Talking point about Cut Spending / Reduce National Debt:
The ratio of the national debt to the gross domestic product

The ratio of the National debt to the GDP decreased steadily after WWII to about 30% in 1980. Lower taxes and higher spending raised the ratio to almost 75% by 2005. To put the debt into perspective, the U.S. owes between 3.5 and 4 times the revenues it generates through taxes (and that’s before the recent bailouts). Imagine how you would feel if you were in debt for 4 times your annual salary.

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opposed Spending not esactly the problem
by Angel · added Mon Dec 22 08:58:08 -0800 2008 1 discussion or Edit

Spending specifically isn’t the problem. The problem is the money that falls into the loopholes. Its money that doesn’t get put to good use but is being used friviously/without thought. We need to change alot so that things are more streemlined so that we aren’t paying companies like blackwater who overcharge for the services they provide or lack there of.

opposed Cutting spending now will cause the economy to tank
by Sunder · added Wed Dec 10 16:55:58 -0800 2008 1 discussion or Edit

Normally, the government should spend less than it takes in, but in a severe downturn, such as the one we are experiencing, government needs to borrow and spend in order to replace the lost demand in the economy. Otherwise, there can be a vicious cycle of layoffs and deflation, and the country may experience a depression.

Source: http://www.nytimes.com/2008/11/30/business/economy/30view.html
4 undeclareds found this helpful, 2 didn't.
How to Reduce?
Supporting Reduce Defense spending
by Paco · added Fri Nov 28 12:52:24 -0800 2008 1 discussion or Edit

I would support a more clearly defined plan for cutting spending. We need to do so, but a vague statement without saying what would be cut is meaningless.

The only way to significantly reduce spending is to cut the military. We spend more on our military than the rest of the world combined, with little benefit to us.

Source: http://en.wikipedia.org/wiki/List_of_countries_by_military_expendit...
1 undeclared found this helpful.

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volkris marked The ratio of the national debt to the gross domestic product helpful Thu May 21 00:10:20 -0700 2009 Comment
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