One Political Plaza - Home of politics
Home Active Topics Newest Pictures Search Login Register
Main
Republican Borrowing
Oct 8, 2013 10:10:24   #
working class stiff Loc: N. Carolina
 
Like a runaway train down the west side of the Sierra Nevadas, the coming federal fiscal meltdown has been slowly gathering steam and has now reached a critical speed where the only way to stop it leads to wreckage. And I will blame Republicans for it.

Because they were the ones who made paying for the goods and services the American people want or need uncool. They ridiculed the tax and spend liberals and told the American people that they can just borrow the money for their demands. I have put up links to charts about deficits and debt on other threads and they clearly show that deficits and debt accumulated fastest under Republican administrations. They are the party of borrow and spend. It is their policy: cut taxes, spend money on obligations, and borrow the difference. And blame the other side while shedding crocodile tears. As Mr. Cheney said, President Reagan showed that deficits don't matter.

I'm just as angry at the Democrats because they gave up a conservative economic position for easy money. Tax and spend is an honorable and conservative fiscal position and one that every working class stiff can relate to: you pay for the things you want upfront. Credit cards are for emergencies. Instead, the Democrats rode the gravy train of "painless" borrowing also, never daring to make the case for tax and spend.

So, all this wailing and gnashing of teeth about who's responsible for the coming wreckage is laughable. Because unless both sides come to a basic understanding about responsible fiscal policy there will be no way of limiting the damage.

Reply
Oct 9, 2013 10:39:34   #
JimMe
 
I have done my own research of Increased Debt Spending - and I use the USA Treasury Monthly Figures of Revenues (the Nation's Income), the Outlays (the Nation's Spending) & the Deficits/Surpluses (the Nation's Increase/Decrease in Our Debt)... Pres Clinton's last 3 FY (Fiscal Years) with a GOP House & Senate had Decreases in the Debt every year. Pres Bush's first 6 FY had a $1.676Trillion Increase in the Debt with the GOP House & Senate, BUT Pres Bush's last 2 FY had a $1.870Trillion Increase in the Debt with the Dem House & Senate... And Pres Obama's first 2 FY with the Dem House & Senate had a $2.591Trillion Increase in the Debt, and Pres Obama's last 2 FY with a GOP House & Dem Senate has had a $1.844Trillion Increase in the Debt... So, the GOP may not have been Great in Budgeting, the Dems have been HORRIFIC!!! So, I don't know what Source you get your figures from... I USE THE USA TREASURY DEPARTMENT'S MONTHLY REPORTING... Check it out for yourself at fms.treas.gov/mts

Reply
Oct 9, 2013 18:18:36   #
working class stiff Loc: N. Carolina
 
I don't doubt your numbers. They are what I see.
And I'm not trying to justify Obama's deficit and debts, but there were extenuating circumstance in those first two years and he did inherit a 1 trillion $/ yr. hole in the budget and that's pretty hard to fill.

I'm much more worried that both parties do not seem too concerned about the coming fiscal train wreck. I've made a case that tax and spend was a better policy than borrow and spend because, mainly, if one has to tax in order to spend, the taxers and those paying would be much more careful about what they agree to spend on. I think both parties are acting HORRIFICALLY irresponsibly.

Reply
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main
OnePoliticalPlaza.com - Forum
Copyright 2012-2024 IDF International Technologies, Inc.