Quote:
Originally Posted by zimmy
Apparently you have thought long and hard so this might be hard for you to understand; most economists say the last thing that should be done in a recession is cuts. The economy needs an influx of money and people need jobs. Your major cuts idea would intially lead to the loss of 100,000's of jobs at a time when the economy needs people to spend money. Taxes on the wealthy would not fix the problem, but returning to the tax policies considered reasonable under Reagan, Bush 1, and Clinton would do a huge amount toward rudicing the yearly deficit, which would increase consumer confidence. Long term deficit reduction requires cuts and a reduction in tax loopholes. There is no plan that gets us out of the deficit without tax increases. WHen I bring that up here, the response from many is that we have to cut first. I disagree. Go back to what I started with: many, many economists say that the last thing you should do during a recession is cut. The tea party types mix anger and frustration about taxes with the current economic situation. They are two different things. A recession does not end by cutting. Long term deficit reduction could be done with cuts and increases in taxes.
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Z- good response, but here is the kicker. Politics aside, we know for a fact the O administration gave millions to these green energy cos that went defunct. That was millions of OUR money. Why would I want to give MORE? We could have saved millions by the govt doing nothing, right? I dont see one example of govt spending doing any good. I see plenty examples of my spending do others good. I do agree that taxes should be changed. I dont agree with the rate increase constantly being proposed. I think we should change the capital gains tax and close loopholes and remove the AMT. There are gives and takes in there that will benefit the economy as a whole.