The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum

URL:  http://boards.fool.com/the-subject-of-this-thread-is-debt-and-where-it-30404673.aspx

Subject:  Re: Facts are stubborn things Date:  11/29/2012  10:09 AM
Author:  cjb44 Number:  1840903 of 1976680

The subject of this thread is debt and where it came from.

______________

Debt comes from spending more than you have. It's not really a complex theory. If you bring in X and spent 2X, you will have debt.

I showed all the new spending programs and the dramatic increase in entitlements which can not be funded, even if we taxed the $250,000 and above crowd at 90%.

Look at ObamaKare, when it passed the CBO estimated the cost would be $900Billion. So Obama and Democrats in Congress funded it at $900Billion...fast forward two years and the new cost is listed at $2.7Trillion. Well there's an extra $1.8Trillion nobody accounted for. And that works for every program Republican or Democrat.

We have a debt because we spent too much.

We don't have revenue problem, we have a spending problem.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us