Here we go again.
I just happen to be surfing on the boob tube and saw one of those financial networks.
A person was on the show who ran a business. Now this genius kept complaining about the deficit and how it will hurt business. Now I'm not saying this person is just lucky at running a successful enterprise but unless more people are working with a much higher disposable income then is now in place there is a 50/50 chance that in ten years from now his business will be extinct. Maybe I'm just a Keynesian at heart but just keeping tax low just ain't going to do it. Government is going to have to spend including helping states with their budget deficits. If we don't spend the private sector will be in as big of trouble as the public sector.In order to sell a product besides a demand there has to be a way for to pay for it.
One of the things that those sharp business people who complain about government spending will make the deficit worse are in fact setting up a larger deficit compared to GDP.
It maybe a difficult conception the deficit will get worse while government spending is lessened.
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