There is two sides to the equation taxes vs spending. Unfortunately the Congress seems perfectly happy with a really screwed up tax code that lets billion dollar corporations pay no tax while it squeezes money out of a middle class turnip.
Without metrics, a single data point (debt) does not mean too much. The trend is more important and how it compares to similiar economies. And there are different ways to look at it as this clickable debt map shows: http://mashable.com/2014/11/13/compare-debt-g20-nations/#7ew_dtYqnPq6Those enraptuted with the gold standard might want to examine this paper:http://static1.squarespace.com/static/541ff5f5e4b02b7c37f31ed6/t/55ba08e6e4b0c6602ddd7f9d/1438255334668/Why+the+euro+is+the+gold+standard+writ+large.pdf
Have you ever noticed that when the Democrats do something good (like look like adults during their debate instead of a pack of unruly brats as in the GOP debate) or when the Republicans do something stupid (like be unable to elect a Speaker of the House) the first thing Republican cartoonist and pundits do is start screaming about the National Debt?
Simply put, deficit builds the long-term debt, any continued deficit will continue to build debt. REDUCING the deficit doesn’t stop the debt clock, but it slows it down, and slows the growth of debt. Economists have also long pointed out that NO debt is also a bad thing. U.S. Savings bonds, and loans to produce contractor profits in the MIC are just two examples of debt owed to U.S. citizens, and financial institutions, that keep the economy humming.
And yet those Pesky FACTS say that the National Debt has shrunk More and Faster under President Obama that it has under any Other President in the last 40 years.And, that it Grew More than ever Before under Dubya.
Dtroutma over 8 years ago
She is aware the deficit has been declining, right? Nah, why would she bother.
braindead Premium Member over 8 years ago
I remember how all the so-called ‘conservative’ cartoonists were so outraged when Bush obliterated the projected surplus he inherited from Clinton.
What?They weren’t outraged at all, but were cheering Bush on?
Yeah, I forgot again:It’S OKAY If A Republican Does It.
Kylop over 8 years ago
Rip up the road, give the bricks to the wealthy, and they will “trickle” it down. Providing more bricks! Problem solved.
Theodore E. Lind Premium Member over 8 years ago
There is two sides to the equation taxes vs spending. Unfortunately the Congress seems perfectly happy with a really screwed up tax code that lets billion dollar corporations pay no tax while it squeezes money out of a middle class turnip.
superposition over 8 years ago
Without metrics, a single data point (debt) does not mean too much. The trend is more important and how it compares to similiar economies. And there are different ways to look at it as this clickable debt map shows: http://mashable.com/2014/11/13/compare-debt-g20-nations/#7ew_dtYqnPq6Those enraptuted with the gold standard might want to examine this paper:http://static1.squarespace.com/static/541ff5f5e4b02b7c37f31ed6/t/55ba08e6e4b0c6602ddd7f9d/1438255334668/Why+the+euro+is+the+gold+standard+writ+large.pdf
dre7861 over 8 years ago
Have you ever noticed that when the Democrats do something good (like look like adults during their debate instead of a pack of unruly brats as in the GOP debate) or when the Republicans do something stupid (like be unable to elect a Speaker of the House) the first thing Republican cartoonist and pundits do is start screaming about the National Debt?
Dtroutma over 8 years ago
Simply put, deficit builds the long-term debt, any continued deficit will continue to build debt. REDUCING the deficit doesn’t stop the debt clock, but it slows it down, and slows the growth of debt. Economists have also long pointed out that NO debt is also a bad thing. U.S. Savings bonds, and loans to produce contractor profits in the MIC are just two examples of debt owed to U.S. citizens, and financial institutions, that keep the economy humming.
oneoldhat over 8 years ago
deficit 2005 = 318.62 billion ; 2015 = 439 billion // yup dtroutma going down
Tarredandfeathered over 8 years ago
And yet those Pesky FACTS say that the National Debt has shrunk More and Faster under President Obama that it has under any Other President in the last 40 years.And, that it Grew More than ever Before under Dubya.
DrDon1 over 8 years ago
Simply another fact-free opinion from Benson.