Apjak wrote:Crysknife wrote:It's a stupid vote and a ploy. Republivans know it won't pass and they don't want it to pass. Let's not forget who started deficit spending. Republicans have never been about fiscal responsability. But now they can point to the American people and say see, look at those democrats. They are the bad ones! Why do you think cutting govt. In half will be good for the economy right now? There is plenty of money in this country. It's just being boarded and not getting to where it should. But that's trickle down economics for you.It all started with $75 million in loans made to the new United States of America during the Revolutionary War, and thus began the first American budget deficit. We managed to pay it back rather quickly and enjoyed several years of budget surpluses but the War of 1812 forced borrowing and once again we were back in debt—big wars tied to big deficits would be a recurring theme over the next 200 years. There’s a lot of blame thrown around these days, as Congressional leaders and President Obama struggle to reach a deal on raising the debt ceiling, to enable more borrowing, and chip away at a annual budget deficit that is over $14.5 trillion. But the tough truth is that deficits and debt are bipartisan phenomena to which almost every president, no matter their party or ideological affiliation, has contributed. The Civil War pushed the national debt into the unheard of $3 billion range; after World War I public debt was up to $25.5 billion; the New Deal and World War II resulted in one of the first sizable explosions in debt, up to $260 billion by 1950. Throw in LBJ’s Grand Society, the Vietnam War, the defense build up against the Soviet Union, wars in Iraq and Afghanistan, sweeping tax cuts and a brutal recession, and we find ourselves mired in this current mess.
So break out the calculators and the history books as we trace the growth of American debt, which has its roots in the very birth of the country. As Obama and Boehner, Democrats and Republicans level blame at each other for getting us into deep deficits and not doing enough to get us out, the truth is there’s 235 years worth of blame to pass around to everyone.
and for the hoarding fallacy... First:
Where are they hoarding it, in mattresses? No, they keep it in in Banks and other investments, who are loaning it, to make money.
Hey, where was that video when the Republicans were starting two wars, and passing huge drug programs? Oh, Bush was handed a surplus so we could start to pay down the debt....a surplus! Bush said it was irresposible to have a surplus so he handed it to the rich. We all know that it will take cuts and tax increases to get us out of the mess. There is only one side willing to do both.