No more government - boo hoo!

[classicman]

Originally Posted by Fair&Balanced

Thanks.

It wasn't meant as a detailed analysis of anything. It does show how 40% of our income is borrowed for nothing other than to cover the deficit. THAT cannot continue.

I was also surprised to see that we are paying so much less on the debt. I surmise that is because of a combination of we have less to put towards it & it has grown so much larger.

[Fair&Balanced]

Originally Posted by classicman

It wasn't meant as a detailed analysis of anything. It does show how 40% of our income is borrowed for nothing other than to cover the deficit. THAT cannot continue.

I agree.

The issue is how we address it.

Either through spending cuts only or a combination of spending cuts and revenue (tax) increases.

IMO, the spending cuts only approach proposed by the Republicans disproportionately impact the middle class and working poor. A fairer approach would be a combination of spending cuts and revenue increases that spread the impact across every income bracket.

And the argument that tax increases on the top 1% and/or corporations will kill jobs and hurt the recovery cannot be supported by facts. There is no evidence that trickle down economics works.