You can't run in the red all the time, but the government can for a while, and when it comes to the federal government, they should run a deficit for as long as they have to. Our government is very good at paying back its debts, which is why the U.S. federal government is able to borrow money at such low interest rates. Right now balancing the budget and trying to cut to spending would do more harm than good. Creditors aren't worried that the federal government isn't going to be able to get them their money back - we're not strapped for cash (there is a bit of fear that our politics will prevent creditors from actually getting their money back, but that's another issue). The US needs to start cutting expenses. Not increasing them. You are aware the middle cIass is disappearing? This is not a good sign. The middle cIass is the backbone of any successful country.[QUOTE="-Sun_Tzu-"][QUOTE="LJS9502_basic"]For one thing it was his analogy. Second...the principle should be the same. You cannot run in the red all the time. Not a business. Not a home. Not a government.
LJS9502_basic
I'm not concerned with creditors. I'm concerned with fixing the domestic issues which cost money. Money that is going over seas.
$33bn is going overseas. That's a tiny portion. There's no reason to cut it.
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