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Cut the spending. We cannot pay back the current existing debt. Do not add more, we’re taxed enough already.
We must draw a line in the sand.
Of course we can afford it. All you have to do is remember what life was like before George W Bush and his cronies destroyed the economy. Sure, taxes were higher, but businesses still made massive profits and we had a budget surplus. But Bush’s tax cuts and recklessness in going to Iraq, plus an unfunded rescription Drug plan, and deregulation of Wall Street brought us this curent mess.
Why is the Right so focused on spending cuts, when the obvious answer is to just reverse the clock 10 years and take us back to what we were doing correctly when Clinton was President?
The reason the economy is stalled is because no one is spending money. There’s no demand for goods and services and that’s why businesses are not hiring. The absolute worst thing we can do is cut government spending, because that will further reduce demand for goods and services.
I think a budget cut that pretty much everyone would agree on (outside the hallowed halls of congress :P ) is a 50% pay cut on congressional salaries and a mandate that they pay into their own health insurance plan…