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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (88274)7/29/2010 7:31:23 PM
From: TimF   of 224750
 
The supposed surplus evaporated. The Social Security surplus was spent. Instead of being paid down, the $3.3 trillion national debt ballooned to $9 trillion.

Primarily because of increased spending, and because of the financial crisis and the recession. Had we kept spending constant (even in real per capita terms) than even with the recession we would be have a balanced budget now.

Perhaps there is some magical point at which Republicans might accept the reality that the government needs more revenue than it is currently set to take in

Hopefully such a "magical point" will never happen, since the reality is the government should get by with less revenue than it brings in now (of course with lower spending to go along with the reduced revenue)

"Not good," Pawlenty said. "I don't think the argument can be credibly made that the United States of America is undertaxed compared to our competitors." Actually, the United States is on the low end in terms of the overall tax burden

Our tax in terms of dollars per person is middle of the pack.

Besides the fact that other people make the mistake of over-taxing their citizens to a greater extent than we do, doesn't support the plan of us making the same mistake.
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