State of The U.S. DEBT -- Answer This Question
User ID: 5758456
07/03/2012 03:13 AM
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Couple of points
* still paying for the Afgan war and still paying off the debt from the Iraq one.
* you don't get inflation. It aint running at 25% like you try to show, its not gone up more than 10%. Ask wendys why they are price gouging.
* US spends a lot of money. It therefore needs a lot of revenue. Bush gave massive tax cuts, so reducing revenue. Then all the sub-prime shit came and people couldn't spend their credit, so economy tanks. Spending on social costs go up, but those tax cut still in place.
Half the debt would be wiped out if the tax cut wasn't there.