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From Etch-A-Sketch To Sketchy
Topic Started: Oct 18 2012, 07:57 PM (625 Views)
catdaddy25
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psalongo
Oct 19 2012, 06:09 PM
Based on what I've heard of his plan, yes and no. Cutting taxes will do little for the economy especially employment.
Reducing spending will reduce the deficits of course but this will be of more harm than good.
Getting rid of obamacare will be a good thing overall.
I believe getting rid of the Bush tax cut would be even a better thing over all.If we going to have a deficits I rather spend on people who really needs the help than too give it away to folks that don't.
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Snidely Whiplash
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catdaddy25
Oct 19 2012, 06:35 PM
psalongo
Oct 19 2012, 06:09 PM
Based on what I've heard of his plan, yes and no. Cutting taxes will do little for the economy especially employment.
Reducing spending will reduce the deficits of course but this will be of more harm than good.
Getting rid of obamacare will be a good thing overall.
I believe getting rid of the Bush tax cut would be even a better thing over all.If we going to have a deficits I rather spend on people who really needs the help than too give it away to folks that don't.
Whenever the government creates money and spends it or puts it out there (because there is no other reason to create the currency), you will always have a deficit unless you run a trade surplus. The deficit with our current fiat based monetary system is not a significant issue. Other than running a trade surplus, the government would have to tax and get back every dollar in every account to end deficits and debt.

So some of you may asking, duh, ok why don't we have trade surpluses then. Well, let's follow this through. Our goods would have to low enough in cost to overcome things like tariffs from other countries. Meaning inevitably low wages, think China. This all assumes we can re-establish a major manufacturing sector.
The other option is to export a resource like oil which would mean openning up vast areas that are controversial like alaska, off the california and florida coast etc.
It may also include restructuring how the government collects revenue from these private corporations since they would control the oil.
Of course if we run a trade surplus it would mean another country would be running a trade deficit and there will be some instability in that relationship long term.
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Mal

Romney is not interested in telling us his real plans for tax and the economy because they are all for the rich, by the rich and he is beholden to the rich.
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