Quote:
Originally Posted by kane
The good news is that the trending numbers show the rate of growth for the national debt to be slowing and, in theory, if the economy continues to improve then the GDP will improve and the percentage of the GDP the debt makes up will fall back to a more normal number.
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I agree...from everything I have seen and heard economists discuss, the economy coming back to life and job growth are the keys to getting everything going again.
As for taxation...I don't believe that cutting them any further will "help" the economy.
BUT, I also don't see that raising them on wealthy people is going to help the economy either.
All it does if give the feds more money to waste.
Hell...the federal govt hasn't slowed down one bit in spending. Matter of fact, they argue over spending "cuts" that are really just talking about slowing down the rate of spending GROWTH. It's unreal.