Re: The dems framework-- Tax NOW with REDUCTIONS in increased spending and reforms LATER!
posted at 11/29/2012 12:24 PM EST
In response to DirtyWaterLover's comment:
Tvoter. We do not have a $16 trillion deficit. We have a $16 trillion debt. We have a $1 trillion deficit.
There are no discussions about cutting the debt. the discussions are for cutting the deficit.
And yes, if a reduction in the deficit is not done at the right time, it will lead to a recession. Adding to the deficit can stimulate the economy and cutting the deficit will contract the economy. The only way a cut in the deficit will not result in a recession is if we already have high interest rates and those rates go down as the deficit narrows or if the economy is heating up and there is a real threat of inflation.
You really should take freshman level macroeconomics course.
The are directly related but, thanks for trying to talk down to someone above you.
The plan the dems have WILL NOT balance our budget!
If, we balance the deficit, we do not add to the debt, if we keep running deficits we keep adding debt!!
When you or greece or spain are spending way more than you bring in lendors will say; we cant loan you more because you have no realistic way to pay us back OR we will loan you more we will just charge you much more in interest.
Every liberal thinks because we are not as bad as other countries or because we can print our own money that these basic principles do not apply to our country!
The idea that just because we are not as bad off as them now or so much bigger than them so, we can still add more and more debt and borrow more and more until we miraculously find our way out of this is assinine!!