Politics
Out of context: Reply #15147
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- ukit0
Unfortunately I think many people are being fooled and misinformed on the debt issue. If you listen to the Tea Party, you would have the impression that the massive increase in the debt recently is the inevitable result of entitlements and other middle class programs. If you buy into the line of reasoning that the entire system is unsustainable, then I guess it makes a certain amount of sense to not raise the debt limit and let the cards fall where they may.
But the truth is, we didn't have a debt as recently as when Jimmy Carter was President. You can point to very specific policy choices that led us down this path - the Reagan tax cuts in the 80s, the Bush tax cuts, the Iraq War and then the financial crisis. Amazingly enough, when you deprive the government of revenue without cutting spending, engage in expensive wars without accounting for them in the budget at all, or a massive recession hits and tax revenues drop, the result is a huge increase in the debt.
Ironically Republicans supported essentially all of those policies which ended up creating the debt. Then they turn around and argue that funding a normal society is somehow unsustainable when all evidence points to exactly the opposite.
Those are the real issues involved. And I hate to say it, but in this case one side really is worse than the other. You can blame the liberals for not doing a better job for standing up to the other side or for being complacent and continuing their policies, but it's really been Reagan and Bush economics that have bankrupted the U.S. over the past 30 years.
- yea they didnt help much with borrow and spend. even prez voted against debt ceilings with bush if im right. now theyre doing the same.********
- doing the same. its that its bad whne your team does it but ok when i do. and peopel get caught up in it********
- what was it liek 200 bil revenue a motn and borroing 130 bil to cover others costs. thats bad. really soemthign needs to be done********
- done. and i have little expectation if ceilign is raised it will happen. the buck will be passed like the graphs show.********
- i think its better to be hit now and control until it gets out of hand. its hypothecial on amount of damage now or later, but thats the best solution as i see it********
- later but thats the way i see it. sure i could be wrong. and there really isnt a way to tell. that unknown like heaven and hell is being sold********
- hell is being sold********
- we can disagree on that, and do it amicably but we shouldnt get into parties.********
- i share your concern about who gets hurt the most. and the what is the greater good. i fall back on philosophy, not politcial phil to make choices********
- political philosophy when making those decisions. especially since policial phil is a distortion on top of root phil.********
- You talk too fucking much.DrBombay
- yea they didnt help much with borrow and spend. even prez voted against debt ceilings with bush if im right. now theyre doing the same.