Does anyone subscribe to the belief that a deficit is essentially a deferred tax?

ALL debts a country has has to be paid by the taxpayer - dont you get that?

A country dont ACCUMULATE debts by raising taxes it REPAYS debts by raising taxes - do you get that?

Its EASY to get into debt when you keep making commitments you cant pay for

THIS president aint the biggest accumulator of debt. It was PAST presidents who were the biggest accumulators. Obama is trying to pay back the debts accumulated by those presidents

The 2 biggest spenders since WW2 were Reagan and bush jnr (BOTH republican)

During his time in office reagan more than quadrupled the US debt.

Bush jnr did the same.

THEY spent as if there was no tomorrow but got the US into debt by doing it

Neither reagan nor bush bothered trying to balance the books and repaying the debt. But THAT debt as you say has to be repaid at some time. NOW its payback time

If Bush's spending plans (for after he left office) had been put into effect, the US would have been bankrupt after 10 years

(that is - the amount of interest the US government would have been paying would have been greater than the GDP of the US. (this means that the just the interest on the debt (without even trying to repay any of it) would have been greater than the income of the US

Dont you get it

It aint US citizens who are in debt so much as the US GOVERNMENT

BUSH ran up the debts now Obama is trying to repay them

and there are only 2 ways he can do that

1) increase taxes

2) decrease government spending

Problem with 2 is - loads of the debt is to fund salaries and pensions for federal worker, medicaid and medicare.

How would you like - no armed forces, no federal law enforcement, no state schooling, no medical aid for the old or the young, and no federal government?

Look up the Laffer Curve. Part of the assumptions to be drawn from the Laffer Curve is that lower tax rates can increase total income by expanding the economy more than the percentage decrease in the individual tax rate. So, yes, some do think that lowering taxes can generate more total income, then available to pay down the deficit.

And no, the Federal deficit does not have to be repaid, it merely has to be financed. It's no different than a credit card which does not have to be repaid, just financed. Is there a cost? Of course. Can we afford it? As long as the the economy is healthy, yes, we can. Would it be better if there were no deficit? Yes, because then the money that would be used to pay down the deficit can be used on other priorities.

a deficit?

the only way I look at it is that spending is greater than income and to keep operating it is necessary to borrow to keep afloat

this happens in personal lives, business lives etc. My son had a business which just couldn't produce enough to pay his essential expenses, without any means of obtaining a loan, family help was needed and ended up all lost

my daughter altho had a good income managed to continually charge things(she didn't really need) until she has more credit card debt than income

another daughter did a similar thing, not to the extent, but her income was not as good and realized she had to stop and get this thing resolved on her own

would that the big spenders in Congress would realize there is a limit to taxing the citizenry, there are so many who cannot afford to pay rent and food let alone heavy tax burdens

in no way do I see this as deferred tax, it is money that is payable, plain and simple and a burden on our children