VERONIQUE DE RUGY: The Government’s Endless Appetite for Spending: It’s time for Congress to go cold turkey. “Democrats proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion (roughly the size of our GDP) to support the federal government’s borrowing through 2010. Since they have been in full control of the federal purse strings, Democrats have spent a lot of money and got the country into a lot of debt. Hence the two consecutive increases of the debt limit in 3 months. And they aren’t the only ones. According to the Office of Management and Budget, the federal debt limit has been increased 98 times since 1940—more than once a year on average.”
Explain this logic to me, because I just don't get it. "Spend our way out of debt." Has this ever worked before? Dunno? Me neither. Well then explain this one. "Increased taxes will save the economy." Dunno? Me neither.
Consider this: Two of the major reasons the Roman Empire fell, were taxes, and inflation due to the devaluation of fiat money through hyperinflation. Their money was worthless, and they had very little of it. This meant people quit their jobs as tradesmen, and instead turned to sustenance farming, just to survive. Let's not let that happen to America.