Neither candidate knows whit about the economy. Obama knows less though and if we don't get ourselves out of debt NOW then we will be no better off than Greece is now.

i feel as if there will be no way to get out of debt unless we cut programs (sounds somewhat conservative of me) but it just contributes to our debt. but i also feel to advance further out of debt we must adopt a form of lesser socialism. Now i know what you might be thinking thinking: "This is fucking 'merica we dont need no europe shit in here!" but lower taxes will oonly grant limited success (Bush tried to adopt this plan and it worked; but only limitedly) your opinion? :) pic related: me if i were a spider in the election

I mentioned Greece. The situation has gotten so bad in Greece that they ARE cutting social programs/ transfer payments like Social Security, medical benefits, unemployment benefits etc. However, Greece is still being forced to pay the interest payments on their debt- that is something they have not been able to cut back on. So for the most part, I agree with you but I think there are many other things that would need to be done (cut regulation, lower tariffs, and cut military spending).

The interest payments on America's debt are also a HUGE deal. If interest rates rise in the future (and history tells us they surely will as they are very low right now), the U.S. will owe more money on interest payments !! annually!! than it has spent on all of the wars it has ever waged.

I will have to disagree with you on the regulation aspect. I have taken a public policy class and have learned that almost ALL regulation originates with the private sector. This is to say that private companies use regulatory institutions to get monetary gains. I would say up to 90% of regulation does NOT help individuals and is only created to help businesses prosper unethically. There are many points I could bring up- I can think of 10 off the top of my head (but I would prefer not to type that much).

Even if you do think that regulation provides more good than bad socially, there are VERY high economic costs of regulation. There are an average of 72,000 new regulations a year and politicians rarely ever even read these acts (it takes a group of 4 or 5 lawyers to decipher the regulations, which are written to be as difficult to read as possible). Economically, it has been calculated that US businesses have to pay 1.2 Trillion dollars to oblige with regulations. This is money that prevents workers from finding jobs, moves jobs overseas, and stunts economic growth.

I am not saying that all regulation should be cut, just this arbitrary type which was never intended to help "the people".