[jeffkrol]

some do "get it"......................for the most part.

Romney and Ryan would increase deficit

It was about 40 percent in 2008 when President Bush urged the bailout of Wall Street — shifting private debt to government debt — in response to the recession. The Office of Management and Budget projects the debt to peak at 78.4 percent in 2114 before gradually decreasing under current economic policies.

Excessive unproductive private debt created by the large bank’s speculations including derivatives played a much larger role leading to the Great Depression and this recession. Reducing government debt doesn’t automatically reduce private sector debt.

If the government debt caused the Great Depression, we never would have recovered from it because since 1929, the federal government debt has always been higher than in the decade before the Great Depression.

If the federal government debt was slowing the recovery from the recession, then the record level of 109 percent in 1946 would have started a depression even larger than the Depression, instead of being followed by about the most prosperous 35 year period in U.S. history from 1946 to 1980.

For non-defendable reasons, Romney, Ryan and Tommy Thompson support more of the same economic policies that turned inherited record annual federal budget surpluses in 2000 into record annual federal budget deficits from 2000 to 2008 by destructive spending on two expensive and senseless wars, tax breaks mainly for the wealthy and allowing the bankers a free hand. These policies, favored by them, were pivotal in causing the recession and increasing the federal debt they now warn about.

Now that their favored policies have created the recession and the slow recovery, they complain about spending on items that are constructive and productive such as education, health care, infrastructure, and a current version of the Civilian Conservation Corp.

The differences between managing a business versus an economy are at least as important as the similarities. The biggest difference can be described simply. In a business, income is positive while expense is negative. In an economy, one person’s income is someone else’s expense. Consequently, trying to run a business like an economy doesn’t work any better than trying to run an economy like a business. For example, unemployment may not be a problem for a business but it is a problem for an economy.