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<blockquote data-quote="brett636" data-source="post: 978260" data-attributes="member: 249"><p>We may agree on the basic principle that excessive debt for our country is bad, but where we part is where most of the debt has come from and what is necessary to reverse course. You bring up the wars, the bush tax cuts, and the stimulus. First off the wars have cost a lot of money, but in the grand scheme of things are a drop in the bucket compared to the cost of social entitlement programs such as medicare, medicaid, and social security. Those three programs alone nearly cost as much <strong>per year</strong> as we have spent on both the Iraq and Afghanistan wars to date. Even the CBO admits the Bush tax cuts have helped to reduce the deficit, and the stimulus is credited to Obama of which we have yet to see any real results from. You are picking out the smallest parts of the equation here and pointing to them as if they are most of the problem. The bottom line is our government spends too much and has over promised too much. We can't grow our way out of it, we can't tax our way out of it, we can only reform and cut our way out of it, and to date I just don't see the political will among either Republicans or Democrats to do what is necessary to fix the problem. </p><p></p><p>I would also like to point out that whining about the collapse of the European economy is not going to fix the problem as it cannot be fixed. The European people have stated they don't want it fixed, they want total destruction of their economies and societies by voting in extreme leftists to finish off what is left of their nations credibility. It cannot be stopped and our best course of action is to brace for whatever bad economic news we have heading our way. </p><p></p><p></p><p></p><p>Perhaps that tin foil hat of yours slid down over your eyes and you couldn't read where I stated that we are on the same path as the EU, only not so far down the road. Yes the fed is printing money and keeping interest rates artificially low in order to put a band aid on the situation, but that only works for so long. Eventually we will have to face the music with our current economic and monetary policies, but unlike the EU we have not reached the cliff yet. Unlike the EU the voting public in the U.S. has an opportunity to reverse course by putting the right people into elected office who want to fix the problem rather than let it continue to fester. If we re elect Barack Obama I predict sometime during his 2nd term we will be in the same boat the EU is in today. Putting Romney in power along with a few more Tea party republicans in elected office greatly increases the chances that we will turn things around. I realize its not guaranteed, but its certainly better than allowing things to continue as they are. </p><p></p><p></p><p></p><p>When the EU collapses they won't be doing so well, so your question is moot.</p></blockquote><p></p>
[QUOTE="brett636, post: 978260, member: 249"] We may agree on the basic principle that excessive debt for our country is bad, but where we part is where most of the debt has come from and what is necessary to reverse course. You bring up the wars, the bush tax cuts, and the stimulus. First off the wars have cost a lot of money, but in the grand scheme of things are a drop in the bucket compared to the cost of social entitlement programs such as medicare, medicaid, and social security. Those three programs alone nearly cost as much [B]per year[/B] as we have spent on both the Iraq and Afghanistan wars to date. Even the CBO admits the Bush tax cuts have helped to reduce the deficit, and the stimulus is credited to Obama of which we have yet to see any real results from. You are picking out the smallest parts of the equation here and pointing to them as if they are most of the problem. The bottom line is our government spends too much and has over promised too much. We can't grow our way out of it, we can't tax our way out of it, we can only reform and cut our way out of it, and to date I just don't see the political will among either Republicans or Democrats to do what is necessary to fix the problem. I would also like to point out that whining about the collapse of the European economy is not going to fix the problem as it cannot be fixed. The European people have stated they don't want it fixed, they want total destruction of their economies and societies by voting in extreme leftists to finish off what is left of their nations credibility. It cannot be stopped and our best course of action is to brace for whatever bad economic news we have heading our way. Perhaps that tin foil hat of yours slid down over your eyes and you couldn't read where I stated that we are on the same path as the EU, only not so far down the road. Yes the fed is printing money and keeping interest rates artificially low in order to put a band aid on the situation, but that only works for so long. Eventually we will have to face the music with our current economic and monetary policies, but unlike the EU we have not reached the cliff yet. Unlike the EU the voting public in the U.S. has an opportunity to reverse course by putting the right people into elected office who want to fix the problem rather than let it continue to fester. If we re elect Barack Obama I predict sometime during his 2nd term we will be in the same boat the EU is in today. Putting Romney in power along with a few more Tea party republicans in elected office greatly increases the chances that we will turn things around. I realize its not guaranteed, but its certainly better than allowing things to continue as they are. When the EU collapses they won't be doing so well, so your question is moot. [/QUOTE]
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