7. That's part of it ... THREE WARS is a helluva lot of spending
The other part is the relentless tax cuts for the rich. Yes, we DO have a revenue problem. If you cut revenue, you damn well can't afford three wars. You can have guns or butter, but not both. Econ 101.
8. No what the R's did was they took a pay cut then they decided that it was a good ideal to get out
the trusty old credit card and go on a shopping spree for crap they didn't or couldn't figure out a way to use, Star Wars anyone?, then decided the best way to handle the debt from that was to take more pay cuts, increase more spending trying to get back at the Jones for their dog pissing in their yard, Iraq, now they decide that the best way to deal with rising interest rates on their credit card is to cut back on things that are needed to keep them healthy and hunger free, while buying more trinklets to impress their neighbors with.
But as a percentage of GDP 'defense' expenditures have been declining while "entitlements" are going the other way.
Furthermore, if we stay on this present reckless track of trillion dollar deficits the interest carrying cost will soon be higher than the 'defense' spending! The severity of the problem is currently masked by extraordinarily low interest rates, but way too much of that debt is in 5yr or shorter notes, and when interest rates rise so will the burden of (the ever-growing) debt.
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