spaceguy said:
Screamapillar said:
Flanneryaug said:
There is plenty of room to cut, the problem is that what needs to be cut is what each side cares about the most. We have ended one war and the other will be over next year, defense spending should be dropping massively, but Republicans don't want to cut it. The Social Security and Medicare age should also be raised, because people are living longer, but Democrats don't want to cut that. The only solution is for them to make deals that hurts both sides, like the recent sequester.
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See... NOW we're getting somewhere. Finally someone who can look at the situation objectively, and not come from a biased viewpoint where you're looking at things from the angle of your political party affiliation or blind love of individual politicians for no apparent reason.
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Medicare didn't cause the debt. Deregulation of banks, two wars on credit card and tax breaks to rich did. The Fed Gave the Banks 26 trillion dollars. The rich only pay SS on pay up to 115,000 dollars after they don't pay in, They should. Also SS is not part of the buget. It is solvent until 2030 and if rich pay after 115,000 it won't ever have a problem. The problem is 1/4 of corporations paid no tax's 2012. Loop holes that only server the rich. The pay at the bottom is a joke and the top has made record profits. So what should be cut the defense that is 3 times it's size since 2001 or take money from the poor that pay into SS their whole life. IT'S THEIR MONEY. THATS WHY REPUBLICANS WANT IT SO BAD BECAUSE THERE IS TRILLION IN THE SS TRUST FUND. Republicans haven't balanced a buget in 50 years. Dems have. Republican had a hand in all of the financial disasters. So tell me why should we cut the poor and people's money that we owe them.
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Well, if you really want to go back to the root cause of the debt, it's more or less around the early 20th century. First it was the Income Tax, then it was the Federal Reserve, then it was the FDR legislation spending ridiculous amounts to artificially create an atmosphere where it appeared we recovered from the Depression.
Of course, the real reason we got out of the Depression is because WWII ended and people came back from the War and started their own business and began generating true capital. Taxes went down... revenues went up...population exploded... we had a solid three decades of incredible growth. Then we messed it up by electing Politcians who promised to take care of us instead of letting us take care of ourselves. Too much money being spent on things we can't afford. In other words: entitlements. Iraq War didn't help... but it was merely a blip in the long journey that has taken us from a free market economy to the monstrosity that it is today.
