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Its such an EASY question... look at what the biggest growth in spending is located and you will find the problem... nobody is doing anything about it and nobody wants the blame to be put on them... ironic isn't it... its not my fault that SS/Medicare is busting our butts... who made it? who doesn't want to change it... ironically the answer to both those questions... are liberal politicians... why? They like to scare you into voting for them... so things go unchanged... so then who is really the problem? Better not ask a liberal...
Years of military spending beyond a reasonable level, going all the way back to 1951.
Watch Ike's farewell address about the Military Industrial Complex.
Answers most of the questions about the economy. Also see President Reagans Emergency medical care act of 1986. Made hospitals care for everyone with no hope of compensation. Hospitals charged insurance patients more money to make up for the loss, causing more people to drop off and insurance rates to rise.
Those two things made our deficit. Both of which could be rectified quickly.
We have a huge debt because we issued a bunch of treasury notes, bonds and bills in order to finance the amount of federal expenditures over tax revenues in a given year. That's why.
I think that goes under prosecuting two wars, cutting revenue when the revenue base is in a downturn.
Something that you resolutely ignore or obfuscate is that the nearly 60% of the Federal budget is comprised mandatory spending obligations. When you have bills to pay it is the height of stupidity to reduce your income when your debt obligations are rising.
I wanted to vote on this one but you failed to have the choice I could vote for. Of course, that would be too much spending without money to pay for it. Really I didn't think that would be a choice on a left leaning poll.
We have a huge debt because we issued a bunch of treasury notes, bonds and bills in order to finance the amount of federal expenditures over tax revenues in a given year. That's why.
Simple and to the point, +1 for ya...
This poll shows how much people have been brainwashed by our government into believing one party is the cause of government spending....
Simply put, outrageous and unneeded spending (bloated military,corporate handouts) combined with too low of a number of funds coming in (mainly from the tax cuts for the rich) leads to financial disaster which we are experiencing.
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