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If only there was a way to cut every government pension including those that were in the military....would that make you happy? That would definitely reduce the debt.
There is a way, have the FED buy 85 billion a month from the treasury...
But hey the bonds are low interest and very pricey and the stock market very pricey too, no worries though......
Why don't you skip the BS and demand the FED give em the $$$ directly???
Or hey why not just mint some trillion dollar coins and give em to China and Japan???
This is factually wrong. If not for the tax cuts enacted during the presidency of George W. Bush that Congress did not pay for, the cost of the wars in Iraq and Afghanistan that were initiated during that period, and the effects of the worst economic slump since the Great Depression (including the cost of steps necessary to combat it), we would not be facing these huge deficits in the near term.
...Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for almost $7 trillion in deficits in 2009 through 2019, including the associated debt-service costs.
The data is in. We don't have a spending problem, we have an economic growth problem. Attacking the elderly, slashing state and local employment, and not investing into America will not solve our debt problem.
We doubled our spending in 10 years...how is that not a problem?
In 2011 our total cost for two wars was $3.7trillion and rising, it will be much higher than that when you add in the cost for the troops now that they have returned home and their medical expenses.
But don't you mind that, the $3.7+trillion is no big deal is it.
Doubt it, they don't have the US Military to back them up.
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