I thought the debt is needed to be increased to save us.
The cut in spending proposed isn't to lower debt it's to take away benefits from the people.
With the USA charging 2 Billion dollars a month on the Wars and what Nine years of debt for the wars? We will have to start paying for that but the Multinational Corporations have been making Bank!
Temporary debt could help to fix a temporary problem, if you pay it back. Going into debt year after year because of a permanent problem is a downward spiral. Raising Tariffs against countries who sell things much cheaper than American companies can would fix the issue. 1) More manufacturing in America because the costs would be the same. 2) More money stays in America. 3) Increase in tax revenues without increasing rates. 4) Less unemployment as manufacturers increase production locally since foreign goods are no longer cheaper.
The only negative aspect would be it would lower the standards of living somewhat. 42" flat screens wouldn't cost 400 bucks anymore, they would be 600. Things of that nature. Food prices would go up a little, but we grow more food than we eat here, so that would be very small. That, and China would be really pissed off.
You are tying two things together that have nothing to do with each other. Invading Iraq was the Republican and Democrats together. Neither side seems to care about spending all that money. A vast majority of corporations would not benefit from a war, they did not start the war, and are not responsible for the war.
My standing is we should not have went to war, we should not be at war, we should just walk away. Tell the rest of the world if they don't like something, fix it themselves.