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I thnik people that don't even know they will pay will incoming years see the bill. I can't see now we can get out of the debt without heavy spending cuts in programs. Alot of people are going to be huirting in coming years because of these cuts and higher consumer cost.
Wait, wasn't it Candidate Obama (who got my vote, btw) who claimed he would read every line of the budget and make cuts?
I've yet to see one, and to make matters worse, the socialized medicine plan on the table will add billions.
So long as we make the interest who cares? Besides the financiers that hold the debt do not want it paid off. This paper is the most secure investment they could ever hold.
every penny that the government spends, hurts us. ultimately, just as cash for clunkers will quickly show, the government spending money helps a tiny bit in the short run and then hurts double in the long run. the reason is that once the government stops spending, any benefit from the spending disappears. there is no "stimulus" effect where they get things going and then positive stuff continues. so you are left with no positive, but then have all this additional debt to pay off. i dont understand why this isnt blatantly obvious to anyone who pays taxes or who expects to be paying taxes in the future. the government doesnt have a job, all their money comes from us. why should they be allowed to spend our money instead of us spending our money? why do we think somehow thats going to have a better impact on the economy?
Government spending when done right can vastly improve a nation's economy. It builds infastructure like roads and trains and telecommunication networks you use everyday, and allows businesses to thrive. It builds schools which educated you and taught you to read. It also (should more, but doesn't due to lots of corruption) reduces economic boom/bust cycles and corporate monopolies that result from unregulated capatilism. The government also funds R&D and is responsible for drug discoveries, the internet, and many other things which were later sold off to private tax revenue generating companies at a huge profit.
You want no government? Check out a place like Somalia, where no business in the right mind would form due to the extreme instability of the nation. On the flip side of the coin, the government should be more efficient and not overtax businesses or impose needless regulations to benefit only small special interest groups like it does. This harms everyone, and suppresses economic growth.
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charge it!!
