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Lindsey Graham: Reform "D.O.A." In Senate, Public Option "A Disaster"
The morning after the House passes a health care reform bill 220-215, two Senators appear on "Face The Nation." Sen. Jack Reed of Rhode Island says "we must" pass health care reform. Meanwhile, Sen...
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And Reagen and both bushes were huge at spending more than we earned... clinton and carter actually lowered our comparative debt.
Republicans are the ones that ballooned our debt, not democrats.
When you have a higher value in your pocket, you can afford more debt, because it is comparatively less of a burden than it was before.
When you use debt wisely, and are in a better situation to potentially pay it, you can borrow more.
Debt to GDP is not a completely accurate representation.
FYI, under Obama, by 2014 it's being predicted that we'll hit a debt point that is 100% of GDP.
And in supporting this health bill, you support that as well ;-)
And yes, Obama will have a massive debt. .. but it has nothing to do with him. Tax cuts are what skyrocketed our debt, democrats have actually been the ones that typically lower it.
I said "value in your pocket".
When the value of your dollar goes up, you have a stronger position to hold more debt safely. It's simple economics.
And no, tax cuts NEVER cause debt.
Overspending is what causes debt.
Do you automatically go into debt when you suffer a lowering of income?
Only if you continue to spend like you always did or more.
The loss of income does not CAUSE debt.
The overspending does.
Why this fact doesn't compute in the liberal's mind, I'll never know.
I have to disagree with you on that point. It DOES cause debt, even if you're careful. By the math, you're right. But in practice, you're off base with that kind of thinking, IMO. The value wouldn't matter @ that point. Economics is theoretical. Reality isn't.
You don't go into debt until you spend more than you make.
The government only has one form of income. Taxes.
When their income goes down (tax cuts), they have to re-budget.
They never do so, and thus cause more debt.
You cannot go into debt unless you spend too much.
We're talking about the government here, not individuals.
I'm not telling anyone to starve, but you have to cut back when you suffer a loss of income.
The government never cuts back to survive. We must.
You just decide to go full on lib?
you anti-American, Liberal piece of shit.