National debt: Where the Tea Party is wrong
March 10th, 2011
12:17 PM ET
4 years ago

National debt: Where the Tea Party is wrong

New York (CNNMoney) - First, let's give the Tea Party props for thinking critically about how much money the government should spend - energizing the debate about the national debt.

Now for the fact check: Some of the Tea Party arguments for how to address deficits are just plain misguided.

FULL STORY

Filed under: Debt • Tea Party movement
soundoff (25 Responses)
  1. Obama 2012

    These people have no clue on anything further than what they hear on Fox News. They make me happy and proud to be a liberal.

    March 10, 2011 12:24 pm at 12:24 pm |
  2. Chris

    The problem is that dogma and facts go together like oil and water. You can cite all the well-documented facts and use well reasoned arguments as much as you want, but the response from the Tea Party will be just more screaming of slogans.

    March 10, 2011 12:25 pm at 12:25 pm |
  3. vet in texas

    Where they are wrong is this:

    the fact that all the things your yelling about, didn't start until January 21, 2009, when in fact those same things (your yelling and screaming about) have been going on for the past 20 years. Nothing more, nothing less! This fact is why they (the tea party) have no credibility in my eyes EVER!

    Followers will never agree with this because they are continuing to be led of the cliff by the pied piper! You've been played once again and will never admit the people who stand in front of you, care nothing about you individually, simply in numbers to get them and keep them in power.

    March 10, 2011 12:33 pm at 12:33 pm |
  4. Al-NY,NY

    Never let facts get in the way of T-P rhetoric and propaganda

    March 10, 2011 12:38 pm at 12:38 pm |
  5. Darth Vadik, CA

    Lets' make it easy and say when is the Tea Party correct....

    NEVER

    see, it was as simple as that

    March 10, 2011 12:43 pm at 12:43 pm |
  6. peace

    Everything about this group of nuts is misguided. that"s what happen when you have so much hate for a person because of the color of his skin. so all we can do is pray for them because they is destoryin themselves.

    March 10, 2011 12:43 pm at 12:43 pm |
  7. Tulsa

    what a bunch of dolts. it's a bad time for America. Reminds me of the bad old days.

    March 10, 2011 12:44 pm at 12:44 pm |
  8. Sees All Evil

    This isnt news we all know the peeparty is misguided. They are homegrown terrorists hiding under the guise of patriotism. They want to take the country back, from who you ask from the people. If they or gop get control the whole country will be like Wisconsin protests abounding, rioting in the streets. There is great danger in voting these power mad lumps into office. rethugs/peeparty are dragging us back 150 years to a time we dont need to return to. BEWARE the stolen election!

    March 10, 2011 12:47 pm at 12:47 pm |
  9. Expat American

    The Tea Party is a lot of talkin’ and a whole lot of cross burnin’ – but not a lot of book learnin’.

    March 10, 2011 12:48 pm at 12:48 pm |
  10. fayse

    I agree that the debt ceiling needs to be raised to protect our future as a Nation. Our economy is too fragile right now to make reckless and uneducated decisions. I also agree that cuts need to be taken in steps. Among the things that should be done is to repeal the tax cut extension for the very wealthy. I am retired and I rely on Social Security and I certainly could not survive if my benefits were to be cut. There are areas in which SS could be reformed. Change the rules that allow early retirement at age 62, unless there is a health issue. I would also like to point out that 65 is no longer the full retirement age anymore. Anyone in their fifties will not be eligible until around age 68. There should be a means test for the wealth. I know a wealthy business person that owns a business and still draws SS, the money is not needed so this person just banks it. They way SS works now is when you reach full retirement age, you can work and draw an unlimted income and still draw social security. True you will pay taxes on the amount you draw, there is a very complicated formula to determine just how much of it will be taxed. There are many areas that we should be looking at and Defense is one of them. Above all we should demand that all elected official take a cut in their salaries, expenses, staffing budgets etc. The Governor of my State is currently living in a mansion costing the taxpayers $10,000 per month. Those at the top need to contribute more rather than taking the food off the table of those less fortunate.

    March 10, 2011 12:51 pm at 12:51 pm |
  11. S.B. Stein E.B. NJ

    The fact that the tea party hasn't shown its head in the 1990's tells me that they don't really understand or know what is going on here. They should have been around in the early 2000's to get Congress to slow spending and to pay for the war in Afghanistan and the conflict in Iraq. It really looks like they just don't like Obama for whatever reason.

    March 10, 2011 12:52 pm at 12:52 pm |
  12. DemoCommunists for a Better Way - Bankruptcy

    What a looney tune article this is! What is "misguided" about eliminating federal government programs that the federal government has no business doing in the first place? Waste is the first magnitude and a fraud and abuse of our hard earned (and taken) tax dollars. Taken insane Harry Reid's Cowboy Poetry festival for example! Such a vital and essential program right?!!!

    Bottomline is the Democrats want to spend this country into financial COLLAPSE and then blame it on the rich for not paying "their fair share", aka everything they own and/or make. Their class warfare tactics have destroyed the fabric of this country. Witness Wisconsin and elsewhere.

    March 10, 2011 12:57 pm at 12:57 pm |
  13. Earhchild

    The Tea Party are the ones that need to be investigated by Mr. King.
    Middle Class America, let us rise and take back OUR country!

    March 10, 2011 12:59 pm at 12:59 pm |
  14. gt

    lets get out troops home.... close down those usless military bases.... cut defense.... raise and mean test social securty ...raise or add high deductables for things like hover rounds on medicare... raise taxes on billionares..how is that for a start...that will cut the debt...

    March 10, 2011 01:00 pm at 1:00 pm |
  15. Bill in STL

    Tea Party not withstanding. The latest budget proposal from the White House does not address the intrest on the national debt already in existence. What this means is that we will be borrowing money to pay intrest on borrowed money. The operational budget will be in balance but nothing will be done to reduce the debt. It will continue to get larger. Try to run your house that way and see how long you last.

    March 10, 2011 01:01 pm at 1:01 pm |
  16. Dave, Central Illinois

    Funny how people that don't know anything about the Tea Party, except for what they hear from John Stewert, are so quick to make outrageous claims and call childish names. For example: "peeparty" – a real genius thought of this one. Oh well, another day on the CNN message boards....

    March 10, 2011 01:04 pm at 1:04 pm |
  17. Dominican mama 4 Obama

    : Some of the Tea Party arguments for how to address deficits are just plain misguided.
    -------------------------------------------------–
    No. They are just plain stupid. Misguided is when you don't have sufficient information, or you have insufficient facts available. ALL THE FACTS have ALWAYS been available to this one-brain-cell-oxygen-deprived group of eejits, but they CHOOSE to ignore it and come up with their own set of facts. STUPID is what that's called.

    March 10, 2011 01:04 pm at 1:04 pm |
  18. GI Joe

    I'm not threatening, but stating a fact that the tea-baggers and republicans need to remember.

    Democrats and Independents have the same rights, and can exercise their second amendment remedies the same as they can. WE can buy guns and ammunition, too. I own a personal firearm for the first time in 68 years.

    March 10, 2011 01:04 pm at 1:04 pm |
  19. kat

    While the Tea Party may not have all the answers, I think it's time to try something different. It's clear to me that the folks we have in Washington don't have a clue how to fix the deficit either. Listen to the people, maybe if we work together we can fix some of our problems. The constant bashing doesn't help.

    March 10, 2011 01:07 pm at 1:07 pm |
  20. Rick McDaniel

    That's not nearly as bad as the Dems ideas of how big a deficit this country can grow, and still survive.

    March 10, 2011 01:14 pm at 1:14 pm |
  21. once upon a horse

    I'm sure when the Koch Brothers and all those other rich folks were recruiting for this so-called "grassroots movement" part of the deal was to ignore any facts you might hear and watch and get your information from FoxNews or any other right wing talk show host you can find. This group lost credibility with me when they decided to form after Obama took office instead of when Bush was in and all the mess started.

    March 10, 2011 01:17 pm at 1:17 pm |
  22. Four and The Door

    These arguments against dealing with federal government spending right now are very weak. What's the point? Avoid making tough deceions to pass them along to the next administration and on to the next generation of Americans where it will be even more difficult to deal with?!?! We can do better than that.

    March 10, 2011 01:20 pm at 1:20 pm |
  23. ConservaFascists/F.U.B.A.R.

    I despise everything the Teatards stand for. The guy from NPR had it right in his opnion of them. You want to know who is Taxed Enough Already? The middle class. Tax the wealthy, stop corporate loopholes and stop giving subsidies to oil companies and corporations that hide their money in foreign banks. If everyone paid there fare share, we wouldn't be in the predicament we're in.

    March 10, 2011 01:33 pm at 1:33 pm |
  24. Bob

    How about addressing the myth that this is no limit to the amount people can be taxed? Multiple studies have shown that limit to be about 19% of the GDP and we're currently at 23%+. Anything more causes an economy to slow down to the point where tax revenue levels off at 19% of the now reduced GDP. So how is more taxation going to solve this problem? Until it drops to below 19% there's no room for more taxes and more taxation will just compound the problem. Whine about the Tea Party all you want – they're on to something here!

    March 10, 2011 01:47 pm at 1:47 pm |
  25. Sam the butcher

    Never let facts get in the way of a Teahadist rant. Like the picture of that silly old dingbat in the original story shows just how uneducated they are "Taxed Enough Already" never mind the fact that taxes are at their lowest since the 1950s. I'd be willing to bet that old bird is nowhere near a millionaire either and perpetually votes against her best interest all because she hates that a half caucasian is our President.

    March 10, 2011 01:51 pm at 1:51 pm |