The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Facts are stubborn things||Date: 11/29/2012 10:09 AM|
|Author: cjb44||Number: 1840903 of 2131039|
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 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|