National Debt: 5 Ways Spending Cuts Will Benefit You

Discussion in 'Politics' started by KenH, Dec 11, 2010.

  1. KenH

    KenH
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    Excellent! :thumbs:


    " The bi-partisan Fiscal Responsibility Commission's report has serious flaws . . .

    * It's not ambitious enough, anticipating red ink for a decade; we should balance the budget sooner

    * It raises taxes

    * It doesn't make real CUTS in spending, only cuts in the rate of increase http://www.cato-at-liberty.org/still-not-serious-about-cutting-spending/


    You should instead CUT government spending back to Clinton-era levels. Here are five very good reasons why...

    1. Less government borrowing will mean more money for investment and job creation

    2. Eliminating wasteful and unconstitutional agencies and subsidies will allow for greater innovation in local government and the private sector

    3. We won't need job-killing tax hikes

    4. Confidence in the dollar would be restored and inflation would be curbed

    5. We would see a balanced budget sooner, sparing the people from trillion-dollar interest payments


    Drastic spending cuts led to economic booms in New Zealand in the 1980's, Canada in the 1990's, and here in the U.S. after World War II.

    http://reason.com/archives/2010/10/12/it-can-happen-here

    It can happen again. This is an historic opportunity. Cut spending to restore prosperity! "

    - www.downsizedc.org/blog/national-debt-5-ways-spending-cuts-will-benefit-you
     

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