Quote:
Originally Posted by wdmso
Unfunded wars in Iraqi Afghanistan Syria and associated private contracts no bid contracts and ..miltary spending in general . tax cuts lower tax receipts haven't helped .. don't see foreign aid as a big issue in the grand scheme of things .. we'll always run a deficit and I feel its unrealistic to think you can run as balanced budget . But w ed should be able to cap the deficit. But there's no will form Congress it's all about re election
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Thank you for your balanced approach, covering ALL of the reasons for the overspending the past two decades. Your ability to cross the aisle on issues is noted ; )
We do cap the deficit, and then the government is going to shutdown unless there is an agreement to raise the cap, which only occurs after each side extracts it's pound of flesh and port.
You can (and should) run some deficit spending and it works short term but eventually you have to spend more and more money paying the interest or you default. Eventually the numbers run until you have to default.