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View Diary: We don't have a Deficit Problem -- We have a Revenue Problem (232 comments)

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  •  This Needs Repeating, over and over and over (1+ / 0-)
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    I'm sick of the Republicans framing the debate over the budget deficits and the growing debt as an issue of too much spending. Any review of government income and expenditures for say 2006 through 2010 reveals the sharp drop in revenue coinciding with the collapsing economy and no significant rise in expenses. Go back even farther to the start of Dubya's administration and the contrast is even starker, with the sharp drop in revenues coinciding with the onset of the Bush tax cuts.

    Yet Obama and the Democrats have adopted the Republican framing, in effect ceding the debate to them, so what we're debating is how to cut expenses when the nation should be doing the very opposite. Local, state and national politicians are attacking the wrong problem, which will only prolong the agony and make it worse, long before we see real improvement.

    I'll leave it to others to determine if the Republicans actually know this and are cynically playing with fire in hopes of regaining the White House, or are just as ignorant as most Washington Democrats appear to be. In the meantime millions of Americans suffer while Washington and the states dither.

    •  Spending. (1+ / 0-)
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      Too much spending on defense. The defense budget is barely paid for by all the personal income taxes collected, leaving not much else for anything else. Cut defense first, then start talking about other spending. or

      by taonow on Wed Feb 16, 2011 at 03:50:08 PM PST

      [ Parent ]

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