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$2 trillion over ten years initially, that is $200 billion per year in spending cuts. that is easily doable by eliminating the excessive government spending on a huge number of programs like frisbee golf courses, and putting shrimp on a treadmill, among others. these are insignificant cuts, but they are a start.
we do need to cut the size of government, but to prevent a major depression, we need to cut gradually, not all at once. will it hurt the economy? for a bit, but if we have a pro growth environment in this country, it wont hurt for long.
Alright, so republicans are against raising taxes in a recession because it will hurt businesses ability to hire, thus hurting the economy.
Yet cutting $2 trillion+ is just fine in a recession? Cutting $2T in job cuts, wage cuts, pension cuts, etc in a recession is fine? Cutting demand is fine? Will cutting demand create jobs?
$2 trillion over ten years initially, that is $200 billion per year in spending cuts. that is easily doable by eliminating the excessive government spending on a huge number of programs like frisbee golf courses, and putting shrimp on a treadmill, among others. these are insignificant cuts, but they are a start.
Read the OP, again, and try to understand it.
Quote:
Originally Posted by HC475
Reagan did it... Clinton did it...
Neither did it. And both scrambled to increase tax revenue, by either raising taxes or closing loop holes.
Alright, so republicans are against raising taxes in a recession because it will hurt businesses ability to hire, thus hurting the economy.
Yet cutting $2 trillion+ is just fine in a recession? Cutting $2T in job cuts, wage cuts, pension cuts, etc in a recession is fine? Cutting demand is fine? Will cutting demand create jobs?
Can someone explain to me how this works?
You're talking about what obama said in 2009, right?
Can you explain to me why he wants to raise taxes now, after the deal to extend the Bush tax rates in Dec of 2010?
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