The only good tree is a stump. Is that what you are saying?Is not a reduction in deficit spending good? Lets not forget G W Bush's 8 years and fighting 2 wars on borrowed money while making a 10 year tax cut to make the population appeased while the walls wer crumbling.? Those tax cuts decreased government revenue to apoint where borrowing is neccesary. Those tax cuts are hurting us.
1OldGeezer wrote:
FOM,
Deficit and national debt are two different things, the fact that the 2013 deficit ratio decreased from the 2012 ratio reflects several things, one being increased tax revenue (one being the expiration of payroll tax holiday), sequestration reduction of spending forced on Obama by the opposing party, and reduced spending on the Afghanistan "war". The debt still increased by 680 BILLION dollars in 2013 (as compared to 1087 BILLION deficit in 2012). The reason this is a reduction is because it was so astronomically high in Obama's previous four years. Maybe with the many taxes contained in ACA the "ratio" can again be lowered temporarily before the GDP starts to falter.
Our national debt has doubled under the Obama administration (equal to all debt of all previous administrations combined). If, for some reason the interest rate on our national debt rises, causing increased outgo, the unsustainable point caused by the many "benefits programs", will arrive in even a shorter time.
Maybe we should, as you say, consider import/export restrictions, do you see this happening ?
This administration needs to quit pushing government dependency programs and implement something meaningful like developing a national energy policy, abandoning this "g****l w*****g" carbon tax scheme, oops, they have changed that wording to "c*****e c****e" now with all the cooling that is going on, or how about not calling CO2 (what you breathe out and trees need to live in order to produce oxygen) a pollutant so it can be taxed ?? Some program besides giving money to banking friends to create jobs.
If I read you right you want to wait until the debt is unsustainable before we do anything different ??? Well, that is one way to go...
1oldgeezer
FOM, br Deficit and national debt are two differen... (
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