Quote:
Originally Posted by JohnR
Both major parties, but more particularly the democrats, are kicking some of the most important topics in our national interest down the road and taking a pass. We are spending 1.4 trillion dollars more per year than we take in. That is probably the #1 issue facing the long term stability of this country. The simple fact that we are on our way to being broke.
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George Bush started that path and the Republicans have been hog tied by Norquists pledge. It certainly isn't the only thing, but Bush tax cuts plus Iraq and Afghanistan account for 1/2 the debt. They were much bigger contributors than tarp or any part of the economic recovery. There has been no budging on tax policy, not based on the advice of economists, but rather some jerk who forced Republicans into a stupid pledge. I agree that both sides need to straighten things out, but without the option of flexibility on taxes, the Republicans are stuck behind Norquist.