2006-09-14 10:42:31 · 5 answers · asked by Anonymous in News & Events ➔ Other - News & Events
its going up and will continue to go up with all of the ridiculous spending that the us government does
2006-09-14 10:54:37 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The deficit has been dropping due to a huge increase in tax revenue that started with the Bush tax cuts. This is pretty clear, but still used in an attempt to divide people. The plain truth is that when tax rates are reasonable, people will just pay their taxes. When rates are too high, they will spend time and money trying to find ways to avoid paying them. Keep them at the right level and the tax revenues explode just like now.
Of course the national debt continues to grow at an alarming rate. That will keep happening until we find a way to cut programs and increase revenue to the point of a surplus. Unfortuantly, congress does not seem to have the slightest interest in a surplus. You don't buy the votes back home by cutting programs and services.....even a little.
2006-09-14 17:52:20 · answer #2 · answered by united9198 7 · 0⤊ 0⤋
It's going to continue you go up for a long while.
We have to pay for this stupid war and start to take care of the awful shape this country is now in.
It's like we had a shopping spree and didn't pay our rent. Eventually you have to take care of home.
2006-09-14 19:36:54 · answer #3 · answered by daljack -a girl 7 · 0⤊ 0⤋
Depends on which nation...
China? They have a surplus
The USA: It's a controlled, death spiral
2006-09-14 17:51:48 · answer #4 · answered by westgaliberty 6 · 0⤊ 0⤋
UP!
2006-09-14 17:49:42 · answer #5 · answered by Anonymous · 0⤊ 1⤋