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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#28

(01-30-2019, 05:28 PM)B2hibry Wrote:
(01-30-2019, 04:43 PM)TheO-LineMatters Wrote: Not when you're in a massive hole of debt. You can't spend money you don't have. It's time to stop spending and assess the entire budget. Some things are gonna have to get cut or else this country is gonna get repossessed by the Chinese.
Our whole monetary system is based on spending money we don’t have! Stop believing everything you hear by the chicken littles. China holds a very small portion of our overall debt. Heck, Japan holds more of our debt than China. Most debt is some form of securities, not foreign. Ultimately, I do agree the spending needs to slow but that is not how a Dem controlled House works or our goverment in general unfortunately.

You do realize the Republicans controlled the House up until the very recent midterms? Blaming it on the Democrats isn't gonna fly this time. This most recent round of "out of control spending" occurred with the Republicans controlling the House, the Senate and the White House. We had a surplus of money when Bill Clinton left office and every president since then, has been spending like crazy. It has to stop. 

Here is the article stating when we last had a balanced budget. 
https://www.factcheck.org/2008/02/the-bu...r-clinton/

On top of that, in 2016 we spent more on military funding,, than the next 8 countries combined. That is crazy! We need to take a serious look at cutting back on spending, particularly in these areas. I'm not talking about anything that puts soldiers in danger or effects their pay. I'm talking about completely wasted money for things we don't need or completely overspend on, due to certain military contracts which were given out in pretty shady ways. I truly believe we could cut the military budget significantly and still be the most funded and powerful military in the world and military personnel themselves, would not even notice a difference. As long as we have corrupt lobbyist and politicians connected to military contractors though, this will never happen.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TheO-LineMatters - 01-31-2019, 01:06 AM



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