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Resident Spy
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How does cutting taxes and raising spending reduce/prevent the national debt? Clinton had higher taxes and responsible spending, and if his policies had been continued we could've been riding a projected trillion dollar surplus. The root of the national debt goes all the way back to when the country was founded. The United States owed money to its soldiers, allies, and other sources since the Revolutionary War, and it has never been repaid. The debt has massively ballooned 3 times: WW2, the Reagan/Bush Era, and the current George Bush. ![]() ![]() ![]() ![]() ![]() ![]() |
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Overwin Winboat
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Echo, show me the research that says that Clinton was the cause. I hate Clinton for geopolitical reasons (as always), but he was pretty good money-wise. Of course, he got into power right as the only major competitor fell (RIP Commies
), so it's perfectly possible that he was crap but didn't need to spend money on arms, which saved him from going down as an idiot in the books. A few more arms supremacists in the White House (like Reagan ) and the debt'll go through the roof. I was kind of disappointed when Obama won - McCain sounded rather hilarious. |
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I see taxing is a sort of a good thing.
While others see it as a bad thing. And those others are running our country the first day it became U.S.A., because of the Revolutionary War, we started with a huge dept that we couldn't get out of, and right now its come back to haunt generations. I hope things don't go out of hand of taxing either... ![]() ![]() ![]() ![]() ![]() ![]() |
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Overwin Winboat
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Yes, taxation is a damn good thing, and no, it won't get out of hand. That's not how you get out of debt. It's how you really, really piss people off and make them vote for the other party next time around.
Debt is always a part of a country - the thing about the US is how much goes into useless spending, so it keeps increasing. Most countries stay in debt at least a bit to keep some money on-hand as rainy day money in case something goes wrong instead of being completely debt-free. The US has taken this to the extreme. I have no idea where they got the $700,000,000,000 from. The thing I hate about these politics is that sometimes a country needs to go through some hard times to emerge for the better. This democracy This post was edited 3 times, last edit by Centreri: Dec 1 2008, 10:57 pm.
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