The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum

URL:  http://boards.fool.com/so-what-caused-us-to-pile-up-16-trillion-dollars-30404485.aspx

Subject:  Re: Facts are stubborn things Date:  11/29/2012  8:18 AM
Author:  cjb44 Number:  1840884 of 1966785

So what caused us to pile up 16 trillion dollars in debt? Reaganomics, Bush tax cuts, and two unfunded wars.

_____________

If you think facts are stubborn things, why not mention how tax revenue increased after the Bush tax cuts of 2001 and 2003 (which had vast bi-partisan support). Same with "Reaganomics" as you state that revenues increased...the problem is spending. Look at the spending

Facts are stubborn things...that is correct. And looking at one set of facts while ignoring others is just as bad as using bad facts.

In 1962 Entitlements were 31% of the budget today they are 61.9% (well if we had a budget). In the same time period defense spending was 49.2% of the budget, today it's 18.7%

http://www.heritage.org/research/reports/2012/10/federal-spe...

We spend too much it's that simple. You want to increase revenuem just work towards more letting the private sector create more jobs. More people paying in, and less taking out. You can help industries without touching taxes...get rid of some regulations (notice the word some not all).

http://www.npr.org/blogs/money/2012/05/14/152671813/50-years...
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us