(06-20-2012, 03:01 AM)kandrathe Wrote:(06-18-2012, 03:45 PM)Lissa Wrote: The reason we have the debt issue we have right now is Republicans cut revenue (taxes) while increasing spending. Let's realize that the reason the debt tripled is because of the train wreck started by cutting taxes while increasing spending.Ah, yes, finger pointing is constructive too.
Visual aid. Congress makes the budget and the President gets to sign it. You need to look at the affiliations of the House, Senate and President. GWB had a hand on it -- he did sign it. He didn't craft it. But, yes, his addition of Medicare part D, failure to address medicare costs and the two wars did balloon spending during his tenure.
Which is why the taxes cuts should have been repealed. If you have too much money going out, you have to increase revenue, otherwise you go into debt and end up bankrupt. As much as the Norquistians...er...Republicans want to argue otherwise, cutting is not the only way to get yourself out of debt, you need a balance between spending cuts and incoming revenue.
The other problem with your visual aid as well is that it doesn't show that the budget was created in the prior year. So a budget for Actual year 2008 was created in Actual year 2006 (since most of actual year 2008 is fiscal year 2008 which started in October of actual year 2007).
Sith Warriors - They only class that gets a new room added to their ship after leaving Hoth, they get a Brooncloset
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.