Record $14 trillion-plus debt weighs on Congress
- Thread starter Frank Fire
- Start date
this seems relevant today.
Bill was smart. He didn't mess with things and knew that the economy was important.
I think of Bush (41) is quite a bit like Adams (2). Adams basically forfeited his presidency to keep the US out of what would have been a devastating war with France.
Bush (41) raised taxes to get the budget under control. The years of growth started under his administration. He was probably the best foreign policy president that we had in quite some time, I don't think he gets the credit for sacrificing his 2nd term to real in the budget.
If the debt is not capped and spending cut, then I think we should vote them all out. If they vote to raise spending and raise the debt limit, then it is just more of the same and it puts us in a dangerous place. It is better to feel the pain now, then later.
Bill was smart. He didn't mess with things and knew that the economy was important.
I think of Bush (41) is quite a bit like Adams (2). Adams basically forfeited his presidency to keep the US out of what would have been a devastating war with France.
Bush (41) raised taxes to get the budget under control. The years of growth started under his administration. He was probably the best foreign policy president that we had in quite some time, I don't think he gets the credit for sacrificing his 2nd term to real in the budget.
If the debt is not capped and spending cut, then I think we should vote them all out. If they vote to raise spending and raise the debt limit, then it is just more of the same and it puts us in a dangerous place. It is better to feel the pain now, then later.
lol, you're absolutely right. It doesn't make it a good thing.
Meh..I didn't characterize it, just wondered why 'record' was included in the title since it's been a daily occurrence since it started accruing only seeing a brief respite in Clinton's last years.
When it was first proposed, it was a short term measure.
We have been let down by every group of "leaders" since. Debt is needed at times. WWII is a good example. However, the difference was, we didn't have debt back then. Now, as crisis arise, like they have, it is much more dangerous to dip into the debt.
The debt is serious for long term stability and quality of life.
True we we were just spending less, the economy was booming and taxes were a bit higher, so more revenue, but we were still spending!
Some what put it like this in the U.S. economy: You want to purchase a car that costs $20,000.00, then you decide to buy a car at $10,000.00. You are still in debt $10K, but you think saved $10K, not really!
Supafly
Retired Mod
Over twenty years of (pointless) wars in Iraq, then added Afghanistan, and a Free Ride Crad for the Masters of the Universe at Wall Street and big companies sum up to some grade Triple-A tax waste like never seen before
And voters seemed okay with this
So yow you gotta accept you are fucked up :2 cents:
And voters seemed okay with this
So yow you gotta accept you are fucked up :2 cents:
The other day I was watching an old re-run of that 70's "classic" about truckers, Movin' On and they mentioned and complained about the "$80 Billion national debt"! It sounded so quaint. Ha ha ha!
That's what is soooooo fucked up about the United States.....everyone wants everything they can get.....they just don't want to have to pay for it! Plus, for some God forsaken reason....the Defense budget/spending seems to be some sacred cow....talk about fucked up priorities.
That's what is soooooo fucked up about the United States.....everyone wants everything they can get.....they just don't want to have to pay for it! Plus, for some God forsaken reason....the Defense budget/spending seems to be some sacred cow....talk about fucked up priorities.
Supafly
Retired Mod
Yeah, that would be like a parking violation ticket today :1orglaugh
Yeah, it was funny....I actually got a chuckle out of it and the fact that they thought "$80 Billion" was terrible. Then I realized that it wasn't actually supposed to be funny at the time. Ha ha ha!
perspective is reality 
I like your thinking. You're seeing past the game. The problem is that it is the one who wins the game that controls where we are heading. So, all the spin on the numbers is there to get voters. It is all about re-election, not about what is good for the country.
There is tons of stuff written about the Republicans. Their base is clearly the "no tax" base without a real plan. The have The House and are embattled.
The Democrats have The Senate and The Executive. So, it is reasonable to expect a clearer message from them. We need to bring in revenue and cut taxes. The plan is clear on how to bring in the revenue (proposed), but how they are going to cut taxes is the mythical numbers your talking about.
I think Obama is a sharp guy. He is in a poker game now. If he does the right thing now, it is a sign he is trying to do what is best. If he just plays the game, wins the poker hand, gets more taxes without real spending cuts, then he is like the rest of them. It is his time to step up. I hope he does.
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