Quote:
Originally posted by seretogis
The debt isn't something that you can just raise taxes to pay off. It accumulated because of unnecessary spending of money on things that government shouldn't even be involved in. The "war on drugs"? Waste of money. The National Endowment for the Arts? Waste of money. Cutting unnecessary government programs and outsourcing to more efficient private companies would be a better way to approach it, rather than just taxing the hell out of working-class Americans and giving $50,000 grants to people that ignite a dollar bill with a joint and call it art.
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You may recall that there was a sizeable SURPLUS when the current administration took office, despite the National Endowment of the Arts, etc. The BUSH Endowment of the Upper Class is what has brought this upon us. They gave away even more than he had to spend! While they couldn't forsee the tragic blow our economy suffered post 9/11, the refusal to roll back some of the give-away, coupled with their additional spending without making arrangements for sufficient funding, has plunged us deeper in debt, faster, than any time in history. Not even FDR spent money he didn't have this fast!