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All that money spent and the country is worse off now.. people are unemployed, losing their value to their homes, foreclosures -second wave coming again and people are making less money, worth less and jobs are hard to find.. so where did the money go? In the gas tank, for higher priced food, and it is getting worse.
Location: Georgia, on the Florida line, right above Tallahassee
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Quote:
Originally Posted by Taratova
All that money spent and the country is worse off now.. people are unemployed, losing their value to their homes, foreclosures -second wave coming again and people are making less money, worth less and jobs are hard to find.. so where did the money go? In the gas tank, for higher priced food, and it is getting worse.
Second wave? Are you trying to compare 2013 to 2007 - 2011?
Considering that the #1 cause of the debt is the Bush-Era tax-cuts, that the GOP wants not only to make permanent but wants to double-down on and make them bigger, they've got no cause to complain about debts.
Quote:
Originally Posted by 70Ford
Second wave? Are you trying to compare 2013 to 2007 - 2011?
Not only that, but the notion that we are suffering from high inflation is just false too.
I am sure you can prove that Romney would lower the Debt in four years too....I wonder what you would be saying in four years if he didn't? Would you be calling for him to be replaced?
Yes, in the middle of a economic downturn, where revenues dropped and emergency social net programs kicked in, Obama couldn't (and shouldn't have) reduced the deficit.
So, we have to look at the odds of Obama vs Romney solving the long-term debt problem. Obama proposed to let the tax-cuts on the rich expire. That will bring in about $100 billion per year. In addition, Obama proposes spending cuts too. This is exactly what Clinton did to create a surplus.
Romney proposes more tax-cuts to the wealthy that would require a 57% cut in discretionary spending to offset. According to Ezra Klein Romney's plan is impossible to implement and will raise the debt not decrease it.
The sequestor agreement is the best thing to happen to the debt. It will not be the fiscal cliff that the Repub. and their bosses think. These are the same people who didn't know that the economy was about to colapse.
Have they done anything about it? The obvious answer is NO. They have chosen to do nothing, and instead blame the white house. They are the ones who can cut it, not the white house. How is Romney going to reduce deficit if congress refuses to cut sending?
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