crossarmant wrote:JCougar wrote:The debt has not been caused by out of control entitlement spending or big bureaucratic liberal government. It's been almost primarily the fault of bad, horrible, horrible policy and fiscal recklessness by the Bush Administration and the Republican congress that enabled him. The small part of the deficit that remains after accounting for that is a result of decreced tax receipts due to the poor economy, which is mostly a result of an economically libertarian attitude toward financial regulation. "Big-government socialism" has virtually nothing to do with it.
I find it humorous how people who rail against spending have no problem blowing tons and tons of dough on stuff they think is worthwhile... like spending more on our military than the rest of the world combined, tax cuts for those who really do not need them, etc. Yet when it comes time to trim the fat, we cut NASA funding, education, etc. Remember the surplus of Clinton.
The U.S. really is an empire, just like it predecessors, it'll fall and divide into separate nations and domains.
Really? When Clinton left office the Government spent just 18% of GDP.
To those who say entitlements aren't the problem, within 25 years entitlements alone will take up more than 15% of GDP.
To those who say Medicare Part D isn't an entitlement program, I can't help you.