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Thread: WH Won't Use 'Repaid' Bank Funds for Jobs Plan

  1. #11
    Sage

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    Re: WH Won't Use 'Repaid' Bank Funds for Jobs Plan

    Quote Originally Posted by Goldenboy219 View Post
    In the midst of the largest economic collapse in nearly 80 years...... Deficits do not matter.

    Once we reach a recovery, we can begin to worry about where/how to cut spending, and what taxes to raise.
    Deficits might not matter to you, but they do matter to others who worry about the pile of debt we create.

    Do you understand why we had this economic collapse? Too much debt by people who could not pay it back. The reality is that we are in the midst of deleveraging our economy. This deficit spending will slow the fall artificially, but the U.S. has been living beyond it's means for decades, and it finally caught up with us.

    So your refrain that deficits do not matter, only works until the debt does matter. Look at what is happening in some EU countries to better understand the impact being indebted to the world means.

    Forget politics and let's not be shortsighted about the problems we face.

  2. #12
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    Re: WH Won't Use 'Repaid' Bank Funds for Jobs Plan

    Quote Originally Posted by ScottD View Post
    A government isn't a business, and running it like one would be a big mistake.
    So what are you suggesting?

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