Democrats say We should keep borrowing money and create more debt.
Republicans say We should keep borrowing money and create more debt.
Tea Party say Stop borrowing and stop spending.


Which group has the right answer?

Bullshit. Here's what really happens:

Democrats: Borrow, but raise taxes to pay off debt
Republicans: Borrow, lower taxes, pass costly entitlements, start huge costly wars
Teabaggers: Refuse to pay debts; refuse to borrow; OK with spending on costly entitlements; cut entitlement for "less deserving" groups to save cost

>> ^bobknight33:
Democrats say We should keep borrowing money and create more debt.
Republicans say We should keep borrowing money and create more debt.
Tea Party say Stop borrowing and stop spending.
Which group has the right answer?

Hey guys, could I borrow like 20 billion more dollars, I will totally get you back next fiscal year...thanks!

Get you head out of the sand. your so wrong its embarrassing.

>> ^longde:

Bullshit. Here's what really happens:
Democrats: Borrow, but raise taxes to pay off debt
Republicans: Borrow, lower taxes, pass costly entitlements, start huge costly wars
Teabaggers: Refuse to pay debts; refuse to borrow; OK with spending on costly entitlements; cut entitlement for "less deserving" groups to save cost
>> ^bobknight33:
Democrats say We should keep borrowing money and create more debt.
Republicans say We should keep borrowing money and create more debt.
Tea Party say Stop borrowing and stop spending.
Which group has the right answer?

boned

The problem is the data gives no perspective of over what period of time the unfunded obligations are. Not to belittle the problem of debt, because it is a long term problem, but this is a scare tactic.

As for which group is correct, bare in mind virtually every recession, if not all, ended with the US running deficits. Deficit spending is a key instrument in ending recessions because it allows an economic force to run counter to the business cycle that naturally occurs in the economy. Taking it away is like taking away all power tools from people trying to build a house. You could still build the house, but it may take you ten to twenty years, and the house will probably be crappy, too.

Even tea party supporters, by a nearly 2-to-1 margin, declared significant cuts to Social Security "unacceptable."

http://online.wsj.com/article/SB10001424052748704728004576176741120691736.html

Sixty-four percent [of Tea Party supporters] believe that the president has increased taxes for most Americans, despite the fact that the vast majority of Americans got a tax cut under the Obama administration. Thirty-four percent of the general public says the president has raised taxes on most Americans. (Not pertinent to this discussion, but hilarious regardless since Obama is apparently some socialist out to raise everyone's taxes.)

62 percent [of Tea Party supporters] say programs like Social Security and Medicare are worth the costs to taxpayers.

http://www.cbsnews.com/8301-503544_162-20002529-503544.html

So... they're big on balancing the budget, but don't want to cut these social programs, but think we have to cut spending. *scratching head*

We should just magically pay for them and balance the budget I guess by cutting spending on other programs that don't amount to a hill of beans.

And FYI, I don't mean to pick on Tea Partiers specifically. Most supporters of any political party or faction doesn't understand the federal budget, etc. They want everything without paying for it.

>> ^bobknight33:

Get you head out of the sand. your so wrong its embarrassing.
>> ^longde:
Bullshit. Here's what really happens:
Democrats: Borrow, but raise taxes to pay off debt
Republicans: Borrow, lower taxes, pass costly entitlements, start huge costly wars
Teabaggers: Refuse to pay debts; refuse to borrow; OK with spending on costly entitlements; cut entitlement for "less deserving" groups to save cost
>> ^bobknight33:
Democrats say We should keep borrowing money and create more debt.
Republicans say We should keep borrowing money and create more debt.
Tea Party say Stop borrowing and stop spending.
Which group has the right answer?

The chart is misleading. Big chuck of the so call debt is future obligation, yet it is stack up against one year worth of GDP. It's like saying someone took out a $300k 30 yr mortgage but since he only make $75k a year, his finance situation must be fucked. Even I can understand it's not true.