Skip to comments.Why We Should Stop Obsessing About The Federal Budget Deficit
Posted on 11/18/2012 9:29:56 PM PST by Beowulf9
wish President Obama and the Democrats would explain to the nation that the federal budget deficit isnt the nations major economic problem and deficit reduction shouldnt be our major goal. Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both.
Deficit reduction leads us in the opposite direction away from jobs and growth. The reason the fiscal cliff is dangerous (and, yes, I know its not really a cliff but more like a hill) is because its too much deficit reduction, too quickly. It would suck too much demand out of the economy.
(Excerpt) Read more at robertreich.org ...
Very true. All government workers are paying their taxes with the money of those who produce who paid taxes and hence, their salary.
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