It's getting interesting.
American banks owned by Americans that finance their own recovery. Is it possible? With the will and power of the American people behind it, anything is possible.