Comments on: GOP’s Sanford: It’s Time to ‘Rip the Band-Aid Off’

By: Joe from oxford

Joe from oxford — Sun, 03 May 2009 16:36:12 +0000

Give me a brake about Debt the new four letter word for the republican party. Does anyone realize that during the 2o th century our country lived with debt for 92 years out of 100? We are sill a major player in the world and very successful I might add.

By: EDD

EDD — Thu, 12 Feb 2009 17:26:11 +0000

say what you will, but Sanford is right. democrats or republicans notwithstanding, YOU CAN’T SPEND YOUR WAY OUT OF DEBT ! common sense should tell anyone that.

By: the $50 is the new $20

the $50 is the new $20 — Sat, 07 Feb 2009 06:11:14 +0000

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
~~Ludwig Von Mises

By: Jessica

Jessica — Fri, 06 Feb 2009 17:43:42 +0000

Where do you guys think America will get 900 billion dollars from? At this very moment the Chinese could demand payment on their matured bills and bonds and the US gov’t would be completely insolvent. Of course, we assume that they wouldn’t do that because Americans with no money are worthless to them. Now, let’s say that they realize, unlike ourselves, that there is no way to stop this; do you think they’d continue to purchase our bonds?

By: Randy

Randy — Fri, 06 Feb 2009 14:52:59 +0000

Fellows, a few pts here… our technology/IP focused industries have been in the doldrums since Nasdaq 5K. Since then, the former bigwigs like HP, IBM, Oracle/MS, have survived by consolidation, eliminating jobs, and offshoring support work. The media feel good stories like Facebook and Google enrich the few and in essence, support the type of bubble economy we’re in with advertising making up their revenue base instead of selling technological products/services.
What’s kept the 00s going was real estate and the entire financial economy, including derivatives, mortgages, appraisals/sales, etc, which surround it. Now, it’s gone in reverse and there are no ideas as to how to jump start any industry when all industries are pretty much either flat lining or coasting on prior achievements.

By: ben

ben — Fri, 06 Feb 2009 06:07:08 +0000

Please tell us the details about your visit to California. Its about time a Republican with cajones stand up to the Neocons. Sanford never said anything about supporting criminal activities among these bankers and Wall Streeters. A crook is a crook regardless of party affiliation. Lets get some reality and maturinty and quit trying to believe in Santa Claus. Only an honest leader can get us out of this mess, not a sloganeering, poll watching sycophant.

By: SlaveNoMore

SlaveNoMore — Fri, 06 Feb 2009 04:20:04 +0000

Idiot-Proof, you stole my thunder. I was about to rebuke the 85-90% of commenters to this article who, like dumb sheep, actually believe that big daddy government is going to fix this problem. Well, I’ll go ahead and do it anyway. What the h*** are you people thinking? Have you all been brainwashed beyond help? The government is not a wealth creator, it can only transfer wealth. Who do you think is going to pay for the trillion or so they will be conjuring out of thin air in the next year or so?? The greedy corporate Wall Street executives? Evil capitalist entrepreneurs like your bosses who for some unknown reason continue to employ your ignorant a*ses? NO! YOU WILL PAY! YOUR CHILDREN WILL PAY!! I understand that some of you may pay little in federal taxes. You may even get a “rebate” (wealth transfer) check each year for paying nothing. But understand this. The bastards who have hijacked our government figured out long ago that they could get in bed with central bankers and do a number on you and most of you fools would never be the wiser. You see, they do not need your money (yet). They can “borrow” money from the central bank (FED) that didn’t exist until that moment. That expands the total supply of money, which then devalues every damn dollar that was in circulation prior to this new expansion (inflation) of the money supply. Those dollars are in your pocket and maybe a few of you actually have a savings account. Your earnings are literally evaporating because of this theft. You haven’t seen real inflation until we run through a few years of trillion dollar deficits. Do not believe for a minute that B.H. Obama is going to save you from this. He is one of two things: too dumb to understand it, or he approves of it. Otherwise, he would be compelled by the sheer evil of it to speak out! (same goes for Bush, Clinton, McCain, etc) The only presidential candidate who had the b*lls to speak against it was Ron Paul. Say what you will, it will take a great host of men and women with his integrity to fix this. And they can’t do it unless there is a citizenry behind them who are willing to stop whining and holding out a hand to Massa Uncle Sam for a few more morsels, but rather people who get sick and damn fed up and throw off the ignorance and laziness brought on by years of governmnent education and worthless micky mouse college degrees. WAKE UP PEOPLE! We are headed for socialism and it will not be like what your Marxist college professors taught you! God help us if you people represent the majority of America!

By: idiot-proof

idiot-proof — Fri, 06 Feb 2009 01:40:55 +0000

You Idiots – NO ONE – even us “greedy” Republicans “want” to see a depression – but if push come a shove at least we have the bal*s to eat it ourselves rather than pass a socialized-no motive-loser-lazy-lets all be mediocre nation that is trillions in debt on to our children. Being able to buy a set of hub-caps that keep spinning at the stop light might be kewl – but most people are going to pay down dept – not go out and buy there small town dream with any stimulus sent to the public. As for the corporate world – let Bankruptcy laws do what they were intended to do – help those who still have a heart beat – and let the dying die so the market can replace them with the living. Good intentions feel good – but they do nothing to add healthy results.
The only way out of this mess – is to suffer until we “work” our way out – you liberals need to go wayyyyy back to when economics was taught instead of condom useage – “printing” money only adds to inflation – and borrowing it only makes you in bondage to the lender. Quit your damn whining and realize what you love to see in the gym – no pain no gain – its true with your latte sipping bodies – and its true with economy. The party is over – Government – not free markets – caused the problem – hold it accountable.

By: John

John — Fri, 06 Feb 2009 00:27:10 +0000

Simple question for all. If the excessive spending and credit craziness created this mess, why does anyone think that borrowing 900+ billion dollars and not figuring on paying it back will work. We are just about bankrupt and this should do it.
Watch for the further steps: Devaluation of the dollar and nationalizing the financial institutions. All in the name of “saving the economy”

By: Hugh Jascock

Hugh Jascock — Thu, 05 Feb 2009 23:17:20 +0000

I can tell you now, as a citizen of South Carolina that Mark Sanford is the real deal. He is a fiscal conservative, and has brought the Employment Security Commission to their knees because he wants accountability for where the unemployment benefits are going before he asks the fed gov for a loan. He is definately a great governor, and a man of principle. Also, just because he is from the south, he believes in God, but he isn’t a shove it down you throat christian. Go Mark Sanford.