thismeintiel on 26 April 2013
The problem with this thread it that no conservative, at least those in the US, is calling for austerity. Austerity is higher taxes and lowered spending. While the lowered spending is good, the higher taxes end up hurting the economy. Companies have less to invest with and consumers have less income to spend. Conservatives want lower spending AND taxes.
You can't spend your way out of debt. And while it is true that a little debt isn't a bad thing, the point of debt is that you are going to eventually pay it off. Unfortunately, governments have no intention of paying any of it back. In fact, they just keep adding to it.
