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Updated over 15 years ago on . Most recent reply

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J Scott
  • Investor
  • Sarasota, FL
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Fiscal Conservatism?

J Scott
  • Investor
  • Sarasota, FL
ModeratorPosted

I'm all for fiscal conservatism (I really am), but those in power who have claimed to be fiscally conservative appear to either be lying or not very competent:

http://zfacts.com/metaPage/lib/National-Debt-GDP-L.gif

Oh, and I'm not sure how this relates (okay, maybe I am), but thought this provided an interesting correlation:

http://mytaxcut.us/images/historicaltaxrates.gif

Enjoy!

Most Popular Reply

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Karen Parker
  • Real Estate Investor
  • Tampa, FL
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Karen Parker
  • Real Estate Investor
  • Tampa, FL
Replied

J Scott,

You know I don't agree with your cause and affect relationships of the above administrations with maybe the "Then W came along and decided, "Who gives a f*** ". I feel the majority of the problem we see right now is due to policies enacted by the Clinton administration that carried over into the Bush administration who did nothing to curtail it. But then that all goes back to something I said under your religious thread, it all depends on what school of thought you subscribe to and what part of the media BS you want to believe and what you dismiss. Overall, my thoughts on the increasing deficit over time, is essentially the function of population and its dependence on government along with the misappropriation of funds. For example, the social security system might have been fine if it had been set up in individual accounts and uncle Samantha's fingers had stayed out of it but it became the pot of gold from which all toys came from. In addition, as our population has grown, both from within and as a result of immigration, we have more people dependent upon it., Add to this our idiocy of loaning money to foreign countries that we will never see again, funding the UN to assist in removing our Constitutional Rights and on and on and after a while, you have more outgo than income. Its simple economics. Most individuals don't have a printing press so they can keep on going like the government does.

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