Quote:
Originally Posted by Manseed  Because doubling capital gains taxes is bad. Go read the post I made about it. |
Do you have any knowledge of economics at all? Do you even know what seperates us from a third world country?
Paul Craig Roberts: How Bush Destroyed the Dollar Quote:
As the dollar sheds value and loses its privileged position as reserve currency, US living standards will take a serious knock.
If the US government cannot balance its budget by cutting its spending or by raising taxes, the day when it can no longer borrow will see the government paying its bills by printing money like a third world banana republic. Inflation and more exchange rate depreciation will be the order of the day.
|
You can't just keep spending money you DO NOT HAVE. When Bush goes on these huge spending sprees, the standard of living in our country goes DOWN. Someone needs to have some fiscal responsibility and fix it. Unfortunately, it's the Democrats that have to RAISE TAXES to pay down the debt from the enormous spending done by the REPUBLICANS.
You can't just keep spending money without eventually paying the consequences. If you don't understand how economics actually work, you won't understand the consequences of what Bush did and how it will affect our country for decades to come.
