DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Last Minute Budget Deal Reached; $38 Billion In Cuts For Remainder of Fiscal Year

**Wckcvhsg** · 09-04-2011, 04:31 PM

The simple lesson is this, there isn't that much more that can be cut, and tax rates are extremely low.
So taxes have to be raised, because even with the Ryan Budget, we add another 14 trillion in debt before the budget is balanced, and that requires getting to 2% unemployment in a couple of years, while laying people off who work in the public sector. It requires Clintonian job growth in the private sector, while pursuing policies that have stunted growth everywhere else they have been tried.

09-04-2011, 04:31 PM	#27
Wckcvhsg Join Date Nov 2005 Posts 494 Senior Member	The simple lesson is this, there isn't that much more that can be cut, and tax rates are extremely low. So taxes have to be raised, because even with the Ryan Budget, we add another 14 trillion in debt before the budget is balanced, and that requires getting to 2% unemployment in a couple of years, while laying people off who work in the public sector. It requires Clintonian job growth in the private sector, while pursuing policies that have stunted growth everywhere else they have been tried.
	Quote