Log in
Register
Search
Search titles only
By:
Search titles only
By:
Forums
New posts
Forum list
Search forums
Leaderboards
Games
Our Blog
Blogs
New entries
New comments
Blog list
Search blogs
Credits
Transactions
Shop
Blessings: ✟0.00
Tickets
Open new ticket
Watched
Donate
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Forums
Discussion and Debate
Discussion and Debate
Politics
American Politics
You Owe $45,000
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="chaz345" data-source="post: 56738114" data-attributes="member: 134045"><p>You are right in that the debt isn't new, but it's absolutely NOT primarily from Republican spending. BOTH parties are completely irresponsible when it comes to spending. I didn't see any significant infrastructure improvements when Clinton was in office and the Dems controlled Congress. His "suplus" was smoke and mirrors. Projections based on a rate of economy growth that would never happen and spending a "surplus" in the Social Security system. </p><p></p><p>Having said that that, there's been plenty of irresponsible spending by Republicans too. But the reality is that the mess trancends party politics and it's going to take something other than party politics to get us out of it. Increased taxes simply isn't going to cut it since regardless of tax rate, revenue stays pretty close to 18% of GDP over the long term. And with current spending at 26% of GDP, we obviously can't fix the problem with increased revenue. Sure a tax increase may provide a temporary fix, that looks good, especially when projected out. Good enougn to get the current batch of clowns re-elected. But it simply won't do anything real to solve the problem.</p></blockquote><p></p>
[QUOTE="chaz345, post: 56738114, member: 134045"] You are right in that the debt isn't new, but it's absolutely NOT primarily from Republican spending. BOTH parties are completely irresponsible when it comes to spending. I didn't see any significant infrastructure improvements when Clinton was in office and the Dems controlled Congress. His "suplus" was smoke and mirrors. Projections based on a rate of economy growth that would never happen and spending a "surplus" in the Social Security system. Having said that that, there's been plenty of irresponsible spending by Republicans too. But the reality is that the mess trancends party politics and it's going to take something other than party politics to get us out of it. Increased taxes simply isn't going to cut it since regardless of tax rate, revenue stays pretty close to 18% of GDP over the long term. And with current spending at 26% of GDP, we obviously can't fix the problem with increased revenue. Sure a tax increase may provide a temporary fix, that looks good, especially when projected out. Good enougn to get the current batch of clowns re-elected. But it simply won't do anything real to solve the problem. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Discussion and Debate
Discussion and Debate
Politics
American Politics
You Owe $45,000
Top
Bottom