Unfortunately most of the spending is already done. We can?t get back what we borrowed and already spent to have wars in Iraq and Afghanistan. We can?t get back the lost revenue that went out the door for two tax cuts for the top 2% that are about to expire. We can?t get back what we spent on a prescription drug benefit for seniors where they government wasn?t allowed to negotiate prices they just had to pay whatever the pharmaceutical companies said. So a lot of stuff we are spending on now are things we already purchased and used, but haven?t paid for yet. You can?t cut interest payments on the national debt. Furthermore all I hear out of the conservatives are calls for more spending. They want to borrow 700 trillion to extend tax cuts to the top 2%, they want to borrow more money to increase Medicare spending and they want to borrow money to increase spending on defense.
Quote:
Originally Posted by IllTestYourGirls
Stop the spending then we can talk about higher taxes. He is talking about higher taxes to pay off the debt. Obama is talking about raising taxes to spend more and borrow more. There is a huge difference between what he is saying and what you want him to be saying.
Raising taxes with a president like Bush or Obama will do nothing to help.
|