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Know what else occurred to me? How nice it would be if about 500 billion of those 700 billion defense dollars DIDN'T go for defense and what we could do with that money. Oooops...sorry, wrong topic.
In any case, we should make it a priority to pay back the debt. On that i agree.
What you just did was much like attorneys saying things to juries and being told they shouldn't and then the juries being told to forget that. You could have deleted that sentence before posting it, but didn't. Now are we all to forgot what you said?
It was humorous, to me, and I think that if we stop spending for defense we will have no military and then it will be easier for certain parties to take over our government with no opposition.
We pay something like $600 B in interest alone every year. Has it not occurred to any of the progressives on here what we could do with that money if we weren't giving it away for interest? Why not make it a priority to pay off that debt?
I have heard that idea many times, here in Portugal as well. Paying back all debt now in order to get rid of the interest payments, sounds interesting (if that is what you meant). But the existing debt is just too big It would bring about great poverty in the short term.
Why do you ask Roy? Do you WANT to be called a racist?
I mean really....what does race have to do with the point you're making?
Race has not one damned thing to do with it as far as I am concerned but it was a lack of agreement with the President and I have been called racist over and over for not voting for him and disagreeing with him so often. I guess me not liking is very racist since he is a black man.
No, I just enjoy calling out people who conveniently gloss over Bush's deficit increases while laying 100% of all blame for everything wrong in the U.S. at Obama's door. It's almost as if Bush were never president the way some of you talk...
Throw out some of my words that were aimed at protecting the record of Bush just for kicks. I think that they will be attached to those who were blaming him and trying to change the debate from Obama. How long has it been since Bush left office? Yesterday or the day before?
Yeah, too bad. And too bad the malfeasance of the guy before Bush failed to attend to protecting the U.S. which resulted in the cold blooded murder of more than 3000 of my closest friends.
Too bad. But none of that is going to change anything. We have debt and it's costing us more every day.
What are we going to do about the debt? You can bash Bush but the basket is still empty and losing more cash everyday.
Yeah it really is too bad that abortion of a president spent so much, isn't it? It's also too bad he didn't listen to Clinton's expert on Al Qaeda. I'm sorry to hear all of those who lost their lives were your closest friends. What are the odds? My condolences.
About this debt, like the overwhelming majority of Americans, I think we should cut spending and raise taxes. And we should go ahead and pass a balanced budget amendment so when another drunken idiot is in office he can't spend us into oblivion again.
Why go back that far? Don't we have a spender par excellence working in the White House today? I think we do but you would rather blame Bush for all of today's spending. Does this kind of thinking make me a racist?
No, but I wonder why you would consider using the word in an argument where it shouldn't be anywhere in the radar. You could have just said... Bush had a plan in 2001, to pay off the entire debt... using tax cuts. Realities begged to differ, however.
If the budget that they left in place would have been allowed to run its course, the debt would have been entirely paid off by 2012. Sounds good to me. Too bad Bush happened.
You said that before, I posted the facts, no reply.
Again, income among those making over $200k a year dropped by 26% between 2000-2002. The budget you cite assumed an increase in income among that cohort equal to the increase from 1998-2000.
The dot com bubble and corresponding stock option sales was a once in a lifetime event, budgeting off that bubble was foolish, just ask Gray Davis of CA.
The answer is you remove the tax breaks and pay your bills.
Casper
Yep, take from the rich and give to the poor. That is what our tax system today is as is so easily seen by the number of people who pay no income tax but do get those refund checks. Maybe changing to the Fair Tax would take care of the whole thing since that 50% wouldn't have to pay with that one either.
If the budget that they left in place would have been allowed to run its course, the debt would have been entirely paid off by 2012. Sounds good to me. Too bad Bush happened.
What was the budgeted amount spent the last two years? I can't find a record of it.
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That would be nice, wouldn't it?
