DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - U.S. Debt Tops $14.3 Trillion for First Time

**urbalatte** · 04-20-2011, 06:41 AM

Good point, the Teaparty bolstered Republicans held the government ransom and extracted huge cuts of nearly 1% of 1% of Spending.
Given the mood of the country, they may cut as much as 10% of 1% of Spending in the 2012 budget, over time this could reduce the deficit by as much as 50% of 1%.

Tis a shame we didn't have enough of those Tea Party people in office to be able to override an Obama Veto. We might have seen some actual cuts then.

This coupled with closing some of the loopholes that the greedy poor and elderly currently exploit, and we may even find enough room in the budget to cut taxes for the wealthy by a third, especially if it will only raise the deficit a small amount, if we assume massive economic growth reducing unemployment to 2%.

Well if we're going to get any economic growth, it won't be through continuing to increase our entitlement spending. It will be done by those evil rich you hate so much, but you'd starve to death without.

04-20-2011, 06:41 AM	#14
urbalatte Join Date Oct 2005 Posts 679 Senior Member	Good point, the Teaparty bolstered Republicans held the government ransom and extracted huge cuts of nearly 1% of 1% of Spending. Given the mood of the country, they may cut as much as 10% of 1% of Spending in the 2012 budget, over time this could reduce the deficit by as much as 50% of 1%. Tis a shame we didn't have enough of those Tea Party people in office to be able to override an Obama Veto. We might have seen some actual cuts then. This coupled with closing some of the loopholes that the greedy poor and elderly currently exploit, and we may even find enough room in the budget to cut taxes for the wealthy by a third, especially if it will only raise the deficit a small amount, if we assume massive economic growth reducing unemployment to 2%. Well if we're going to get any economic growth, it won't be through continuing to increase our entitlement spending. It will be done by those evil rich you hate so much, but you'd starve to death without.
	Quote