Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's such a simple concept. The government should spend EXACTLY what it collects in revenue. No less, no more.
You take in 5 trillion, you spend 5 trillion
NOT, you take in 5 trillion , you spend 7 trillion. (duh)
almost there
if you take in 5 trillion you shoudl spend 4 trillion..leaving 1 trillion for emergiencies like the flooding in the midwest, katrina, 911, etc...and to PAY THAT DARN DEBT OFF
It's such a simple concept. The government should spend EXACTLY what it collects in revenue. No less, no more.
You take in 5 trillion, you spend 5 trillion
NOT, you take in 5 trillion , you spend 7 trillion. (duh)
I agree. That's how it should be under normal circumstances, but it's not possible during this economic emergency where we NEED spending to stave off another recession. The fiscal policies of the past 30 years have destroyed our nation's financial balance and undermined the factors that our economy was based on. Now we're reaping what our politicians have sown.
This entire premise of Keynesianism has been so misunderstood. Not even KEYNES would advocate this sort of behavior. He believed in SAVING during good times and SPENDING during bad. We aren't doing EITHER, we had a -2% savings rate during the real estate bubble. All this is going to do is crowd out borrowing and push up interest rates if we have more stimulus.
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
need to cut 4+ trillion from the federal goverment, get rid of lots of departments and fire alot of those federal employees.
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
the original "new deal" was a complete and total failure, resulting in a decade long 10% + unemployment. Why would you want a new failure?
cutting is not the actual right word. BALANCING the budget is what is needed.
and yes the American economy will be better for having moved to a rational way of dealing with the obligations we make for ourselves.
What is important to understand is, we have NOT cut anything. NOTHING has been cut and the issues with the economy have nothing to do with what may or may not be cut at some point in the future.
Today's drop in stocks has a lot to do with distrust for all of Washington and a belief that neither party has what it takes to get the U. S. financial house in order.
Longer term, the economic instability has more to do with utter uncertainty with what government will do, and a decidedly anti-business presidential administration.
The starting line for fixing this economy is to recognize that government is not the solution. Government is the problem.
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
the USA also needs to cut all social spending and stop giving loans and money to other countries. as far as transit and public transit goes, if it is owned by a private company, it does not need any federal money to subsidize it.
Household budget on the edge of collapse, do you really think it's a good idea to cut 2500$ wasteful spending or keep spending money we don't have and lose the home and the car, and everything else we own?
I agree. That's how it should be under normal circumstances, but it's not possible during this economic emergency where we NEED spending to stave off another recession. The fiscal policies of the past 30 years have destroyed our nation's financial balance and undermined the factors that our economy was based on. Now we're reaping what our politicians have sown.
Are you saying the fiscal policies of the past 30 years - essentially the same thing as the NEED to spend to stave off another recession didn't do as planned, in staving off that recession? Now we NEED to spend even more to avoid what excessive spending over the past 30 years has achieved?
Sorry, I voted before I read your introduction, "Hard right conservatives", which I am not.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
