The Republicans increased spending on govt by 40% over the last 12 years and set our economy up for severe recession once tax receipts slow as the economy slows. And the economy has begun to slow sharply. Why does not anyone care about this? The downside for jobs, income could be huge once this plays out as Asians won't loan us $ 1 Trillion for our annual defecit. So govt will then either have to slow spending and spark a huge recession/depression or just print worthless money--they recently passed a law to do this--and who knows the fallout from this?
2007-03-18
02:33:39
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6 answers
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asked by
Lighthearted
3
in
Social Science
➔ Economics