Quote:
Originally Posted by TracyCoxx
We can't pay off the debt if our economy grinds to a halt. You drastically raise taxes for business owners (i.e. the rich) in the middle of a recession and that's what you'll do. And guess what. The democrats will be wanting more trillion dollar stimulus packages and continue raising the debt to help all the out of work people because you want to tax businesses to death. We need to allow the economy to recover, and cut spending, people will return to work and the debt will go down.
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Part of the unemployment problem is companies are hording cash and not hireing because productivity is keeping up with demand. Unless demand increases faster than productivity companies will not hire. So what increases demand? Putting people back to work.
We need to make our own stuff. Rich American companies are making their stuff in China. It's time to tax the profits of goods made outside the US.