Quote:
Originally Posted by starseed
I am not saying I am in favour of the scale of the bailouts, or the massive deficit Obama has run, but I think Obama will find a way once the recession is over, to start paying down the debt.
It is a blind assumption that may not come true, but we will see. I am not in favour of politicians who blindly cut taxes only to find that they are not willing to cut much fat from the government. There has to be a solid prudent plan instead of just throwing money at tax cuts and hope that the 'trickle down theory' will counterbalance the massive debtload that will be brought on the country.
The Liberals in this country had us on pace to eliminate the debt by the 2020s, the conservatives wiped away the surpluses even before the recession hit. I am a firm believer in eliminating our national debt during the good times. There is no excuse for the conservatives other than their faith in reaganomics which IMO has made a very negative impact on US society.
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You mean when he'll be trying to get re-elected? Yeah that's totally the time when Obama will cut the spending to pay off debt.