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@ Pelham1861:It's nice to think at a time of national bankruptcy that we can spend on items a few think are great...but that's not realistic is it?

Bankruptcy means you have spend more than you take in. Why is it that many politicians only look at the spending side, and refuse to look at the income side. Politicians like to make the (flawed) comparison of running the government budget like a family budget. Poor people, who spend more than they get in often take a second job to increase their income. Why do many politicians refuse to consider that option for the government?

Oh, and BTW, the deficit is composed half by the Bush tax cuts, another third by the wars in Afghanistan and Iraq. The last sixth stems from low tax intake due to the recession.

So, fixing the deficit should not be that hard.

by Jasper on Sep 7, 2011 12:55 pm • linkreport

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