Quote:
Originally Posted by CDSmith
Obama's going to spend money, we get it. Tell me, would McCain have halted all government spending? I doubt it.
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McCain's budget would be similar to Obama's. The government budget hasn't decreased since 1965 and that was by less than 1%. Every year the budget increases 2-7% no matter who is president. It's been 20 years since government spending increased less than 2%. Last happened in 1987 after some really big increases in Reagan's first term.
The best thing for the debt is a strong stock market and during strong stock market years you see strong government receipts due to capital gains taxes. Look at the late 1990s stock market when capital gains taxes collected increased from $62 billion to $110 billion between 96 and 99. Capital gains taxes made up 6% of all government receipts in 99.