On this board I don't normally link to blogs unless its a well known person in his/her field. However I ran across this one and it interested me for one major reason. It questioned conventional wisdom and by doing so it made in my mind a strong case that this reducing the deficit talk may be nothing more than a red herring. He says that maybe we are asking the wrong questions. For those of you who will watch gavel-to gavel coverage of the Repubs convention you will hear more talk about the deficit than you heard the last two years. But is it really the demon that the Repubs are making it out to be.
http://www.sighedeffects.com/news-2/...g-the-deficit/
He starts out by asking three questions
-Why do we need to reduce the deficit ?
-What does it mean ? and
-What will it solve ?
He then makes an argument that the question people want to really ask is why is there no jobs ? He feels that people want to link the deficit to lack of jobs but he says the facts don't support that conclusion
He then makes a case that deficit reduction should not be a priority right now.
Then finally he states we are asking the wrong questions. We are asking about what is government doing about the deficit, when we should be asking why if employers are seeing record profits there are no jobs ?
I like when people question conventional wisdom because I have been reading about the conventional wisdom within the health community as it relates to obesity and what causes it. People are making great cases to the effect that the conventional wisdom as to what causes obesity is not necessarily true.
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