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I can't understand how all the borrowing we do is good for the country. Each of owes around $25,000 now as our portion.
60 minutes has a segment tonight.

2007-03-04 12:08:49 · 13 answers · asked by Middleclassandnotquiet 6 in Politics & Government Government

13 answers

, yes I do simply because we are a country, instead of manufacturing products we send them out of the country and that's also why houses and housing is so hi today, because there trying to keep the country from drowning . in total depth most things are imported in because this country did not want to pay the price for manufacturing home and pay the wages to our people and now everyone may suffer it's cheaper in other countries. to bad and to sad. watch out! if i go any futher with this it's immoral as well.

2007-03-04 12:23:20 · answer #1 · answered by Anonymous · 1 2

The deficit's big drawback is that it sucks up money that would otherwise be invested into paying for current government consumption. (In a nutshell if the government runs a deficit some people lend money to the government instead of to private businesses or individuals who would use it to build factories or make new products or other things that would create new jobs and make people better off in the long run. This slows down economic growth and makes people relatively poorer over the long run.)

We would probably be better off if we didn't borrow. Of course that would mean higher taxes or less government spending.

2007-03-04 12:19:53 · answer #2 · answered by Adam J 6 · 2 1

Our deficit is out of line because our debt is so high. Also, it doesn't make sense to continue high borrowing rates when the economy is growing.

The deficit strategy should be more counter cyclical, borrowing to spur the economy when it is sluggish and lowering or eliminating the deficit when the economy is strong.

The Republicans (beginning with Reagan) seem to always run large deficits. That is obviously not sustainable fiscal policy.

2007-03-04 12:14:44 · answer #3 · answered by Anonymous · 2 1

It's past the point of no return. Write to the leaders who are vying for the presidency instead of paying attention to what Bush is doing. These hopefuls are falling into Bush's scheme by looking the other way.

2007-03-04 12:12:29 · answer #4 · answered by ToYou,Too! 5 · 2 2

It's already past that point. My children and grandchildren (and yours) will be paying for it for decades with a declining economy, massive trade deficits, lower wages, higher state and local taxes and a declining standard of living.

A shrinking middle class means a shrinking America.

2007-03-04 12:28:23 · answer #5 · answered by correrafan 7 · 1 2

The US deficit is already in dangerous level because of the enormous expenses in Iraq.

2007-03-04 12:11:17 · answer #6 · answered by FRAGINAL, JTM 7 · 3 2

The Federal budget deficit is not the problem.The fact we're in debt with foreign countries for Trillions is beyond the boundaries of sanity.

2007-03-04 12:15:07 · answer #7 · answered by Zapatta McFrench 5 · 2 3

Is that all?

Tell me where to pay off my portion then, I'll take care of it this weekend.

2007-03-04 12:27:36 · answer #8 · answered by an_eshva 2 · 1 0

Bush's tax cuts WERE helping before the Dem congress reversed them.

2007-03-04 12:12:36 · answer #9 · answered by bigsey93bruschi54 3 · 1 4

Borrowing is great, if you borrow to much you just declare bankruptcy. Just ask the liberals that work for you.

2007-03-04 12:12:24 · answer #10 · answered by Anonymous · 1 4

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