Well you could say the ENTIRE deficit is due to the fact that Dems didn't/couldn't raise taxes as much as they wanted.When the housing/economy bubble burst Dems wanted to just keep on spending like nothing had happened.
I think one can summarize the deficit mess by:Dems want gov to be >=25% of the economy but lack the political strength to raise taxes to this level.Reps want gov to be <=20% of the economy but lack the political strength to cut spending to this level.The result, massive deficits.
That's good comedy, charles. Thanx fer the LOLz at your expense.Best,D
Well you could say the ENTIRE deficit is due to the fact that Dems didn't/couldn't raise taxes as much as they wanted.
ReplyDeleteWhen the housing/economy bubble burst Dems wanted to just keep on spending like nothing had happened.
I think one can summarize the deficit mess by:
ReplyDeleteDems want gov to be >=25% of the economy but lack the political strength to raise taxes to this level.
Reps want gov to be <=20% of the economy but lack the political strength to cut spending to this level.
The result, massive deficits.
That's good comedy, charles. Thanx fer the LOLz at your expense.
ReplyDeleteBest,
D