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Thread: U.S. National Debt Tops Debt Limit

  1. #71
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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Councilman View Post
    You left out the part where it will still take 100 years to recover if all this were done.
    Not to mention, Bush cut taxes and look where that got us. Cutting spending and balancing the budget is key.

  2. #72
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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Dirty Harry View Post
    Not to mention, Bush cut taxes and look where that got us. Cutting spending and balancing the budget is key.
    Absolutely.

    Reagan may have proved that deficits don't matter. He also proved that cutting taxes while not cutting spending is a formula for increasing those deficits. Trickle down, aka voodoo economics in fine, doesn't work.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. National Debt Tops Debt Limit

    You have to change the culture of Washington either through electing politicians whose primary motive is not retaining power(I have my doubts the American public has the discernment to do this) or redirect the corruption of politicians away from special interests. Do this by passing an amendment for term limits of one term for the President and Congress and have lucrative financial incentives for the politicians to balance the budget and for every percentage point lower the cost of government is to the GNP. Maybe raise the term of the Presidency to six years, Representatives to four years, and keep Senate at six. A non partisan Tea Bag movement that focuses on term limits/incentives would focus the taxpayers anger in a positive direction and be a possible vehicle for change.
    Last edited by laska; 12-25-09 at 02:04 PM.

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    Re: U.S. National Debt Tops Debt Limit

    The root of the U.S.'s debt problem is in our polarizing political mentality, secondarily in our two-party system. Europe went through a lot of upheavals because of competing classical liberal and socialist philosophies but because neither side had a clean win over the public consciousness, it resulted in a society where there is less ideology and more practicality in formulating economic policy. At least on economics, Europeans in general are less dedicated to their personal ideals and are more interested in results, so right and left wing parties can only hurt themselves at the polls by dogmatically opposing each other, which requires more time addressing the technics of their policies -- they speak about things of real substance, not empty talking ideological point-scoring nonsense like in U.S. politics. Furthermore, their parliamentary systems, which often result in coalition governments, require a much higher degree of coordination between different political viewpoints.

    The existence of third-parties is meaningless until Americans reduce their enthusiasm for their opinions. The Republican and Democratic Parties, especially the Republicans, are the best you get until Americans achieve an 'enlightened' state of disinterest in means to economic prosperity. Government control will be less hacksawed.
    Last edited by Morality Games; 12-25-09 at 03:32 PM.
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    Re: U.S. National Debt Tops Debt Limit

    Quote Originally Posted by Goobieman View Post
    Speaking of factual errors, irony and hypocricy:
    Federal Deficit, Jan 21 2001:$5,727,776,738,304.64
    Feferal Deficit, Jan 01 2007: $8,678,229,324,205.41
    That's a $2.951T increase, not the 5T or 6T you claimed.

    But.... lets look at whats happened since then, with Liberals running Congress:
    Federal Deficit, Jan 01 2007: $8,678,229,324,205.41
    Federal Deficit, Dec 18 2009:$12,097,698,782,543.93
    That's a $3.419T increaase, and represents a 15% greater increase to the debt under GWB and the Republican Congress -- all in half the time.

    So, the fact is that the liberals running congress have increated the debt FAR faster than GWB and the GOP Congress.

    Government - Debt to the Penny (Daily History Search Application)
    2 weeks and no response from Pete.
    Hmm.

  6. #76
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    Re: U.S. National Debt Tops Debt Limit

    Obama spends more than all previous presidents and all future presidents combined.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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