Politics!
We have to remember that the question is really about how much government do we want and who rules.
Our Congress appropriates the monies it decides we need to fund government services and then BORROWS the money to do it. This is what the "budget ceiling " controversy is all about. And they are all ready to start over.
Notice this has nothing to do with taxes other than the government has to have some to be able to borrow as no one would lend the government much if it didn't have an income.
In other words, we raise or lower taxes for political reasons (balancing the budget, save the world, punish the rich, funding green religions, discouraging socially acceptable behaviour, killing little brown people around the world, etc) not that the government needs the taxes to pay debts, as proven by almost a hundred years of deficit spending. yes, with an expanding economy we can borrow forever! Just pay the interest with new taxes that roll in. (and no, the rich are doing just fine, so screw them!)
When I point this out I'm told that we don't want our government to do all that stuff, I simply counter with that's what we voted for! And everybody needs to get paid. That's where all government spending ends up.
In pay checks!
So, my question, still unanswered, is just what good does it do for your local economy, to lay off a teacher, a fireman,a soldier, a government lawyer, thousands government construction workers and millions of other government workers, hmm!
Still want to cut government spending during a depression?
We have to remember that the question is really about how much government do we want and who rules.
Our Congress appropriates the monies it decides we need to fund government services and then BORROWS the money to do it. This is what the "budget ceiling " controversy is all about. And they are all ready to start over.
Notice this has nothing to do with taxes other than the government has to have some to be able to borrow as no one would lend the government much if it didn't have an income.
In other words, we raise or lower taxes for political reasons (balancing the budget, save the world, punish the rich, funding green religions, discouraging socially acceptable behaviour, killing little brown people around the world, etc) not that the government needs the taxes to pay debts, as proven by almost a hundred years of deficit spending. yes, with an expanding economy we can borrow forever! Just pay the interest with new taxes that roll in. (and no, the rich are doing just fine, so screw them!)
When I point this out I'm told that we don't want our government to do all that stuff, I simply counter with that's what we voted for! And everybody needs to get paid. That's where all government spending ends up.
In pay checks!
So, my question, still unanswered, is just what good does it do for your local economy, to lay off a teacher, a fireman,a soldier, a government lawyer, thousands government construction workers and millions of other government workers, hmm!
Still want to cut government spending during a depression?
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