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Old 08-02-2010, 07:37 AM   #44 (permalink)
Baraka_Guru
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Quote:
Originally Posted by Cimarron29414 View Post
HUGE difference between having a problem and taking out a loan, and consistently spending $300B to $1.5T more dollars than you can possibly take in. I think that is the difference, at least for me.

If you look at the deficit spending and it's explosion, it corresponds precisely to these people uniting. I was going to TEA party rallies when Bush was in office.
I agree. This is why I said I support deficit spending and fiscal responsibility. What's going on in government spending in the U.S. is disastrous and can't continue on the same course. However, the Tea Party wants to curb spending in such a severe way that it seems unfeasible without sending shockwaves throughout the country.

There are a number of factors at play. Much of it has to do with the balance of trade and the rise of economies outside of the U.S. It also has to do with special funding for a couple of wars 10 years in. It also has to do with maintaining cold-war defense spending.

Now throw in an aging population and social security and you have a mess.
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