National debt Crisis

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Originally Posted by Tahoe

The major items that contributed to it has been years of waste and mostly the Dems spending habbits. The Repubs stopped another Trillion dollar ominibus during the lame duck.

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During the years of republican control did spending go up or down? How about deficits?

It went up. The Repubs had to make deals with the Dems, just to getjthingskpassed.

The thing is that it is clear who wants to cut spending now.

Let me just... put this here...

http://www.americanprogress.org/issu...fographic.html

Just think if we didn't keep spending borrowed money and adding almost 2 more trillion dollars to the national debt this year. Cuz we are going to spend over 200 BILLION dollars in interest payments this year(which it looks like would cover all those programs).

And Barry's budget adds about 10 trill, iirc, to the debt over the next decade.

Its unsustainable.

Instead of 14 trillion in National debt and 200 billion dollars annually to pay for it, think what it would be like to have 3 trillion in debt, or 1 Trillion or even a surplus. We could cut taxes...wow what a concept.

But if we had our fiscal house in order, the Fed Gov't could afford to fight a war or could afford to do stimulus packages.

We just cant afford anything.

Since we're playing what if: If we weren't fighting wars and hadn't cut taxes our fiscal house would be in order.

Taxes should be lowered...and that isn't a what if. The Gov't shouldn't be as big as it is. And it shouldn't be spending more than it takes in.

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Originally Posted by geerussell

Since we're playing what if: If we weren't fighting wars and hadn't cut taxes our fiscal house would be in order.

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I don't think peeps mind paying taxes if they knew it wasn't going to be wasted.

Here's a story on Gov't waste cuz of redundant programs.

http://online.wsj.com/article/SB1000...399165436.html