People across the country complain about government spending. They complain loud and they complain long. They complain about their taxes, too. Mostly, in the last month or so, they've been complaining about the DEBT. The horrendous debt. As if if rose up out of the ocean and began stomping cities on its path across the nation, the DEBT has become enemy number one.
But we know the debt didn't rise up out of the ocean. It was created from a surplus during the Clinton administration by his successors.
Yes, there was a SURPLUS under the previous democratic administration. Now don't get me wrong, Clinton was a sociopath. Just look at his personal life. But you can't argue with the Congressional Budget Office. Well, not meaningfully, anyway.
What spawned the debt? Well, if you increase spending and cut revenue, it pretty much appears automatically.
Increase spending: Iraq War, Afghanistan War.
Decrease revenue: Tax cuts, also known as "The Bush Tax Cuts", which gave the nations assets over to the wealthiest people in the country.
Now we have this tremendous debt, you see. But we don't want to raise taxes. No, that would cost jobs!
We have to cut spending, but not from where the increased spending started:
We just gave Boeing $360 Billion dollars for flying gas stations to feed the "Joint Strike Fighter". The Joint Strike Fighter costs another $388 Billion.
So right there you have $1.2 Trillion in debt in only TWO contracts.
Exxon Mobil didn't pay any taxes on its record profits last year. In fact, I paid more in taxes than Exxon Mobil did on it's profits.
Are you beginning to see why I'm getting ready to bail?
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