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Thread: Americans Blame Wasteful Government Spending for Deficit

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by CriticalThought View Post
    I don't know of anyone who has said the government shouldn't cut spending.
    obama's 2012 budget published in february, the only itemized accounting submitted by the party in power in 700 days, raises spending to 3.73T and actually increases borrowing 20% to 1.65T

    Obama pitches $3.73-trillion budget - Business - CBC News
    Last edited by The Prof; 05-02-11 at 10:56 PM.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    Yeah, right, on both accounts.

    There are plenty of people who say we shouldn't worry about spending, we need to let the Bush tax cuts expire on the wealthy.

    So over spending caused the deficit, but we should raise taxes to pay for it? Dood, get a life and then get back to me.
    I don't think anybody said that, no.
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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Deuce View Post
    I don't think anybody said that, no.
    Sure people have. Those who aren't as rigid as all that say that taxes should be raised and defense spending cut. That's just great, raise taxes to hurt the recovery and cut the discretionary budget item that doesn't grow year to year and ignore all the other mandatory spending programs whose growth threatens budgets for coming decades. What a ****ing joke.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    Sure people have. Those who aren't as rigid as all that say that taxes should be raised and defense spending cut. That's just great, raise taxes to hurt the recovery and cut the discretionary budget item that doesn't grow year to year and ignore all the other mandatory spending programs whose growth threatens budgets for coming decades. What a ****ing joke.
    And lets not forget they **** bricks when you talk of a low number such as 60 billion. OH NO! NOT SIXTY BILLION!

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Deuce View Post
    Where did conservatives get the idea that liberals don't think spending should be cut at all?

    Straw man, anyone?

    And since when did solving this issue become one or the other?
    Spending cuts would hamper the recovery. I can't tell you how many times I've heard that line.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by pzycho View Post
    So over spending caused the deficit, but we should raise taxes to pay for it? Dood, get a life and then get back to me.
    As much as I hate the idea of raising taxes, it does become a necessity at a certain point. You can only cut government spending so much before that hurts the economy. That is the thing that people like you are clearly too uneducated on economics to understand. The government is one of the biggest employers and spenders in the country. The welfare of the economy is dependent upon government spending. You can cut government spending to the degree that it would drastically hurt the economy. There has to be a balance, and that means at a certain point taxes do have to be raised.

    In the long term, it would be wise for the American people to think of reducing the size of the government. But at its current size, it would be financial suicide to make drastic cuts without considering the consequences.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by The Prof View Post
    obama's 2012 budget published in february, the only itemized accounting submitted by the party in power in 700 days, raises spending to 3.73T and actually increases borrowing 20% to 1.65T

    Obama pitches $3.73-trillion budget - Business - CBC News


    U.S. President Barack Obama is sending Congress a $3.73 trillion US spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
    Please read your own articles.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by CriticalThought View Post
    As much as I hate the idea of raising taxes, it does become a necessity at a certain point. You can only cut government spending so much before that hurts the economy. That is the thing that people like you are clearly too uneducated on economics to understand. The government is one of the biggest employers and spenders in the country. The welfare of the economy is dependent upon government spending. You can cut government spending to the degree that it would drastically hurt the economy. There has to be a balance, and that means at a certain point taxes do have to be raised.

    In the long term, it would be wise for the American people to think of reducing the size of the government. But at its current size, it would be financial suicide to make drastic cuts without considering the consequences.
    Who said people don't understand it? People understand it very well, but they feel it has to happen sooner or later.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by Henrin View Post
    Who said people don't understand it? People understand it very well, but they feel it has to happen sooner or later.
    I hate to have to quote myself, but I have addressed this point before.

    Quote Originally Posted by CriticalThought View Post
    Do you consider what the effect of making sudden changes to government spending and taxation would have on the economy?

    For example, a lot of people would like to switch from an income tax to a consumption tax like the Fair tax. That is all well and good, but don't you think making a sudden change from one to the other would have a rather negative impact on our economy? We are after all a consumer economy, and a consumption tax emphasizes saving not spending.

    Or how about making drastic cuts in government spending? Would it not be better to make phased cuts over a period of time rather than drastic cuts which will increase the jobless rate and shut down services that will increase our long term health and legal costs?

    I think a lot of people are so caught up in cutting spending and changing the tax code that they aren't thinking how sudden changes will affect our economy, particularly since it takes time for people to change. In fact, I think the greatest danger to our economy isn't so much what we do, but how fast we try to do it. I'm also not particularly trusting of politicians who are trying to score political points with their base constituents to make wise choices in implementing small and incremental changes as opposed to sudden and potentially disastrous changes.

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    Re: Americans Blame Wasteful Government Spending for Deficit

    Quote Originally Posted by CriticalThought View Post
    I hate to have to quote myself, but I have addressed this point before.
    Phase cuts are unrealistic and not going to happen in this world. You either cut it big now, or you do nothing of importance. Sorry, I'm not saying I don't agree with you, but its not going to happen in such a way.

    And quoting yourself is easier than saying stuff over and over again. I'm in total support of it!
    Last edited by Henrin; 05-03-11 at 12:06 AM.

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