RE: spending needs to be paid for
Only the following choices I can think of:
1) Tax
2) Borrow
3) Print
If anyone else has another way of paying for government spending, I am all ears.
And today’s GOP compains about all 3 ways to pay for government spending. As we are in a demand-driven slowdown/recession slashing spending from the only entity doing any real spending, the government, is not what needs to happen right now.
There’s enough slack in the economy to allow more printing of money without having to worry about inflation but I think the wiser course is to pay for the spending through tax collections. Fiscal responsibility does not mean spending cuts only, which seems to be the current stance of the GOP.
Well I don’t know about you, but I’m tapped out. If you wanna give the govt more of your hard-earned income to squander on pork and other pet projects, by all means, go right ahead. Don’t presume to speak for me, however.
Drivel. Sounds like you agree with 0 that you can spend and tax your way out of debt. No thanks!