Monday, February 11, 2013

We have a REVENUE PROBLEM folks!!!! We are at lows in spending.


Mr. Boehner needs to refresh his memory. During the first decade of his time in Congress, the U.S. government was doing just fine on the fiscal front. In particular, the ratio of federal debt to G.D.P. was a third lower when Bill Clinton left office than it was when he came in. It was only when George W. Bush arrived and squandered the Clinton surplus on tax cuts and unfunded wars that the budget outlook began deteriorating again.

But that's a secondary issue. The key point is this: While it’s true that we will eventually need some combination of revenue increases and spending cuts to rein in the growth of U.S. government debt, now is very much not the time to act. Given the state we're in, it would be irresponsible and destructive not to kick that can down the road. 

**I would like to say that even Ronald Reagan, mr tax cutter, saw we were bleeding money during his time and he approved 12 different tax hikes to keep from his budget getting worse and worse.  When you need money, you find it. My car screwed up and I got it fixed - I scrambled to get the money but I did.  We need to get people to work and fix our roads,  bridges, electric grid and schools too - it is time to spend money and get people working.

**Public Projects are cheap now:  So many builders are out of work the bids are coming in low.  Our town just had a school remodeled and it cost much less than planned because of low bids.


http://www.the-reaction.blogspot.ca/2013/02/there-is-no-fucking-spending-problem.html

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