posted on Jul, 28 2015 @ 11:55 PM
a reply to:
LDragonFire
Last time I checked the WH is still spending on wars like Niagara Falls. Be that as it may, blaming our debt on lower taxes from Nixon and Reagan is
well pretty typical of Democrat Party ideological thinking. Im not saying Republicans are blameless, Im just saying lower taxes are not the problem.
The problem is no matter how much taxes you raise, the government is going to spend more than it takes in. Unlimited government spending is the
problem, and the federal reserve central bank printing money devalues the dollar. It/s hidden tax hidden inflation. How many times do I have to say
it?
In fact Im quite surprised how many conspiracy theorists buy into the old argument that if you just raise taxes on the rich we can pay off our
debt....
edit on 28-7-2015 by ThirdEyeofHorus because: (no reason given)