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In the discussion thread: Eliminate the deficit instantly [View all]

Response to abumbyanyothername (Original post)

Wed Oct 3, 2012, 11:25 AM

10. isn't is simpler to just raise taxes progressively 3 % of the GDP and balance the budget

then go back to printing money and deficit spending when the economy slows and paying down the debt when the economy does well. While I don't disagree with the central argument, I just think a long term stable economy generally doesn't solve every solution with deficit spending. The goal of the economy in the last century was to keep it relatively stable as average Americans simple can't tolerate wild boom, bust cycles. One lever economies never seem to end up stable anywhere accept on paper. At least it seems that way to me.

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Arrow 11 replies Author Time Post
abumbyanyothername Oct 2012 OP
hollysmom Oct 2012 #1
HiPointDem Oct 2012 #2
newfie11 Oct 2012 #6
orwell Oct 2012 #3
Blecht Oct 2012 #4
SheilaT Oct 2012 #5
HiPointDem Oct 2012 #7
davidn3600 Oct 2012 #8
abumbyanyothername Oct 2012 #9
HiPointDem Oct 2012 #11
LineNew Reply isn't is simpler to just raise taxes progressively 3 % of the GDP and balance the budget
Johonny Oct 2012 #10
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