re: If we can't reduce the debt with a booming economy, we never will

Dude. It’s never going to happen.

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Should end the tax giveaway for the rich.

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The “rich” could be taxed at 100% and it wouldn’t even dent out debt. We have a spending problem. You are right about defense being a major part of it.

Money is a power, as a tool that enables the relatively stable production and disbursement of basic, life supporting goods and services. It's a mean to an end, and all about the survival and prosperity of the Human Species.

Of course, what all the current (Moral Political)hoopla is about, is the Disbursement (read relative affluence/freedom) Criteria; I.e., who gets what and how much for doing what. Human assessed value, Egalitarian Ideology vs Merit-based. Even Jesus Gospel is paradoxical, in that both Mercy and Merit apply as the criteria for ultimate (Spiritual) survival and prosperity.

There is a Book named "Abundance" (not Robert Reich's) that examines the affect of coming High Tech on the Economy and Debt. The word "ubiquitous" is heavily employed from cover to cover. A Lib wrote it (Hillary hire), but He's smart and seems honest; and seems less focused on Morality than practicality and Science. The gist of the Book is easily grasped, and uplifting, IMO. Optimistic for sure.

Stability, prosperity and progress far outweigh the economic principles of a traditional economic process (Capitalism, Socialism, etc.) which will essentially be outmoded...IF Humanity is able to maintain the kind of technological progress imagined in the Book. Money and numbers and debt be damned. Of course, any Systematic form of High Tech, Government-subsidized subsistence for any and all Humans, had better have a Value-based set of Qualifiers for/which Recipients can understand and believe in as being just, and can therein apply themselves to serving...as the former Citizens (not so much any more) did per the Constitution and America. Minus that, Mother Nature runs the show, and MN is merciless.

Will be interesting to see how refinements to the Constitution, encompass the coming wave of changes in both the Moral and Economic paradigms.

Helluva show!

Time for a big war.

It’s bad for the economy for the federal government to run at a surplus.

Or rather, not sustainable.

This is a given of modern economic reality.

If you control your own monetary policy, however, (I.e., not the states), this isn’t a problem as long as you keep the deficit within your GDP growth.

For fricks sake there is a thread about this on the front page now.

How did Elvis of Arkansas do that?

Why didn't you answer my question Bamatool?

Clinton was due to The Rs and their budget, you do know where the budget is created right?

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Obama reduced the deficit YOY every year he was in office.

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Yet he managed to add more to the national debt in his 8 years than all the previous Presidents combined.