Quote:
Originally posted by ganon
i would rather have a trustworthy (financially) gov in a deficit situation and know that my job is more secure, because the economy is growing or at least humming along, than not have the deficit, and know that my job is tenable.
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Really, and what happens when 50 cents of every tax dollar is going to pay just the interest on the deficit???
Ask Argentina just how well deficit spending has worked for them, or Brazil, or Venezula, or France even for that matter. Or even Canada where for years our gov't spent money like a bunch of drunken sailors and now we have a huge DEBT that gobbles up 20 some odd cents of every tax dollar. And that's just the interest.
I must have been dreaming when i saw on the news the economic melt downs in Argentina where people's savings became worthless over night.
How many people have mortgages that they never pay down? That's how gov't deficits operate. They keep borrowing and borrowing, which inevitably drives up the cost of borrowing.
Quote:
Originally posted by ganon
If a rich person gets a tax cut, who am I to bitch, it isn't my money to begin with. the mindset that I should have any say about anyone elses (personal) money is the whole problem in this country. i have found that a lot of wealthy people spend a buttload of money on things that stimulate the economy. works for me.
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Yeah, like chalets in Switzerland, and Ferraris, and winter retreats in the Carribean....