Over One Trillion Dollars of Deficit in Four Years

Discussion in 'Politics & Religion' started by omcate, Feb 4, 2003.

  1. omcate

    omcate

  2. Depends on how much gubment spending is curbed or increased. How many safety net programs are added to the whole mixture is important too. If the deficit is based upon the shrinking tax revenues, that's one thing. If it is because of runaway long range spending plans, that's another. The whole issue is mute if the powers all realize that the government makes no money and reacts accordingly. Their spending should be tied directly to the previous year's tax receipts. That would quickly cause some major crying on the hills. Hmm, another novel concept, spend only what you physically have. :)