There is a rational argument to be made that just reducing spending alone will not be enough to eliminate deficits and reduce our national debt. Getting rid of deficits and reducing the national debt is the only way back to economic health and somehow as a nation we need to figure out a solution to our apparently insatiable desire to go on perpetual national spending binges.
Perhaps if the nation had a group of individuals that actually had any real leadership qualities they would openly and honestly discuss the economic dangers we face. They would also tell the truth about what needs to be done, and then act in principled and ethical ways. H*ll, even independent conservatives who believe in limited government and taxation to fund the proper function of government could accept some increase in taxes to balance our books. The problem is that both Republicans and Democrats are drunk on power and spending money.
The information below is useful, and when understood should scare the h*ll out of all of us.
The following video helps further focus on the huge problem hanging like an albatross around our individual and national neck.
Isn't about time all Americans gets serious about our heroin like addiction to spending , and perhaps when we do think about increasing taxes when the economy can support it? Using additional tax revenue to PAY DOWN the deficits and the federal debt. Then reducing taxes again after we have regained fiscal sanity and placed limits on the governments ability to return to the fiscal insanity of the past?
Via: The Heritage Foundation