Originally Posted by
kydonky
The Bush presidency doubled the national debt and he left office leaving the worst financial crisis since the depression. He also left commitments to two wars (one that had to be fought unfortunately). Not necessarily Bush's fault though...he and our country both were completely blind sided, sucker punched by those idiot muslims on 911...that loss right there plus the huge windfall of money necessary for the homeland security is the major reason for the doubling of any debt (I have no idea if the debt was doubled or not, but I do know the after effects of 911 cost us a lot of money...and I can't pin that as being Bush's fault)
The debt continues to rise weather the Dems or the Repubs control the congress or the presidency. This is true...but debt has NEVER risen as much as we have seen it rise under Obama's watch.The Clinton Era left Bush with budget surpluses. This is because the Clinton era saw a republican controlled house and senate...Clinton ain't no dummy, he listend to the repubilcans and in doing so ended up making himself shine a little bit.I do not see lowering taxes as the anwer to the national debt. We have not had a surplus budget since the Bush tax cut were enacted.
So the question is how to pay it off. Lowering taxes unfortunately does not work mathematicaly. Cutting spending will only slow the progression or perhaps make it worse is we should slide back into ressession. First place I know to start is vote Obama out of office.So if my family was in this situation I would consider a part time job moonlighting to pay off the loans. That would not be fun but I would tell myself that once I have this under control things will improve. Not only moon lighting but moon lighting for tax free money. It ain't right but it's better to screw the government before they screw you. Very sad that this is what it has come down to, but it is what it is and this is where we're at. And you're correct, it ain't no fun...I've been doing it since Q1 of 2010
I could not let my family go hungry and I would not want to raid my children's educations. Me either...but big government does not care about you and your's...they will raid whatever funds are available as they seem to have proven time and time again.We were in this position at the end of WWII. The national debt was 121% of the GDP. We did not pay this off by reducing taxes then. I don't know, I wasn't around at that time.
Where was this concern in 2005, 2006 .....?
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