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Old 11-17-2013, 06:14 AM   #124
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Join Date: Apr 2004
Location: DC
Posts: 23,761

Originally Posted by Arkie View Post
The New Deal's record peacetime deficit spending was great short-term for the depressed 1930s. They made a deal to borrow future consumption to support their present depression. Some of the New Deal programs were supposed to expire like the Bush tax cuts, but they've been in place now for over 70 years. It's not such a good deal because we didn't keep up the other end of the deal. The future cost of these New Deal programs is more than 50 trillion today.
I agree things to needs to be looked at and some laws need to sunset-ed as economic situations have changed. Most of our farming policies are based upon New Deal policies of not growing things, or provide water for farming for areas that shouldn't get it, or how we lease out our mineral rights to the private sector. But I was respond to Barry's post that people only care about the poor when they can blame Republicans for it.
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