how to balance the budget?

[steveo395]

Originally Posted by joethiesmanfan

We are borrowing money because of the Bush Tax cuts. According to your theory after the Bush tax cuts we should be in Nirvana by now. Why cut taxes when you know you can't cut Social Security. That's being intellectually dishonest. Now tell me who can cut spending on Social Security? We are spending 1 trillion dollars this year on war. We borrowing that. That is where the deficit is coming from. An oh by the way, that spending took us out of a depression. Why u think the Democrats won all those congressional seats. It was because of all the job loses
(8 million lost, most gone forever).

Part of the reason we're borrowing money is because of the Bush tax cuts. The Republicans are retarded and cut taxes without cutting spending. You have to do both.

Social Security, Medicare, and Medicaid all need to be cut somehow or were screwed. They are all basically Ponzi schemes that are legal because the government is doing them. All those programs are broke and we can't just keep increasing taxes to pay for all these entitlements. What do you think is happening in Greece and the rest of Europe right now?

Defense spending was $782 billion last year, most of that wasn't on the Iraq and Afghanistan wars, but I agree the spending is too high. We have spent about $1 trillion total since 2001 on the wars, not just last year. I'm all for ending the wars as soon as possible, as is everybody, but thats not easy to do. One way to cut this budget though is to get our troops out of all these random countries around the world, like in Europe and Japan. Why can't they protect themselves.

And no, the new deal did not take us out of the depression, World War 2 did. Unemployment was over 15% between 1931 and 1940. All that spending did not help the economy. FDR's Treasury Secretary, Henry Morgenthau, Jr. even admitted it didn't work in 1939 when addressing the House Ways and Means Committee: “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises…I say after eight years of this administration we have just as much unemployment as when we started…And an enormous debt to boot!”