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Your data has nothing to do with the debt argument

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Post# of 1903
Posted On: 09/29/2012 3:09:59 AM
Posted By: Kubi5
Re: Big Tuna #818
Your data has nothing to do with the debt argument u r trying to make.... its two completely different things. As for debt, it rose dramatically under Bush and stimulus was needed to spur demand to stop the -750k jobs a month being lost. Government spending as a share of GDP is as low as it has been, but tax revenue has declined dramatically, which has opened up the budget gap. To close the gap you need everyone working to pay the debts faster, hence the additional stimulus and jobs measures obama wanted. You keep crooning about debt...but if you CUT SPENDING you are putting people out of work and lowing tax revenue and business revenue and making more people dependant on government aid. Its jot the actual debt number we need to worry about but the debt to gdp ratio...and that gets WORSE when you cut spending because you prohibit GROWTH. We borrowed our asses off for world war two and it led to decades of shared prosperity. Then union busting began and the middle guy had no voice in slicing up the pie. Pressured from computers and machines replacing their jobs as well as flat wage growth for the last thirty years and we have a hollowed out middle class....for those business owners like me who understand economics. Served again.


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