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Spending Cuts and Tax Cuts Should Be an All-of-the-Above Option, Not an Either-Or Choice

wardmd Wrote: Sep 02, 2012 12:56 PM
Unfortunately, do to the amount of DEBT the government has amassed, we DO still need increased REVENUE - in order to PAY BACK the staggeringly large amount of (reckless) overspending past congresses have done! The FIRST STEP is to STOP accumulating MORE DEBT. Coupled WITH THAT, is the need to not just take in the revenue necessary to blanace the budget, but to BEGIN the arduous process of PAYING OFF the debt we owe! You're NOT going to pay OFF the debt by JUST spending less!
Kibitzer Wrote: Sep 02, 2012 2:56 PM
The really big problem in trying to pay off the debt is the mountainous unfunded liabilities that have yet to come due. Those liabilities may well doom us to becoming Greece on steroids.

I’m in Slovenia where I just finished indoctrinating educating a bunch of students on the importance of Mitchell’s Golden Rule as a means of restraining the burden of government spending.

And I emphasized that the fiscal problem in Europe is the size of government, not the fact that nations are having a hard time borrowing money. As explained in this video, spending is the disease and deficits are one of the symptoms.

This is also an issue in the United States,...

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