theman wrote:Captain_Caveman wrote:
#1, your non answer demonstrates that you clearly supported the Iraq War. So there's your 10% right there. Are you clear on that?
In the bigger picture, you are dealing from an economic ideology that has been discredited 1,000 times over. Nothing to do with politics, mind you. But saying that tax cuts don't run up the debt is economic illiteracy, pure and simple. That's like saying a paycut doesn't reduce your household income.
Speaking as someone who is not getting a stimulus check despite having two children, feel free to take back my tax cut. But let's take it a step further and restore tax rates across the board to what they were from the end of WW2 until the early 2000s. More to the point, you absolutely do widespread stimulus from where we are right now. It is literally the only hope to keep the global economy afloat right now. Anything else is all but sure to lose you a lot of money.
You can read an answer any way you want. Whether for it or against it it could have been fought a lot cheaper.
If you never borrow you will have not debt. That is where debt comes from whether you are a government or an individual. If you are making $50,000/year and then get a pay cut to $40,000/year you do not go into debt unless you over spend your means.
Let's also move spending back to where it was following WW2 (after Truman cut the budget in half, despite being told doing so would hurt the economy).
I'll read it as you supporting the war but not wanting to admit to it now.
On debt, I think most people understand the equation here. Budgets are a matter of revenue and spending together, not one or the other. All debt/spending not bad, either. You ever take out a mortgage? If so, it was probably because (99% chance) you were investing above your "means", or (1% chance) you knew that could use the same money to outperform a low-interest loan. Either way, you took on debt as a means to invest. That's something smart people do with their wealth.
As to Truman cutting the budget, lemme see... jogging my memory here... I wonder if that was because a super-expensive World War had just ended. Something else that happened in that same era (FDR to Eisenhower) was a massive investment in our people. GI Bill, education, infrastructure, subsidies to major industries. It created a robust economy and robust middle class, and the highest standard of living anyone had ever had to that point. That's something smart nations do with their wealth.
And not, like... spend it away on needless wars fought under false pretenses, or by giving tax cuts to the ultrawealthy or corporations.
