It isn't the federal budget that got us so far into debt. It's the insane cost of health care, the Iraq war, the Wall Street bail-out, and the Wall Street con-game that crashed the economy. The only reason the media and the politicians are all blaming it on the federal budget, and especially on "entitlements", is because they don't want us to place the blame where it really belongs: on the who have pocketed all those billions and billions of dollars.
Either you're not making sense or I'm not understanding you. What on earth do you mean by saying that the federal budget didn't get us into debt? The way that you get into debt is by spending more money than you have.
Were these expenditures that you listed included in the federal budget or not?
If they were, then, as a matter of fact, the federal budget, along with the corresponding inequality of revenue to expenditures, is precisely what got us into debt!
We shouldn't cut spending at all. We should spend better, and smarter.
Let's go back to my analogy. Suppose that I am a homeowner with a family. I can't afford all of my bills. I put the excess on my credit card. I've racked up a massive credit card debt, and I'm shelling out 7% of my budget on interest payments alone (not even making payments on the principle, mind you; we're just talking about interest). Would it really make sense for me to say: "We shouldn't cut spending at all! We should spending better, and smarter"?
Depending on what my expenditures are, maybe. I don't want to rule it out. But I think that it would still miss the point. The problem is that I'm spending money that I don't have, and, because of this, I'm having to pay a lot more money (that I still don't have!) on interest payments.
Any reasonable person immediately would realize: "Huh. I'd better 1. stop spending money that I don't have and 2. get to paying off this massive debt ASAP! I don't want to pay 7% of my budget on interest payments. That's just ridiculous."
Maybe I'm racking up this debt because I spend $1000 on clothes every month, but can only afford to pay $200, and I actually need much less than that. If that's the problem, I should seriously cut my clothing costs. For example, only spend $50 (or less) on clothes every month, and devote (at least) the extra $150 (which otherwise could have gone to clothes) to paying off my debt instead.
But maybe the problem is that I'm not getting paid enough, even though all of my expenditures are entirely reasonable. Then I need to find a way to make more money.
What does not make sense is to use one credit card to pay the interest on the other one. lain:
There are a lot of reasons.
It's primarily this one: People tend to hate congress in general. But do you know what? They love their own guy. That's why he keeps getting elected. They hate congress. They love their own congressmen.
And that's one of the reasons why our republic (and democratic systems in general) is so screwed up.
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