Not only should the US go over the fiscal cliff, spending should be cut with a chainsaw. People have no idea how bad the situation really is and what needs to happen to get a balanced budget. Either you take the bitter medicine now, or you get a much bigger problem in the future which could end up as a global disaster.
The short answer here is: you're making the wrong connections. More specifically logical errors and seeing the wrong causal relationships. I wish I could discuss this more thoroughly at this time (it's late here), but for now I will just say that things are not as simple as you perceive them. This isn't just about politics, it's about economics which most people simply don't understand. You can't just make these simplistic statements because you happen to like democrats more than republicans. You have to have a deep understanding of all the facts.Consider that Clinton fixed the problems created by 12 years of Reaganomics, got the US to budget surpluses for the first time in 50 years and did it with the tax rates that are set to return. So the tax rates are not the problem, US had solid GDP growth, record job growth, record budget surpluses for the eight years we had those tax rates.
Over last 30 years, Clintonomics worked, no deficits or debt. Reaganomics didn't work, record deficits and $14 in debt.
Go with what worked.
The short answer here is: you're making the wrong connections.
However it's my opinion the best option for republicans at this time is to just let democrats run things, stay out of it and let it burn so to speak.
Absolutely. Take yourself as an example. You are so poorly informed by Democrat spin doctors that you don't even realize if the government taxed everyone making above $250,000 at 100%, that they still couldn't balance the budget and pay the debt. Its not a matter of taxation. Its the need for fiscal restraint that neither party seems to be able to display. You want Dems in control of all of government? Hell, that will make it so much worse. Don't ever give either party full control ever.The American media's coverage of Politics is worse than in most countries.
I think the poor coverage contributes to a misinformed electorate.
Take yourself as an example. You are so poorly informed by Democrat spin doctors that you don't even realize if the government taxed everyone making above $250,000 at 100%, that they still couldn't balance the budget and pay the debt.
The US has defaulted before.Is it even possible to wipe every countries debts, thus, start from scratch? Or would that have even worse ramafications than the current mess we're all in? heh
The US has defaulted before.
Fred don't criticize my sources.Absolutely. Take yourself as an example. You are so poorly informed by Democrat spin doctors that you don't even realize if the government taxed everyone making above $250,000 at 100%, that they still couldn't balance the budget and pay the debt.
I'm for fiscal restraint and Corporations / Wealthy Americans paying their fair share.Its not a matter of taxation. Its the need for fiscal restraint
You want Dems in control of all of government? Hell, that will make it so much worse. Don't ever give either party full control ever.
Agreed.Not trying to pick a fight on this point. Just pointing out my reaction to this idea of US default having precedent.
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