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Some of you guys really don't understand how it all works.
Taxes are given to the Government to feed back into the country, except when Bush and others decide to have a war or give it to Foreign Aid. Even a war needs weapons made by US factories.
Taxes are a fact of life. Cut them back and the end result is what? Less money circulating in the economy. Maybe some of the people who sign up to porn sites are earning money from the public purse? Policemen, Fireman, Administrators in local Government. The size of the labor force paid out of your taxes is enormous. Probably easily the biggest employer in the US by far.
So every time taxes are cut, 100s or 1,000s lose jobs. Look at Greece, UK, Italy and other countries for the numbers being put onto benefits because they're losing their jobs. Then think of the cutbacks they make to live on a smaller income. These people spend less.
Yes Government spends less, maybe less overseas, but the majority of the money is spent in the US. Fueling the US economy and indirectly your life style.
The problem the US and most of the Western World faces is far deeper and complex than Government spending and taxes.
It's why are so many people relying on the Government for money, as wages or benefits, and not in a productive job producing a profit from selling good in the US, not importing those goods and more not being exported?
And then there's another question. Why are so many Americans and other Western countries, living a life style they clearly don't deserve? If a country needs to borrow money, it's because it's not generating enough money of it's own. Countries have been living on the biggest credit card possible, just like the people in those countries. Now you're economies have hit a bump in the road, you can't afford the repayments.
Don't fool yourself that cuts in Government spending is going to put more money in your pocket. It will ONLY mean less will be borrowed. Or did you think all that money saved would be given back to you, while the borrowing remains at these levels?
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