The extra cash that would be there if we could get a Congress and a President that worked together to control spending instead of adding too it. Before you start, it's not just this President or the last Congress. It goes back to FDR administration. The abuse of the federal governments powers goes back to the end of the civil war so this is not something new. It also has little to do with the war effort. It has much more to do with runaway entitlement spending that, unless we find a way to check it, is only going to get far worse in the next 30 years.
|Quoting Falcon84 (Reply 1):|
This President and his GOP bretheren in the Congress have spent us into oblivion.
As have virtually every other President and Congress going back over 50 years. Only a couple of budgets have been balanced in that time period and they weren't really balanced because they took money that was supposedly earmarked for Social Security. Neither of the two parties in power can claim they are any better than the other when it comes to balancing the national books.
The simple fact remains though, since the tax cuts went into place tax receipts have gotten higher every year. This does not preclude the fact that if there is an economic downturn that receipts will fall but should be an indicator that if you keep the money in the peoples
hands and let them
spend it, the government makes out much better than if they just take it away as soon as it's earned instead of letting it work.
Warm winds blowing, heating blue skies, and a road that goes forever. I'm going to Texas!