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But eightiesgirl
the deficit was much lower before the tax cuts
posted by
jollyjeff
on November 23, 2010 at 12:24 PM
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Jeff,
The problem is that like your checkbook, you can't spend more than you have or you have a negative balance. We not only have a negative balance, but we have borrowed from other countries, our social security/disability and every other plan that we have and no money to replenish those accounts. Instead we are going bankrupt. And raising taxes aren't the answer, as there are so many people out of work, that the higher tax burden falls on those that are working and barely surviving. The conservatives have a right to be upset. We all should be upset. If Congress doesn't permanently extend Bush's tax cuts for everyone, we willl all be paying an outrageous amount of taxes come January.
posted by
eightiesgirl
on November 23, 2010 at 11:11 AM
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Where is the money coming from? We either borrow it or just print the damned stuff........it's a ponzi scheme.....
Can you, as an individual, 24/7/365, spend 30% more than you earn without repercussions? It's all a matter of perspective......all of the spending you speak of added together pales in comparison to the amounts squandered since this group took over Congress in January of 2007.......we have spent 5 TRILLION dollars more than we have taken in.
posted by
Corbin_Dallas
on October 26, 2010 at 2:26 AM
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I've wondered that myself.
posted by
FormerStudentIntern
on October 25, 2010 at 8:28 PM
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