AND cutting taxes AND piling up a massive debt as a result of bushs wars?
2007-03-01 07:41:42 · 15 answers · asked by Anonymous in Politics & Government ➔ Politics
You seem to think we are the only nation on Earth with debt. Nice assumption you make, there. Makes me smile.
2007-03-01 07:47:18 · answer #1 · answered by sjsosullivan 5 · 2⤊ 2⤋
No. A booming economy and debt are not directly related.
Tax receipts are much higher, so maybe you need to be educated more about "real world" economics before you imply that tax cuts lead to lower tax receipts. Unfortunately, you tend to think like other Dems who consistently fail to understand tax policy.
We are piling up massive debt because CONGRESS cannot control their insatiable appetite for our tax money. They spend the money, and they also refuse to cut spending. I have never experienced a year in my life where Congress reduced spending from year to year. They are despicable. Just like people living on credit, our country is living high now, but will pay the price later. The gravy train will be derailed with the retirement of the Baby Boomers.
2007-03-01 16:01:33 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The problems is not a single party can be held responsible for our federal debt. The problem is really with us, we don't re-elect people based on how much money they save the country but how they bring home the bacon to their home district...so with everyone bring home the bacon then the debt piles up. Everything has to start with the people to change the system. And the system has to change before we ruin what nation our forefathers built.
2007-03-01 15:54:38 · answer #3 · answered by Laughing Man Copycat 5 · 1⤊ 0⤋
The economy sucks and just because the market is at 12,000 or above is not an indicator . The price of stocks are out of reach for the average income earner . With a majority trading at over 100 dollars a share .
This is what has driven the market to its lofty purely bull sheet level .
2007-03-01 15:51:06 · answer #4 · answered by -----JAFO---- 4 · 2⤊ 2⤋
No we're not the only country in debt but our debt is by far the largest. We had a surplus when Bush got into office and he has squandered it.
Why can't you wannabe cons admit Bush has been a failure of epic proportions.
2007-03-01 15:50:00 · answer #5 · answered by Rick 4 · 3⤊ 2⤋
No worries mate! we'll pay they, if we want to. Kind of makes you think : is this one more way to insure peace with Red China? They wouldn't want to lose there investment.
2007-03-01 15:50:17 · answer #6 · answered by Boston Mark 5 · 0⤊ 0⤋
Those with six figure incomes are making out big time. The majority are losing their purchasing power.
2007-03-01 16:13:46 · answer #7 · answered by Chi Guy 5 · 0⤊ 1⤋
Actually, as a % of GDP, our deficit is lower than the past 30 year average.
And our debt as a % of GDP is lower than Japan and most European countries.
I love the thumbs down. All I did was state two FACTS. Some people are clueless I guess.
2007-03-01 15:48:20 · answer #8 · answered by Time to Shrug, Atlas 6 · 1⤊ 3⤋
Yes. (See Johnny 2 times answer for proof) Also, he must not have read, watched, or listened to any news reports yesterday.
2007-03-01 15:53:23 · answer #9 · answered by T S 5 · 0⤊ 1⤋
the economy is booming for large corporations ... everyone elses' money is worth less and less ... they can tell me the economy is strong all they want and its not making the purchasing power of the dollar in my pocket go up ...
2007-03-01 15:49:18 · answer #10 · answered by Anonymous · 3⤊ 1⤋