Tornado Alley (PROG)

[SilverSurfer]

arizona1, since you shook my cage with the 'hate Romney' stuff you may want to note that I do not hate any of the politicians personally but I do 'hate' all of what 'they' do which is spend our nation into the dirt when we could be really kicking some serious arse in the world about now if we did not have that overwhelming bad habit... Please watch the video attached and argue with me about the facts therein if you want to rattle... tia

http://silveristhenew.com/2012/04/25/which-came-first-the-spending-or-the-debt/

In a wonderfully succinct clip, Professor Antony Davies addresses the oft-cited perspective that Government has a debt problem. While correct in fact, he examines the data and summarily notes that debt is caused by deficits leaving the question of what's to blame - too much spending or too little tax revenues? The dramatic rise in spending per-capita by the government is exponentially larger than the rise in price levels over the last few decades and while so much time is spent on Healthcare costs - even that pales in significance relative to the rise in Federal Government spending. The lesson, he notes, is that we don't have a debt problem, we don't even have a deficit problem, what we have is a spending problem - leaving a tax solution impotent. An interesting conclusion on the day when the Fed once again promises to keep rates low forever implicitly supporting a government budget via its low interest expense...