Originally Posted by tonton
I don't think that's entirely true, unless you were making the Frankenstien of contradictions.
Nope. The real issue is entitlements. Entitlement growth already has the the U.S. bankrupt by any standards a corporation would need to use. In the future the growth entitlements is expected to exceed world GDP when boomers are retired.
We are spending about 4-5% of GDP on defense which is near historic lows. If you want to comb through the PDF
you will see (starting about 50 pages in) the tables for the last 50 years or so.
The growth has been in entitlements and standing against that is not a contradiction then nor now. It was correct to condemn Bush for his prescription drug benefit and it is correct to do so for the spending that is increasing under Obama.
Where were you saying, "We aren't spending enough," you ask?
I seem to recall you, again and again, criticizing, chastising, ridiculing Democrats for refusing to pay for costs associated with the Iraq war. True or not true?
If you go to war, you provide what is needed. In most other instances where we have gone to war, we spend literally double to triple MINIMUM what we are spending now. Military spending at 10+% of GDP was not at all uncommon during the cold war.
We have cut our military to the bone and keep letting entitlements grow. Some earlier post on here noted military spending was increasing 4% this year. Think about how that will barely stay ahead of inflation WHILE FIGHTING TWO WARS and meanwhile all the other areas of government were noted to be growing at rates much higher than 4% and also higher than the rate of inflation.
Again, I seem to recall you championing the tax rebates and tax cuts for the rich, and even pushing for more. True, or not true?
What on Earth do you think Bush spent so much money on? Two things. Tax cuts. Iraq. Do the logic.
I am capable of the logic. The tables show that regardless of rates, we have a spending problem. This has been true regardless of Obama or Bush or rates for half a century. As I noted in another thread, we are in a pretty pathetic state. We basically get to choose between Obama who will create ten trillion more in debt or Republicans who will create seven trillion more while getting press coverage about how ketchup is a vegetable and how they are pushing old people off cliffs or into ovens.
Both results suck and the only argument is to the degree of suckiness.
Republicans chastizing Clinton for a massive $40 B
illion dollar bailout of Mexico. Those days are long gone.