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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (528375)11/16/2009 12:35:17 PM
From: RetiredNow5 Recommendations  Read Replies (3) of 1574005
 
I am all about fiscal discipline. I don't like these deficits any better than you do. However, I'm practical. I want to know what is causing the deficits and how do we reduce them.

The root causes of these massive deficits are as follows:
* two Bush tax cuts (permanent deficits)
* Bush Medicare Prescription Drug plan (permanent deficits)
* Federally funded Health Care expenses (permanent deficits)
* two Bush wars costing in excess of $1 trillion (temporary/discretionary)
* economic collapse stemming from credit markets (temporary)
* Obama economic stimulus (temporary/discretionary)

So the bottom line is if you want to eliminate these deficits, we need to reform Health Care to drive a more competitive free market that will drive costs down, end the wars in Iraq and Afghanistan, and increase taxes back to the way they were under Clinton.

Obama already addressed the economic collapse with his economic stimulus, which will continue to work in conjunction with the Fed's actions to drive tax revenues up as the economy recovers.

The permanent structural deficits need to be addressed by new Congressional legislation. So the question is whether you really believe in fiscal discipline enough to do something about it. Or are you like the current GOP, which would rather see Obama fail rather than to work with the Dems on solutions to this country's problems.
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