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10-10-2015, 07:44 PM
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Quote:
Originally Posted by Guest
When are you going to stop with the wise ass comments? It is childish to say the least. I have said many times figures lie, and liars figure. The Washington Post, and Carney are both guilty of using numbers to support their argument.
Using total numbers, doesn't give the whole story. The devil is in the details. We have an aging population. More people are collecting social security, and Medicare. So, using total dollars doesn't take this into consideration. One year is not comparable to the previous years. There are other government mandated programs such as food stamps that have the same affect on the total cost of government. A fair evaluation of Obama would be programs that he started and the cost of these programs. Right or wrong?
What that article did not reference was the drop in government receipts due to the great recession. That has a lot to do with the rise in national debt during the Obama years. Less people working equals less taxes collected.
Why is the increase in national debt always a topic of discussion? There will always be an argument that leans to the party that you support. In our current state of politics, common sense is flushed down the toilet. The blame game has taken over.
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You ask....
"Why is the increase in national debt always a topic of discussion? "
"In the long run, a growing Federal debt is like driving with the emergency brake on, further slowing the U.S. economy. At any point, debt holders could demand larger interest payments to compensate for what they perceive as an increasing risk they won't be repaid. When this happens, the United States will have to pay exorbitant amounts just for the interest. To current interest payments, see Federal Spending.
Congress realizes it is facing a debt crisis. Over the next 20 years, the Social Security Trust Fund won't have enough to cover the retirement benefits promised to Baby Boomers. That means higher taxes, since the high U.S. debt rules out further loans from other countries. Unfortunately, it's most likely that these benefits will be curtailed, either to retirees younger than 70, or to those who are high income and therefore aren't as dependent on Social Security payments to fund their retirement. Article updated January 3, 2015"
US Debt and How It Affects the Economy
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