Originally Posted by Botnst

It's not a tax problem. It's a spend problem. And no, it didn't begin with Obama. The wise use of federal spending and deficits ended with Kennedy.

LBJ thought that he could have a little war that nobody would notice AND spend money like FDR. Nixon loved it and expanded it. Ford tried to pay for it by cranking-up the printing presses. Jimmy Carter thought Ford's plan was topnotch and got superchargers for the presses. Reagan thought he could spend like nobody's business and that Congress would do the right think, which it didn't. Bush I said yes. Clinton, against his wishes, was forced into the first balanced budget and budget surplus since Kennedy. Bush had Johnson envy. Obama had Bush envy.

And here we are today. with Democrats trying to spend money like drunken Republicans at a convention.

Cut spending. Remove all tax deductions. Then let's see where we are.