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$1.460 trillion goes into the US economy every year to keep everyone in a life style they clearly can't afford. Just because it's borrowed by the Government doesn't mean it stops there.
Finding out where it's spent reveals 100s of different opinions and statistics. Except it's mostly spent in the US.
Cutting it, stops the spending and removes it from the flow.
Cut out military spending and soldiers lose a jobs, a factory lose contracts, administrators lose jobs, shops and porn websites lose customers, their shops lose customers, so porn websites and shops 1,000 miles away cut staff. These people spend less money, because they're now unemployed, where they shop lose money and the the money loss keeps going around and around.
Romney says he will cut spending. Welcome to the nightmare. Except a lot of big businesses thrive on Government spending and he knows it. So don't expect any big cuts soon.
Solution, raise more in taxes to cut spending and lower interest rates. Encourage businesses to come to America to create jobs, invest in tomorrows technologies. Yes if a company can get more oil out of the US soil, go get it. so long as it doesn't ruin the environment. Better still, get off oil dependency. Drive smaller cars.
Buy more US made goods, buy less new imported gadgets, like the latest Chinese manufactured iPhone. Tell Apple in no uncertain terms to close their Chinese sweatshops and bring jobs back. When you buy a car, bike, don't buy a Toyota, BMW, Suzuki, etc. Buy one MADE in the US, not just assembled. Buy a more fuel efficient smaller one, so less oil is imported.
There are no quick fixes to a long growing problem. The most important thing is to understand the fix will be painful for all. Not just the US in all Western Countries running on huge debts.
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