Fog... Savings and Debt can coexist quite nicely. You CAN Save AND Borrow simultaneously. If you have a home mortgage AND a reasonable Savings Account and/or Investments, you are doing exactly that.
As for Which Prez candidate I'd trust more to handle economic issues?
Well ... the question that you asked is vague. I'll make an attempt to restate the Debt/Deficit/Savings/Budget question at another time.
Let's just look a the simple "Trust" issue first.
And ... allow me to ask YOU ... "WHICH of Willard's Moving Target Promises do YOU Trust Willard to Keep?"
You'd have start by picking and choosing among the many positions that Willard has taken on both sides of countless issues to start with ... and then maybe take a look at what are clearly lies or attempts to willfully mislead.
First ... A short bit about Willard's business and pre-political "honesty" background for starters.
Willard and his backers love taking credit for saving the Utah Olympics. They CLAIM that they did it by bringing in "Private Money". The FACT IS ... The FEDERAL GOVERNMENT (ie. TAXPAYER MONEY) bailed out those Olympics!
Yup ... The DuhBya Administration spent $1.3 BILLION in Taxpayer dollars to keep the 2002 Games afloat. That's more than DOUBLE the Federal ASSistance spent on ANY OTHER Games!IF we had Romney's Tax Info from that period, we'd have an idea about how many Taxpayers' Dollar$ found their way into Willard's and Bain's pockets.
Willard doesn't want us to get even a glimpse of that. Trust?
Bain and "Job Creation":
Bain and Willard weren't about creating American Jobs as hard as they so desparately to imply. That's disingenuous and willfully misleading. They were ALL about Profit$ ... and there's NUTHIN' wrong with that (as long as they're not DisHONEST about it).
Here's part of what they were REALLY about. They are/were like guys who buy cars dirt cheap from distressed sellers who unexpectedly lost a job due to a poor economy, then turn them/Flip them for a quick Profit. They are NOT committed to keeping those cars running on American Roads. They ARE committed to turning a profit.
Sometimes they could invest a little money to fix mechanical or cosmetic issues, then flip them for a quick profit. Maybe running on an American Road ... but FREQUENTLY on a Foreign Road. That DID keep some of those cars on the American Road (but that was NEVER their Goal).
More often than not, Willard-Bain dismantled/stripped the cars and sold the individual parts for profits, and sold whatever remained as scrap. They did NOT care who they sold the Valuable Parts to (China, Japan, whoever). Those Valuable Parts that were sold to Foreign Interests kept Foreign cars running on Foreign Roads ... bolstering Foreign Economies and Tax Bases.
There are MANY other Willard-Bain issues ... like Offshore Tax Dodges, outsourcing of jobs to Foreign countries for Tax and Labour Benefits, etc ... but you get the picture. Let's turn to Trust.Trust:
How do you Trust a guy who flip-flops like a freshly caught Asian carp in the bottom of a small boat?
Willard was For Pro-Choice before he was Against it ... and is now somewhere in between.
Willard was For Gay Rights (including in the military) before he was Against it ... and is now somewhere in between. Willard goes both ways!
Willard was For "Universal" Health Care before he was Against it ... and is now somewhere in between.
... Just weeks ago (and throughout his nomination campaign) he was VOWING to repeal ALL of "Obama Care" ... and, just within the last couple weeks, he has Flip-Flopped and currently* (*subject to change without notice)
vows to KEEP certain ObamaCare provisions ... like the Pre-existing Conditions provision. Nevermind that Willard could NOT sustain that WITHOUT the Critical Mandate Provision.
Yet even then, within just the last couple days, he currently* claims that he ONLY supports the Pre-Existing aspect for those who ALREADY HAVE ONGOING Health Care Insurance. The MILLIONs of New Insurees who will be getting Insurance through ObamaCare (or by any other means) would NOT qualify! NOR would those who lose insurance AT ANY TIME, for ANY REASON Qualify! And ... puhlEEZe forget that almost ALL who have "ongoing" insurance, are NOT covered for Pre-Existing Conditions. PONDER THAT!!!Sooo ... What is there to TRUST IN?!
IF you happen to CHOOSE to Trust that Willard would Totally Abolish ObamaCare AND Maintain Medicare, then it might be wise to understand what that actually means.
... What it would mean, in part, would be that Medicare recipient’s out-of-pocket care expenses would increase $577 a year on average by 2022 (under Obama's Plan, they would DECREASE). Worse yet, Willards Plan would render Medicare INSOLVENT just Four Years from now! NO MORE MEDICARE, at ANY Cost, within FOUR YEARS!!! ... The Drain on The Economy would be BRUTAL!
Wanna believe in Willard's most recent* Tax Reduction "Plan" to reduce ALL individual Taxes by 20%? That's a LOSS of almost $5 TRILLION in Tax Revenues over the next decade. How is THAT prudent fiscal policy?!
Of course, during the debate, Willard repeatedly DENIED that he ever offered a Tax Plan that slashes Tax Revenues by $5 Trillion ... a FLAT OUT LIE!
Now understand .. SINCE the debate, Willard has offered some phoney-baloney brand new* "plan" to PAY for the $5 Trillion ... by Capping Tax Deductions at $17,000 per filer. He had CLAIMED in the debate that Middle Class taxes would NOT increase under his "Plan*" (whatever that is) ... but Cappin' as he described WOULD INCREASE the Tax Liabilities on a LARGE part of the Middle Class!
Trust?!Still up in the air* is whether Willard's 20% Across the Board Tax Reductions would INCLUDE Capital Gains.
If it does, the Long Term Capital Gains would be reduced from 15% to 12% ... eliminating hundreds of BILLION$ MORE in Tax Revenues.
How does Willard CLAIM that that loss of Revenue would be recovered? Well ... he CLAIMS that the CapGains reduction would spur investment, and thus spur The Economy (he doesn't tell us whether he means the U.S. economy, or China's) and more than pay for the HUGE revenue loss. The PROBLEM is that there is NO EVIDENCE to support the CLAIM that reducing CapGains spurs the economy.
CapGains Reductions Spur? Let's take a look.
Reagan Reduced CapGains from 28% to 20% within months of his election and the economy remained in the doldrums through his entire first term (similar to Obama's inheritence).
... Reagan then INCREASED CapGains from 20% to 28% near the beginning of his second term, and the economy suddenly grew BEAUTIFULLY!
Clinton Lowered Cap gains to 20% 6 years into his presidency, in a thriving economy, and the economic impact was NOT definable.
DuhBya Decreased the CapGains from 20% to 15% during his second year in office afetr inheriting the STRONG Clinton Economy and Budget Surpluses for as far as the eye could see ... and The Economy DECLINED steadily, and then CRASHED at the End of his term.How much TRUST can you have in Willard when, in the debate, he CLAIMED that Obama "doubled the deficit"?
That's a LIE!!!
... The truth is THIS (from NYT):"When Mr. Obama took office in January 2009, the Congressional Budget Office had already projected that the deficit for fiscal year 2009, which ended Sept. 30 of that year, would be $1.2 trillion. (It ended up as $1.4 trillion. For fiscal year 2012, which ended last week, the deficit is expected to be $1.1 trillion — just under the level in the year he was inaugurated."
... back to Me. That is a REDUCTION in the Deficit during Obama's term in office!
Trust Willard? C'mon!
More importantly, Obama, DESPITE the Economic DEVASTATION that he Inherited, has REDUCED the CRITICAL share of Deficit as a percent of the Economy ... from 10.1 percent of the economy’s total output in 2009 to 7.3 percent for 2012.
THAT IS A HUGE Accomplishment and it CLEARLY shows Willard's Debate claims are BALDFACED LIES!
How much TRUST can you have in Willard when, in the debate, he CLAIMED that HALF of the almost three dozen companies invested in by Obama's green energy stimulus program have "gone out of business" when just THREE have gone into bankruptcy, but NOT out of business?! Another BALDFACED LIE!
I could go on and on with Willard's Flip-Flop-Flips*, Political Lies, Willful Distortions, etc ... but you get the drift.
I'll ask again ... "WHICH of Willard's Moving Target Promises do YOU Trust Willard to Keep?"...Dim