Quote:
Originally Posted by Got Stripers
The Congressional Budget Office reported in June that government debt will amount to 78 percent of the U.S.’s gross domestic product by the end of 2018, and based on current growth rates, the country’s debt will nearly equal the size of its economy by 2028, according to The Washington Post.
Can’t cut taxes and not match it with larger spending cuts, if we all balanced our personal budgets this way, how many would be filing bankruptcy soon after we can’t find another Peter to borrow from to pay Paul.
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That is so obvious . . . so why hasn't that truism not caught on since Calvin Coolidge. Remember, it isn't the deficit that determines whether an administration is being held to the fiscal idea that you propose. The national debt is the final determining factor. Money is constantly being "spent" on paying the debt. That is no less a means of "spending" than money spent on "programs."