6 reasons the debt keeps going up

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Sep 23, 2013.

  1. g8orbill
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    g8orbill Gators VIP Member

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  2. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Here's the first four reasons.

  3. diehardgator1
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    diehardgator1 Well-Known Member

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    There is not but one reason we spend more than we make
  4. tegator80
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    tegator80 Well-Known Member

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    Absolutely correct. I would add that budgets are based on projected revenues and in the past they could argue that today's low revenue shouldn't sacrifice noble programs. So they assume that sometime in the future the roles will reverse and more revenue will pay off the short-term deficits.

    The problem is we don't ever save for a rainy day in amounts that can really overcome the recessionary drops in revenues. As long as congress can claim "emergency," they don't have to have a balanced budget.

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