Quote:
Originally Posted by Robbie
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.
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I agree 100%. Taxing the rich won't fix the problem. Cutting taxes more isn't going to fix the problem either. The problem is the out of control spending.
The economy is slowly rebounding. Could it be doing better? I'm sure it could be. Could it be worse? Hell yeah. It took almost a decade and a major world war to get out of the depression so it is no shock to me that it is taking some time to get out of this recession especially when you consider that we had about five years worth of artificial housing bubble that finally burst in 2008. That means we will see five years worth of housing market decline, foreclosure and short sales so we likely still have another year of that type of bad news to deal with.
There are plenty of ways for the government to cut spending, but none of them really want to cut anything that could have an adverse affect on their district or state. Everyone wants to get in the ring and fight, but nobody is willing to get punched.