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Originally Posted by onwebcam
I don;t have any secrets I'm paying attention and putting 2=2 together.. Spending money you don't have increases your debt. We've already done enough of that. The many bail outs we've already given out obviously didn't work because they are already coming back for more. We're essentially funding the entire US off of credit cards. Right now is an important time where we can either put an end to it or we continue on the same destructive path. We can go one of two ways and we'll here's where my predictions come in..
We keep borrowing and spending to get out of debt within a debt based system which will do nothing but make the doom and gloom scenarios come true. Or we can put an end to the madness once and for all and create a sound monetary system. Right now it's nothing but a control mechanism. Giving the government more control of more or less everything in our lives doesn;t sound like a good plan to me..
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You're only looking at it from one angle though. You see a plan for Obama to spend one trillion, and get upset. If you look back to Clinton's administration, he spent a fuck ton as well. However the national debt decreased and we had a federal surplus instead of a deficit.
I don't want to start a party debate here. However Republicans tend to spend money without revenue. Meaning the Federal budget is spent on things with no return value. This is what adds to the debt. They also tend to over spend, meaning they spend more than the Federal Budget provides. This adds to the deficit.
Democrats tent to spend money on things with return value. Meaning that money that is spent, create revenue for the people or country. Our debt goes down. By doing so, they can also create a larger federal budget that exceedss their spending. Meaning they're spending less money than their budget. This creates a surplus in the budget instead of a deficit.
Now I know after the last eight years, you see a politician spending an enormous amount of money and get upset. This spending is not the same as Bush's. These are short term boosts, and long term solutions to help the country. You also have to understand, while Obama is working on this "stimulus package" to spend money. At the same time he will be making a ton of cuts to other programs and their spending. Creating a balance for this trillion dollar stimulus package. This is not the same spend money that isn't there bullshit we have seen for the past eight years.
I hope this helps a little to open some peoples eyes a little. All this information is available if you simply search for it, and do so from credible sources.
