General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis "out of control spending" meme of
the right is all they have left to try and get some of their ideology into law.
There is no out of control spending. The deficit has been cut in half.
If Obama would now refuse to negotiate based on the idea that the Right's position is a lie, we'd kick their asses again.
SheilaT
(23,156 posts)if it weren't for the Bush tax cuts.
indepat
(20,899 posts)the rest of the world does on national defense has "out of control" MIC spending.
upaloopa
(11,417 posts)programs and raise defence spending. The reason the right turned a surplus into a deficit was to have reason to gut domestic spending.
indepat
(20,899 posts)highest marginal income rate at or near historical lows sweetened with favorable rates on capital gains, favorable taxation of dividends, and special treatment of so-called "carried interest" so those of der Mittens ilk pay an effective Federal income tax rate on $20 million+incomes of just slightly higher than the rate of payroll taxes paid on the lowest earned income. The right has won this battle and the stark impact of this gross tax inequity is buried in governmental data for all to see and weep.
Jamaal510
(10,893 posts)they should look in the mirror; both Bushes and Reagan ran up the debt like madmen. They're the sorriest excuses for real fiscal conservatism ever. If they really care about the debt, then they'd agree to trim down the military a little; we already almost spend more on it than every other developed country combined.
MFrohike
(1,980 posts)Congress approves it. If they think it's out of control, they're talking about themselves.
The real truth is that it's coded argument over who gets the spoils. Federal spending is the fuel to the economic engine. Without catastrophic inflation, arguing that it's too high is like arguing one has too much air to breathe.
kentuck
(111,102 posts)The $17 trillion dollar debt is mostly the result of the Bush taxcuts, the Bush wars, and the Bush depression. Very little is due to spending by Barack Obama.