What is the Republican plan to pay down our unsustainable national deficit and debt?

Question

Speaking of not having a plan, I'm curious, just what is the plan here? If you don't mind me asking...

We paid down 1/2 the debt -- whaaaa???

And as for "rising the GDP", do you not know why we have our bank rate set at 5.25%? To *slow* the GDP growth down. So, uhm, now what is your reason for the tax cut again?

You guys can't be this stupid.

How about the truth: Raise the taxes, but put the burden on the middle class. Or, eliminate social security and medicare! Or, continue to do nothing, and see how long we can stay in power before the US croaks.

Answer 1

Cut taxes on rich people. If you cut taxes, then the government has less money. Then it can use that less money to pay off the growing debt from the increased expenses. Then the rich people will take all their extra money from the cut taxes and use it to help the country, because rich people always want to spend their money on other people.

Answer 2

There is no plan. And no, the national debt has not been cut in half, it continues to grow unabated. Only the yearly deficit has been reduced somewhat due to increased revenues but the real deficit is not being shown as many things are off-budget or accounted differently.

The tax cuts alone did not increase GDP, it was a combination of that, low interest rates and other economic factors that have brought the economy back. One of those being infusing the military-industrial complex with several hundred billions dollars with fighting the wars.

Answer 3

You mean whats good for billionaires is not good for everyone?!?!!?!
The Debt stands at over 8 trillion
thats8,000,000,000,000
If your under 30 you get no tax cut youll just get the bill
The Govt since 2001 overspends the budget by about 2 billion a day

Answer 4

Its difficult for me to answer this, cause I don't know the answer, but I know how to find stuff on-line, but that doesn't mean I'll give you an answer to agree with or an answer I may agree with. Anyways, with that disclaimer. Here is a link to the Presidents plan (it's like half way down the page).

http://www.whitehouse.gov/news/releases/2006/02/20060208-7.html

Hope it helps in letting you know what the Republican plan is. Again, not condoning, not condemning just answering (political questioins suck to answer).

Answer 5

A great economy. If there was any surplus in the 00s, the Clinton recession would have taken it to a deficit. The tax cuts propelled the GDP, that's why the budget is better than anyone had thought.

Answer 6

More tax cuts for the rich "to stimulate the economy"? It's the trickle down theory. The only problem is the only thing that trickles down on me is their piss.

Answer 7

there is no plan for that
the only republican plan is to line their own pockets with us money from the taxpayers vault
defraud the united states, pass laws after the fact so they themselves are not prosecutable
bilk, bilk, bilk...just like corruption has always been

Answer 8

Their plan is keep spending 8 billon a month in Iraq and don't ask why.

Answer 9

who says this geat president and this great party doesn't have a great plan is unamerican ........ right now ......... they are planning another tax cut and another war to pay off our national debt ....... GOD BLESS GEORGE BUSH ............ WISH HE COULD BE PRESIDENT FOR LIFE!

Answer 10

they have no plan that why they need to be stop . i think we need to go back to pay as we go system