To: Scumbria who wrote (79973 ) 4/25/1999 3:16:00 PM From: MARK C. Read Replies (2) | Respond to of 186894
Scumbria, Just wanted to be sure you read this so you know I am not one sided. This is dated material but it is obvious now that it was correct and most still is. This is my last post on the topic but if you think Clinton is the end all be all of economic policy you are living in a dream world. No offense intended. Peace MarkC. The debt increases because the U.S. Government spends more than it collects in taxes. This is called "deficit spending". We have such a large debt because the Congress has consistantly spent more than it has collected for the past 20 years! If we had a balanced budget TODAY, the debt would not continue to increase, but we would still have the current debt of over $5 Trillion. Then we have to start developing a budget "surplus" to begin to pay off the debt. We need to balance the budget RIGHT AWAY! Not in seven years. The Republican Congress has proposed a process to balance the budget in seven years, but President Clinton vetoed it. The problem with the Republican proposal is/was that in seven years the debt will have grown to over $7 Trillion. Clinton has recently proposed "his" plan to balance the budget in seven years, but his plan is "smoke and mirrors". It will never happen because he proposes to INCREASE Government spending for the next four years, while he "may" be in office, then he proposes VERY DRASTIC spending cuts in the last three years, after he (Clinton) is out of office. Clinton knows that these DRASTIC cuts would NEVER be approved! Therfore Clinton's plan is to "pretend" to balance the budget while actually increasing spending in the short term. "Slick Willie" is at it again! "Slick Willie's" plan will drive the debt up to over $9 Trillion. The Republican plan is to gradually "decrease" spending in all of the seven years, until we FINALLY spend what we collect (in taxes). Then we will have to consider how we will pay off a $7 Trillion, plus, debt. Why don't we balance the budget in four years, or in two years, or NOW? The answer is simple. The American people don't have the will! Many people still think that "government money" is different from "real money". Somehow "government money" is FREE MONEY. This is WRONG, WRONG, WRONG! We can have a balanced budget any time we are willing to SPEND LESS. The answer is simple, but not easy. There is a big difference between "simple" and "easy". When are we going to do the RIGHT THING and do the THING RIGHT? Let's start with getting rid of Clinton! We have NO CHANCE with him in office. Then we can put pressure on Congress to bring the debt under control even faster. I have never heard a good argument for continuing to increase the debt! If you think that you have a good reason, then PM me.