It is probably a boring issue for many of you, but it sickens me to see our country ringing up such a massive debt.
I never thought I'd look to Dems for fiscal sanity. Democrats, what will you do for me here?
2007-01-21 13:12:13 · 8 answers · asked by WJ 7 in Politics & Government ➔ Politics
The deficit spending has gotten out of hand. A little is OK, especially in light of the fact that our GDP has grown twice as fast as the deficit, meaning it would take less time to pay it off. But while short term deficit spending (3 to 5 years) is OK once the government gets addicted to it the chances of stopping them gets harder and harder.
The gamble worked, the economy benefitted from the investment, now it's time to start paying off the debt. It took 5 years to pay down the last deficit, it should take the same amount of time now without extreme austerity programs or obscene tax increases.
2007-01-21 13:21:30 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Well, I will agree with you. What is more sickening is what the money is being spent on & whose pockets it ends up in.
Your question brings up another. What is holding this economy together? Historically, when huge deficits go up, the economy normally takes a nosedive. Maybe it hasn't been going on long enough. But rest assured, the economy will tank eventually. It always has under such conditions.
I never thought I would see the day that Democrats would be seen as the salvation from deficits, but it appears to have been happening for over 10 years now. Seems all the fiscal conservatives may have become either Libertarian or jumped to the Democrats to save our fiscal behinds? The last Republican who operated under a balanced budget was Nixon, about 40 years ago. Clinton's was the only other administration since to do so, in spite of a Republican majority in Congress & because of his frequent use of the veto pen.
I remember the last deep recession that occurred during the late 70s & early 80s. We had both double digit inflation & unemployment happening at the same time. Part of it was caused by Johnson's Guns & Butter ideas, but Nixon continuing the war added fuel to it. It was not fun to live through. And I am damn sure not looking forward to another one like it. Something has to change from what we are doing now if we are to avoid a repeat of that history.
2007-01-21 13:54:40 · answer #2 · answered by bob h 5 · 0⤊ 0⤋
It really frustrates me, too, but here is why I don't talk about it.
It sounds insensitive to complain about the war in terms of dollars. The 1 trillion dollar cost is going to cripple out children and grandchildren. But if I say that out loud, I am afraid it will sound more like I want to end the war because of the cost, and NOT to stop the bloodshed on both sides. I do want our kids coming home safely, and I want us top stop killing hundreds of thousands of Iraqis. I also want to stop spending our country into a hole we can't get out of.
2007-01-21 13:27:37 · answer #3 · answered by firefly 6 · 0⤊ 0⤋
You think you're pissed now, wait till the democrats start raising taxes to pay off this debacle. When it does happen it should be called the George W. Bush war tax, to remind the republicans why they are paying.
2007-01-21 13:28:19 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yep....personally for the past 50 years or so.... and for over a 100 years before that historically... It's nothing new for Congress to spend more than it takes in.
2007-01-21 13:28:59 · answer #5 · answered by lordkelvin 7 · 0⤊ 0⤋
Alan Greenspan.
That's why Bush fired him.
Go big Red Go
2007-01-21 13:48:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think everyone is pissed.
If only we could get other controls to pay us back what they owe us
2007-01-21 13:17:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I would be if their was not a war.
2007-01-21 13:23:05 · answer #8 · answered by asmith1022_2006 5 · 1⤊ 0⤋