tag:blogger.com,1999:blog-8820814198873126054.post3879650006049715972..comments2023-10-20T05:51:51.625-04:00Comments on The THINK 3 INSTITUTE: How high is the cliff? Choosing between deficits and recessionSamuel Wilsonhttp://www.blogger.com/profile/00934870299522899944noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8820814198873126054.post-81191188148349912712012-05-25T14:49:18.445-04:002012-05-25T14:49:18.445-04:00While I think it is possible in different circumst...While I think it is possible in different circumstances to argue that a tax-fueled social-welfare state is unsustainable in the long run, too many Americans have proven their bias against the idea for their opinions on sustainability to be objective. It's worth adding that the Founders feared the corrupting influence of luxury and in some cases recommended frugality (rather than "austerity") for everyone regardless of income.Samuel Wilsonhttps://www.blogger.com/profile/00934870299522899944noreply@blogger.comtag:blogger.com,1999:blog-8820814198873126054.post-67986230616545365562012-05-25T11:17:59.446-04:002012-05-25T11:17:59.446-04:00The real problem is capitalism. This entire mess ...The real problem is capitalism. This entire mess is completely due to the private sector not being satisfied with it's level of profit. So rather than finding ways to increase it's market share, it cuts jobs. That is the plain, cold, hard truth.<br /><br />If the people had the top had any decency at all, none of this would even be under discussion. Those at the top refuse to cut their inflated lifestyles, so everyone else is expected to. That is the true definition of "austerity".Anonymousnoreply@blogger.com