Jophiel wrote:
gbaji wrote:
The spending that did balloon was pretty much all the Dems though, wasn't it?
Doesn't matter. The Democrats could have not spent a dime on anything else and would still enter the year with a deficit due to those three items.
Yes. But that would be a more temporary thing. Don't forget that revenues are down right now because of the financial situation. When business recovers, revenues will return to more normal levels (without any need for tax increases), and it'll be sufficient to cover those again.
By lumping an extra half a trillion in yearly spending on top of that, the Dems have made that an unlikely way to reduce or eliminate the deficit, meaning that we now must push some combination of tax increases and spending cuts to avoid ever increasing debt.
Quote:
Quote:
That's specifically what I was referring to.
While ignoring the elephant in the room. Very productive of you.
The elephant, as you clearly stated, was in the room 2 years ago, and 10 years ago, and 20 years ago. I think it's relevant to point out that when you're already right at the edge of what you can afford, it's kinda dumb to go on a spending spree. That new spending tipped the equation from "manageable spending" to "unmanageable spending". My prediction had to do with the Dems knowing this going in, and planning on using the "fiscal responsibility" argument later to convince people to raise taxes to pay for it.
Quote:
Again, I'm waiting on someone to say how they're going to balance Medicare/Medicaid, Social Security and the military budget because nothing else matters -- we don't have a single penny to spend -- if we don't handle those.
Red Herring Joph. It's a legitimate topic in a longer term view of our economy, but the immediate issue is not those things, but the new spending programs created in the last year or so. How about we repeal the health care bill? That'll save us a few hundred billion dollars a year right there and not actually cost us anything since no one's yet received anything from it. How about eliminating all non-loaned money in the two stimulus bills? How about we go back through all the stuff the Dems passed on purely partisan basis and just strike them out? That would put us back into reasonable territory, wouldn't it?
Then, after we've eliminated the immediate crisis, we can tackle the bigger long term spending issues. See, the problem is that the new spending we're doing today, if unchecked, will become long term spending that can't be cut easily over time, just as medicare and social security have. Let's focus on nipping those in the bud now while we have a reasonable chance to do so without millions of people becoming dependent on them first? Cause that would be the smart way of doing things, right?