Now lots of arguments on here form the same pattern of "How can you claim to want to lower taxes and be against the deficit?" to which the conservatives reply "Cut spending!". But the way I see things is this: Cut Taxes & Spending > Cut Spending Only > Cut Taxes Only Why? Because any losses defrayed by tax cuts will only reappear as inflation if spending is not also cut. If spending is cut enough to create a surplus, assuming it is never spent, the deflation will make up for tax losses. Now taxation and inflation have very large secondary differences, but fundamentally they are both equally bad.
Cutting so much spending as to go into surplus would put the u.s back into a recession do to public job loses and loses of governmet investments in the private sector......
what people dont realize is that a recession is needed to cleanse the system. You need the hangover now after the alcohol binge! There is no way around it.....the longer you prevent the recession from working through the system the more damage it does to the economy!
The U.S. is a debtor nation. Inflation will lessen the value of those debts, making it easier to repay. On the other hand, deflation would increase the value of those debts, making them harder to repay. Every government surplus, in the U.S., has been directly followed by recession or depressionÂ…it is the curse of our banking system.
Exactly. Being an alcohol enthusiast myself, I can say with confidence that real recovery from an unhealthy policy is often painful.
Well (*)(*)(*)(*)(*)(*) PEOPLE ARE GOING TO HAVE TO LOSE THEIR JOBS. I'm sorry dude, I know you hate to hear that. But we cannot keep Government as the primary spender in our economy forever. At some point people are going to have to lose their jobs if those jobs are primarily funded by Government! Stop pretending that job losses should only occur in the private sector and Government workers are too valuable to put into the unemployment line.
You make too many excuses for the system remaining as it is. I'm no economic expert (as you are apparently poised to present yourself), but I DO KNOW that the PEOPLE of this nation can change the way the game is played. I think you underestimate the actual WILL of the majority of Americans at this time.
