Quote:
Originally Posted by maskedmelon
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What do you mean by this? Are you arguing that the government should spend more, tax more, or both? Right now, the US has a larger debt to income ratio than any other state with the exception of perhaps Greece. Not sure where they sit after their third bailout though... That is not conservative fiscal policy.
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US fiscal conservatives are not spendthrifts. Like I said before, in spite of their rhetoric they just spend
differently (Defense, medicare, agriculture subsidies, etc). With our status as a reserve currency, it works in our interest to accrue a healthy amount of debt. That is not the case with other countries, and will change as soon as other powers are able to mount an effective challenge to the dollar.
Perhaps we have too much debt, but what you need to understand is that it isn't a Democrat-Republican issue. Both sides are equally capable of fiscal irresponsibility. Don't forget who ran it up so high in the first place. In California, after so many years of Schwarzenegger, it took Jerry fucking Brown, a Democrat, to get our budget under control.
The government should absolutely tax more and spend more, but intelligently and honorably. Unfortunately, with the current state of corruption that has permeated both sides of our political system, this is not possible. Taxing and spending have simply become means with which to plunder the country. Compare this to places with functional institutions, such as Denmark, Germany, Canada, etc, and I don't see how you can embrace American-style conservative economics. These places hardly even have higher taxes than we do, it's just that instead of spending tax dollars on flying helicopters around Afghanistan, they spend it on universal healthcare, tuition, labor benefits, infrastructure, etc, which are all evil things to the American right.