You mean large deficits? Do your own homework.
2006-07-14 17:40:51
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answer #1
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answered by BeachBum 7
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There is positives and negatives on this.
First of all, ANY money leaving the Federal Hands and back in the hands of consumers is nothing but Good. Every time money is exchanged for goods and services, money seems to grow. This takes the economy and helps it grow. Economy 101.
The wasteful spending in government and what the Government does with the money is more of where the problem is. When the Federal Government distributes money, it does so with rules attached to it. I call some of those rules Blackmail. If you don't spend it this way or that way, we will take our money back. That is where spending is especially bad.
Also, since you are at such a young age, pay attention to the ones with negative answers. They are what is called Nay-Sayer's. Nothing is quiet the way they would do it, yet they offer no real answer for how they would.
Try to look at the bigger pictures of life rather then the negatives. Bad way to focus on life. God gives us way too much to throw it away.
2006-07-15 00:47:24
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answer #2
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answered by lancelot682005 5
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It is like having a credit card and you go shopping and max it out so you call the credit card company and ask for an increase and they give it to you, so you keep calling and asking for an increase until they tell you to stop spending and start paying, but you don't have the money to pay so you get a loan from the bank because you have good credit. And when you get the payment book from the bank you have to find away to make money.
2006-07-15 01:37:41
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answer #3
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answered by King Midas 6
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42% of funds go to military actions of the past and present.
When there is spending without enough federal funds....the Country issues something called U.S treasury bonds.
These bonds get bought by other countries and by people in the US.
we borrow money now and promise to pay them back plus more money........
IF the U.S is in a huge defeciet and still needs to Spend....them more and more bonds are sold.....meaning that future generations will pay the cost of today...your grand kids at a bigger cost.
The more US bonds are bought by other countries the more power these countries have to influence our U.S econmony......for example China owns the most bonds....if they sell them off it would hurt the U.S dollar and our economy......
Studies by the CATO institute show that tax cuts without cutting in spending leads to bigger and more expensive government.
Since Regan there was the belief that cutting Taxes would create smaller government......or strave the beast.\
This wasnt' the case, spending increased and hasn't really been under control.
In 1994 Republicans took control of the Congress. the congress spends.........and under the Bush adminstration the Federal government has become bigger and spent even more than any other president because of deficit spending.
Tax cuts during war is unpatriotic, because we need every dollar to fight our enimes.
The president asks people to support the war, by going to the mall and spending money...and pretending everything is ok.
2006-07-15 00:49:05
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answer #4
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answered by nefariousx 6
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It raises the prices of gas. It eliminates social programs needed by the indigent. It increases poverty. It divides the classes. It negatively impacts the global economy. And it leads to unrest, war and death.
2006-07-15 00:42:21
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answer #5
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answered by Valkanas 2
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How does it NOT affect us? It's our tax dollars and if they don't spend it wisely they will have to raise more revenue by raising OUR taxes.
2006-07-15 00:41:58
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answer #6
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answered by Sara 6
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yes
2006-07-15 00:40:09
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answer #7
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answered by ? 2
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