Which is worse? Tax and spend or borrow and spend?

Question

I find the latter to be much worse. In fact, I think it is immoral for our generation to engage in all this deficit spending and then expect our children to pay for it.

Our generation should pay for what we spend. It is that simple.

NEARLY THREE (((TRILLION))) DOLLARS MORE IN THE RED. THANKS DUBYA.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

Answer 1

I don't like either. But since we are going into "debt" at a rate of 2 billion dollars a day, it would seem that borrow and spend is worse for America.

Answer 2

I like the spending analogy. Many state that Reagan won the cold war with cash. Some disagree and those that dissent with that analysis are duely noted and I dont intend to ignore their well thought out ideas and contribution. But persisting with the analysis: the terrorists spent maybe a couple million to get the twin towers and pentagon. We have spent 2 trillion. I think they will break the bank. Heres a brief summary of how the spending acumulates. We did shock and awe with surgical strikes using the fairly inexpensive Tomahawk cruise missile only $575,000 each. One ship the USS Bunker Hill launched 13 of these inexpensive instruments of liberation. Thats just one ship several submarines and other ships launched missiles as well. These surgical strikes are so precise they only kill bad guys. Only adult males are slain and these were all either members of Saddams army or future members of various militas collectively known as insurgents. Anyone else incidentally killed are termed collateral damage and are ignored because collateral is only important for loans.

Answer 3

I agree with you. Since the government borrows and spends, there is no limit to how far in the hole they can go. Especially since they "think" up ways that the money will be repaid, using inflated numbers to make their spending look less horrible than it really is. Like assuming that the nation will grow its GDP by 4 percent every year for the next 20 years. no one knows exactly how much the GDP will grow, or if it will even grow at all. It could shrink. But, by assuming that these amounts will be true, they spend and spend.

Answer 4

Especially borrow and spend to go to war. In WWII, Americans were asked to sacrifice, and they did because they knew we were doing the right thing by going to war, as awful as it was.

But ask someone to give up driving conserve gas, or bottled water to save plastic, or soda to save aluminum. Americans would ALL be calling for an end to war. But since people like Cheney are profiting from the war, it doesn't make sense to stop borrowing and spending!

It makes me want to cry when I think about my 4 year old growing up with the debt and problems for the mistakes in my and my parent's generations. That's why I stay involved and stay educated!

Answer 5

As always. Every single liberal policy and belief is based on a lie. This question proves the point one more time. It assumes that lowering taxes will result in less revenue for the government. The solution is to tax less and you will have to spend less. It works like this. When you lower taxes people spend more, When people spend more, business has to make more. When business makes more, they have to hire more people. When they hire more people, there are less people the government needs to help. When the government doesn't have to spend money to help people it has to spend less.

All this adds up to taxing less and spending less..... Pretty simple huh?

However, the party of the poor (Democrats) is managed by the father of all lies and he runs all the way to the bank with the tax lies assumed in this question.

Answer 6

Definitely borrow and spend due to the rising interest rates you borrow 3 trillion dollars and pay back 9 trillion.

Answer 7

Hey stop crying about it, we created this monster in Washington and we let it keep breathing and getting larger every year. Everybody want this program and that program, well someone has to pay for it. So now we have this huge government that we can't afford to keep feeding. So what are you going to do about it, ( and this isn't about Bush he's a drop in the bucket and we all know that), what can you do about it.

Answer 8

Well when you put it that way I suppose I can agree with that.

I dont know what generation you are in, but babyboomers were the first generation in the USA that spent more money than they made as a general rule.
Thats what got us into the economic position we are in.

Answer 9

Borrow and spend is worse than tax and spend.

Answer 10

Tax cuts for the wealthy and how many of their kids are fighting in Iraq?
Nothing like the notion of sacrifice during wartime.