What is driving US debt?
- Thread starter Tonington
- Start date
Absolutely.
The idea that you can radically cut taxes while in serious deficit is insane.
The idea that you can increase, or even maintain massive spending while in serious deficit is insane.
The USA needs a program that includes both severe cuts, and tax increases if it wishes to avoid the fate of Greece.
Unfortunately, the Democrats won't cut, and the Republicans won't tax.
A pox on both their houses.
Colpy, no matter how you slice it both parties int he US and our Canadian 3 are ALL at the current time are follwing a Keynesian model.
Last edited:
Someone has to pay for two wars.............
Not only misleading.....a blatant attempt at deception.
PresidentialDebt.org - US National Debt by President
Obama is the MOST irresponsible President in US history.
Your link doesn't support that Obama is the most irresponsible in US history. The rate of change YOY peaked with GWB and has been falling since. And of course the US is not a dictatorship. The GOP obstructed nearly everything, including that stupid fiasco involving the debt ceiling.
Additionally, not one of those Presidents on the list in your link came to the Oval Office with worse economic conditions than Obama. You could argue that Reagan was close, but the recession Obama inherited had a larger loss of GDP, coupled with the loss of revenue from the Bush tax cuts.
What the U.S. should do is start a "family incentive program", pay couples now to have more kids to grow the population so in 20 years, they can tax it back. :lol::lol:
What it all boils down to Tonnington is not the president at the time but the philospohy at the time. In the past 30 years we've seen both Rand style "greed is good" and the tried a true Keynesian philosophy of "greed with regualtions and social propping".
Read Rand's When Atlas Shrugged. It's an eye opener.
There are Keynesian Libs and Cons and Rand Libs and Cons. If you look close it's clear as mud that there is unest within the inner circles of ALL parties as to which avenue to take.
It's impossible to peg blame on one Prez or another without discussing their monetary philosophies.
BTW Harper is unquestionably following the Keynesian model just as Martin was.
Yep, not only was he thoroughly corrupt but was connected to every other corrupt person in the country!
A lefty response requiring more guvmint intervention.
Debt to reach $16 trillion in time to crash Democrats’ convention
Debt to reach $16 trillion in time to crash Democrats
Debt to reach $16 trillion in time to crash Democrats