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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (955960)8/13/2016 4:53:51 PM
From: TimF  Read Replies (2) of 1574679
 
Tax cuts and wars can't account for "nearly half of the public debt". Tax cuts aren't spending to account for any debt at all. Even if they were they were to small. Add the wars cost and your still a much smaller fraction of federal spending then half (whether or not you count the tax cuts as spending).

So they can't even account for anywhere close to half the deficit, let alone half the accumilated debt. The debt properly belongs primarily to the biggest categories of spending, social and medical spending of all kinds, plus defense spending as a whole represent a very strong majority of all spending, esp. dropping interest spending (I ignore interest on the debt because its the result of other spending and that spending should be blamed.) Even if you drop defense spending you still have about 70 percent of spending even before dropping interest on the debt. That's the real source of the deficits and thus debt.
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