Musicmystery
Posts: 30259
Joined: 3/14/2005 Status: offline
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quote:
ORIGINAL: tj444 quote:
ORIGINAL: Musicmystery quote:
ok well to me, tax & borrow are the same since in the end its gonna be taxpayers that pay (one way or the other)... I also think the borrow and waste ship has sailed, given the debt already... The difference is....with the borrowing we have the debt. and the debt has been there for a very, very long time... its nothing new. They just keep adding more tax (to pay the increased interest on more debt) to increase the borrowing which increases the debt... when what they need to do is cut waste, cut favors to buddies and banks, etc, and actually act in the best interests of the country and make it solvent once again. Exactly wrong. The opposite is true. The massive debt is new, starting under Reagan, who quadrupled it, then after slowing with Clinton, taking off under Bush II and now Obama. But it's NOT from adding more taxes, but rather, from continually cutting taxes, which necessitates borrowing, which increases the debt. If your assertion were correct, we'd be paying it down. Your assertion that taxes cause interest is absurd. Did you expect that we'd cut our way to paying it down? You could eliminate ALL taxes, but that's STILL gonna leave the debt to be paid. How did you figure that would happen?
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