Spending

[Riot]

Originally Posted by joeydb

Your use of "income giveaways" is bass ackwards. .

No, it's not. It is precisely correct. In accordance with our Constitution, we all contribute financially to our common good, we budget for it, obtained from taxes. That is our - America's - income. And you agree to that by being an American citizen. You pay taxes. It's part of your responsibility as an American.

Giving our countries income away, then screaming "Alas, how did we get poor?! We must cut spending", is ignorant of the totality of what got us here. Our countries income has crashed since 2000, down more than 10%, when we as a country have grown in population - thus we should be rolling in money, with less taxes being paid by all.

We are not. Ask yourself why.

And don't attribute it only to Bush's unfunded wars and unfunded Medicare giveaway. It was his unfunded tax cuts, too. In fact, that is the majority of what makes up our deficit. You can't spend what you don't have - so having a budget planned over years, but then giving the money away, so you have less money to both meet your budget and continue paying off the deficit, was unbelievably stupid. Where was all the public screaming about our deficit in the last 12 years, as it spiraled up out of control into trillion-land? As more corporate loopholes were placed into being, so this past year the top corporations in this country paid no income tax (and some even got billions back in credits) And that put us exactly where we are now.

If you are living on $100 a week to make your expenses, you don't cut your income to $70 a week then start bitching about spending as the cause of your troubles.

Once again: Clinton left us with a budget surplus and a rapidly decreasing deficit. Let's see what has made our deficit massive:



And tell me again, how well income giveaways - Bush giving away our income in the form of tax cuts to corporations and wealthy individuals - helped prevent our getting to this disastrous point in our countries financial existence? How great Reaganomics, "trickle down", has worked in the past? It's a proven bunch of hooey that has not worked.

And yet, unbelievably R- Paul Ryan wants to lower taxes for the wealthy from 35% to 25% in this next budget. How DARE he. The CBO has scored the Republican Ryan budget as adding trillions - trillions - to our debt over 10 years.