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Originally Posted by flstf
I have a limited understanding of how our budget and monetary system really work but IMHO the answer is yes. The government is over taxing and over spending like they always do. A complete turnover to Libertarians of a majority of our polititians would be required to put things back on track, but that ain't gonna happen.
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The debt and deficit problems are not due to over taxing or over spending. Debt and Deficit problems are the result of spending more than you tax.
A libertarian-leaning society whose government spent more than it taxes would have this problem. A socialist-leaning country whose government taxed more than it spent would not have this problem.