BoatShoes;1035141 wrote:We already thoroughly covered this in the past. Not sure why I even bother but what they hey. Even if you accept that government should not grow in the future as a percentage of gdp, bringing in only 14% of GDP in revenue...well below the historical average...will ensure large deficits with out very large spending cuts that will decrease the size of government to levels not seen since before WWII. And, with a refusal to cut defense spending, social security and medicare right now drastically...that is not achievable. And of course, such cuts would raise unemployment drastically and ensure slow economic growth for several years because austerity in a slump only makes problems worse and ultimately be self-defeating. This is not in dispute at this point. This is why you have to have balanced deficit reduction over time. Do you even care that what you think would work is being tried in Europe and proving disastrous? Does it even matter to you?
Even if you want to get government to only be 10% of GDP you're going to have to grow your way there and not cut your way there and if you want to cut things you have to get to full employment first. Getting government to 10% of GDP may be a wise goal but even if it were it has to be achieved over time and could be achieved faster with an increase in revenue in the near term.
It just is not sinking in is it? As short as 4 years ago, in 2007, we had a deficit of 'just' $160 billion --- revenues of $2.56 trillion, and outlays of $2.72 trillion. In 2012 we are projected to have a deficit of over $1.1 TRILLION, even though revenues will be $60 billion higher than they were in 2007. Most people understand that that means we have had a SPENDING EXPLOSION. And 2012 is on top of the already-3-year multi-trillion dollar deficits --- the spending binge is beyond astounding. Obama would have been fired 2 years ago if it were possible, as would any CEO of any company whose policies have done nothing but make absolutely everything worse that he has touched.
He has taken
the size of the entire federal government from where it was just 10 short years ago
AND DOUBLED IT. THAT IS CRIMINAL!! IT IS THEFT FROM US AND AT LEAST 2 FUTURE GENERATIONS, supposing we could even survive that long which we cannot.
You act like we did not have a defense department and social security and medicare just 10 years ago when we had a surplus; obviously we had these programs and managed in at least a half-assed manner to keep deficits to a somewhat managable level. The problem is this guy has come up with an extra trillion or more, PER YEAR, in additional spending to create a level of dependency never seen before in our history -- over 43 million on food stamps. He is the King of Food Stamps, and the King of Unemployment.
He is the ultimate socialist / marxist, or whatever you want to call him. I don't know if you get paid to spin your hogwash, but my goodness you are so far off base it is laughable.
