Im not into politics,but I know when somethings f***ed up Check this pic(This Link Aint The Sourc)The link is at the bottom of the picture http://www.d12world.com/board/showthread.php?t=240425
The thread had a updated one, from cbo.gov, but i can find it on the site [url=http://img372.imageshack.us/my.php?image=deficit7uy.jpg] [img=http://img372.imageshack.us/img372/3769/deficit7uy.th.jpg][/url]
The Bush Daddy and Minime did do a pretty good job at pilfering the nations coffers.. and W ain't done yet..
By having my tax dollars wasted paying for the interest is the primary reason. The interest on the budget is the third biggest expenditure that govt. has to pay. It is almost 15% of total amount govt. spends. Without that interest everyone could get a 15% tax break, or we could fund healthcare for everybody, pay for foreign wars etc. Furthermore it weakens the dollar for travel, making that more expensive. 15% of the govt total money could do a lot of good in this nation, even if it was just allowed to be kept in our pockets. It could develop roads, repair highways, buy more equipment for soldiers, develop alternative forms of energy, provide research for cures for cancer, diabetes, parkinson disease, brith defects, etc. As it is that money goes out and we get absolutely nothing in return for it. It is the biggest example of govt. waste I can imagine.
are you serious? do you think it's just a number? where would you rather have your tax dollars go? budget deficit? or healthcare and other services which everyone can actually benefit from.. and its not just a $300B deficit.. its a almost a $550B turn around since W stepped in..
OK I can think of a number of reasons why a budget deficit isn't ideal, but this point is pretty ridiculous. A weak dollar helps US exporters, which serves to reduce the trade deficit (which coincidentally was lowered in the report that came out a couple of weeks ago). The weak dollar has Europe upset because their exporters are suffering at the expense of American companies. I'm sure your jet-setting shopping weekends in Paris have become more expensive, but let's put things in perspective.
Who do they pay the interest to? Those are all other interesting questions, but none of them answer my question.
Oh, China, Japan, a whole slew of different countries, for starters. Some are our allies, some are our friends, and some wish we would go to the devil. Not a good situation to be in, really. Keep D&D Civil!!
ok so my answer is I'm affected because instead of my tax dollars going to universal health care or social security which I will be benefiting from, it will be used to pay the deficit.. so would you rather have your tax dollars be used to pay the deficit or something else more meaninigful like healthcare?
I think this has caused a pretty big rift among the traditional conservative "deficit hawks" and the tax cutting conservatives of today. There are plenty of legislators on Capital Hill that are lobbying hard for reducing the deficit.