Washington Spending 101: How to Stop the Explosion of Debt

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As President Reagan said, "Only a constitutional amendment will do the job. We've tried the carrot, and it failed. With the stick of a balanced budget amendment, we can stop government's squandering, overtaxing ways, and save our economy."

The growing momentum toward requiring Washington to actually balance its budget shows that House Republicans have connected with the American people. Leading Democrats are another story. Senator Reid and President Obama are still trying to fool the American people into thinking we can keep borrowing and spending like there is no tomorrow.

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[Athruebelief]

During the Reagan years,the debt increased to nearly $3 trillion,“roughly 3X's as much as the first 80 yrs of the century had done altogether.”

Reagan enacted a major tax cut his 1st year in office and government

revenue dropped off precipitously.

[Athruebelief]

Despite the myth that

tax cuts somehow increase revenue, the government went deeper into debt

and Reagan had to raise taxes just a year after he enacted his tax cut.

Despite 10 more tax hikes on everything from gasoline to corporate

income,Reagan was never able to get the deficit under control.

[racketmensch54]

Wow, that was really stupid.

[summertime24133]

@Athruebelief fact!

[WrenchTurnbolt]

This from the guy who wrote the book on deficit spending. If I weren't laughing, I'd be crying.

[ron8072]

So simple, even a kindergartner could understand. Wonder why Congress can't? I guess, as a whole, they are actually not as smart as a 5th Grader. Or a kindergartner, for that matter.

[cityshots]

did those tablets dropped into the bottle contain, unfunded wars, tax cuts, and medicare part d?