Debt Ceiling issue
When you max out your credit card, raising the limit isn't going to help you one bit. you HAVE to cut spending.
When you are already spending more than you can afford, begging your boss for a raise isn't going to help one bit. You HAVE to cut spending.
It's that simple. Really.
On spending: we are currently spending 24% of the GDP (25% if you include some additional spending proposed by the Obama Administration). That is simply not sustainable. In all of history, nations have only been able to sustain spending at around 19% of their GDP. Attempt to increase that, and you go bankrupt.
Then there is the paradox of trying to increase revenues by increasing the amount being taxed... The more money you take in taxes, the fewer jobs you will have, resulting in a DECREASE in revenues. Tax cuts, on the other hand, have ALWAYS proven to create new jobs and increase revenues.
Obama is not just a rookie president, unqualified to run anything (much less the entire U.S. Executive branch), he's a fucking idiot, about to completely destroy our country's economy because he won't budge on this issue of NOT RAISING TAXES.
When you are already spending more than you can afford, begging your boss for a raise isn't going to help one bit. You HAVE to cut spending.
It's that simple. Really.
On spending: we are currently spending 24% of the GDP (25% if you include some additional spending proposed by the Obama Administration). That is simply not sustainable. In all of history, nations have only been able to sustain spending at around 19% of their GDP. Attempt to increase that, and you go bankrupt.
Then there is the paradox of trying to increase revenues by increasing the amount being taxed... The more money you take in taxes, the fewer jobs you will have, resulting in a DECREASE in revenues. Tax cuts, on the other hand, have ALWAYS proven to create new jobs and increase revenues.
Obama is not just a rookie president, unqualified to run anything (much less the entire U.S. Executive branch), he's a fucking idiot, about to completely destroy our country's economy because he won't budge on this issue of NOT RAISING TAXES.