Quote:
Originally Posted by Spexxvet
My understanding of it is that there is a huge, dangerous debt/deficit problem in the US, and the poor and middle class cannot fix it.
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Clinton had no problems fixing it. He fixed the tax structure by having everyone pay fair amount of taxes. What resulted was job increases and reduced deficits. Funny how many want to solve this problem with no taxes.
Michelle Bachman is a perfect example of one so many approved of. She was asked how much of every dollar should go to taxes. She said none. In a next question, she then said defense spending should be increased. Why do so many believe this nonsense? So many even foolishly insist lower taxes mean more jobs. Well, tax cuts last decade resulted in how many more jobs this decade? At what point does the word 'liar' apply?
What worked previously? It will work again. But as Obama so accurately noted, it will take at least a decade to fix a mess created by politicians and their money gamers between 2000 and 2008.
How many $billions did we have to spend only to get bin Laden because someone all but protected bin Laden? Never forget why we have so many debts. "Reagan proved that deficits don't matter." Not when he was creating them a political agenda. Now we must increase taxes to pay for those deficits. No way around reality - no matter how often Bachman, et al ignore that reality.