axt113 said:
|
And when the government had been doing this already, and the economy still contracts, then what? Isn't there a time when the bills come due? Should the government just print money and give it to people, and not bother taxing anyone?
I have seen years of a game going on hwere the argument was to always cut taxes as a means of stimulating the economy. Well then, after this, the economy slows down, and then more cuts were called for. Tax cuts were called for in good times and bad times. The deficit was said not to matter. The federal debt before the recent fallout was heading towards $10 trillion dollars. There is talk of the interest on the debt alone getting up to $2 trillion annually. So, in this, how exactly is this paid for, and how does things like social security remain solvent?
The problem is the throddle has been pushed to the floor, even before this recent meltdown the past few years. So, how exactly is this going to work? I have been in the hope for a miracle situation, where spending was the answer, on a personal level. You know where I ended up? I ended up in bankruptcy.
