- Joined
- Jul 3, 2009
- Messages
- 2,854
- Reaction score
- 567
- Location
- Oslo, Norway
- Gender
- Male
- Political Leaning
- Slightly Conservative
A massive cut in spending will definitely make business owners sit on their money. The reason they are not spending, is because they are not sure if they will get returns on their investments. If Ron Paul gets his spending cut through, the business owners are going to downsize, because they know a crisis is approaching.Many of the private corporations and small business are sitting on their money waiting for where the next shoe drops. A massive cut in government spending could mean a stabilization and or lower tax rates. Although this country does have a massive debt to repay with interest and this I haven't seen anyone address as of yet.
The problem is that Obama plans to increase the deficit from 2015. Who plans to have increased deficits?! What if we experience another crisis? To solve the deficit problem US needs to gradually keep cutting spending/increase taxes till we reach budget surplus.
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