2006-08-27 20:29:38 · 7 answers · asked by helixburger 6 in Politics & Government ➔ Government
well as far as I know that's more complicated question than it seems because several people say it's actually economically BAD to have a balanced buget or surplus and that the government should always have SOME level of deficit (I'm not talking about our trade deficit with other countries, that I personally think sucks and makes us weak and vulnerable) because it's kind of like the effect of loans and credit on the economy as a whole.. when used wisely they put more purchasing power into the economy and they make more goods and services change hands. the problem is when people can't make payments on them. so as long as we can make payments on the budget deficit (through US bonds, etc) we should probably have SOME deficit... how big it should be, I don't know.
2006-08-27 20:34:55 · answer #1 · answered by goof 2 · 0⤊ 0⤋
Sure, they can balance the budget whenever they want to. It's only like 6 - 7 % of the GNP in debt.
2006-08-28 03:32:13 · answer #2 · answered by inzaratha 6 · 0⤊ 0⤋
It 'could' happen, but I don't see it in the near future.
Why? Raising taxes is bad for a politicians ability to get re-elected and spending is good for it. As long as they worry more about getting re-elected and less on financial good of country, it's just going to get worse.
2006-08-28 03:37:30 · answer #3 · answered by Flip 3 · 0⤊ 0⤋
More expenses but few revenues and it is bad for the economy.
2006-08-28 03:32:43 · answer #4 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
yes
2006-08-28 03:32:01 · answer #5 · answered by qqqq 3 · 0⤊ 0⤋
yes and they'll pay it back with smaller dollars when times are good.
2006-08-28 07:52:10 · answer #6 · answered by Red 5 · 0⤊ 0⤋
as long as Bush and his gang keep spending money they don't have ..you don't stand a chance....
2006-08-28 03:39:04 · answer #7 · answered by ziggy_for_president 2 · 0⤊ 0⤋