Little-Acorn
Well-Known Member
The biggest economic problem we are facing today, is that our National Debt is too big. More than $14 trillion... plus another $50+ trillion that we have committed to spend in the future, above and beyond any revenue, with no plans of where the additional money will come from (aka "unfunded mandates" like Social Security, Medicare etc.)
The only real solution, of course, is to start paying that enormous debt off. Simply paying the interest on it (to avoid default) will never make it go away. God help us if we get into a major war any time soon - our former creditors might tell us to go pound sand, our present financial situation may make it difficult or impossible to pay off any more, so they won't lend it to us when we need it. And there won't be any rich, idle country across the ocean to bail us out as England had when they ran out of money in WWII.
But I keep hearing that Republicans are "refusing to compromise" on any solution to the problem, and that's why no deal has been arrived at.
"Refusing to compromise"??? Republicans are compromising HUGE. They aren't insising on paying off even a penny of the debt. They are even not insisting on balancing the budget so we can stop INCREASING the debt, except as a far-off proposal for a Balanced Budget Amendment that won't be ratified for years (if at all), and won't go into effect for even more years after that.
On the contrary. It's the Democrats who are refusing to compromise. Any deal MUST include raising tax rates they insist, which will hold back the economy, scuttle any possible revenue increases, and make the situation even worse. And of course, they are demanding more and more borrowing, with no end in sight. Start paying off the debt? Hah.
The solution to the problem, is to start paying off the national debt. If we don't do that, the problem will remain, and remain, and remain, and never get any better. Anyone who thinks the Democrats will willingly do that, is dreaming. The only hope for any real solution, lies with the Republican party - a party still on strict probation after ten years of wild spending. Yet even the Republicans, though they have held fast on refusing any tax INCREASES, have compromised hugely on any actual solution to the problem: Starting to pay off the National Debt.
Don't hand me that tripe about Republicans "refusing to compromise". If they compromised any more, they'd be Democrats (as they were for the first 8 years of this century).
Republicans deserve credit for refusing to increase tax rates. But it's barely a first step in solving the most severe economic problem we face today: The gigantic (and increasing) National Debt.
Republicans are compromising HUGE, even as we speak. That might be necessary to get anything out of the Democrats... but it has to stop, pretty soon, once more Democrats are voted out of office in 2012. Our major problems won't even begin to be solved, until they do.
The Democrats certainly won't.
The only real solution, of course, is to start paying that enormous debt off. Simply paying the interest on it (to avoid default) will never make it go away. God help us if we get into a major war any time soon - our former creditors might tell us to go pound sand, our present financial situation may make it difficult or impossible to pay off any more, so they won't lend it to us when we need it. And there won't be any rich, idle country across the ocean to bail us out as England had when they ran out of money in WWII.
But I keep hearing that Republicans are "refusing to compromise" on any solution to the problem, and that's why no deal has been arrived at.
"Refusing to compromise"??? Republicans are compromising HUGE. They aren't insising on paying off even a penny of the debt. They are even not insisting on balancing the budget so we can stop INCREASING the debt, except as a far-off proposal for a Balanced Budget Amendment that won't be ratified for years (if at all), and won't go into effect for even more years after that.
On the contrary. It's the Democrats who are refusing to compromise. Any deal MUST include raising tax rates they insist, which will hold back the economy, scuttle any possible revenue increases, and make the situation even worse. And of course, they are demanding more and more borrowing, with no end in sight. Start paying off the debt? Hah.
The solution to the problem, is to start paying off the national debt. If we don't do that, the problem will remain, and remain, and remain, and never get any better. Anyone who thinks the Democrats will willingly do that, is dreaming. The only hope for any real solution, lies with the Republican party - a party still on strict probation after ten years of wild spending. Yet even the Republicans, though they have held fast on refusing any tax INCREASES, have compromised hugely on any actual solution to the problem: Starting to pay off the National Debt.
Don't hand me that tripe about Republicans "refusing to compromise". If they compromised any more, they'd be Democrats (as they were for the first 8 years of this century).
Republicans deserve credit for refusing to increase tax rates. But it's barely a first step in solving the most severe economic problem we face today: The gigantic (and increasing) National Debt.
Republicans are compromising HUGE, even as we speak. That might be necessary to get anything out of the Democrats... but it has to stop, pretty soon, once more Democrats are voted out of office in 2012. Our major problems won't even begin to be solved, until they do.
The Democrats certainly won't.
