HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Government cuts slow econ... » Reply #12

Response to jpak (Original post)

Mon Apr 30, 2012, 11:31 PM

12. Any way you slice it GDP is on for a nose dive.


The federal government is spending around 40% more than it brings in from taxation. Either spending is cut by half or tax revenues are increased to cover the spending. There are no other options and anyone that try's to blow smoke up your ass and tells differently must be running for political office.....

EITHER option is going to kill the economy. The money is going to be removed from GDP one way or another, we can not continue to BORROW it in an effort to SOLVE AN OVER LEVERAGED ECONOMY.

Sure "tax the rich" sounds like a plan but it ain't going to cut it. I am amazed that the idiots on the right think LOWERING taxes is possible.

The problem is the ass-hats of BOTH political parties are trying to solve a simple math problem politically. Continued borrowing only makes the inevitable worse, I think we need to "eat our peas" right now instead of pushing the debt we are accumulating in a misguided effort to "pretend" we are in recovery off on future generations.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.