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To: BobL

I appreciate your sentiment, but let’s be realistic.

Do you really believe this government will not spend more than they take in? I don’t.


7 posted on 06/07/2012 8:50:44 PM PDT by volunbeer (Don't worry America, our kids can pay for it!)
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To: volunbeer

“Do you really believe this government will not spend more than they take in? I don’t.”

I hear you, but one thing to keep in mind is that things have changed. I remember Reagan saying that the one good thing about his deficits back then (which were quite large at the time) was that it kept the Dems from spending more. Then Clinton initially gave up on Welfare reform (before Newt took over the House) because his administration couldn’t find the money for it.

...now go to today. Today, the idea of controlling the deficit is TOTALLY DECOUPLED from spending. Obama sent the deficit sky-high, to the point where it has to crash this country worse than the depression, and has don’t absolutely anyhing to control it, either on the tax or the revenue side.

Spending today is based on whatever Obama and the Dems want to spend - what’s collected in taxes doesn’t matter at all. So if revenue did increase with all of the tax cuts expiring, that does not mean an automatic increase in spending...it just means a smaller deficit (but still a pretty big deficit). Spending now increases irrespective of revenue and the rate of spending growth is also now irrespective of revenue.

Those are my observations for the past few decades, at least.


11 posted on 06/08/2012 4:28:50 AM PDT by BobL
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