macatak, explain to me in specific terms why it hurts you that the government is in debt. also explain why a surplus (overtax) is good. then explain why these things are more important than other economic indicators, for example the stock market. also, what do you think is more important, a growing economy or, a balanced budget? do you think one encourages the other? why? do you think that lower taxes, which are obviously a contributing factor to the deficits, are bad?
Also, please explain why you are always so quick to puke up some graphic about Bush's administration. This thread is not about George W. Bush, yet you feel the need to again post crap like that graphic. It's rather juvenile, if you think about it.
Are you kidding? You didn't actually read the graph, did you? It shows that Clinton was the only president in the last 50 years to post a surplus instead of contributing to the National Debt.
The US pays out $104 billion a year on interest to float the unprecedented national debt. This is a waste of my tax money. Most of it goes to strengthen China who buys up US Treasury notes in huge numbers. There is no reason for a economically powerful nation like the USA to spend more than it takes in.
There are at least 2 reasons: 1) The politically unpopular but necessary war on terrorism (including Iraq and I know how you feel so don't bother to respond). 2) Supporting half the population because they won't work yet continue to reproduce like rabbits.
that absolutely depends on we spend it on. if the spending results in growth, it is absolutely worth it, and insane not to go into debt. i am not saying we spend well. i am saying debt isnt bad. furthermore i am saying that a surplus is unquestionably worse than a deficit. clinton couldnt spend the way he wanted because of a republican congress. bush didnt have that problem, and it hurt us. if clinton had a democratic congress, he would have destroyed us.
Decrease defense spending and raise taxes will get you a surplus. If that's your definition of a great President, then he was great. View attachment 9157
not most. less than of half of our debt is foreign held, and most of that is not china. plus, even if what you said is true, i am happy to strengthen china, give them a nice solid place to invest money. i want to see the whole world increase wealth. we always need to keep debt in perspective, the real issues are growth and wealth.
