Quote:
Originally Posted by bossku69
we dont have a deficit problem, we have a SPENDING problem 
quit spending so much and we wouldn't be in all this trouble. the gov't will always spend more on an increasing scale, but we need to limit what they spend on so this does not get out of control |
Yes ever since Bush started giving money away the US debt has risen. It's not the fault of one Government it's a trend that is clear to see in many countries.
America on a spending spree.
Consider this most of that debt, money loaned, poured into the US economy. Whether to build a road, bridge, pay police, fireman, Government workers, etc. Most of the money ended up paying for US houses, cars in the US, spent in malls and food shops. The problem is what it was spent on. Goods sucked in from the 3rd world.
Cutting the deficit means removing this money from the economy. Less people buying porn memberships.
However while you all go to the local Mall to buy cheap goods produced in the 3rd world. The problem will remain.
The only way for a country to get out of debt is to do the same as you and I would. Earn the money to repay the loan. Every time Governments cut, someone somewhere loses a job and puts another person on the Governments payroll. So you save $100 and end up with $100 out of the economy.