how to build a progressive tea-party

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Personally, I really love how US Rightwingers talk about Social Security as an "entitlement program" without mentioning why it is so (the case being that US citizens PAY INTO the program).

Anyway, you're ideas are inane. Disinvesting in human capital (education) and failing to prop up aggregate demand in desperate times are the sure way to shrink the economy, which leads to even bigger deficits in the long run. It's really right-libertopians who are naive to think that a government budget works like a private household's budget.

[youtube]http://www.youtube.com/watch?v=Ei_B5MTJofI[/youtube]

The funny thing about that - didn't Britain run out recently on Libya after a short run? I a sense we are running a welfare of sorts - its a military welfare where European countries can dedicate their budgets to social programs while they have us come to the rescue when things go sour in one way or another.

Keynesianism might work to a certain point but might it be a strain on the imagination to consider it boundless? Its like pretending that the Fed's control of interest rates or the IRS's sculpting private spending via new exemptions have that power. It would also be wonderful if we just owed ourselves, we know for certain that this is far from the truth.

The video clearly specifies the bounds - the put at which we're printing money for no new real goods or services, the point at which a nation has outstretched it's productive capacity. Underdeveloped nations can do this a lot more easily than industrialized countries.