Quote:
Originally Posted by oscer
There to much taxes and too much wasting of money already ..
They need to stop blowing the money on stupid stuff that does not involve stabilizing our economy
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Unless the "stupid stuff" is bought from overseas, it's money that went into the US economy. Taxes and cuts are Red Herrings. The problem is neither.
It's the trade deficit. The US like so many countries today imports too much and exports too little. The borrowed money is to keep the people, housed, clothed and fed.
Cut Government spending or raise taxes and lower borrowing. And there's less money circulating. Keep Government spending or taxes as they are and lower borrowing. And there's less money circulating. The US is kept afloat, like a lot of countries, on debt.