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Trump reduces national debt by 12b his first month in office
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Quote:The thing is, liberals (not you) don't understand the problems that he has to deal with and is facing. Yes, maybe, but you're talking about all these indirect effects on the national debt, and it's a mirror image of what liberals say about it- the increased spending on education is good for the economy, and therefore raises tax revenues, which cuts the deficit, or that welfare spending has a multiplier effect, or that Obamacare is good for poor people, which is good for the economy, which indirectly cuts the debt, etc. Don't get caught up in all these "indirect" effects on the national debt, and how spending in one area indirectly reduces spending in another area, or indirectly raises tax revenues, etc. We've been hearing all those arguments for decades, where the point where I feel like I'm being conned. In fact, I know I'm being conned. Politicians have been telling us for years that we will make money by spending money, and yet here we are, still in the same mess. The only way to cut the national debt is to reduce the gap between spending and taxing. I believe the main drivers are entitlements, but however you do it, we have to do it. If the federal government actually gets to the point where it cannot pay the interest on what is now 20 billion dollars of outstanding debt, the world economy will collapse, millions and trillions of people will be unemployed and starving, wars will break out for precious resources, and people will look back on this era when we were worried about nuclear warfare, terrorism, illegal immigration, etc, with a great deal of fondness. The difference between US government bankruptcy and all these other problems is that this is a disaster of unprecedented proportions and it is actually coming. There isn't even any debate about it. It's like we have a cancer, and we know it, but we don't want to face up to it. |
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