lomiller
Penultimate Amazing
- Joined
- Jul 31, 2007
- Messages
- 13,208
Unfortunately, neither party is worth a damn regarding fiscal responsibility. Democrats think every problem can be solved with massive social spending, and Republicans always promise to cut taxes, increase defense spending, and balance the budget, but they are not remotely serious about balancing the budget, and they always ignore the fact that they can't do the first two and also do the third.
Some of the most effective and well loved programs the US government has ever delivers qualify as “massive social spending”, that being Social Security, Medicare and Medicaid. Even among Republican voter these programs enjoy support upwards of 80%. Even welfare, once you get past the superficial stuff and into what people feel would be a valid reason for public assistance, is generally consistent with what Republican voters support.
The real problem with US deficits is that these mandatory spending programs along with defense related spending that Republicans wildly support and Democrats grudgingly support combined to make up 90% of the budget. Most of the remaining, while not part of the mandatory budget is still essential. The “massive” social spending Republicans think Democrats want is an almost insignificant part of the overall budget. So, wrt to spending both parties largely support almost exactly the same spending levels.
The result is Republicans tend to incorrectly believe that massive tax cuts can be offset with insignificant program cuts. When they gain sufficient influence to set policy the inevitable end result is a massive increase in deficits.