1) Our Debt/Deficit has less to do with increased spending than with lowered revenues (30 years of tax cuts–largely on the wealthy, but exacerbated by the Bush Tax cuts) and the worst economic downturn since the Great Depression 2) The “increased spending” under Obama is the result of policies in place regardless of who the President is. Discretionary spending has actually risen the slowest under Obama. 3) While there is a general agreement that spending must be curtailed in certain areas, Democrats would like to see the Bush tax cuts on the top earners rolled back while Republicans disagree and see spending cuts (spending cuts that are far more significant than what Democrats offer) as the only option for paying down the deficit.
Posted on: Sun, 20 Oct 2013 12:41:21 +0000
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