Since 1964, the government has had 43 budget deficits and only five surpluses (1969, 1998, 1999, 2000, and 2001). Let’s be real with each other, over time, what was politically convenient — higher spending, lower taxes — became habit-forming. It pleased the public, which deplored deficits in the abstract but rejected specific (unpopular) measures to control them. Also make note that the $85 billion dollar cut is only 2 percent of the total government spending of over $3.6 trillion dollars. Don’t forget that we have to borrow over $1 trillion dollars of the money the government spends yearly. Does that scare you just a little bit?
This sequestration is suppose to total $1.2 trillion dollars over the next 10 years in spending cuts. Under President Obama, a Democrat, the national debt has risen in just four years by six trillion dollars to over $16 trillion dollars. Mr. Kesserling, our GNP is about of $15 trillion dollars. We now owe more money than the United States is worth.
Mr. Kesserling you and other can keep blaming the Republicans for everything. But note that since 1964, we have had five Democratic presidents and five Republican presidents, but it is all the fault of the Republicans? The current president is a Democrat, why isn’t he wanting to reduce spending and get some sanity back in our spending habits?
The answer is not to continue to raise taxes on the wealthiest Americans, which was just done, but to reduce spending. If you are so determined to raise taxes again on the wealthiest then support raising taxes on all Americans back to the levels before the tax cuts. If tax reform is in order, and I agree that it should be, then the tax reform should affect all Americans, not just a select group like you think it should.
HOMER CRIS FORD