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I find it interesting that this topic is suddenly at the forefront, but virtually IGNORED while Bush was running up the deficit and operating with a blank checkbook on military spending. Again, the rising deficit and spending were NOT headline news when Bush was turning the surplus he started with into a record deficit and engaged in out-of-control spending for the unnecessary wars he lied to engage this country in.
The deficit and spending are not the problem, but the Republican narrative is. Bush and Republicans left a tremendous mess. They engaged this country in two wars that were unnecessary. They ignored the domestic agenda and allowed it to fall into crisis mode. They ran up the deficit after given a surplus and spent mightily. Unfortunately, we have to spend ourselves out of this Republican-created mess. Democrats are trying to solve these problems. Republicans simply want Obama to fail and have no plans other than to help the privileged few. This is clear.
It was ignored by many, not by me. Th main reason it was ignored is the deficit while large in numbers was still small as a percentage of GDP, now that it is over 10% people are waking up.
Congress can always allocate increased tax revenue for a specific goal (debt repayment).
Its called a "lock box".
You can't cut enough government to pay off the debt.
Impossible.
How did that lock box work out for social security?
You can't tax people enough to pay off the debt, unless you consider taxing every single man, woman, and child $45,642 okay. That's the total debt per person in the US.
I find it interesting that this topic is suddenly at the forefront, but virtually IGNORED while Bush was running up the deficit and operating with a blank checkbook on military spending. Again, the rising deficit and spending were NOT headline news when Bush was turning the surplus he started with into a record deficit and engaged in out-of-control spending for the unnecessary wars he lied to engage this country in.
The deficit and spending are not the problem, but the Republican narrative is. Bush and Republicans left a tremendous mess. They engaged this country in two wars that were unnecessary. They ignored the domestic agenda and allowed it to fall into crisis mode. They ran up the deficit after given a surplus and spent mightily. Unfortunately, we have to spend ourselves out of this Republican-created mess. Democrats are trying to solve these problems. Republicans simply want Obama to fail and have no plans other than to help the privileged few. This is clear.
We would also need to tackle unfunded liabilities. The problem we have is counting unfunded liabilites we owe $156 Trillion (including private, corporate, Fed, State and local debt). Grandfather Debt Summary Table Report by MWHodges
Why do working class conservatives obsess over protecting the income of millionaires while trying to cut funding for schools and the elderly like OJ with a knife?
It's actually pretty simple, if you raise taxes to bring in more revenue it will undoubtedly get spent on something other than debt because this is Washington DC we're talking about here. If you cut spending, and I mean really cut spending then you lower the debt.
If you cut spending then the Republicans will find a way to put the surplus into tax cuts rather than paying the debt.
Spinning arguments is a pointless exercise.
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