|
|
Billy Joe McAllister
Joined: 12 Jan 2003
Posts: 249
|
 Wed Feb 12, 2003 8:23 am
|
 |
|
Yep, that is a scary chart! There are two ways to reduce national debt on a federal level, and a combination of both is required;l
1. Cut taxes and allow Americans to keep more of what they earn. This has the proven effect of stimulating the economy which will actually produce more in federal revenue. Reagan showed this was true beyond a shadow of a doubt.
2. Reduce federal spending. Odds of this happening are seemingly greater than getting struck by lightning on a cloudless day in a Taliban cave. A good place to start would be to cut the rate of the increase (something Democrats always refer to as cuts).
A combination of the above is the only thing that reduces national debt. It must be a combined effort on both the part of the presidency, the American voters (who elect these reckless spenders and who vote based upon programs that politicians offer) and congress to reduce spending and cut taxes.
Bush could do a much better job at reducing the size of the federal government, and spending....but he has made a significant start on the tax side of the equation. In fact, as far as taxes go, I believe the changes he will put forward will be historic and revolutionary, if he manages to push a flat tax or national consumption tax through Congress.
Congress, however, is spending us to death. As a population, we need to reign in the congressional big spenders and not vote based upon all the "goodies" they offer us courtesy of taxpayer dollars and deficit spending (and if you‘ve ever seen government red tape, you know that those so wasteful programs rarely make it to the general population). Although big spenders are on either side of the political isle, the biggest culprits are Democrats who traditionally buy their constituency and get re-elected by creating a dependent class. The best first step to start to reducing congressional deficit spending then is to remove the Democrat party from power. We have taken that first step but there is a long way to go. Next step is to give Republicans a super majority of true fiscal conservatives. |
| |
|
|
FLKook
Joined: 28 Apr 2001
Posts: 710
Location: East Central Florida |
|
Wed Feb 12, 2003 10:40 pm
|
|
|
Our government's accounting is a joke no matter how it's presented. Budget smudget lest see a balance sheet let's see aggregate expenses and losses, gross income and net profits. Bottom lines. Till then they can play the shell game year from year all they want. Arthur Andersen must have been taking notes! |
| |
|
|
 
|
|
 Goto page Previous
1, 2
All times are GMT. The time now is Sat May 26, 2012 6:26 am
|
|
|
|
|
Login
