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glatt · 11-07-2014, 08:15 PM

"We have the highest national debt ever."

You could have said that at any time in the last 30 years and that would have been true, and if we get a Republican president next term you will also be able to say that then too. The debt only grows.

Maybe you mean deficit, and not debt.

Two things impact the deficit. Revenues and spending. When the economy tanked (under Bush, if you are going to take the position that presidents are to blame) tax revenues went down and so the deficit increased. Obama initially pushed a stimulus package through, but then he stopped the spending increases. It's been 5-6 years that Obama has held spending down. It's the lack of huge tax revenues that is driving the deficit. And if you have been paying attention, the deficit is shrinking because the economy is slowly improving.

11-07-2014, 08:15 PM	#23
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	"We have the highest national debt ever." You could have said that at any time in the last 30 years and that would have been true, and if we get a Republican president next term you will also be able to say that then too. The debt only grows. Maybe you mean deficit, and not debt. Two things impact the deficit. Revenues and spending. When the economy tanked (under Bush, if you are going to take the position that presidents are to blame) tax revenues went down and so the deficit increased. Obama initially pushed a stimulus package through, but then he stopped the spending increases. It's been 5-6 years that Obama has held spending down. It's the lack of huge tax revenues that is driving the deficit. And if you have been paying attention, the deficit is shrinking because the economy is slowly improving.