Quote:
Originally Posted by Riot
We borrowed in the past, we have to pay for it. That has nothing at all to do with future spending. Zero. Zip. Nada.
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We have yet to pay for it. We've had a national debt since at least 1930.
The party is over. Time to cut all the freebies.
And whether it's a household, a business, or a government, debt has very much to do with future spending. The juvenile actions of Congress in spending whatever figures suit their whims, regardless of actual resources and revenue, MUST cease.
Here's the most controversial statement any presidential candidate for 2012 can make: "Effective upon my inauguration, this government will spend a sum going forward that is always less than the previous year's tax revenue. The remainder, which will always be a yearly surplus, will be put toward retiring the debt we have already accrued, with a fraction of that to be accumulated for emergencies."
I laughed my tail off at the president's chief of staff on ABC news yesterday. What a joke - these guys will never get it. We as a country need to spend LESS than we TAKE IN starting RIGHT F**KING NOW!