Drolefille |
02-23-2008 10:44 PM |
Quote:
Originally Posted by KSig RC
(Post 1606363)
This doesn't make any sense - if you balance the budget, you are indeed "addressing the national debt" because the surplus can go toward recouping debt. I don't see how these can be severed.
Obviously there are dozens of factors at work, such as trade/inflationary benefits to staying a debtor, the dangers of China pegging its currency to the dollar, whatever - but that doesn't change the fundamental nature of math. Having a surplus -> lowering debt.
I have no idea why you're being so dismissive here - budget concerns seem perfectly valid, given the litany of new programs on both the Obama and Clinton platforms and the state of the economy.
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I'm talking the difficulty both politically and economically of juggling a struggling economy (which was the part where "it wasn't meant to" was aimed), the needs of those below the poverty line, the needs of the middle class that, even if they're not buying everything on credit, is struggling to make it from paycheck to paycheck, and the wants of those who don't "need" anything anymore.
Any budget surplus we might have from actually balancing the budget will not make a dent in the national debt. The budget surpluses of the past have been saved for other things, not spent on paying down our principal.
Budget concerns are completely valid, and if the plans that any of the candidates, including McCain since he's not really appearing to be a fiscal conservative, are completely impossible based on the money, they won't happen. That will sort itself out and either party is likely to put us in greater debt, not less. As complex as the government is, it takes an economist who's studied it for a length of time to actually address whether things will save or cost money in the long run. I could posit that a national health care system, one that focuses on prevention, will actually save money in the long run due to the lack of the uninsured coming in to the ER instead of a doctor's office. But I don't know that one way or the other so I'm not really going to guess.
To balance the budget we could tax everyone more, but most people do not want that. Even though that's the very simple answer.
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