Which candidate will increase the debt more?

[Sims2789]

I think McCain will because he'll make Bush's tax cuts permanent without cutting the war so we'll be driven into further debt. While Obama will give most Americans a tax cut, he'll also end the war and end the tax cuts for the wealthy so we'll have a smaller government to spend money on and more money to spend.

 

[MobBoss]

With all the social programs, Obama will most assuredly increase the budget a huge amount more than McCain will.

You have seen their projected budgets, correct? McCains is a sliver compared to Obama's monstrosity.

Anyway, Sims, you are so saturated with Obama-ade, I highly doubt you are able to discuss this in any rational or sensible manner.

 

[GenMarshall]

McLame would most certanly run the Debt even more than Bush.

 

[Sims2789]

With all the social programs, Obama will most assuredly increase the budget a huge amount more than McCain will.

You have seen their projected budgets, correct? McCains is a sliver compared to Obama's monstrosity.

Anyway, Sims, you are so saturated with Obama-ade, I highly doubt you are able to discuss this in any rational or sensible manner.

Obama's social programs are probably more expensive than the war, but remember MobBoss that he also wants to end the tax cuts for the wealthy so we'll also have more revenue.

 

[Civfan333]

yeah, especially he wants to add things to what bush already did

 

[MobBoss]

Obama's social programs are probably more expensive than the war, but remember MobBoss that he also wants to end the tax cuts for the wealthy so we'll also have more revenue.

The wealthy already pay more in taxes than the vast majority of us. What has increase our revenue in the last 8 years is that the ranks of the wealthy have expanded, due to things like tax cuts and incentives.

By expanding the numbers of the wealthy, you generate more taxable income, not less. Taxing the productive even more will simply tax productivity - ulimately resulting in less tax revenue.

McLame would most certanly run the Debt even more than Bush.

Have you even seen their projected budgets? Hell no. Try actually looking at some facts for once instead of the same old kneejerk commentary.

 

[emzie]

Neither is going to make the sacrifices needed to lower the debt. As long as it's still going up, it's not a difference that I care much about.

The wealthy already pay more in taxes than the vast majority of us.

This is true, but that's no reason to keep the tax cuts.

 

[MobBoss]

This is true, but that's no reason to keep the tax cuts.

How about this one: In the face of the worsening economy, does it make sense to increase the tax burden upon the citizenry?

I dont think so.

 

[MadScotsMan]

Obama's social programs are probably more expensive than the war, but remember MobBoss that he also wants to end the tax cuts for the wealthy so we'll also have more revenue.

It'll take you a life time to pay the amont of taxes payed in one year by Donald Trump Then there are those of us who still don't make enough money to get taxed, which I think you fall under.

 

[emzie]

How about this one: In the face of the worsening economy, does it make sense to increase the tax burden upon the citizenry?

I dont think so.

Absolutely not.

I'm no economist, but I'd let the tax cuts expire when the economy isn't looking downward.

 

[GenMarshall]

Have you even seen their projected budgets? Hell no. Try actually looking at some facts for once instead of the same old kneejerk commentary.

What makes you think that their projected budgets wold increase the debt more.

FYI, I have seen their projected budgets.

 

[Sims2789]

What makes you think that their projected budgets wold increase the debt more.

FYI, I have seen their projected budgets.

What was Bush's projected budget? I'm sure McCain doesn't include the costs of any future wars he might quagmire us into either, nor his unforeseen tax breaks to key contributors and outsourcers.

 

[general_kill]

Don't tax the rich, they worked hard to get there. Besides, the real people you want to tax are the super rich who hide their money from tax. Rich people are simply people who worked hard, got into good schools through hard work, and are reaping the fruits of their labor. Leave them alone.

 

[zxcvbnm]

Ending the war and cutting off the complex would make any more debt unnecessary. Sadly, nobody is going to do #2

 

[MobBoss]

What makes you think that their projected budgets wold increase the debt more.

FYI, I have seen their projected budgets.

If you had you wouldnt ask the question you do here. Obama's is lilke 200x McCains.

What was Bush's projected budget? I'm sure McCain doesn't include the costs of any future wars he might quagmire us into either, nor his unforeseen tax breaks to key contributors and outsourcers.

Obama faces the same bud. Just because he is a democrat doesnt mean he might not face a war also. Remember, Clinton had his wars too.

 

[amadeus]

Absolutely not.

I'm no economist, but I'd let the tax cuts expire when the economy isn't looking downward.

You mean you'd raise taxes.

 

[MilesGregarius]

For all their talk of "small government" and "fiscal responsibility" the last three Republican administrations (Reagan, Bush Superior, Bush Inferior) have each worsened the Federal deficit (as percent of GDP) while the last two Democratic ones (Carter and Clinton) have decreased it. That said, I have no opinion on McClain or Obama/Clinton Femme.

 

[amadeus]

Obama's social programs are probably more expensive than the war, but remember MobBoss that he also wants to end the tax cuts for the wealthy so we'll also have more revenue.

That's not necessarily so; are you familiar with the Laffer curve?

 

[MobBoss]

For all their talk of "small government" and "fiscal responsibility" the last three Republican administrations (Reagan, Bush Superior, Bush Inferior) have each worsened the Federal deficit (as percent of GDP) while the last two Democratic ones (Carter and Clinton) have decreased it. That said, I have no opinion on McClain or Obama/Clinton Femme.

Couple of thoughts.

Balancing the budget doesnt mean the budget was decreased. It means it was balanced vs projected tax revenue in order to not create a deficit. Historically, pretty much every President in the last 50 years has increased the budget each year. Carter still operated in a dificit, but the government created a surplus for the last 4 years of the Clinton Administration. The budget was still increased, but kept in check enough to create a surplus.

Clinton gets far too much credit for 'balancing the budget'. While it did happen while he was in office, lets not forget that it was also the creation of the Newt Gingrich republican congress and in fact a republican congressional campaign promise to do exactly that.

 

[JollyRoger]

Going by the historical evidence over the last 30 years or so, I would say McCain increases the deficit more than Obama. You can trust budget projections coming from the Double Talk Express about as much as you could have trusted Bush on projected record surplusses (when reality ended up record deficits).