In response to:

The Debt Star We're Building

scJazz Wrote: Jan 27, 2013 5:53 PM
Reagan didn't reduce the deficit/debt while throwing a roundhouse 8itch slap to the USSR daring them to FUBAR their economy any further. Bush 1 didn't reduce the deficit/debt and threw a War while not increasing taxes to pay for it. Clinton actually did reduce the debt/deficit by gutting Defense spending with a boost from Gingrich and better Welfare system (note: this is the both ends must suffer approach that actually works) [extra note: this actually gave us the Internet strangely enough as the Defense product was moved to Academia and Private control]. Bush II immediately drove us further in debt/deficit. Then doubled down by throwing 2 Wars and creating a whole new Fed bureaucracy.
Steven H of WA Wrote: Jan 28, 2013 1:00 AM
All this may be true but through it all the debt to GDP ratio never went above about 68%, we are now over 100% and climbing faster than ever. As Greenspan said, WW2 wen higher but all we had to do was end the war. Now it is driven by entitlements. Hang on tight, it's going to be one hellava ride!
scJazz Wrote: Jan 27, 2013 6:02 PM
continuing... One of these Wars was thrown in Afghanistan. A country that the Mongols, USSR, China, Pakistan, British Empire, etc. couldn't subdue. Way to go on paying attention to 1500 years of History. The other in Iraq, a country that Reagan and Bush 1 actually gave a bunch of debt/deficit money to supporting and building the Army we would blow up not once but twice! WTF?!? Then we have Obama, he does suck I know that, but given the last 32 years of History... exactly what would imply that Republicans could (WANT) to do any better?

The only thing holding us back from the Abyss is the TEA Party! Insisting that small Fed government actually means, serious, no gimmicks, reductions in real annual spending!

January 27, 2013

“No,” said the Obama Administration.

The cold, curt, cruel answer no doubt stung the tens of thousands of Americans who had petitioned the White House to support their idea for a new and important job-creating federal program. But as far as President Barack Obama is concerned, the federal government shan’t build a Death Star.

So, why not? Paul Shawcross, a budget official, noted the prohibitive cost, estimated at $850,000,000,000,000,000. (I wonder how much the estimate cost.)

“We’re working hard to reduce the deficit, not expand it,”...

Related Tags: Debt