Quote:
Originally Posted by killer_carlson
I get that once the war ramped down, the deficit is under a trillion, but it is still over a half trillion. That is annually.
This isnt a republican or democrat issue, so save the g.d. rhetoric. The question is whether anyone on either side has set out a plan to pay down their debt or even a timeline to end their deficit.
I take it the answer is no then.
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By letting the Bush tax cuts expire, which were an abject failure, the federal government now has more revenue. The Affordable Care Act should also decrease the amount of money the federal government pays for healthcare, and the burden bankruptcies place on the financial system. Financial regulation will help mitigate boom and bust cycles, student loan reform will help lighten the burden on new high income earners to spend more money in the economy on the horses that drive it, such as home ownership. Increasing funding to sciences and government lead research and development will continue to have beneficial effects on the consumer applications of new technologies. Tightening regulation on industry will help prevent catastrophic, economy disrupting events such as the most recent oil spill in the Gulf of Mexico. Increased funding for infrastructure for renewable energy sources will decrease reliance on foreign imports and domestic production in sensitive ecological areas, stabilizing the cost of energy and decreasing the expenditures necessary to keep foreign energy sources secure.
Guess who is trying to get those things done.