Quote:
Originally Posted by GDB
Balancing works both ways. You have to increase revenues and decrease expenses. Guess what they outright refused to do under any circumstances? It's all well and good if they proclaim they want to balance it, but they shouldn't crash the country's economy in the process.
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In a recession/depression, the last thing you want to do is increase taxes. Get rid of loopholes is one thing, raising taxes is another. We're not as bad as we were 80 years ago, but we haven't been in this bad a situation in decades.
Even the S&P said that our entitlement spending and our ever increasing debt was the problem. Not whether we had a debt ceiling raised. And why didn't the Democrats pass a budget when they controlled all 3 Houses of the Federal Government?
Don: Obamacare hasn't even hit us yet, that's what scares me. America is in for a long decade of pain.