PeterS

Donald Trump has announced that he intends to cut taxes and increase spending on the military and infrastructure. Every time in the past that Republicans tired that technique growth in debt spiraled out of control. Now here is my question. Which do you want more--tax cuts and spending increases or lower debt? Both Reagan and Bush Jr proved that you can't cut taxes, increase spending, and not have debt go out of sight. So was all the concerns that I heard about growth in debt under Obama for real or was it just talk and so long as you get what you want any resulting growth in debt doesn't matter?

reconreb Loc: America / Inglis Fla.

Its called Clean the Swamp ,, cut , cut , cut , make real free market work , like bidding on contracts instead of granting no bid contracts worth billions YOU FKING IDIOT !!!!There is so much waste in DC , not only spending waste but human waste who enrich themselves both Repub. and Demo's , Clean the Swamp !!!

Rivers

You leftists are the king of debt! Get it right libturd!

Weewillynobeerspilly Loc: North central Texas

I see you have not shit that brick out yet, i bet when it finally passes it says Hillary 2016..........let it go!

bylm1-Bernie

You state some things that are patently false, Pete. First, the statement about the Republicans causing debt to spiral out of control. That didn't happen. Reagan's policies brought us out of Carter's double digit inflation and gave us prosperity and a strong military. Obama has decimated the military and put us into a very precarious position in the world. Reagan's policy of being strong militarily has proven to help our world position. We are not trying to overtake the world like some leaders. That policy brought us to a very strong economic position. It brought down the Berlin wall and the USSR. Obama has pushed our debt to a position that is very scary - particularly if interest rates rise to levels that will put our cost of servicing the debt to a untenable position. Obama used money we didn't have to push Solyndra, SNAP, etc to levels that are way out of control. Perhaps you could benefit from studying a bit about what lowering taxes has accomplished. The Government needs to get out of the way and let the free market work. It has always been shown to be the best at lifting everyone. What liberals need to realize that in order to grow our economy and help to create jobs, some people, those who cause it to happen, are going to get rich. So what? Everybody is going to benefit. Your last two sentences prove that you don't understand how economics works.

PeterS

Didn't you listen to Donald. He plans on increasing spending not cutting. How can you drain the swamp when Donald is going to fill it full of debt?

snowbear37 Loc: MA.

Those who "cause it to happen" SHOULD benefit! It is the "nature of the beast" that everyone involved doesn't benefit exactly the same as long as everyone "benefits".

PeterS

Oh I found long ago that a little mirlax goes a long way. The pipes are as slick as you can get.

Rivers

Wait and see.

JimMe

Pres Obama has presided over $8 Trillion in increased Debt... 5 of his first 7 Fiscal Years have seen over $1 Trillion increases... The only times the Debt was lower than $1 Trillion were the 2 FY the GOP House refused to raise the Debt Ceiling and halted the Spiraling Debt for a short time...

Trillion Dollar Debt Increases only started after the DemLib-Socialists gained the House and Senate in 2007, after the 2006 Elections...

And my source are the USA Treasury Dept's Debt Reports...

Weewillynobeerspilly Loc: North central Texas

I'm going to let that comment pass without my usual smartassism......that serve was way too easy for me to spike.

PeterS

The topic was debt and how tax cuts and spending increases cause it to grow not how wonderful you thought the economy was under conservatives. Under Reagan national debt increased from 924.6B to 2,190.7B for an increase of 136% and under Bush Jr debt increased from 3,540 to 7545 for an increase of 122% Both 8 year periods were the fastest increase in debt outside of WWII.

And please don't tell me what I understand and don't understand when you clearly didn't read anything I wrote. Anytime you accelerate debt you will increase economic growth. That comes straight out of Monetary theory. It worked under Reagan and it worked marginally under Bush. The problem is what we do with the resulting accumulated debt? The last time we came close to balancing the budget was in 2000 we cut taxes instead of paying down debt. That resulted in still more debt and the predicament that we find ourselves in now. Now with debt hovering around 20T and about 75% of GDP why on earth would anyone be in favor of taking steps the we know from history will increase it further still?

And if you are going to disagree with what I am saying then show me the numbers where I'm wrong, okay!

https://www.cbo.gov/sites/default/files/113th-congress-2013-2014/reports/45010-breakout-appendixh.pdf

PeterS

So why are you in favor of taking steps that we know will only accelerate it? And for the record the rate of growth in debt under Obama was 119% and this was with one tax increase and almost no growth in spending.

PeterS

I appreciate it Weewilly. I'll try to make things more difficult in the future...

Rivers

Using percentages IS NOT an accurate accounting! Obama has increased the national debt by over $9.5T, more than all previous presidents combined! You conveniently not mention the increase in GDP that occurred under Reagan, upwards of 6 to 8%, something Obama could only dream about....being the only post WWII president to not have one 3% GDP quarter. Obama overseen the slowest and worst economic recovery since WWII.